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Economic Opportunity

EO2.5

Educate Public about B(enefit)-Corp(oration)s

Call to action. Description here.

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Tool Information


Goals

Description

A benefit corporation or B corporation is a corporate form in the United States designed for for-profit entities that want to consider society and the environment in addition to profit in their decision making process. Benefit corporations differ from traditional corporations in regards to their purpose, accountability and transparency. The purpose of a benefit corporation is to create general public benefit, which is defined as a material positive impact on society and the environment. Kansas hasn't passed legislation allowing this form of corporation, support and movement on this issue, could offer new opportunities for Kansans.

Background

Kansas is currently working on legislation to authorize b corps. Twenty five states already have legislation in place, with over 1,000 certified b corps up and operating for the new economy. These corporations are changing the way America does business, allowing young entrepreneurs to define a business climate that not only cares about the bottom-line, but raises the consciousness and awareness of a whole new generation.

Implementation Strategy


Timeframe

Short (1-3 years)

Cost

$

Implementation Details

A brief outline of the first few steps necessary for implementation are provided. The steps outlined here are provided only as a suggested starting point and other approaches are certainly valid.

Case Study


B Corp Certification

Certified B Corporations are leading a global movement to redefine success in business.

By voluntarily meeting higher standards of transparency, accountability, and performance, Certified B Corps are distinguishing themselves in a cluttered marketplace by offering a positive vision of a better way to do business.

We hope that you are inspired, not just by our vision, but by the movement's ability to translate ideas into action.

B Corps create higher quality jobs and improve the quality of life in our communities. And, as the movement grows, it has become an increasingly powerful agent of change. We are passing laws. We are driving capital.

Government and the nonprofit sector are necessary but insufficient to address society's greatest challenges. Business, the most powerful man-made force on the planet, must create value for society, not just shareholders. Systemic challenges require systemic solutions and the B Corp movement offers a concrete, market-based and scalable solution.

Over 1,000 businesses have already joined our community, encouraging all companies to compete not just to be the best in the world, but to be the best for the world. As a result of our collective success, individuals and communities will enjoy greater economic opportunity, society will address its most challenging environmental problems, and more people will find fulfillment by bringing their whole selves to work.

(from 'Why B Corps Matter' on the Certified B Corporation website)