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Example of a B Corp certification label. B Lab certification is a third-party standard requiring companies to meet social sustainability and environmental performance standards, meet accountability standards, and be transparent to the public according to the score they receive on the assessment.
B corporation. B corporations, also called benefit corporations, are for-profit entities that aim to work for the public good. ... Consider the pros and cons of each before deciding which one to ...
An ordinary corporation may change to a benefit corporation merely by stating in its approved corporate bylaws that it is a benefit corporation. [ 2 ] A company chooses to become a benefit corporation in order to operate as a traditional for-profit business while simultaneously addressing social, economic, and/or environmental needs. [ 3 ]
B Lab is a non-profit organization that was founded in 2006 in Berwyn, Pennsylvania, by Andrew Kassoy, Jay Coen Gilbert and Bart Houlahan. [1] B Lab created, and awards, the B corporation certification for for-profit organizations.
Pros and cons of government 457(b) retirement plans. James Royal, Ph.D. February 14, 2024 at 1:41 PM. Like its better-known sibling — the 401(k) — a 457(b) retirement plan is a tax-advantaged ...
Of the over 3,300 Certified B Corporations in the world as of April 2020, a significant portion are in the food & beverage space. Companies can be certified B either through creation or conversion of a corporate legal structure to a Benefit corporation, as is available in the United States in 35 states, or entities can modify their articles of ...