When do we get non-profit B Corp?

#NonProfits #BCorps

@rik @RD4Anarchy agreeded, That is where full cost accounting would help.
also there is an attempt at addressing that here in the #colonies with #Bcorps instead of #Ccorp in the tax code but we dont hear much about it.

@gwagner @FinancialTimes

Yikes. It is getting twisty.

I'm not a fan of the B-corp idea anyway bevause it accepts unfair fights. All companies should be accountable to stakeholders, including the environment, not just to shareholders. If only certain companies do this, their competitors have a market advantage so the odds of B-corp survival are poor. If it's a successful market strategy to care about the environment you don't need to be a B-corp to do it.

As I read it, a B-corp is authorization to spend, even lose, shareholder money doing good for the world and not have your stockholders sue you for breach of fiduciary duty. Indeed I'd think they should be able to sue you for not doing well by the social benefit promises you've made.

However here I see FT characterizing it as a "movement" as including "thousands of companies around the world who are certified as 'a force for good'.' This does not mesh with my understanding of their role.

Wikipefia says of B-corps that they
Include "positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts".

My reading of them is that they aren't, or shouldn't be,, "blessed as good" but rather that they open themselves to criticism-with-teeth if they fail to make good on their promises of good.

People differ on what ethics is, but my personal definition of ethics isn't that there is a specific set of rules you comply with. That's just law and compliance is not ethics at all in my book. Ethics, to me, is a living process of continually asking hard questions of yourself, starting with "am I today right now ethical, and what makes me sure I've not drifted?" The answer to that can never be "I was blessed at birth as ethical."

To me, any notion that B-corps are blessed as ethical or that any one agency can certify unambiguously that someone is ethical is suspect. Organizations can perform independent audits and offer opinions, but that ought not end all discussion. Anyone founding a B-corp has asked for any stakeholder to challenge them.

We should be asking hard questions of the auditors as well.

#BCorps #capitalism #corporations
#StakeholderTheory #StakeholderCapitalism
#ShareholderTheory #ShareholderCapitalism
#ethics #compliance #law #FiduciaryDuty
#environment #labor

Leveling Up for a More #InclusiveEconomy

To shift the power of influence in the global economic system, Certified B Corporations around the world are exploring new ways of doing business that remove barriers to opportunity.

The examples highlighted this week reflect how #BCorps are adjusting and reshaping practices and programs to center long-excluded voices and perspectives:

https://bthechange.com/leveling-up-for-a-more-inclusive-economy-7cadc070eaa5

Anyone have experience with #BCorps? I’m interested in hearing about it. https://www.bcorporation.net/en-us/certification/ #capitalism

@chrishampsonlaw Welcome to Mastodon Chris! I would love to hear about others who might be interested on #bcorps

@mongabay This is why I am so upset that Nespresso was able to get certified as a #BCorps, which really degrades the reputation of B Corps certification even further

There is now a #SocialEnterprise Group on Mastodon, so please do follow @socialenterprise

And please boost 😃

#SocialBusiness
#SocialInnovation
#BCorps
#BenefitCorporation
#CommunityEconomies
#CommunityBusiness
#cooperative
#Cooperatives
#Coops
#NonProfit
#MutualAid
#Impact
#SocialFinance
#SocialInvestment
#Philanthropy
#VenturePhilanthropy

@pluralistic The social network site Ello which was famous for 15 minutes in 2015 organised as a B Corp.

It's since been sold, and so far as I'm aware none of its social benefit committments are now available online.

#Ello #BCorps

We’re absolutely thrilled and humble-proud to announce that we have won the Coolest Dutch Brand Award 2020. 📱🙌

The theme for the year was #sustainability and we're proud to have stood alongside fellow #bcorps and runners up, @mudjeansNL@twitter.com and #Naïf Natural Skincare.

We're thrilled to announce that we've made it through to the final of the Coolest Dutch Brand Award 2020! ✨

The theme for the year is #sustainability and we're proud to stand alongside fellow #bcorps @mudjeansNL@twitter.com and #Naïf Natural Skincare in the final in October this year.

We’re thrilled to announce our partnership with @Honest_Mobile_@twitter.com, the world’s first carbon negative phone network! Both #Fairphone & Honest Mobile are proud #bcorps (@BCorpUK@twitter.com) and we look forward to working together to bring impactful change. 🙌

➡️ https://bit.ly/3rBpJ2L

RT @BCorporation@twitter.com

This little B is actually a big deal! It can let you know which businesses are putting people and the planet first. So look for the B, the Certified B Corporation stamp, to help you choose what’s best for you and the people you care about.
#BCorps #VoteEveryDay #BCorpMonth

🐦🔗: https://twitter.com/BCorporation/status/1238125765809647618

Great discussions on how to have a wider impact.
As #bcorps we can inspire and learn from each other how to continue using our businesses as a force for good.#BCorpSummit @BCorpEurope@twitter.com
Together we #DareToCare

It was great to have you over🙌 Together we #DareToCare

RT @BCorpNL@twitter.com

Yesterday, some of the @BCorporation@twitter.com team members visited the launch of @Fairphone@twitter.com 3! Value Chain Manager Laura highlighted the FAIR social and environmental impact of the phone, while CEO Eva told the crowd about the new tech specs of the PHONE. A true force for good! #BCorps

🐦🔗: https://twitter.com/BCorpNL/status/1167405865911144448