Companies owned by Foundations for 150 years:
Every company making revenues doing impact work:
Tech companies: We're going to prove that capitalism and impact aren't incompatible ideas! We even formed a B-Corporation, it has a different letter so you know we are serious! You have to work below market because you love our vision!
Instead of snarky insults, can you suggest some changes you'd make to the B Corporation requirements? Anyone who jumps through B Corp certification (https://bcorporation.net/certification/meet-the-requirements) has at least good intentions and willingness to spend time and money on them.
So, give them some constructive suggestions. If someone reading this thread wants to consider and disclose the company's impact on society, employees, and other non-shareholder stakeholders, what would you tell them to do?
The latest iteration of impact is born from ignorance of whats already out there and this is mutually exclusive of getting B Corp statutes passed and choosing to use them.
It is just Shariah compliant organizations rebranded for an islamaphobic audience (or maybe specifically “Shariah”-phobic). Kind of cute, I can understand how people are unaware of contexts outside of “theocratic human rights abuses”.
Constructive suggestions on B Corp? Its fine what they are trying to do, standardizing what impact even is and streamlining it with a single incorporation. I dont have any quantitative analysis of B Corp efficacy, does anyone? Foundations on the other hand are forced to make charitable grants annually, and this is quantifiable. they simply own shares of C-Corps, therefore many C-Corp workers are doing impact work whether they made that conscious decision or not.
