Benefit Corporations
A Benefit Corporation is a type of business structure that aims to create a positive impact on society and the environment, in addition to generating profit. Unlike traditional corporations, which primarily focus on maximizing shareholder value, benefit corporations are legally required to consider the effects of their decisions on various stakeholders, including employees, customers, and the community.
To become a benefit corporation, a company must meet specific standards of social and environmental performance, accountability, and transparency. This designation is recognized in many regions, including the United States, where states like Delaware and California have established legal frameworks for benefit corporations.