A Public Benefit Corporation (PBC) is a type of for-profit company that aims to create a positive impact on society and the environment, in addition to generating profits. Unlike traditional corporations, PBCs are legally required to consider the interests of various stakeholders, including employees, customers, and the community, rather than solely focusing on shareholder profits.
PBCs are recognized in many jurisdictions, including the United States, where they are governed by specific laws that outline their purpose and accountability. This structure allows PBCs to pursue social and environmental goals while still operating as a business, providing a balance between profit and purpose.