At the dawn of a new era, women in Japan still face old challenges: they’re paid less than men and struggle to scale the professional ladder. How can the impasse be broken?
What are benefit corporations, the companies doing good for society
All companies aim to profit, but some of them are doing something for the society. They’re called benefit corporations.
Each and every private company aims to increase its profits. But there are some that also set an extra mission: do something good for society and the Planet. These companies are called benefit corporations.
What is a benefit corporation
Benefit corporations are companies developing economic activities that have a positive impact on the environment, on the territory, on people, and on the community. While doing so, they profit from their activities and this is what differentiates them from non-profit organisations.
Benefit corporations are a relatively new reality. The US state of Maryland was the first to officially introduce them in 2010. To date, 32 US states have adopted a specific regulation on the matter. In 2015 Italy became the first country in Europe and outside the United States to create a new legal status for benefit corporations.
The legislation in Italy and the US
Having Italy recently introduced them in its legislation, LifeGate has decided to become a benefit corportation. “A benefit corporation is a company which combines the goal of profit with the purpose of creating a positive impact for society and the environment and which operates in a transparent, responsible and sustainable way,” reads the legislation.
These goals are to be included in the business objective and should be carried out trying to balance the corporations’ interests with those of the parties involved, directly or indirectly. Every year benefit corporations are required to report what they’ve done so far for the common good. Also, they are required to declare the objectives they had set, how they achieved them (or not), and what they’re planning for the following year.
Benefit corporations and B-Corps aren’t the same
At first glance, benefit corporation might seem a synonym of B-Corp. Actually, they’re two separate things. A B-Corp is a company, of any legal forms, that obtains a certification by B-Lab, a US non-profit organisation, voluntarily. The company fills in a questionnaire of the Benefit Impact Assessment and B-Lab evaluates its social and environmental policies. If they meet B-Lab standards, the company is certified. So, a benefit corporation can be a B-Corp and vice versa, but they’re two separate things.
All over the world there are more than 2,000 B-Corps across 50 countries, working in 130 different sectors. And they’re likely to increase. This is a sign of a growing awareness and of the will of putting into practice the company’s purposes while doing something tangible for the environment and the people.
Quest'opera è distribuita con Licenza Creative Commons Attribuzione - Non commerciale - Non opere derivate 4.0 Internazionale.
More and more wealthy families care about our Planet. Data emerged from the Investing for Global Impact prove this.
Sustainable stock exchanges in emerging economies are encouraging consideration of environmental, social and governance factors. And they’re addressing the SDGs, the UN’s goals for 2030.
Inequality has increased anywhere in the world despite substantial geographical differences, with the richest 1% twice as wealthy as the poorest 50%. The results of the World Inequality Report 2018.
We talk to Samir de Chadarevian, an expert in sustainable development, philanthropy, impact investing and social innovation.
The global gender gap, the 2017 report shows that disparity has increased for the first time in a decade
The global gender gap or index has widened, the 2017 World Economic Forum report shows. In view of the International Day for the Elimination of Violence against Women, we analyse how these phenomena are sadly related.
Gamil de Chadarevian. These stories show that there’s someone who can – and wants to – make a difference
We can learn a lot from philanthropists and families investing their money for the future of all of us. We talk about this with Gamil de Chadarevian, founder of GIST Initiatives.
How do wealthy families invest their capital? Fortunately, impact investing is an increasingly common choice. An anticipation of some of the most important findings.
Philanthropy and impact investing are two instruments to change the world, for the better. Here’s why we’ll be talking about this approach over the next few months.