Green Horizon

What effect does my blog have? "Elevating the conversation on the economics of sustainability"
Hi there! My name is Lucas and I am a passionate student who aims to raise awareness and promote environmental advocacy. Through my blogs I will share the latest news and any though-provoking insights on a variety of topics.
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Friday, June 2, 2023

B Corporations: Redefining Business Paradigms



In a world where profits often overshadow social and environmental concerns, a new type of business entity has emerged with the solemn mission to redefine success; B Corps embody a different and innovative approach. A 'B Corporation' also known as Benefit Corporation, is a type of for-profit business entity that is somewhat legally required to consider their environmental and socioeconomic impact. These corporations attempt to balance their purpose of environmental sustainability and the aim of profit-maximization. In other words, B Corps meet "the high standards of social and environmental performace, transparency and accountability".