Benefit Corporation is a traditional profit company with additional obligations that commit management and shareholders to higher standards of purpose, sustainability, responsibility, and transparency.
- Purpose : Benefit corporations commit to creating a positive impact on society and the biosphere, meaning shared value, in addition to generating profits.
Sustainability is an integral part of their business model, and Benefit corporations create conditions favorable to social and environmental prosperity, both now and in the future.
- Responsibility : Benefit corporations commit to considering the impact of their business on society and the environment in order to create sustainable long-term value for all stakeholders.
- Transparency: Benefit corporations are required to annually communicate and report, according to third-party standards, the results achieved, their progress, and future commitments towards achieving social and environmental impact, to both shareholders and the general public.