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B Corp + Benefit Corps & Public Markets
Faster than passage of LLC laws in the 1980s, benefit corporation laws have been adopted in 32 U.S. states, recommended for replication globally by the G8 Social Impact Investment Taskforce, passed into law in Italy and moving forward in 5 other countries. In the few years since it has been widely available, more than 3,000 businesses have adopted this innovative corporate structure and the U.S. Department of Labor has issued new ERISA guidance to make it clear that large institutional investors can invest in businesses with expanded fiduciary duties like benefit corps.
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B Corps in the Public Market
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Public Markets and Multinationals
Multinationals and Public Markets Advisory Council Performance Mission Alignment Purpose: To create a meaningful and manageable path for multinational and publicly traded companies to become Certified B Corps.
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MPMAC Members Danone Said Business School, Oxford Natura Generation IM
Suncorp Unilever Campbell Soup Company Bancolombia C&A Deloitte Grant Thornton Hain Celestial Said Business School, Oxford Generation IM Morgan Stanley SASB Linklaters Prudential Harvard Business School EY Weinberg Perella Partners 4
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Public Company Project
Engage Investors and Companies Benefit Corporation Conversion Spring 2018 Target November 9, 2016 Kick-Off 5
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the B Impact Assessment
Institutions using the B Impact Assessment These are some of the scores of investors, credit providers, business associations, municipalities, and corporations asking the companies with whom they work to use the B Impact Assessment to manage their impact. B Analytics is the data platform they use to benchmark their impact performance against the thousands of other companies using the BIA. For intermediary institutions, it’s hard to understand their own impact without understanding the impact of the businesses with whom they work and in whom they invest. Becoming a Measure What Matters partner gives these institutions an inexpensive, turnkey way to engage their partner businesses to mitigate risk and maximize impact. - We have a platform to meet your business needs, YPO - 40k members, Bancolumbia, Ben & Jerry’s, supply chain 6
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Opportunities for Client Engagement
Become a benefit corporation Take the B Impact Assessment As a company, or as a cohort Certify as a B Corporation Become a partner Use BIA to track your impact, the impact of your supply chain, or other stakeholders 7
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As we inspire all businesses to be like B Corps,
we unleash the latent power of markets to create a more shared and durable prosperity for all. We… reduce inequality, alleviate poverty, restore a healthier environment, build stronger communities, and create more high quality jobs with dignity and purpose. Join us! Social change is a team sport. There are thousands of companies already leading the way. Join us in helping make it easier for millions of others to be inspired and able to follow. 8
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