B Corporation Backgrounder

Click here to load reader

download B Corporation Backgrounder

of 27

  • date post

    08-May-2015
  • Category

    Business

  • view

    801
  • download

    1

Embed Size (px)

description

This presentation is a backgrounder on B Corps, as delivered at an information session at MaRS on May 13th, 2011. It includes background on: what is a B Corporation, their ratings system, service offerings, public policy, and implications for access to capital.

Transcript of B Corporation Backgrounder

  • 1.Information Session
    B Corporations
    Prepared for MaRS Clients, MaRS Advisors and GTA Area Social and Environmental Purpose Businesses
    Friday, May 13th, 2011
    MaRS is where science, technology and social entrepreneurs get the help they need. Where all kinds of people meet to spark new ideas. And where a global reputation for innovation is being earned,
    one success story at a time.

2. Summary

  • WHAT IS A B CORPORATION?

3. RATINGS SYSTEM 4. SERVICE OFFERINGS 5. PUBLIC POLICY 6. ACCESS TO CAPITAL 7. OUR WORK 8. OPPORTUNITY 9. DISCUSSION & QUESTIONSPg 2
10. Pg 3
What is a B Corporation?
Certified B Corporations are a new type of corporation which uses the power of business to solve social and environmental problems.
B Corporation concept launched in the US in 2006.
11. What is a B Corporation?
Comprehensive Company Focus

  • Social and Environmental criteria considering: Product/Service impact, community, workers, governance,suppliers and customers.

12. Transparency requirement 13. Legal requirement to ensure long-term sustainability 14. On-site audits377 B CorporationsI$1.82B RevenuesI54 IndustriesI$1M Annual Savings
vs. Thematic Focus (Industry, Product, or Limited Focus)
Social and
environmental
practices for
rainforest
protection
Facility, product,
or service energy efficiency
Social and environmental practices
in the forestry industry
Facility energy efficiency and
use of green materials
Recycled content
Of product
Agricultural practice
Of food product
Level of disclosure on
Social & env. Issues.
Fair labor practices
To make product
Systems established to measure &
reduce environmental impacts
Sustainability embedded
in full life-cycle of product
Pg 4
15. What is a B Corporation?
Pg 5
Different from mainstream business:

  • entrenched social mission;

16. meet comprehensive and transparent standards of social and environmental performance, transparency and accountability; 17. institutionalize stakeholder interests; and 18. build collective voice through the power of a unifying brand.No single sector or industry focus:

  • Sectors: Manufacturing, Wholesale, Service/Retail

19. Industries: Building, Business Products and Services, Consumer Products and Services, Education and Training Services, Financial Services, Health, Legal, Media, Restaurant/Hospitality/Travel, Retail and OtherAccredited by the U.S. non-profit organization B Lab, based in Philadelphia, Pennsylvania. They focus on standards,mobilizing capital and public policy.
20. Pg 6
What is a B Corporation?
407 B Corporations
$1.91B Revenues
54 Industries
+$1M Annual Savings
21. What is a B Corporation?
Pg 7
Diverse and growing group of business leaders
Consumer Products
Financial Services
Bus. Services
Canada (26)
Other Examples
22. Pg 8
What is a B Corporation?
To become a B Corporation, you have to do three things:
Take and pass the B Impact Ratings System
Adopt the B Corporation Legal Framework to embed social mission
Sign a Term Sheet that makes your certification official.
B Corp Legal Framework

  • Amend Articles of Incorporation requiring companies to embed social mission and consider of the impact of decisions not only on shareholders,but also stakeholders

23. Benefits-protection for Directors to consider non-financial interests
- accountability to shareholders to uphold new standard of conduct

  • survives new management, capital and ownership

24. no additional liability from non-shareholders 25. Standardized: In 2009, MaRS worked with Blakes to draft a memo on making amendments to articles of incorporation in Ontario/Canada