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Green Mountain Power

First Utility Receives B Corp Certification

Green Mountain Power, a Vermont-based energy company, has become the first utility in the world to become a certified B Corp. B Corps are certified by the nonprofit B Lab to meet standards of social and environmental performance, accountability and transparency. There are 1165 B Corporations in 37 countries, including … Read more »

B Corp

Why B Corp Certification Matters

Companies can attract younger workers by seeking — or touting — B Corp status, the Wall Street Journal reports. Since 2007, B Lab, the nonprofit that awards companies with a B Corp logo based on their environmental and social business practices, says 859 companies — including Patagonia, Ben & Jerry’s, … Read more »

Companies Increasingly ‘Pursue Triple Bottom Line’

Companies Increasingly ‘Pursue Triple Bottom Line’

Echoing the growth in corporate social responsibility reporting, a growing number of mostly small- and medium-sized companies are taking environmental and social stewardship further and becoming benefit corporations — companies that are legally bound to have a positive effect on society — according to a report by Worldwatch Institute. There are currently … Read more »

Benefit Corporations ‘Need More Oversight’

Benefit corporations, for-profit companies that also have social or environmental missions, need more oversight by state regulators in California, legal experts said at a National Association of State Charity Officials conference. About 75 companies have registered as “benefit” or “flexible purpose” corporations since Gov. Jerry Brown signed two bills into … Read more »