A benefit corporation is a new class of corporation that voluntarily meets different standards of corporate purpose, accountability, and transparency.
1) have a corporate purpose to create a material positive impact on society and the environment
2) are required to consider the impact of their decisions not only on shareholders but also on workers, the community, and the environment
3) are required to make available an annual benefit report that assesses their overall social and environmental performance against a third party standard. Such report does not need to certified or audited by a third party, but use the standard as an assessment tool.
Becoming a benefit corporation gives entrepreneurs and investors an additional choice when determining which corporate form is most suitable to achieve their objectives.
Broadgreen Solutions started life by incorporating as a Benefit Corporation in Delaware due to Delaware’s status as a leader in strong corporate governance. We chose to become a Benefit Corporation due to our commitment to social entrepreneurship.
For more information visit the Benefit Corporation page.