B Corporations (Benefit Corporations)

B Corporations, or Benefit Corporations, are legal entities committed to addressing social and environmental concerns alongside profit. Unlike traditional corporations focused solely on maximizing shareholder returns, B Corps voluntarily meet high standards of transparency, accountability, and sustainability. They aim to create a positive impact on society and the environment while operating a financially sustainable business. Certification from a third-party organization evaluates their social performance, ensuring that they balance purpose and profit. This model supports businesses that want to prioritize ethical practices without sacrificing financial viability, aligning business success with positive societal outcomes.