public benefit corporation

A public benefit corporation (PBC) is a type of for-profit company legally committed to balancing financial success with positive social and environmental impact. Unlike traditional corporations that prioritize shareholder profits, PBCs integrate a specific public benefit—such as sustainability, community well-being, or social justice—into their mission. They are legally required to consider the broader impact of their decisions on society and the environment, ensuring their pursuit of profit aligns with their social purpose. This structure provides transparency, accountability, and a formal way to prioritize societal benefits alongside financial performance.