Public benefit corporations

Public benefit corporations (PBCs) are a type of for-profit company that aims to make a positive impact on society or the environment, alongside earning profits. They are legally committed to balancing financial success with their public benefit mission, which is usually outlined in their charter. Unlike traditional corporations focused solely on shareholder returns, PBCs prioritize social or environmental goals while remaining profit-generating entities. This structure provides legal protection for leaders to pursue these broader objectives without facing legal challenges for not prioritizing profit above all else.