Download to read offline
More Related Content
Similar to Hybrid Business Models: B Lab Presentation
Hybrid Business Models: B Lab Presentation
- 1. Center for Non-Profitand Public Leadership Haas School of Business – UC Berkeley Andy Fyfe B Lab 650.759.9592 afyfe@bcorporation.net www.bcorporation.net
- 2. B Corporations *Impact Investing * Public Policy Big Trend Use market forces to solve social problems Conscious consumers Socially responsible investors Social entrepreneurs and sustainable business 60 million Americans $2.7 trillion dollars 100,000+ businesses
- 3. B Corporations *Impact Investing * Public Policy Big Problem Our current capitalist system wasn’t designed for this • Current corporate law works against sustainability and social impact • No standards to distinguish ‘good companies’ from good marketing
- 4. B Corporations *Impact Investing * Public Policy Maximize shareholder value exclusively 20th Century 21st Century Create social and shareholder value simultaneously Big Opportunity Shareholder corporation Stakeholder corporation The evolution of capitalism
- 5. B Corporations *Impact Investing * Public Policy High quality jobs • Good pay • Better benefits • Greater ownership • Better work environment • Better career development Big Difference Stakeholder corporations redefine success in business Improve our quality of life • Less waste • More renewables • More philanthropy • More volunteerism • More suppliers local, W/M-owned
- 6. B Corporations *Impact Investing * Public Policy Good products Last 10 years Next 10 years Big Need Good companies + 500 others Standards to drive support
- 7. B Corporations *Impact Investing * Public Policy The Entrepreneur is The Engine of Change Initiative 1: Shine a light on the Entrepreneur Initiative 2: Remove legal impediments for the Entrepreneur Initiative 3: Drive capital to the Entrepreneur B Lab is a nonprofit organization that supports the world’s leading entrepreneurs using business to solve social problems
- 8. B Corporations *Impact Investing * Public Policy What is a B Corporation? • Meet independent, comprehensive and transparent standards of social and environmental performance • Meet higher standards of transparency • Meet higher legal standards of accountability
- 9. B Corporations *Impact Investing * Public Policy Bay Area B Corps
- 10. B Corporations *Impact Investing * Public Policy The Entrepreneur is The Engine of Change Initiative 1: Shine a light on the Entrepreneur Initiative 2: Remove legal impediments for the Entrepreneur Initiative 3: Drive capital to the Entrepreneur B Lab is a nonprofit organization that supports the world’s leading social entrepreneurs using business to solve social problems
- 11. B Corporations *Impact Investing * Public Policy Initiative 2: Advancing Supportive Public Policies The community becomes a powerful constituency • New corporate form > Benefit Corporations • 11 states passed • 5 states moving forward • Strong business support
- 12. B Corporations *Impact Investing * Public Policy Key Provisions: Purpose • to create material positive impact on society and the environment Accountability • directors and officers shall consider effect of decisions on stakeholders Transparency • publish annual report in accordance with a third party standard Benefit Corporation Legislation “The most original , constructive thought in corporate governance in 25 years.” Former President, American Bar Association
- 13. B Corporations *Impact Investing * Public Policy “Five years from now, ten years from now, we’ll look back and say this was the start of the revolution. The current system doesn’t work – this is the future.” Yvon Chouinard Patagonia First Day to Register in California