what is the purpose/what does it mean to be a “B Corporation”?
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First, do not conflate B-corp Labs certification and a b Corp. B-Corp certification is a process that you go through where a third party B labs certifies that you are taking certain steps beyond profitability for shareholders.
A b Corp or benefits corporation that allows the board to take into considerations other than the shareholders. Usually related to sustainability. This has become less important as ESG is a thing and taking sustainability measures into account can be justified regardless of the actions of you can show it benefits shareholders.
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