B the Change

By B Lab | People Using Business As a Force for Good

This Bank Is Making Itself More Accountable To Investors. Here's Why

This is a first.<p>For the first time, a U.S. bank is putting its community mission on equal legal ground with turning a profit.<p>Virginia Community Capital, a nonprofit bank holding company with $150 million in assets, has converted the for-profit bank it owns into a public benefit corporation, a legal …

Finance

Glossary for Good – 16 Models + Approaches for Organizations Doing Good - RoundPeg

By Alison Klein | March 10, 2015<p>Since the concept of corporate social responsibility first hit the scene in the 1960s, the idea that businesses …

CSR

The Future Of Progressive Business Is Companies That Are Good, Not Just Doing Good

Responsible businesses today tout the idea of something called shared value—where profits, customers, and the environment all benefit from a company's success. But is that enough?<p>These days, we have high expectations of what companies should be. It’s not enough that they make good products. They …

Business

Best Advice To Aspiring Entrepreneurs: Think Like A Toddler

Business Strategy

Why My Startup Shouldn’t Choose Between Money And Mission

We sometimes feel torn between growing our business & honoring our values. But without our values, we're less likely to reach profitability.<p>By almost any standards the startup in which I’m involved, Purple Carrot, has had a successful six weeks since our relaunch. We’re shipping more meals every …

Customer Retention

How to help your company prepare for climate change in 2016

With the Paris agreement on the books, it’s time to look at how climate change – and its mitigation – will impact businesses, and how they can adapt<p>As 2015 comes to a close, we can look forward to starting a new year with a global climate change agreement that has been signed by 95% of the world’s …

Social Impact B Corporations Are on the Rise

New legislation is allowing companies to put social and environmental impact on par with profits.<p>A little provision was sneaked into the Italian parliament's big end-of-year budget package: it will now be possible for Italian companies, new or already existing, to incorporate as "Società Benefit," …

Governance

Can B Corp be the next Fair Trade for socially-minded corporations?

B Corp, a certification for business that undertakes environmental and other sustainability efforts, is starting to attract larger, public companies. But some roadblocks still remain<p>The B Corporation movement, which certifies companies that benefit society as well as their owners, is gaining …

The Year In Social Enterprise And Impact Investing: 5 Noteworthy Happenings In 2015

I'm an award-winning journalist with a particular interest in for-profit social enterprise, as well as entrepreneurship and small business in general. I've covered those areas for many many places, including The New York Times, Bloomberg Businessweek, Crain's New York Business, Inc. and Business …

Social Enterprise

B Corp Dharma Merchant Services Brings Transparency to Credit Card Processing

Launching a community-minded, transparency-focused business in an industry he describes as "rife with deceptive business practices, outrageous fees and disadvantageous contracts," Jeff Marcous thought his venture's appeal was clear.<p>"We just assumed that any company selling a green, sustainable …

5 Key Business Trends to Master in 2016

1<p>Retire the term “manager”<p>Illustration by Martín Laksman<p>Zappos CEO Tony Hsieh took the radical step of eliminating all managers at his company. Now …

Business

Salt | B Corps: Unleashing an army of ethical businesses

SOCIAL AND ENVIRONMENTAL PERFORMANCE<p>Companies must meet rigorous standards of overall social and environmental performance; businesses are asked a …

B Corp Certification Is The 21st Century Standard For Business

For Jay Coen Gilbert, it felt like someone took a wrecking ball to his dream. <br>American entrepreneur Gilbert and two college friends launched AND 1 in …

Certification

Green Evolution: How Business Is Joining the Environmental Vanguard

Time was when governments and nonprofits were the only ones pushing planet-saving agendas. Wharton professor Sarah Light has done new research on …

Business School

The Deep Legal Roots of the Business Case for Sustainability

In 1932, E. Merrick Dodd wrote in the Harvard Law Review that the corporation is "an economic institution which has a social service as well as a …

Governance

20 Moments From The Past 20 Years That Moved The Whole World Forward

From 1995 to 2015, Fast Company looks back at the people, products, and ideas that have transformed business and culture.<p>Do you remember the day when Netscape became a $2 billion company, or when Amazon upended our online expectations by introducing 1-Click shopping? How about when Napster faced …

Silicon Valley

What is the Role of Business in Society?

Capitalism is the most powerful man-made force on the planet. It has played a central role in improving the quality of life for billions of people by constantly evolving through a delicate balancing act with government and civil society. When this relationship is in balance, capitalism is able to …

Launch of U.K. B Corp Movement Prompts Debate About Future of Corporations

The B Corp movement focuses on embedding a social purpose within a company’s DNA. As this movement gathers momentum, it highlights the need for an …

Governance

Kickstarter’s CEO says we need to overhaul the way we do business

<i>This post has been corrected.</i><p>I’m listening to Yancey Strickler, founder and CEO of the crowdfunding platform Kickstarter, with a growing sense of wonder. He looks understated: smiling, wearing spectacles, fitting right in to the hipster haven that is the Ace Hotel in Shoreditch, east London. But …

Management

B Lab Co-Founders Win the 2015 John P. McNulty Prize

Filed in Blog Topics: John P. McNulty Prize B Lab co-founders Jay Coen Gilbert, Andrew Kassoy and Bart Houlahan are the winners for the 2015 John P. …

Frightfully Good: How to Share Your Values This Halloween

By Alison Klein | October 21, 2015<p>This post is part of our Conscious Consumerism series to encourage our readers to live – and buy – responsibly. As …

Halloween

Becoming a B Corp: only for the sustainable elite?

It can be tough for a business to get certified in social and environmental performance – just ask organic winemaker Fetzer Vineyards<p>In 1968, Barney Fetzer decided to start what he believed was a revolution in the fertile lands of California’s Mendocino County. He was going to challenge the status …

Agriculture

Can B Corps take companies beyond the bottom line?

With rafts of companies signing up to new carbon targets in the lead up to the Paris climate conference, many corporate leaders increasingly cite the …

Business

Good corporate governance can improve a company's bottom line

When business is conducted in the right way, there is no more powerful agent of positive social change, says Edward Perry<p>As we digest the fallout of yet another big corporate scandal, there are plenty of people left wondering, once again, why there isn’t a better way of doing business. There is. …

Is B Corps Or Fair Trade Certification Right For Your Company?

The president of an Africa-based footwear company on why he shelled out for top certifications, and whether you should, too.<p>Tal Dehtiar is in the business of social good.<p>He founded and runs the world's first and only fair trade-certified footwear factory, Oliberté, which is also a certified B …

Social Enterprise

Are B Corps a good investment? Bridges releases new paper

• B Corp is a global movement of companies looking to combine social and financial goals<br>• Today it launches officially in the UK, with an initial cohort …

Finance

Impact Is The New Mobile

It’s no longer acceptable for a website to not render well on mobile. In the next decade, it won’t be enough for a company to merely be profitable — customers, employees and investors will all demand that a company produce positive impact, as well.<p>This might seem unlikely, but so did businesses …