BU398 Lecture 10 - Social & Environmental Missions_myls.pptx

S o c i a l e n v i r o n m e n t a l m i s s i o n s

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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Social Entrepreneurship Traditional business may try to pursue a "triple bottom line approach" by maximizing profit and may go zero-sum on environmental and social concerns social entrepreneurs will try to maximize social or environmental concerns and will often go zero-sum on profitability
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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Example of a Social Enterprise? Started at WLU in SBE
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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Example of a Social Enterprise?
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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Benefit Corporations ( B Corps ) [ ]
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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Benefit Corporations Companies can Legally incorporate as a B Corporation (only in certain U.S. states) Gives legal permission and protection to officers and directors to consider all stakeholders, not just shareholders Creates additional rights for shareholders to hold directors and officers accountable to these interests Get certified as a B Corp (Any organization anywhere) Non-profit organization called “ B Lab ” sets standards and certifies companies that pass standards
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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Certified B Corps in Ontario Click here to search the 81 certified B Corps in ON, including marketing, investment and consulting companies
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S o c i a l / E n v i r o n m e n t a l M i s s i o n s Hootsuite: A Canadian Unicorn and a B Corp
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CIC’s (community interest companies) A new legal form of company first introduced in the UK in 2005 Corporations in British Columbia and Nova Scotia can become designated as CCCs (in BC) or CICs (in NS) The problem
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  • Winter '18
  • Corporation, Cooperative, Social Enterprises

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