The B Corporation

[Ajith Sankar]

In 2007, USA witnessed the launch of a project known as B Corporation (B Corp.). B Corp. is a certification given to any organization (mainly for profit organizations) whose purpose is the promotion of the well-being of all stakeholders, and not just the shareholders.

Being certified as a B Corp., means that an organization follows the stakeholder well-being approach, in letter and spirit. The organization incorporates social and environmental sustainability, employee involvement etc. into the legal framework of the company. By the beginning of August 2009, 190 companies were certified as a B Corp.

For more details about B Corp., you may explore their website: www.bcorporation.net

Thankyou.