My Cart

Close
corporation valley buildings

What is a Benefit Corporation or B Corp And What Does It Mean


Benefit Corporations and B Corps have very high social and environmental performance. The certification evaluates how operations and business models affect employees, society, the environment, and customers. Benefit Corporations and B Corps meet the highest standards.

Today, there are over 2,750 certified B Corporations across 150 industries in 64 countries. Panaprium aims to become one of them. It is a new type of company: we balance profit and positive impact and strive to be one of the best companies in the world. We have set ourselves the goal of changing the world for the better.

The certification for Benefit Corporations and B Corps is issued to for-profit companies by B Lab, a global nonprofit organization. Only companies with a minimum score in social and environmental performance are granted the certification.

Companies must meet sustainability, transparency and accountability standards to become Benefit Corporations or B Corps. They must demonstrate a positive impact in areas of governance, workers, community, the environment, as well as the product or service provided.

Benefit Corporations and B Corps meet the highest standards to balance profit and purpose. This new way of doing business is building a more sustainable economy and redefining success.

 

toronto corporations pin


Not all society's problems can be solved by government and nonprofits alone. Benefit Corporations and B Corps are helping as well. They have goals such as reducing inequality and preserving the environment. They work to make a positive impact on the world. They use business as a force for good.

Benefit Corporations and B Corps believe in being the change we seek in the world. All businesses should aspire to do no harm and benefit all, taking responsibility for future generations. These are the kind of businesses people want to work for, buy from, and invest in.

With this certification, businesses attract & engage employees, gain trust and competitive advantage. They make a profit and at the same time a difference in the world. Fortunately, more and more people are paying attention to these issues.

Benefit Corporations and B Corps aspire to solve social and environmental problems. One core value is conscious capitalism, using business as a powerful tool to address society's problems.

Building a business is hard work and we shouldn't have to do it alone. Becoming a benefit corporation or a B Corp makes a public statement that the business and its people care about more than profit. Being committed to something bigger is a very honorable thing.

 

 

About the Author: Alex Assoune

Alex Assoune Alex is passionate about conscious living, ethical, and sustainable fashion. He writes to raise awareness around the environmental and social impact of fashion.


Share


More, More, More


Related Articles

happy consumers

The Advantages of Fast Fashion for Consumers

Fast fashion has been rising in popularity over the last 20 years. It allowed brands and retailers such as Zara, H&M, Primark, Forever 21, GAP to grow into large global... Read More

What Are The Alternatives To Fast Fashion

I never paid much attention to how my clothes were being made. Soon after I started to learn about the disastrous impact of fast fashion, I tried to find the... Read More
pink dress
compassion couple

Compassion Is The Key To Happiness: A Dalai Lama Message

I believe that compassion is the key to happiness. His Holiness the 14th Dalai Lama also thinks that way. With a more compassionate mind, we feel better about ourselves. The... Read More

What Causes Fast Fashion

Fast Fashion is socially and environmentally damaging. But that doesn't prevent consumers to buy more fast fashion each year globally. I used to shop fast fashion before 2016 very frequently.... Read More
fashion blue coat
denim pile

10 Ways To Keep Your Clothing Out Of Landfills

Clothing is pilling up in landfills at an alarming rate. The fast fashion industry, overproduction, and overconsumption of cheap disposable clothing are responsible for tons of textile waste, land, air,... Read More

What Does Upcycled Clothing Mean

The demand for upcycled clothing is rising. There is a regain interest in upcycling clothes among conscious consumers and in the fashion industry as a whole. And that's excellent for... Read More
upcycled skirt
blonde fashion model lighting

An Introduction To Slow Fashion And Why It Matters

Where to start with slow fashion? There are so many things to consider, plenty of terms and resources to consume. It's overwhelming when you are trying to build a more... Read More

10 Endangered Animals Used For Clothing

Anthropologists believe that men and women began wearing clothes after the last ice age using animal skins and vegetation. Animals were used for clothing as protection from rain, wind, cold,... Read More
endangered seal sleep
blonde fashion model

How Many Pieces Of Clothing Does A Woman Need

Are you wondering if you have too many pieces of clothing in your wardrobe? If you are asking yourself this question, you already know the answer. Yes, you do! The... Read More

Top 10 Advantages Of Buying Second Hand Clothes

Buying second-hand clothing is becoming cool again. There are many advantages of shopping for used clothes and many consumers see it.Thrifting not only helps your wallet but also the planet!... Read More
red used clothing top

0 comments

Leave a comment

All blog comments are checked prior to publishing