Benefit Corporation

Definition of "Benefit Corporation"
  1. A commercial entity established with the dual purpose of generating profit for its shareholders and exerting a positive impact on society, such as enhancing environmental conditions or promoting overall wellness. This kind of corporation is sometimes also called a B corporation or public benefit corporation
How to use "Benefit Corporation" in a sentence
  1. The Benefit Corporation aimed to improve local water quality while also generating profits for its investors.
  2. Rather than merely maximizing shareholder value, the Benefit Corporation had an additional objective of promoting organic farming practices.
  3. The Benefit Corporation set profit-making and reducing carbon emissions as parallel goals in its business model.

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