More than just money: Social mission gains traction with small companies
April 24, 2015 | Washington Business Journal
Washington, DC (April 24, 2015) – They may not have the sexiest name, but you have to look no further than Etsy’s IPO to see that B Corps are taking center stage.
B Corps are companies who commit to upholding specific high social and environmental standards, certified by a nonprofit organization called B Lab.
The New York Times reports that the movement seems to be picking up speed. Etsy is one of more than 1,000 certified companies in 33 countries.
While some of the companies are public, it’s not easy for them to go the B route, as their size makes them less nimble and able to make rapid changes.
Instead, most B Corps are small businesses. A recently published list of the 2015 top B Corps, called the Best for the World, focuses on companies with fewer than 50 employees. Some local names made the list, including real estate development company Telesis Corp. and nonprofit consultant Community Wealth Partners, both located in D.C.