Best for the World, Best for NYC

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Best for the World, Best for NYC A Global Movement of Entrepreneurs Using Business as a Force for Good

Transcript of Best for the World, Best for NYC

Page 1: Best for the World, Best for NYC

Best for the World,Best for NYC

A Global Movement of Entrepreneurs Using Business as a Force for Good

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Maximize

Shareholder

Value

20th Century 21st Century

Maximize

Shared

Value

Fulfilling the Promise of Capitalism

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A Global Movement of Entrepreneurs

100,000+ Entrepreneurs

• Government & non-profits necessary but insufficient

• Business can attract capital and talent at scale

• Business is means to solve society’s greatest challenges

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People want to use business as a force for good

Sustainable businesses

Conscious consumers

Responsible investors

Workers

100,000+

60 million Americans

$3.5 trillion invested

100 mm Millennials

Not Just Entrepreneurs

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System not designed for this

• Corporate law is an impediment

• No standards to distinguish ‘good companies’ from good marketing

• No norms and no institutions = no scale

The Problem

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B Corps are leading a global movement of entrepreneurs with one unifying goal . .

Redefine success in business

So that one day all companies competenot only to be best in the world, but best for the world

Which leads to a society with shared and durable prosperity for all.

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What is a B Corporation?

Certification for companies that use business as a force for good

B Corps meet higher standards of:

• Social and environmental performance

• Transparency

• Legal accountability

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860 B Corps, 60 Industries, 28 Countries

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Measure What Matters

(B Impact Assessment)

860 B Corporations

100 Funds Managers & Investors

15,000 Other Businesses

40 Business Associations

15,000 Companies Measure What Matters

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The B Corp Community Drives Policy Change

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Etsy is a marketplace where people around the world connect to buy and sell unique goods. Its mission is to re-imagine commerce in ways that build a more fulfilling and lasting world.

Matt Stinchcomb

• Brooklyn, NY• 450 Employees

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Brooklyn Coop is a community financial institution.  Its mission is to further wealth building, resilience, and opportunity in the communities it serves - like Bed-Stuy and Bushwick – offering access to fair and affordable financial services.

Samira Rajan

• Brooklyn, NY• 10 Employees

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Since 1999, UncommonGoods has been offering artists, designers and shoppers a way to express their individuality through creative design and to do so in a sustainable manner.  The company runs its entire operation, including its warehouse and call center, under one roof in Sunset Park, Brooklyn.

David Bolotsky

• Brooklyn, NY• 150 Employees

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CHCA is the largest worker owned cooperative in the US. It employs over 2300 home care workers who provide in home care services to the elderly and people with disabilities primarily in the Bronx and upper Manhattan. They provide over 3 million hours of service with revenues of $64 million.

Michael Elsas

• Bronx, NY• 2300 working

owners

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Thank you!

Put your purpose into practice @ bimpactassessment.net

Bake it into your DNA @ benefitcorp.net

Be recognized as a leader @ bcorporation.net