Document Type

Feature

Publication Date

2017

Abstract

As the world continues to strive to achieve sustainable development, U.S. states must continue to adopt laws that govern benefit corporations. A benefit corporation “is a new corporate entity that requires directors to take social and environmental considerations into account when making corporate decisions.” It has been suggested that the benefit corporation structure will appeal to larger corporations who will see it as a way to protect the organization’s social mission. There are also many smaller for-profit organizations that have adopted this structure. Regardless of the size, this corporate entity has found favor among institutional investors who have a growing interest to invest in companies that have an environmental and social impact.

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