Using the benefit corporation structure enables our company to meet the legal requirement for B Corp certification. By meeting this requirement, B Corps are better able to maintain mission as we scale, enjoy more flexibility when evaluating future sale options, and are better prepared to lead a mission-driven life post-IPO. Adopting a mission-aligned governance structure like the benefit corporation can also be a driver of long term value creation.
There are more than 3,000 benefit corporations that have met the highest standards of legal accountability, and less than 1,000 Certified B Corporations in the U.S. who have further distinguished themselves as leaders by meeting the highest standards of overall verified performance. We’ve done both.