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‘B Corps Bring Purpose and Profit for Sustainable Business’, Sustainability Mag
Certified B Corporations (B Corps) are redefining business success by proving financial performance and social responsibility can coexist. A recent B Lab white paper highlights how B Corps outperformed traditional businesses during 2019–2021, demonstrating resilience, stronger revenue growth, and higher job retention. Their stakeholder governance model, which balances the interests of employees, communities, the environment, and shareholders, is key to their success. This article explores the impact and growing influence of B Corps in modern business.
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This article provides an introduction to Certified B Corporations (B Corps) and argues that they are challenging the notion that financial success and social good are incompatible in business. A recent white paper from B Lab reveals that B Corps are outperforming traditional businesses in key financial metrics while maintaining their commitment to social and environmental responsibility. During the economic disruption of 2019-2021, B Corps showed greater resilience and growth, with higher rates of revenue increase and job retention. Their success is attributed to a stakeholder governance model that considers the interests of employees, communities, and the environment alongside shareholders.
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