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Social enterprise articles

Westaway Review leads the discourse on best practices for social entrepreneurship. Find the insights you need to change the world.

If I’m Raising Capital, Should I Be A B Corp?

A B Corp, or more properly a benefit corporation, is a new class of corporation for companies seeking to blend both profit and purpose.

The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment, employees, customers and investors. These social entrepreneurs increasingly demand that business serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining a singular focus on short-term maximization of financial profits. (more…)

How To Evaluate Impact In A B Corp

The B Corp is distinct from a traditional corporation in two key ways.

First, the purpose of the company is much broader, shifting from a narrow pursuit of pure profit maximization to creating benefit for all stakeholders.

Secondly, B Corps have a higher standard of transparency and accountability regarding their social and environmental performance.

All B Corps are required to report their social and environmental performance through their annual benefit report. This annual benefit report is an opportunity for a B Corp to transparently share how they actually performed socially and environmentally with their stakeholders and the public. (more…)

August 2, 2016

What is a B Corp?

What is a B Corp?

A B Corp or, in this case more properly called a benefit corporation, is a new class of corporation for companies seeking to blend both profit and purpose.

The B Corp is a new type of corporation for a new type of entrepreneur, the social entrepreneur, who creates business models that benefit society, the environment, employees, customers, and investors. These social entrepreneurs believe that business can serve both shareholders and society, considering the impact of their decisions on multiple stakeholders rather than maintaining a singular focus on short-term maximization of financial profits.

(more…)

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Manifesto

We see the world as it could be. We resolve to make change happen. Not content to wait for better times, we strive to lay foundations now. We know that a brighter future is built by the adventurers, people like you and me, who are on the ground charting new territory, motivated by passion and obsessed with execution.

We believe in the power of the marketplace to create positive social and environmental change. We believe the world’s most complex challenges have financially sustainable solutions. We believe the people who design these solutions are driven by long-term prosperity, not only financial but also social and environmental.

We are in this together.