Benefit corporations and certified B Corps are ______.

Question

Quizplus · Accepted Answer

Benefit corporations are a legal entity that is distinct from traditional for-profit corporations, while certified B Corps are companies that have undergone a certification process to meet certain standards of social and environmental performance, accountability, and transparency. Therefore, they are two different entities, one being a legal entity and the other being a certification process. While benefit corporations are currently only recognized in certain states of the United States, certified B Corps are found in many different countries around the world.

Benefit Corporations and Certified B Corps Are ______