Why B-Corps Exist And How They Are Changing The World | The Odyssey Online
Start writing a post
Student Life

Why B-Corps Exist And How They Are Changing The World

"We envision a global economy that uses business as a force for good."

32
Why B-Corps Exist And How They Are Changing The World
Fairphone

As holidays approach, people start searching for family gifts to buy. While it's easy to buy from our known and big brands for the best holiday gift ever, it's time for us to realize that buying from our go-to corporations might be doing more harm than good for our society. That's where B-corps come in.

Known as Benefit-Corporations, these businesses have started to add the benefit to our society factor to their goals, and we should take notice of them because they are changing the world for the better.

B-corps are the evolution of our capitalist system that's been ruling since the end of 20th century. This capitalist system had businesses trying to maximize their profit and production (shareholder value) exclusively, regardless of environmental damage, human rights violations and footprints in our society. That mentality comes with a huge cost for our society, and thus we have news about the Australian Coral Reef dying, labor rights being violated and even animal mulesing.

Millennials, though, are having none of that. We are a generation that demands to have information at the tips of our fingers, and most of us care about things like carbon footprint, deforestation and human rights violations. We care so much that we invented B-corps to fight back against businesses who act without regard to our society, and they show proof of that change.

The primary goal of the B Corporation Movement is to create a type of business that challenges the traditional system of serving shareholders at the cost of society, and they are doing a great job at it. Since the founding of B Lab in 2007, the B Corporation Movement has added more than 1100 corporation to their long list, and many follow this lead by becoming Benefit Corporations themselves (B-corps and Benefit corporations are different terms.)

The mentality is simple: government and non-profits are too small in our economy to make a huge positive difference in social change. Businesses, on the other hand, make 3/4 of the US GDP and have an influential power in our society. Therefore, we should use companies and corporations to bring those social and environmental problems to an end. "Systems should exist to serve society," said Jay Coen Gilbert, the co-founder of B Lab, during a TED Talk in Philly, and B Corps are helping society by using their businesses as a tool for social change.

So, as you buy gifts to give your mother, father, sister and even your dog, consider buying from companies that hold the highest standard for the benefit of our society and environment. B-Corps are changing the world, and we can help by supporting them in their endeavors. Just to give some B Corps ideas (you can find the whole list here) keep in mind businesses like Patagonia, Inc., Mud Jeans, Voz, United By Blue, Reformation and WE-AR.

Happy holiday and ethical shopping!

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
Lifestyle

The Great Christmas Movie Debate

"A Christmas Story" is the star on top of the tree.

315
The Great Christmas Movie Debate
Mental Floss

One staple of the Christmas season is sitting around the television watching a Christmas movie with family and friends. But of the seemingly hundreds of movies, which one is the star on the tree? Some share stories of Santa to children ("Santa Claus Is Coming to Town"), others want to spread the Christmas joy to adults ("It's a Wonderful Life"), and a select few are made to get laughs ("Elf"). All good movies, but merely ornaments on the Christmas tree of the best movies. What tops the tree is a movie that bridges the gap between these three movies, and makes it a great watch for anyone who chooses to watch it. Enter the timeless Christmas classic, "A Christmas Story." Created in 1983, this movie holds the tradition of capturing both young and old eyes for 24 straight hours on its Christmas Day marathon. It gets the most coverage out of all holiday movies, but the sheer amount of times it's on television does not make it the greatest. Why is it,
then? A Christmas Story does not try to tell the tale of a Christmas miracle or use Christmas magic to move the story. What it does do though is tell the real story of Christmas. It is relatable and brings out the unmatched excitement of children on Christmas in everyone who watches. Every one becomes a child again when they watch "A Christmas Story."

Keep Reading...Show less
student thinking about finals in library
StableDiffusion

As this semester wraps up, students can’t help but be stressed about finals. After all, our GPAs depends on these grades! What student isn’t worrying about their finals right now? It’s “goodbye social life, hello library” time from now until the end of finals week.

1. Finals are weeks away, I’m sure I’ll be ready for them when they come.

Keep Reading...Show less
Christmas tree
Librarian Lavender

It's the most wonderful time of the year! Christmas is one of my personal favorite holidays because of the Christmas traditions my family upholds generation after generation. After talking to a few of my friends at college, I realized that a lot of them don't really have "Christmas traditions" in their family, and I want to help change that. Here's a list of Christmas traditions that my family does, and anyone can incorporate into their family as well!

Keep Reading...Show less
Student Life

The 5 Phases Of Finals

May the odds be ever in your favor.

1848
Does anybody know how to study
Gurl.com

It’s here; that time of year when college students turn into preschoolers again. We cry for our mothers, eat everything in sight, and whine when we don’t get our way. It’s finals, the dreaded time of the semester when we all realize we should have been paying attention in class instead of literally doing anything else but that. Everyone has to take them, and yes, unfortunately, they are inevitable. But just because they are here and inevitable does not mean they’re peaches and cream and full of rainbows. Surviving them is a must, and the following five phases are a reality for all majors from business to art, nursing to history.

Keep Reading...Show less
Student Life

How To Prepare For The Library: Finals Edition

10 ways to prepare for finals week—beginning with getting to the library.

3142
How To Prepare For The Library: Finals Edition
Photo by Clay Banks on Unsplash

It’s that time of year again when college students live at the library all week, cramming for tests that they should have started studying for last month. Preparing to spend all day at the library takes much consideration and planning. Use these tips to help get you through the week while spending an excessive amount of time in a building that no one wants to be in.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments