Publicly Traded B Corps (2024)

FAQs

Publicly Traded B Corps? ›

Current publicly traded Benefit Corps in the US are:

Vital Farms (recent IPO of PBC) Lemonade Insurance (recent IPO of PBC)

Current publicly traded Benefit Corps in the US are:

Vital Farms (recent IPO of PBC) Lemonade Insurance (recent IPO of PBC)

Out of the more than 5,000 B Corps around the world, about 30 are currently publicly traded companies listed on the stock exchange.

A B Corp is a certification provided to eligible companies by the nonprofit, BLabs. A Public Benefit Corporation is an actual legal entity that bakes into its Certificate of Incorporation a “public benefit”.

Yes! There are many publicly-traded Certified B Corporations around the world. Check out the B Corp Directory to learn more.

Tesla, while not being a B Corp, shares all the ethos of one. It is upending the automotive and home energy world so it clearly qualifies as transformative. However if it not for its founder Elon Musk's PayPal millions early on, the business would not be here today.

We are a certified B Corporation, which is recognized as the highest standard for social corporate responsibility.

B Corp meaning – explained

It was originally derived from “benefit corporation”, a type of US corporate structure, but B Corp means many things to many people.

What state has the most B Corps? ›

The U.S. States With the Most B Corporations

Not only is California leading the way in B Corporations, they also have more than double the amount of Certified B Corporations as the second state in the ranking.

Purpose of a B Corp

The main purpose of a B Corporation is to promote social and environmental change through positive business practices. B Corps work to reduce inequality, lower poverty levels, create more sustainability for our environment, and build stronger communities.

Complete the B Impact Assessment by answering a series of questions about your company's practices and outputs across five categories: governance, workers, community, the environment, and customers.

How does the “B” designation change that? Well, there's a difference between Nike using recycled materials to create its attire and Nike becoming a Certified B Corporation or Benefit Corporation.

According to the U.S. Small Business Administration, a B corp is a for-profit corporation recognized by the majority of U.S. states that are driven by both mission and profit. Shareholders hold the company accountable to produce a financial profit as well as some sort of public benefit.

Paul Polman, Unilever — United Kingdom

Other large multinationals, such as Anheuser-Busch, the Campbell Soup Company, Coca-Cola, Group Danone, the Hain Celestial Group, Nestlé, Procter & Gamble, Rakuten, SC Johnson & Son, and Vina Concha y Toro have acquired Certified B Corp subsidiaries in recent years.

Benefit corporations are not tax-exempt, like non-profits, because they are still for-profit entities. A benefit corporation will still be taxed as an S or C Corp, or alternative pass-through entity where applicable.

B Corp Certification lasts for three years. After three years, a company must recertify by completing the BIA again and submitting it for review to B Lab. The performance standards also get updated every three years.

FAQs. How many Certified B Corps are there around the world? There are currently over 6000 Certified B Corporations in more than 80 countries and over 150 industries. Head to our homepage to see the latest statistics about the B Corp Movement.

What is B Corp brands? ›

B Corp Certification is a designation that a business is meeting high standards of verified performance, accountability, and transparency on factors from employee benefits and charitable giving to supply chain practices and input materials.

Nestlé Health Science US - Certified B Corporation - B Lab Global.

Since 1995 it has been associated with DDI- Development Dimensions International- a top company in the US in people development, which has offices in 27 countries and programs translated into 17 languages. Target DDI has a high commitment to quality, being certified in ISO 90 01:2008; NCH2 2728 and as a B Corporation.

The data: B Corp is viewed as one of the most trusted and rigorous certifications, particularly by those who were aware of it prior to taking the survey – 88% view the standards as somewhat or very/extremely rigorous.

Certified B Corps tend to outperform their competitors in both ESG and business performance, seeing an impressive turnover growth of 26% between 2017 & 2020, compared to a national average of 5% (B Lab, 2021).

Patagonia Works - Certified B Corporation - B Lab Global.

Whole Foods is not a B Corp and I often wonder if we had been would we have been able to use the B Corp to help us fight off the shareholder activists–that's not been tested yet, but I guess it eventually will be.

B Corp certification is conferred by B Lab, a global nonprofit organization with offices in the United States, Europe, Canada, Australia and New Zealand, and a partnership in Latin America with Sistema B.

Can PBCs go public? Yes, the PBC form was designed to protect the mission of a company when it goes public.

Additionally, almost all C corporations are publicly traded companies. The difference between a C corporation and other structures, such as an S corporation or a limited liability company (LLC), is that C corporations are required to pay both federal and state taxes.

Are C Corps publicly traded? ›

The main benefit of a C corporation is that it can be a publicly traded company. If your company is going to grow to become a huge entity and expand internationally (as well all hope it does), you will probably want it to be publicly traded.

About Wawa Inc Stock

Wawa, Inc., a privately held company, began in 1803 as an iron foundry in New Jersey.