Photo by Sofia Lurati, China Comprehensive Summer Program.
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Dragons is now a Benefit Corporation (B Corp)

Posted on

05/08/17

Author

Reed Harwood, Executive Director

Four months ago Dragons embarked on the path to become a B Corp. Short for Benefit Corporation, B Corps are leaders of the global movement of people using business as a force for good.

There are over 2,000 Certified B Corporations from more than 130 industries in 50 countries with 1 unifying goal – to redefine success in business. B Corps are important because they inspire all businesses to compete not only to be the best in the world, but to be the best for the world.

From the B-Corp website

  • Certified B Corporations meet higher standards of social and environmental performance, transparency, and accountability.
  • It’s like Fair Trade certification but for the whole business, not just a bag of coffee (or USDA Organic certification, but not just for a carton of milk; or LEED certification, but not just for a building).
  • The performance standards B Corps meet are comprehensive, transparent and verified. They measure a company’s impact on all its stakeholders (e.g. workers, suppliers, community, customers and the environment).
  • Unlike traditional corporations, Certified B Corporations are legally required to consider the impact of their decisions not only on their shareholders, but also on their stakeholders (e.g., workers, suppliers, community, consumers, and the environment).

Here’s a little video that explains it all nicely:

The process provided Dragons with the affirmation that our business has a strong and positive social and environmental impact. It also gave clarity on where we can improve as a business, and how we can more closely align our values with our business practices. And as of May of 2017,  Dragons officially became a legal Benefit Corporation!

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