The Benefit Companies, in fact, are those Companies that voluntarily pursue, , beyond to making a profit, even one or more purposes of a common benefit, in the exercise of their business activity. By common benefit we mean the pursuit of one or more positive effects (which can also be achieved by reducing the negative effects) on people, communities, territory and environment, cultural and social assets and activities, associations and other stakeholders.
The Benefit Companies are also characterized by pursuing these purposes of common benefit in a responsible, sustainable and transparent way. A Benefit Company can become a B Corp when it accesses a voluntary certification.
Benefit Companies have a corporate purpose aimed to create a positive material impact on society and environment.
Benefit Companies are required to consider the impact of their decisions, not only on assets, but also on workers, communities and the environment.
Benefit Companies are required to make available to the public an annual report that assesses their overall social and environmental performance against a standard set by third parties.