188 karma · joined September 30, 2015
Though I don't disagree that lots of well-intentioned humans could be a path to moderation that works.
1. Your intro appears a bit misleading in that because 'Certified B-Corp' is just a certification issued by a private entity, companies are 'legally required' to do those things only to the extent that they are 'legally required' to abide by any contractual agreements with the certification entity and any language they put in their bylaws (e.g. to obtain the certification). That's it. Doing the specific things you say is not 'legally required' in the same sense as you are 'legally required' to pay your taxes. Now - some jurisdictions around the world do have laws creating the figures of 'Benefit Corporations' and specifying what they are legally required to do (in the same sense as paying their taxes).
2. In a global context, the US is an outlier in its cult of shareholder primacy and fiduciary duty. So much so that I read that in US jurisdictions, the reasoning for Benefit Corp legislation is to protect management in case any of these 'good deeds' are viewed as deliberately failing to maximize shareholder value. Frankly that seems a bit far-fetched unless there is something demonstrably egregious or shareholders are being misled (you don't see shareholders suing over companies going carbon-neutral, offering employees snacks or refraining from price-gouging). But, in any case, in other countries it is acceptable and even expected (in a few it might even be required) for companies in general to benefit various classes of stakeholder - customers, employees, etc.
3. B-Corp Certification doesn't really have many hard & clear requirements - it's that fluffy language + audits. Frankly, sounds like a recipe for bureaucracy.
4. I had come to the exact same conclusion as another commenter here - that if your objective is to be part-for-profit-part-do-gooder, you'd be much better-off having an objective target. E.g. 10% of net profit will be given to charity. That would just plug into your regular financial audit (and above that, you could have someone just checking to make sure the charities aren't related parties or fronts for cost-centres). If it helps, you could have NGO's promoting and certifying this type of company too like for B-Corps. My suggestion would be T-Corp as in T for Tithe, though I wonder whether the Christian connotations might put people off.