B Corp Movement Profile in Brookings
The Brookings Institution, one of the USA's oldest nonprofit think tanks, released a paper last week on B Lab and the B Corp movement. Brookings conducts research and education in the social sciences, primarily in economics, governance, and global economy and development.
Authored by B Lab cofounders Jay Coen Gilbert, Bart Houlahan, and Andrew Kassoy, the paper is titled “Impact governance and management: Fulfilling the promise of capitalism to achieve a shared and durable prosperity.” In it, the B Lab cofounders tackle the cultural shift around the role of business in society, the opportunity—and necessity—for businesses to be a force for good, and the institutional and normative barriers in the way. The B Corp movement is profiled as one example of how legal innovation and credible, common standards can transform shareholder capitalism into stakeholder capitalism.
Download and read the paper in full on the Brookings Institute’s website.