There is a profound shift underway in how capital markets value companies. So if you’re an investor, what do you need to know?
In partnership with Patagonia and wealth advisory firm Caprock, the Yale Center for Business and the Environment has released a new publication to answer this question. Entitled “Just Good Business: An Investor’s Guide to B Corps,” this report explores the distinct financial value offered by Certified B Corporations and Benefit Corporations.
"B" designations, created and overseen by the nonprofit B Lab, offer a certification program and legal framework by which companies can fold social and environmental impacts into their bottom line.
The B Corp movement is, to me, a product of a general improvement in our understanding of economic behavior. Through greater appreciation of the real motives that drive and excite people, B Corporations provide a significant new opportunity for investors. I think they could make more profits than any other types of companies, and this guide helps investors understand why.
—Robert Shiller, Sterling Professor of Economics, Yale University and Nobel Laureate
"Investors Weigh the Value of B Corp Certification" - Impact Alpha
"Ideas Worth Teaching" - Aspen Institute Business and Society
"The Value of B Corps: What Investors Need to Know" - Social Good News
"The impact of being a purpose-led business" - Grand Rapids Business Journal
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The Yale Center for Business and the Environment
The Yale Center for Business and the Environment provides a platform for generating, incubating and launching innovative action at the intersection of business and the environment. The Center joins the strengths of two world-renowned graduate schools—the Yale School of Management and the Yale School of Forestry & Environmental Studies—together with an extensive network of internal and external thought leaders at the business- environment interface. Driven by student interest, we develop partnerships with a wide range of actors across Yale (students, faculty, staff) and in the professional world (alums, companies, NGOs, governments). Our work covers finance, entrepreneurship, marketing, operations, and strategy on issues involving energy, water, carbon, food, natural areas and society.
Founded by Yvon Chouinard in 1973, Patagonia is an outdoor apparel company based in Ventura, California. A certified B-Corporation, Patagonia’s mission is to build the best product, cause no unnecessary harm, and use business to inspire and implement solutions to the environmental crisis. Since 1985, Patagonia has dedicated 1 percent of sales each year to environmental causes.
The Caprock Group is a wealth advisory firm engineered for the 21st century, offering both an innovative approach to conventional investing as well as a market-leading platform in sustainable, responsible and impact investing. In so doing, Caprock blends deep investment experience with unconventional investment strategies to future-proof their client’s lives: re-thinking wealth from the ground up. Advising on over $3 billion in family, foundation and philanthropic capital, the firm features regularly in the world’s leading financial media, is a founding B Corp and is proud to have been honored as one of only three companies in the world to earn B Community “Best for the World” status in three categories: Employees, Customers and Changemakers.