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Benefit Company

BEING A BENEFIT CORPORATION:

FOR PROFIT AND FOR THE COMMON BENEFITION

The concept of enterprise has changed; now, wealth and well-being, together with social and environmental balances, depend on company decisions. Companies must take care of their interests and act for the benefit of stakeholders. Getting the status of Benefit Company (SB or Benefit Corporation) allows you to do just that.

We assist companies that wish to become a Benefit Company or transform their structure into a Benefit Corporation, guiding them through each phase, from identifying shared goals to creating the impact report and external communication of the created Benefit Company.

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The Benefit Company is a legal form of enterprise that distinguishes itself from traditional corporate forms because it pursues several purposes: economic objectives and public utility purposes. All companies can become benefit companies, except non-profit organizations.

Objectives

The profit is accompanied by the purposes of common benefit (e.g. policies in support of employees’ family members, support for social, environmental initiatives, etc.). They shall be indicated in the statutes or articles of association. They can be connected to the production process or have a general character.

Obligations

The Benefit Company is required to comply with three elements: purpose, accountability and transparency. Indeed, they are obliged to:

  • Indicate the purposes of public utility in the social object;
  • Nominate a business impact manager;
  • Draft the annual impact report to be attached to the budget.

WHAT BENEFIT SOCIETY MEANS

THE ADVANTAGES

This innovative form of enterprise is recognised by Italian law and in many countries around the world, including 38 States of the USA, Canada, Colombia, Ecuador, France, Peru, Puerto Rico and Rwanda. In Italy, around 1000 companies have already adopted this model.

Why choose to become a benefit company?
The reasons that push companies, both new and already established, towards this direction are multiple, including:

Stability

The legal nature of SB guarantees the protection of the corporate mission in the long term, resisting crises, generational changes or sales. This also strengthens relations with credit lines.

Sharing

The aims of common benefit allow us to become part of a community that shares the same values, that is to generate profit, but respecting the planet and society.

Interest

Action for the positive impact of benefit companies attracts shareholders and investors, increases access to finance, improves brand credibility, conquers young talents.

Control

The mandatory reporting activity of SB allows you to improve your performance, to compare them with those of other companies, to optimize the management and business costs.

Planet, people, profit
Make a choice of value and success

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We perform second and third-party verification and certification activities in standards: quality, environment, health and safety at the workplace and other recognised standards.

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