benefit corporation

Becoming a Benefit Company in BC

Becoming a Benefit Company in BC

Benefit Companies under the BCBCA are for-profit corporations that operate in a responsible and sustainable way, using their profits as a means to benefit their employees, communities and the environment. A Benefit Company balances the goals of profit generation and social impact. Benefit Companies have these two goals embedded into the key documents that form the corporation – the corporation’s “DNA” – and these goals guide the operation of the corporation.

Benefit Companies must commit to one or more “public benefits”, choosing from the following: artistic, charitable, cultural, economic, educational, environmental, literary, medical, religious, scientific, or technological.

To achieve B Corp certification in Canada, corporations must amend their articles of incorporation to demonstrate their new social commitments. Articles must include language outlined on Page 2 of this document. Companies have until one year after B Corp certification to complete this process.