Benefit Corp Legislation Passes in Colorado
By Mindy Ricketts
First Affirmative joins The American Sustainable Business Council (ASBC) in applauding the passage of Benefit Corporation legislation in Colorado. This legislation makes Colorado the 15th state to allow its businesses to incorporate under the B Corp structure.
“Benefit Corporation legislation not only gives businesses the freedom and legal protection to pursue goals that benefit society and the environment, but it gives individual citizens something positive for which to advocate,” Richard Eidlin, ASBC Policy Director, said in a statement.
In order to become a Benefit Corporation, an organization must demonstrate accountability, transparency, and a “material positive impact on society and the environment.”
Steve Schueth, president of First Affirmative Financial Network and a director of the Alliance for Sustainable Colorado, testified on behalf of Benefit Corp legislation in February and asked the state legislature to keep Colorado on “the cutting edge of where business is going in the 21st century.”
First Affirmative is proud to be a certified B Corp and honored to have been involved in the legislative process in Colorado.
Posted: June 11, 2013