WE ARE THE FIRST ESTATE AGENCY IN ITALY TO OBTAIN B CORP® CERTIFICATION
What is a B Corp?
Benefit corporations (B Corps) are quickly gaining popularity, becoming a global movement counting more than 3,200 businesses in over 150 industries and 70 countries. B Corp certification is issued by B-Lab, an international non-profit organization which carries out rigorous assessments on the social and environmental performance of a company.
B Corps are companies that have chosen to use their business as a positive force for change in society. Looking beyond mere profit, they have redefined their business priorities, choosing to focus on the well-being of people, social cohesion and the regeneration of natural environments. To learn more, please visit the B Corp section.
During the course of our certification process, which lasted over a year, we adopted the legal status of benefit corporation.
What is a Benefit Corporation?
‘Benefit corporation’ is a business category recognized by law since 2015 in Italy (the first country in Europe and second in the world to do so, after the USA). It is an evolution of the very concept of what a company is.
While traditional enterprises exist for the sole purpose of distributing dividends to shareholders, benefit corporations have the scope of positively impacting society and the environment in addition to earning profit.
So, it isn’t a matter of ‘social entrepreneurship’ or the evolution of a non-profit, but rather a positive transformation of profit-oriented business models, marking a transition from shareholder capitalism to stakeholder capitalism.
Benefit corporations receive no tax breaks or other financial exemptions, so that, in addition to being beneficial for society, they don’t become a burden to taxpayers. To learn more, please visit the benefit corporation section.
Click here and read the press review.