WE ARE A BENEFIT CORPORATION AND THE FIRST ESTATE AGENCY IN ITALY TO OBTAIN B CORP® CERTIFICATION
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.
What is a B Corp®?
Benefit Corporation is a global movement that currently includes over 4088 companies operating in more than 153 industries and 77 countries around the world. B Corps are companies that have chosen to use their business as a positive force for changing 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.
Instead of being 'the best in the world', B Corps strive to be "the best for the world".
To be certified, companies must undergo a rigorous 300 questions assessment and verification process carried out by B Lab, the US non profit organization that issues the certificate, in order to prove that they meet strict social responsibility, environmental performance and transparency standards.
Italy is second only to the US in terms of certifications issued, with more than 123 companies that have managed to meet B Lab's strict standards.
For all B Corps, success depends not only on what they do in their business, but also on what good they inspire others to do. For this reason, B Corps aim to share their experience so that others choose a socially responsible and clean business model.
Please click here to view a video introducing B Corp's world.
