When Muhammad Yunus set about creating Grameen Bank in 1983 he asked ShoreBank for launch advice and help raising capital. By then ShoreBank had already been busy for the last 10 years revitalizing urban communities on Chicago’s South Side by funding development projects and providing small business and home loans to under-served, low to moderate income populations. Founded in 1973, ShoreBank […]
What Capitalism Can do for Do-Gooding Companies: B Corporation is Setting the Standard
Jay Coen Gilbert of B Lab, the non-profit that certifies and supports B Corporations, distinguishes between good companies versus good marketing, and how B Lab is supporting the broader social shift from green businesses to good businesses. What are B Corporations? B Corporations are a new kind of company that use the power of business […]
B Corporations
UPDATE: I interviewed Jay Coen Gilbert about B Corporation. Listen to the interview. Evidencing the growing field of social impact businesses, a scoring system now exists to denote and certify companies that use the muscle of business for public benefit. Introducing B Corporation, a modern day Good Housekeeping Seal of Approval for the socially minded […]