Make the pledge to Put Buffalo First!
|
|
Benefit CorporationsBuffalo First is proud to announce that on midnight on December 13th, 2011 a law was enacted creating benefit corporations, a new class of corporations required to create benefit for society as well as shareholders. Unlike traditional corporations, benefit corporations are required to create a material positive impact on society and the environment; consider how decisions affect employees, community and the environment; and publicly report their social and environmental performance using established third-party standards. Continuing a national trend of strong bi-partisan support for benefit corporation legislation, the New York bill (S79-A and A4692-A), sponsored by Senators Daniel Squadron (D-25) and Assembly Speaker Sheldon Silver (D-64) and co-sponsored by William Larkin (R, C-39), passed both houses of the New York legislature unanimously. Benefit corporations, the brainchild of B Lab, fill the need for environmentally and socially conscious businesses to lead the way to a more sustainable future for our economy. The idea is that when companies have a legal responsibility to all relevant stakeholders -- not only shareholders, but also employees, consumers, the environment and the community -- their impact is strikingly more positive, and even more profitable.
B-Corps NewsNY Law Creates New Kind of CorporationPublished by B LabDecember 13, 2011 Albany, NY: At midnight last night a law was enacted creating benefit corporations, a new class of corporations required to create benefit for society as well as shareholders. Read the full article
New legislation opens state to benefit corporationsBy Maryellen TighePublished by The Buffalo News June 29, 2011 Companies looking to pursue something other than the bottom line will soon have another option in New York State. Legislation creating benefit corporations was passed by the State Legislature on June 17 and is awaiting Gov. Andrew M. Cuomo’s expected signature. Read the full article
New York State Senate and Assembly Pass Benefit Corporation LegislationBy Andrew DelmontePublished by Buffalo Rising June 28, 2011 Buffalo First! is proud to announce the passage of legislation allowing for Benefit Corporations in New York State. The measure was passed by the New York State Senate (bill S79-a, 62-0) on June 16, 2011 and by the New York State Assembly (bill A4692-a, 139-0) on June 17, 2011. The bill has been sent to Governor Andrew Cuomo. Read the full article
|
 Business Impact AssessmentA FREE new service for local businesses and Buffalo First! members: the BIRS - Business Impact Assessment Survey What is the B Impact Assessment?  Figure 1 - Sample Survey Why should my business take it? How will the B Impact Assessment help my business?  Figure 2 - Sample Results How will this partnership help Buffalo First? Do I have to become a B-Corporation to be a Buffalo First! member?
|
