Why Companies Are Becoming B Corporations

Digital Article

Suntae Kim, Matthew J. Karlesky, Christopher G. Myers, Todd Schifeling
Harvard Business Review, 2016 Jun

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APA Click to copy
Kim, S., Karlesky, M. J., Myers, C. G., & Schifeling, T. (2016). Why Companies Are Becoming B Corporations. Harvard Business Review.

Chicago/Turabian Click to copy
Kim, Suntae, Matthew J. Karlesky, Christopher G. Myers, and Todd Schifeling. “Why Companies Are Becoming B Corporations.” Harvard Business Review (June 2016).

MLA Click to copy
Kim, Suntae, et al. “Why Companies Are Becoming B Corporations.” Harvard Business Review, June 2016.

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@article{suntae2016a,
  title = {Why Companies Are Becoming B Corporations},
  year = {2016},
  month = jun,
  journal = {Harvard Business Review},
  author = {Kim, Suntae and Karlesky, Matthew J. and Myers, Christopher G. and Schifeling, Todd},
  month_numeric = {6}
}

The landscape of American corporations is changing. Since the financialization of the economy in the late 1970s, corporate governance practices have tightly linked the purpose of business with maximizing shareholder value. However, as the 21st century pushes on, there has been an increased emphasis on other stakeholder values, particularly social and environmental concerns. This trend in corporate governance – which has led to the growth in “triple-bottom line” thinking – has fueled the emergence of a new organizational form: the Certified B Corporation.