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C1.1 Do Good

Requirement

C1.1.1 - Purpose

Describe how the fundamental business’s activities help build a better world. BCSI accredited benefit corporations shall operate to achieve a double bottom line or in some cases a triple bottom line. One measure of accountability will be financial or economic performance which must be achieved in order to survive. In addition, benefit corporations shall be accountable to a social OR environmental purpose, which is defined as a double bottom line. Some benefit corporations may further be accountable to both a social AND an environmental purpose, which is defined as a triple bottom line benefit corporation.

For purposes other than economic, describe quantitative measures of success or accountability defined for the business that help achieve its environmental and/or social purposes.

Provide justification for business activities such as tobacco, alcohol, drugs, firearms, pornography, gambling and other activities that are either illegal or generally considered to be vices.

C1.1.2 - Commitment

The social and/or environmental  purpose(s) shall be funded, as described in this Section C1.1, at a level at least equal to 1% of the annual revenues, or 5% of the annual profit, whichever is greater.  This requirement may be met through documented (1) direct cash contributions, (2) donations in kind, or (3) in the form of paid time off for employees of the company to volunteer for the social and/or environmental causes of the benefit corporation.

C1.1.3 – Mission Statement

The mission statement of the organization shall include a commitment to its double or triple bottom line, and shall be approved by the highest governing body of the organization. 

Applicability Applies to all businesses.
Documentation

The AA Report shall include statements directly and clearly addressing the requirement, including a summary of the actual dollar value of contributions to social and/or economic   purposes.

Philanthropic organizations directly associated and funded by the benefit corporation may be combined with the benefit corporation when demonstrating compliance with this criterion.

Resources

Eggers, William D. and Paul MacMillan, The Solution Revolution, How Business, Government and Social Enterprises Are Teaming Up to Solve Society’s Toughest Problems, 2014.

For samples of volunteer time off policies, see www.efnt.org/Resources/ef-resources.../Sample-VTO-Policies.doc

A sample community engagement policy for a large corporation is available here: http://www.carlsberggroup.com/csr/ourfocusareas/Community_engagement/Doc...