Green Paper on Purposeful Businesses
La Foundation B Lab Spain, the driving force behind the B Corp movement in Spain, and the law firm Gabeiras and Associates They have presented the Green Paper on purposeful businesses, developed in collaboration with multiple actors in the impact ecosystem.
This presentation was the first step in promoting legal recognition of the purposeful economic and business model in Spain. A model of companies that, beyond generating economic benefits, seek above all to generate social and environmental value.
The current economic system, far from generating shared value, has concentrated profit and, as a consequence, has generated serious social imbalances and environmental damage. Faced with this situation, the Green Paper on purposeful companies calls for the creation of a legal figure, Benefit and Common Interest Companies (SBIC), which legally identifies and recognizes those companies that meet the most demanding standards in social, environmental, transparency and good corporate governance.
This legal recognition is essential to stimulate the development in Spain of a business model aimed at generating value for the entire society and the planet, beyond its own economic benefits.
This legal recognition is also intended to increase the transformative potential of the economy towards a just transition.
If you want to download the report you can click hither and find out more about purposeful companies within our blog.
