Poetry Is a Pending B-Corp
What is a B-Corp you ask?
A B-Corp, or Benefit Corporation, is a for-profit company that has been certified by B-Lab to meet high standards of the following:
Social and environmental performance
B-Corps consider the impact of their business on the air, climate, water, land, and biodiversity. They also consider how their business contributes to the economic and social well-being of the communities they operate in.
Transparency
B-Corps are held accountable for their actions and are transparent about their business practices.
Ethical business practices
B-Corps have a governance structure that includes all stakeholders, not just shareholders. The certification process for B-Corps is holistic and rigorous, and varies in complexity depending on the company size.
B-Corps go through a B-Impact assessment that evaluates five areas: governance, workers, customers, community, and environment. They receive a score in each area, and if they score over 80 points overall, they can apply to become a full B-Corp.
Some examples of B-Corps include Patagonia and Ben & Jerry’s.
There are only 30 B-Corporations in Illinois.
Poetry stands firmly with B-Corp, fully committed to meeting the highest standards of social and environmental performance, transparency, and accountability that balance profit and purpose, by providing benefit to all stakeholders, including workers, communities, customers, and Earth. We choose to make the world a better place, now!
We invite you to be a part of our effort to create a better world together.
Visit Poetry’s Chicago Showroom on the 1st floor of the Merchandise Mart, an LEED Gold Building.
***Poetry supports Chicago’s Poets and Patrons, a nonprofit organization, serving the Chicagoland area with education, poet development and support, and public poetry readings by a variety of exciting poets.
By Alison Mitchell