Benefit Company Australia
What is it?
Benefit Company status is an opt-in legal framework designed for businesses that meet high standards of corporate transparency, accountability and purpose.
What are the benefits?
By reporting on social and environmental performance as well as the traditional financial indicators, companies give shareholders new information to better monitor not only their profitability but also their culture and ethical stance: as evidenced in their mission and actions.
What will change?
The proposed amendments will allow the option to intentionally and formally expand a company’s purpose and consider a general public benefit- enshrining the triple bottom-line of ‘profit, people and planet’.