1. A “B Corporation” is Not a New Corporate Form
A “B Corporation” or “B Corp” is a certification mark – like a “Good Housekeeping” seal of approval or “LEED” certification. B Labs has done a very good job of creating a framework for companies to evaluate their business and operations on ESG factors and to then receive a score or ranking.
1. A “B Corporation” is Not a New Corporate Form A “B Corporation” or “B Corp” is a certification mark – like a “Good Housekeeping” seal of approval or “LEED” certification. B Labs has done a very good job of creating a framework for companies to evaluate their business and operations on ESG factors and to then receive a score or ranking. ...›
Four years after Delaware first enacted its Public Benefit Corporation (PBC) statute, the state has taken another step forward in advancing legal entity forms for social enterprises. In August 2018, Delaware added a new legal entity to its code: the Public Benefit Limited Liability Company, or PBLLC. ...›
What do boards need to know about sustainability ratings? Silda Wall Spitzer and John Mandyck discuss in the Harvard Business Review. Growing its education investments, Omidyar Network expanded its educational agenda to include investments in both early childhood and adult education programs. Canada announced a plan to ban single-use plastics by 2021 and introduce standards ...›
Generation Investment Management announced a newly closed $1 billion Sustainable Solutions Fund for growth investments. The fund will focus on investments in growth-stage businesses in three areas: 1) planetary health; 2) people health; and 3) financial inclusion. Nasdaq launched a new voluntary global environmental, social and governance reporting guide for public and private companies, which ...›
MoFo Impact’s Benjamin T.R. Fox will speak on “New Approaches to Aggregating Capital into the Impact Investing Space” at the annual Legal Issues in Social Entrepreneurship and Impact Investing conference, organized by NYU’s Grunin Center and the Impact Investing Legal Working Group. The session will cover the necessary legal and regulatory considerations related to help ...›
The Global Impact Investing Network launched IRIS+, a new tool for investors to measure, manage, and optimize the impact of their investments. The tool allows investors to identify evidence-based metrics relevant to impact goals and offers practical guidance on refining their investment strategies. Oklahoma became the 36th state to pass benefit corporation legislation, which goes ...›
Co-chair of MoFo’s Social Enterprise & Impact Investing Group, Suz Mac Cormac, will present on “The New Generation of Impact for Corporates” at the 2019 GSAM Bay Area Women in Treasury Event on May 15, 2019. She will discuss new corporate forms, methods to create impact, and enterprise risk management and sustainability. See more information ...›
On May 15, MoFo Impact will host a session of “Canadians Doing Good” at MoFo Palo Alto. The session, organized by nonprofit Digital Moose Lounge, will gather Canadian and Canada-friendly experts in the growing impact investment sector to discuss current trends and challenges, and share tips and insights from the field. MoFo Impact partner and ...›
MoFo Impact partner Alfredo Silva spoke at SXSW 2019 on “Mainstreaming Impact Investing” with impact investors from Omidyar Network, DBL Partners, and Goldman Sachs Asset Management. The panel explored what impact means to a variety of investors and described how fund structures, financing instruments, and corporate form can help advance environmental, social, and governance goals ...›
The difference between reaching and failing to meet financial goals during an impact investment can come down to the details behind how the funds are formed, according to Morrison & Foerster partner Susan H. Mac Cormac in the Law360 article “How To Make The Most Of Impact Fund Formation.” “People really need to be thoughtful when advising ...›
Suz Mac Cormac, chair of Morrison & Foerster LLP’s Social Enterprise + Impact Investing group, was extensively quoted in the Law360 impact investing article, “What To Know About PE’s Penchant for Impact Investing.” Impact investing has been around for quite a while, but the private equity industry’s involvement is a relatively new development. Normally focused ...›