Asked by Hunter Kinnett on May 27, 2024
Verified
Legally classified,a ______ corporation must publish a report annually to demonstrate the material positive benefit it has had on society and the environment.
A) B
B) nonprofit
C) benefit
D) traditional
B Corporation
A certification awarded by B Lab, earned by a company’s rigorous adherence to social responsibility and sustainability.
Social Environmental Impact
The effect that activities and behaviors have on the social fabric and environment, encompassing both positive contributions and negative damages.
- Acquire knowledge about the concept and relevance of corporate social responsibility (CSR).
Verified Answer
EC
Elisha ChopraMay 29, 2024
Final Answer :
C
Explanation :
A "benefit corporation" is a type of corporation that is legally required to meet certain standards of social and environmental performance, accountability, and transparency. One of these requirements is to publish an annual report that outlines the positive impact the company has had on society and the environment.
Learning Objectives
- Acquire knowledge about the concept and relevance of corporate social responsibility (CSR).
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