B Corporations In Different Forms

SOCAP11 (Social Capital Markets 2011) brought together a confluence of people, ideas, and dialogues from around the social innovation sphere. It was especially interesting to hear about various corporate forms that social ventures had decided on.I had a chance to talk with Blake Jones towards the end of Day 2 of SOCAP11. We had both attended the same breakout session on benefit corporations earlier in the day.

His company, a b corporation, is also a cooperative.

Meet Blake

Blake co-founded, Namaste Solar, a B corporation based in Colorado. (Reminder: B corporation is a voluntary certification, benefit corporation is a new corporate form for social innovation that has passed/is being introduced in various states. You can read more about the differences between B corporation and benefit corporation)

Here is a quick interview with Blake explaining what Namaste Solar does and why and how they decided to pursue the B corporation certification.

Watch the Interview

 

More About Namaste Solar

Namaste Solar is an employee-owned cooperative that installs solar systems in homes and businesses.

Namaste Solar is proud to be a B corporation and exists to benefit all of its stakeholders, including community and environment.

They may be looking for impact investors in the future.

Follow SOCAP11 Coverage

You can read posts about this year’s conference by clicking on the SOCAP11 tag on Innov8Social. Following up on tweets from from SOCAP11 is also possible by following @innov8social on Twitter and searching #SOCAP11 for all related tweets.

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2 replies
  1. evolne
    evolne says:

    I really like what he said, "We exist not just to maximize profits, we exist to benefit all of our stakeholders." I feel that we need more of this attitude in business.
    This sparked a thought in my mind though, that competitors are stakeholders. I am curious, does Namaste Solar hope to influence electrical companies to do go into the environmentally sustainable solar panel business? This would be nice to see, but I what I really wonder is, are we ready for that?

    Reply
  2. feed in tariff
    feed in tariff says:

    I really hope they don't end up like Solyndra. I see a lot of potential here. This type of attitude, as you mentioned, is what we need more of. I also see this attitude as the one we'll need to get this solar energy industry over the top.

    Reply

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