A public benefit corporation (PBC) is a relatively new legal entity that has emerged in response to the increasing demand for corporations to prioritize social and environmental goods. Public benefit corporations are similar to traditional corporations in many ways, but with some key differences. It’s important first to define what a public benefit corporation is.
Ridgewood NJ, Female-owned startup Borobabi, America’s 1st circular retailerTM, is proud to announce it has incorporated as a Public Benefit Corporation and has earned its status as a Certified B Corporation®, or B CorpTM, joining a global movement of leaders that use, and redefine, business as a force for good. As a clothing company that rewards customers for re-circulating their sustainable children’s apparel brands through the company, Borobabi’s B CorpTM status publicly signals that the company is committed to making a profound environmental and social difference, safeguarding people and the planet, and meeting higher standards of transparency, performance, and accountability.
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