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BENEFIT CORPORATION


Benefit Corporation

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IT’S OFFICIAL!

Good Start Packaging officially became a registered Benefit Corporation in the State of New Hampshire. We're now awaiting certification to become a B Corp through the nonprofit B Lab.


We’re thrilled to share this news, and we’d love to take a minute to tell you exactly what it means.

WHAT IS A BENEFIT CORPORATION?

A Benefit Corporation is a business designation designed for for-profit entities that want to consider society and the environment in addition to profits in their decision-making.

When we became a Benefit Corporation, we amended our corporate charter to lay out specific goals and commitments toward feeding communities, advancing human rights, and protecting the planet, including investing at least 20% of profits in these causes.

Benefit corporations differ from traditional businesses in their purpose, accountability, and transparency requirements.

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PURPOSE

The purpose of a benefit corporation is to create a material positive impact on society and the planet. In contrast, the purpose of a traditional business is to generate a financial return for shareholders.

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ACCOUNTABILITY

Officers of a benefit corporation are required to take into account not only the interests of the business but the interests of the employees, suppliers, customers, community, and environment. Traditional businesses are accountable to shareholders only.

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TRANSPARENCY

Benefit corporations must use a third-party standard to prepare an annual report to shareholders that shares our social and environmental performance. Traditional businesses are not required to report on how they are, or are not, working to make the world a better place.

Good Start Packaging is excited to join a very small but growing list of forward-thinking organizations — like Patagonia and Warby Parker — that have become Benefit Corporations. More and more voices are rejecting the pursuit of profit above all, and we’re devoted to being among those taking a stand.

To all of our amazing clients who have helped us reach this milestone, we’re excited to keep working with you, helping you grow sustainable, successful businesses.

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