29
2012
What Would Adam Smith Say?
A post by James V. Toscano The headline reads: “A Scoop of Social Responsibility: Ben and Jerry’s the B Corp” The NonProfit Quarterly’s Nonprofit Headlines goes on to report that Unilever’s Ben and Jerry’s Ice Cream Company is the first sub of a publicly traded corporation to be certified as a B corporation. And what is a B Corporation? The B Corporation website is quite explicit: “B Corp certification is to sustainable business what Fair Trade certification is to coffee or USDA Organic certification is to milk. B Corps are certified by the nonprofit B Lab to meet rigorous standards of…
09
2012Social Impact Bonds
A post by James V. Toscano A new report sponsored by the Rockefeller Foundation, A New Tool for Scaling Impact: How Social Impact Bonds Can Mobilize Private Capital To Advance Social Good, gives an interesting boost to the British idea of infusing private capital into projects that have a societal return, with repayment based on the success of the project. In the introduction to the report, Judith Rodin, Rockefeller Foundation president states: “Social Impact Bonds have the potential to substantially transform the social sector, support poor and vulnerable communities, and create new financial flows for human service delivery by offering…