The local and international track record of social investment funds and social impact bonds is far from convincing. A better-resourced public sector would be a simpler solution.
My understanding is that in the US (and around the world), B corps are not some thing listed in the laws if the country. It’s a for profit company that has been certified by the non-profit B Lab as having a high social impact score. NZ does have certified B Corps and our company laws don’t prevent this interpretation of shareholder value.
There’s an actual legal entity that can be set up in many US states called a benefit corporation, to my knowledge such a thing does not exist in NZ.
My understanding is that in the US (and around the world), B corps are not some thing listed in the laws if the country. It’s a for profit company that has been certified by the non-profit B Lab as having a high social impact score. NZ does have certified B Corps and our company laws don’t prevent this interpretation of shareholder value.
There’s an actual legal entity that can be set up in many US states called a benefit corporation, to my knowledge such a thing does not exist in NZ.