How a Corporation Contributes to Society
Posted by AMS / Tuesday, January 23, 2018
Two months ago AMS celebrated having been granted B-Corporation status. It was natural for AMS to make the legal commitment to uphold the B-Corp standard, as the company has always done what a B-Corp does, which is care about more than just profit.
This is how AMS interprets our mission: “We work to create a principled corporate culture, recognizing that financial performance and growth are not goals unto themselves, but merely outcomes achievable through uncompromising attention to our customers, our organization, our community and ourselves.” The efforts we’ve made at supporting families and helping underemployed job-seekers in the community, educating and advancing employees and protecting the environment are a natural to us.
The article below expresses what we see as a changing climate in what the people, including ourselves, want of a corporation. Millions would like to see corporations committed to contributing to society, serving their clients and customers honestly and impeccably, protecting the environment, nurturing their employees and making financial profit.
This is a small portion of the referenced article with link to the full article below:
BlackRock’s Message: Contribute to Society, or Risk Losing Our Support
On Tuesday, the chief executives of the world’s largest public companies will be receiving a letter from one of the most influential investors in the world. And what it says is likely to cause a firestorm in the corner offices of companies everywhere and a debate over social responsibility that stretches from Wall Street to Washington.
Laurence D. Fink, founder and chief executive of the investment firm BlackRock, is going to inform business leaders that their companies need to do more than make profits — they need to contribute to society as well if they want to receive the support of BlackRock.
Mr. Fink has the clout to make this kind of demand: His firm manages more than $6 trillion in investments through 401(k) plans, exchange-traded funds and mutual funds, making it the largest investor in the world, and he has an outsize influence on whether directors are voted on and off boards.
“Society is demanding that companies, both public and private, serve a social purpose,” he wrote in a draft of the letter that was shared with me. “To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” READ MORE