Pepperdine’s Geoffrey H. Palmer Center for Entrepreneurship and the Law presented a panel discussion titled B-Lab: Harnessing the Power of Business to Solve Social and Environmental Problems on Thursday, March 3 in the Mendenhall Appellate Courtroom.
The event featured B-Lab cofounders Andrew Kassoy and Jay Coen Gilbert and included topical overviews of the B Corporation certification process, the benefit corporation legal entity, and the GIIRS investment rating system, followed by a Q&A session with B-Lab cofounders.
Using business to solve social and environmental problems, the B Corporation is a new sector of the economy that meets rigorous and independent standards of social and environmental performance, accountability, and transparency. With a legal structure that expands corporate accountability, B Corporations are required to make decisions that are good for society at whole, and not just their shareholders. Similarly, the performance standards of a certified B Corporation enables consumers to support businesses that align with their values, encourages investors to drive capital to higher impact investments, and helps governments and multinational corporations implement sustainable procurement policies.
The Palmer Center for Entrepreneurship and the Law at Pepperdine, endowed by 1975 law alumnus, Geoffrey H. Palmer, is designed to prepare students for the heightened demands and unique opportunities that technology presents in such areas as business, entertainment law, securities regulation, and intellectual property rights. With a diverse curriculum, the center offers a multidisciplinary certificate program that integrates the study of law, business, and technology, preparing each student to be a hybrid of lawyer, business consultant, and financial strategist.
Learn more about the Palmer Center.