ELI5: Explain Like I'm 5

Benefit corporation

A Benefit Corporation is a type of company that exists to make money for its shareholders, but also to make a positive difference in the world. They have higher standards for social and environmental performance, accountability, and transparency than traditional corporations. This means that they put people and the planet ahead of profits. They must report on their progress in these areas, and their performance is monitored by a third-party.