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How will California Support the Green Economy?

How will California Support the Green Economy?

California has the opportunity to become the state for socially and environmentally responsible businesses.

Governor Brown received Assembly Bill 361 today and will now determine how CA will support the green economy. The legislation, introduced by Assemblymember Jared Huffman (D-San Rafael), creates a new class of corporation, called Benefit Corporations, to legally allow businesses to pursue a material positive impact on society and the environment, while meeting higher standards of accountability and transparency.

Current corporate law makes it difficult for businesses to consider employee, community, and environmental welfare when making decisions, but new legislation would allow corporations to take all of those aspects into consideration. Benefit Corp legislation also requires more transparency, helping the public to more easily see through green-washed advertisements. California is at the heart of the sustainable business movement and needs this law to protect socially environmentally responsible companies and help them grow.

AB 361 was supported by over 200 California-based businesses and associations (including Care2). Similar legislation has already passed in Hawaii, Maryland, New Jersey, Vermont and Virginia. Now it’s California’s turn.

We need companies we can trust to do what’s best for everyone, not just their shareholders. Help pass CA Benefit Corp Legislation and sign the petition. Tweet, email and shout and we can create a movement for a better way to do business.

Want to support Benefit Corporation Legislation in other states? Please visit the petitions for New York and Michigan as well.

 

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28 comments

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3:40AM PDT on Sep 23, 2011

Awesome. Sad that we have to force companies to do this and think of the whole of the population of California, but if it will help companies reason and do good then implement it!

9:00AM PDT on Sep 5, 2011

Thanks

6:41AM PDT on Sep 4, 2011

hope it helps people make informed choices

8:40AM PDT on Sep 3, 2011

Hopefully it will be a good start & work.

5:52PM PDT on Sep 2, 2011

Thanks for the article.

1:27PM PDT on Sep 2, 2011

ty!

11:42PM PDT on Sep 1, 2011

This sounds good. It will be interesting to see how this develops. I wonder whether our economic system might need more fundamental changes.

4:12PM PDT on Sep 1, 2011

Thanks Katie!~

11:50AM PDT on Sep 1, 2011

Time is running out to plead with PRESIDENT OBAMA to stop the massive Keystone XL pipeline. The environmental consequences both immediate and potential are huge. Last week the state department approved the pipeline, so Obama needs as much push as possible to say "NO" to this 36-inch diameter pipeline! It's up to President OBAMA to stop this.

"The proposed pipeline threatens to pollute freshwater supplies in America’s agricultural heartland and grasslands with increased emissions in already-polluted communities of the Gulf Coast. The Keystone XL would cross Indian Country; States of Montana, South Dakota, Nebraska, Kansas, Oklahoma and Texas encompassing Indian-US treaty territories crossing water aquifers and rivers, grasslands, cultural sites and ecological sensitive areas. Leaks and spills are common occurrences from such pipelines that could result in disproportionate impact to Native Nations and thousands of tribal members. A spill from the Keystone XL poses an even greater threat, given that the pipeline would run directly through the Ogallala aquifer, which supplies one-third of our nation’s ground water used for irrigation, and drinking water to 2 million citizens."

Find a petition online through League of Conservation Voters or Credo or Sierra Club or here on Care2's petition link. This is too important to ignore. We need the President to prove he's on our side on this one especially!!! No time to waste -- let President Obama hear from you now --

2:49PM PDT on Aug 31, 2011

strange how we need a law to be apart of the green economy

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