Andrew Weaver, MLA for Oak Bay-Gordon Head and Leader of the BC Green Party. (Keri Coles/Oak Bay News)

Andrew Weaver proposes bill to promote socially, environmentally friendly business

B.C. Green Party Leader said B.C. could be first province to offer new option

B.C. Green Party Leader Andrew Weaver says he plans to introduce legislation to give socially sustainable companies another option when incorporating.

Following a discussion with business owners in Vancouver on Wednesday, Weaver said he’ll table a bill that will allow businesses that meet certain social and environmental guidelines to incorporate and be known as as a “benefit company.”

Weaver said the government needs to do more to support businesses that carry a triple bottom line: people, profit and planet.

“Companies that pursue a triple bottom line are on the cutting edge of rethinking the role of business in the 21st century,” he said. “They know that acting in the best interests of people and the planet is the best way to build a thriving economy for the long-term.”

If passed, B.C. would become the first province in the country to offer this option. In the U.S., 33 states offer it already.

In B.C., companies can currently incorporate as a limited, unlimited liability or community contribution company.

Weaver is proposing that the province amend the Business Corporations Act to include the option for businesses, as long as they meet guidelines around transparency and public messaging that shares a focus on environmental and social sustainability.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Battling winter blues, depression and SAD after the holidays

Kick the blues on ‘Blue Monday’ that is supposedly the most depressing day of the year

Former Kelowna city manager downplays possible Costco move

Ron Mattiussi says if store leaves for Westside, another big box retailer will likely take the site

Rockets make NHL Central Scouting Bureau mid-season rankings

Lassi Thomson is the top ranked Rocket in the 14th spot

Super blood wolf moon fills Okanagan skies, to photographers’ delight

Photographers had a rare chance Sunday to capture a rare lunar eclipse

Find me my furever home: Mittens and Boots

Meet Mittens and Boots who are available for adoption at the Kelowna BC SPCA

Giuliani clarifies comments about Trump Tower Moscow project

Trump’s lawyer Rudy Giuliani clarifies comments he made

Teen in confrontation with Native American: I didn’t provoke

Nick Sandmann of Covington Catholic High School said he was trying to defuse the situation

Speaker brings report on allegations to B.C. legislature committee

Report describes Darryl Plecas’ suspicions about senior staff

B.C. man charged in 2014 snake venom death of toddler

Henry Thomas was taking care of the North Vancouver girl the day before she died

Man admits responsibility for 2016 death of Shuswap motorcyclist

Brian Watson, 60, died after being struck while riding his motorcycle on Squilax-Anglemont Road

Parole granted for drunk driver that killed BC RCMP officer

Kenneth Jacob Fenton will be able to attend alcohol abuse treatment, nearly three years after crash that killed Const. Sarah Beckett

Doug Ford says the Liberals’ carbon tax will plunge Canada into recession

The Ontario premier said there are already warning signs of difficult economic times ahead

Most Read