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

Preliminary inquiry set for man accused of killing Belgian tourist

Sean McKenzie charged with killing Amelie Sakkalis, 28 on Aug. 22 near Boston Bar

Are Chilliwack gas prices too high? Some say yes

The amount at the pumps has locals fuming over what they say are too-high gas prices

Around the BCHL: Chilliwack Chiefs snag spot in CJHL national rankings

Around the BCHL is a look at what’s happening in the BCHL and the junior A world.

Mental health first aid course comes to Chilliwack

The two-day course will take place at the Coast Hotel on Nov. 1 and 2 from 8:30 a.m. until 4:30 p.m.

Mental fitness questioned of man charged in Chilliwack River Valley shooting

Peter Kampos told his lawyer ‘his dreams are being stolen and turned into drugs’ at Surrey Pre-trial

‘She’s charging. Oh God’: Mama grizzly runs at B.C. man armed with shotgun

People online were quick to question – and defend – a man’s decision to shoot a grizzly bear charging him on a Bella Coola front yard

Red Sox beat Dodgers 8-4 in Game 1 of World Series

Benintendi has 4 hits as Boston cruises at Fenway

Lower Mainland boy has bike and prosthetic arm stolen

Bike has been recovered, but arm still missing

Canada announces $20M fund for women entrepreneurs

New federal program will provide up to $100,000 for female business owners to grow their operations

Vancouver Island man claims falling ice smashed his truck windshield

Man discovered volleyball-sized chunk ice on his truck Saturday, near Nanaimo, B.C.

B.C. veteran combats PTSD in the ring and on the farm

Cam Tetrault is a valuable contributor at Quesnel’s Two Rivers Boxing Club

B.C. vegan butcher to appear on Dragons’ Den

Victoria’s Very Good Butchers will star in Nov. 29 episode

Vancouver mom creates screen-free kids’ entertainment

Luna Cheng, who grew up in Langley, is one of the creators of BoredBox.

Fast ferries from B.C. spotted in Egypt

Controversial aluminum BC Ferries vessels ’big white elephants covered in dust,’ eyewitness says

Most Read