Fourth Sector

The CivicMinded Companion

fourth sector - Corporations with a TRIPLE BOTTOM LINE (PEOPLE, PROFIT, PLANET): Profitable as well as beneficial to society (people) and the environment (planet). For-benefit businesses reinvest their profits to sustain their social mission rather than distribute dividends to shareholders. [for-benefit corporations, hybrid corporations, social enterprise, sustainable enterprise] >> SOCIETY BY SECTORS, SOCIAL INNOVATION

>> Connections <<

• Fourth Sector Network - "For-Benefits are a new class of organization. They are driven by a social purpose, they are economically self-sustaining, and they seek to be socially, ethically, and environmentally responsible."
  
  
  
• B Corporation ("B stands for beneficial") - "a new sector of the economy that harnesses the power of private enterprise to create public benefit."
  
  
  
• Social Enterprise Initiative, Harvard Business School - "engages with leaders in the nonprofit, for–profit, and public sectors to generate and disseminate practicable resources, tools, and knowledge with the ultimate goal of bettering society."
  
  
  
• Green MBA - "Dominican University of California’s MBA in Sustainable Enterprise is an engaging learning community where people with strong environmental and social values develop effective leadership capacities to advance economically successful, ecologically restorative, and socially just initiatives in any type of organization."