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

Gitxsan forming cross-sector salmon management team

Nation again declares closure of fishery in territory for 2019

Editorial: The Speaker shouldn’t be an MLA

Time to re-evaluate the Speaker position

Column: condition of cows after winter feeding

The protein content of winter feed is important, says rancher David Zirnhelt

Concept designs for Vanderhoof’s new CNC campus unveiled

Community was invited to provide feedback at a public engagement session Dec. 6

It’s the last day to vote in B.C.’s referendum on electoral reform

Ballots must now be dropped off in person to meet the deadline of 4:30 p.m.

VIDEO: This B.C. school leads country in vaccine donations to UNICEF

Federally funded Kids Boost Immunity uses quizzes to earn vaccinations

In Canada, the term ‘nationalism’ doesn’t seem to have a bad rap. Here’s why

Data suggest that Canadians don’t see the concept of nationalism the way people do in the United States

Small quake recorded west of Vancouver Island

No injuries or tsunami warning after 5.4 rumble felt some 400 kilometres from Victoria

B.C. suspends Chinese portion of Asian forestry trade mission due to Huawei arrest

Huawei’s chief financial officer Meng Wanzhou was detained at the request of U.S. in Vancouver

Canadians spent $1.7 billion dollars online in December 2017

Online retail sales accounted for 3.4 per cent of total retail sales

2-year investigations nets $900,000 in refunds for payday loan customers

Consumer Protection BC says selling practices were ‘aggressive and deceptive’

China: Canada’s detention of Huawei exec ‘vile in nature’

Huawei is the biggest global supplier of network gear for phone and internet company

1 of 2 B.C. men wanted in connection to home invasion, explosives in custody

Cameron Cole is charged with two counts of possessing an improvised explosive device

Judge rules private landowners can’t block public access to B.C. lake

The Nicola Valley ranch’s position was that it owned Stoney Lake and Minnie Lake

Most Read