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

British Columbia Rodeo Association releases tentative 2019 schedule

The BCRA season opens with the Williams Lake Indoor Rodeo April 26-28, comes to Quesnel July 19-21

Quesnel Women’s Resource Centre wins $500 for Deeds Well Done

There were 28 nominations to the campaign in Quesnel

Quesnel Thunder Peewees win silver at home

The host hockey team beat squads from Northwest District, Kamloops, Smithers and Prince George

Quesnel’s 27th annual Gold Rush Trail Sled Dog Mail Run attracting mushers from as far as Montana

Participantss will be sworn in as official Canada Post mail carriers Jan. 25 in Quesnel

Protecting your operation from wildfire the focus of upcoming workshop in Quesnel

The BC Agriculture and Food Climate Action Initiative hosts a risk reduction workshop Jan. 31

REPLAY: B.C’s best videos this week

In case you missed it, here’s a look at the replay-worth highlights from this week across the province

Patriots make 3rd straight Super Bowl, beat Chiefs 37-31 in OT

New England will meet L.A. Rams in NFL title game

Pettersson returns to lead Canucks to 3-2 win over Red Wings

Vancouver’s super rookie has 2 points in first game back after knee injury

Skaters stranded in Saint John, NB, amid storm on last day of championships

More than half of the flights out of the city’s airport were cancelled due to the weather

Call for tighter bail rules after Saudi sex-crime suspect vanishes

Mohammed Zuraibi Alzoabi was facing charges related to alleged sexual assault, criminal harassment, assault and forcible confinement of a woman

12 poisoned eagles found on Vancouver Island

Improper disposal of euthanized animal suspected

Olympic softball qualifier to be held in B.C.

Tournament is to be held Aug. 25 to Sept. 1

B.C. resident creates global sport training program

The 20 hour course teaches the science and application of interval training at the university level

B.C. VIEWS: Fact-checking the NDP’s speculation tax on empty homes

Negative-option billing is still legal for governments

Most Read