In August 2013, the Delaware legislature added a new subchapter to the Delaware General Corporation Law (DGCL), allowing corporations to be formed as, or convert to, a public benefit corporation (PBC). A PBC is defined as a…
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/ Finance & Banking
As the COVID-19 crisis continues to make capital markets, including venture capital, an uncertain source of financing, founders and boards of impact businesses may increasingly look to M&A and other strategic alternatives to…
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/ Business Organizations, Mergers & Acquisitions
For the second time in a little over a decade, the United States is facing an economic crisis on a near-unprecedented scale, while simultaneously battling the worst pandemic in over a century. To date, over 80,000 people have…
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/ Finance & Banking, Health
As members of the Bay Area Social/Small Enterprise Task Force (BASE Force), Morrison & Foerster attorneys Suz Mac Cormac, Alfredo Silva, Kaela Colwell and Olga Terets have compiled a resource guide for Bay Area small businesses…
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/ Elections & Politics, Finance & Banking
..Significant commitments, partnerships, and new research projects worth trillions were announced during Climate Week 2019.
..The United Nations Global Compact and Accenture released findings from their CEO study on…
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/ Business Organizations, Energy & Utilities, Environmental Law, International Law & Trade, Science, Computers, & Technology
..As food waste becomes a major global problem, grocery stores now offer “happy hours” as a solution.
..IKEA’s sustainability chief describes the company’s progress in becoming a circular business by 2030.
..The World Bank…
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/ Business Organizations, Energy & Utilities, Environmental Law
..Insurance companies in California are choosing not to renew homeowners’ policies because of wildfire risk.
..The KKR Global Impact Fund received a $225 million investment from UBS.
..A new report by the World Resources…
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/ Business Organizations, Commercial Law & Contracts, Environmental Law, Finance & Banking
..Fortune released its 2019 Change the World list of 52 companies using their business to help the planet.
..Apollo Global Management jumps into impact investing with a $1 billion debut social impact fund.
..In his latest…
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/ Business Organizations, Energy & Utilities, Environmental Law, International Law & Trade, Science, Computers, & Technology
..How can you tell if your investment is really responsible? The Washington Post provides an overview of ESG ratings.
..Procter & Gamble’s chief sustainability officer explains how she is making sustainability “irresistible” in…
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/ Business Organizations, Energy & Utilities, Environmental Law
..Morgan Stanley announced a new tool to help financial advisors and their clients’ measure sustainable investment performance, allowing the prioritization of selected environmental, social and governance interests and alignment…
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/ Business Organizations, Energy & Utilities, Environmental Law, Finance & Banking
..The EY Center for Board Matters’ 2019 Proxy Season Review report revealed gender diversity and sustainability were among the main governance concerns.
..The $50 million Rhino Impact Bonds (RIB), the first financial instrument…
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/ Business Organizations, Environmental Law
..U.S. Congress rejected a proposal to align ESG reporting requirements with the more rigorous standards applied in Europe.
..Bob Eccles discusses the “R-Factor” as a possible market-based solution for ESG reporting standards…
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/ Business Organizations, Environmental Law
..What new challenges lie ahead for impact investing? Antony Bugg-Levine of the Nonprofit Finance Fund and Durreen Shahna of the Impact Investment Exchange discuss them on the Knowledge@Wharton podcast..…
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/ Business Organizations
..A new report by UK nonprofit CDP reveals 215 of the world’s biggest companies face almost $1 trillion in climate change risks, with many likely to hit within the next five years..…
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/ Business Organizations, Consumer Protection, Energy & Utilities, Environmental Law, International Law & Trade
Four years after Delaware first enacted its Public Benefit Corporation (PBC) statute, the state has taken another step forward in advancing legal entity forms for social enterprises. In August, Delaware added a new legal entity…
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/ Business Organizations