It's a process the CEO tried to start, never became binding because they are incorporated in Delaware which doesn't recognize B corps, and can't finish because he doesn't have buy-in from the owners of the company.
So it's temporary status doesn't belie the fact it's not going to be one and shouldn't be treated as one.
This is way outside of my expertise or experience, but this thread got me curious.
Here's what 3 minutes of googling indicates:
* most states have b corps
* most states that have b corps based them on the Model Benefit Act, drafted by B-Lab
* Delaware has b corps, but they are not based on the Model Benefit Act
* whether the Model Benefit Act was used affects all sorts of things (requirements, reporting, standards, decision makers, enforcement…)
So it seems fair to say that delaware has b corps, but they are not like the others.
- https://www.bcorporation.net/community/etsy
- https://blog.etsy.com/news/2012/etsy-joins-the-b-corporation...
- https://www.etsy.com/ca/mission