B Corps Case Study – Large, Well-Known Company Year Founded: 1972 Annual Sales: $400m (2010) # of Employees: 1,300 Certified B Corp? YES Legal B Corp? YES Certified Fair Trade? NO Competition: North Face, REI, Columbia Operate Separate Nonprofits? YES Sample Product: Men’s Primo Down Gortex Jacket Sample Product Cost: $649.00 TO B OR NOT TO B? Are they Different? COMMITMENT TO SOCIAL CHANGE: Pioneer & accredited member of nonprofit, Fair Labor Association Created 1% for the Planet, a network of 1500 companies that give 1% of profits annually to environmental causes Employees: get flex-time for surfing, on-site subsidized child care and can take up to 2 months paid leave to intern at an environmental nonprofit Created the Common Threads Initiative: a consumer pledge to keep everything out of the landfill - Reduce, Repair, Recycle, Reuse, Reimagine Establishing 175,000 acre Patagonia National Park in Chile BARRIERS TO SOCIAL CHANGE: Average pair of shoes cost $100 so not attainable for bulk of consumers Patagonia is privately owned so their reporting and monitoring systems are closed and ultimately they are self-regulated Riding the “green wave” and many of these initiatives are marketing tactics EPS 644 Organization Topic Presentation: B Corps Karen Davis & Brandy Fleming October 2012