One new SPAC is organized as a public benefit corporation and a Pending B Corporation, and it plans to invest in companies that both address the United Nations’ Sustainable Development Goals and that are capable of becoming Certified B Corporations, which are businesses evaluated for their impact on people and planet as well as their ability to make a profit, Forbes reports.
Sustainable Development Acquisition I has strong roots in the B Corp community, as it was formed by Renewable Resources Group, a newly Certified B Corp, and Capricorn Investment Group, a Certified B Corp since 2014. Investors who decide to be a part of SDAC know their money will be used to acquire companies with stakeholder-oriented governance and purpose-oriented practices. Read more.
