For over a decade, we have operated under a company mission of seeking to align what is right with what works, as the best way to bring about real and lasting change. Our transition to a certified Public Benefit Corporation perfectly embodies that mission. It is a way for us to affirm the principles and values we hold so deeply, and we believe it is the best way to maximize the success of Public Democracy and, ultimately, the Umatr crypto-ecosystem.
Our Public Benefit Corporation Mission Statement
“At Public Democracy, we believe that it is possible to align what is right with what works, and that technology should empower people, so that individual voices are listened to by those in power and so that their collective voices rightfully influence decisions that are made in the political, corporate, and community space.
Knowing the value of the data that will be created, we further believe that people should share in the value generated and insights created by their contributions throughout this process.”
Unlike traditional corporations, Public Benefit Corporations are legally required to consider the impact of their decisions, not only on their shareholders, but also on their stakeholders (e.g., the community, the environment, workers, suppliers, and consumers).
Certified B Corps take that a step further by undergoing a certification and monitoring process requiring higher standards of transparency, accountability, and performance, as well as helping build a collective voice through the power of the unifying B Corporation brand. According to B Lab, the nonprofit that awards the certification, “B Corp certification is to sustainable business what LEED certification is to green building, Fair Trade certification is to coffee or USDA Organic certification is to milk.”
We believe deeply in the purpose-driven movement that this new class of corporation represents. We were able to quickly become fully-certified because we have been operating as a high-scoring B-Corp in all but name for over a decade, ultimately receiving an overall B Impact Score higher than many of the leading lights of the B Corporation movement, such as Ben & Jerry’s, Athleta, Eileen Fisher, and Hootsuite.
We believe that the time has come for companies to take the value of data seriously, and as a Certified B Corp, we are committed to live up to the promise we have made to all of our users about the realizing and utilizing value of the data they create by working with us. As good as our intentions may be, we know all too well how easy it is to lose sight of an original vision in the midst of deadlines and unforeseen challenges. In that spirit, we are committed to this corporate structure and the B-Corp accountability mechanism that will continue pushing us toward realizing the ideals we aspire to and continuing the work of seeking to put our database and values models to use for the greater good.
Learn more about Certified B Corporations at: https://bcorporation.net