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ARTICLE · 04 JULY 2023

Steward Ownership

Increasing social impact with the use of entrepreneurship is more relevant than ever.

NetherlandsCorporate/Commercial Law

Social impact with the use of entrepreneurship

Increasing social impact with the use of entrepreneurship is more relevant than ever. Consider, for example, B Corp and the initiative to introduce a new legal form, the BVm (the social BV, possibly linked to a legally required code). In addition, a group of 25 professors of corporate law advocates the possibility of a "social contract between company and society". The intention is that the company behaves in a socially responsible manner. An interesting European development is that the European Union will determine which requirements an investment must meet in order to be able to call itself 'sustainable'. Financial experts expect this to trigger a green revolution in the financial world and to put an end to certain forms of greenwashing.

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