Starting a Socially Responsible Food Business? Try The L3C Or The B-Corp

One way of improving the United States food system has more to do with business practices than it has to do with food.

The now-popular idea of corporate social responsibility (CSR) dictates that businesses should take it upon themselves to forgo profits their shareholders demand so they can address social problems. But, as Aneel Karnani posits in a recent essay in the Wall Street Journal, the reasoning behind CSR is flawed. Publicly traded companies, including those that produce the lion’s share of our food, are required by law to prioritize maximizing profits to satisfy their shareholders, who are generally taken to desire profit above all else. Read more

RSF Social Finance Seeks “Patient” Investors For Sustainable Food

RSF Social Finance, a non-profit financial firm focused on using money as a force for good in the world, has announced the launch of a new Food & Agriculture Program-Related Investing (PRI) Fund. The idea is to encourage investors to support elements of the agricultural and food sectors that look beyond the bottom line to take the health of our environment and communities into account. Read more