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California’s Bold Move to Legitimize Sustainable Business

A bill introduced in California’s state Senate last week holds enormous potential to give sustainable business a push by making it–well, legal.

Under current law in California and most other states, companies can be sued by their shareholders or investors for taking environmental or social measures that negatively affect shareholders’ financial returns. The proposed bill would enable a new form of for-profit corporation, encouraging and expressly permitting companies to pursue other things besides simply making money. Read more