What is a public benefit corporation?
A public benefit corporation (SBC) is a type of corporate entity, like ‘Inc.’ or LLC.’ This type of business represents a middle ground between a non-profit organization and a traditional for-profit company — allowing us to prioritize social good in our work while operating profitably to sustainably support Haitian farmers in the long term. SBCs file annual reports with the Minnesota Secretary of State detailing how they are upholding their commitments each year.
Reaffirming our commitment to sustainable impact
In June 2019, Vetiver Solutions officially became a public benefit corporation (PBC) in the state of Minnesota, aligning a for-profit business model with a commitment to making a sustainable impact. This status helps us achieve our mission: to strengthen financial autonomy in Haitian communities by investing in natural goods that promote economic and environmental sustainability.
Each year, we file an annual public benefit report with the state of Minnesota, sharing key data about how we are making a tangible impact with our work. View previous reports:
Economic growth & environmental sustainability
Our public benefit is delivering high quality, environmentally-friendly products to consumers which support sustainable agriculture practiced by farmers in rural Haiti. By labeling our products with “public benefit corporation,” consumers know that these products positively impact society and the environment. This status reinforces the way we have done business since our founding and strengthens our commitment to providing sustainably sourced and socially beneficial goods to consumers, while promoting economic autonomy for Haitian farmers.
We demonstrate this benefit in four key ways: