Mission-Led Employee-Owned Firms

* Report: Mission-Led Employee-Owned Firms: The best of the best. By By Sarah Stranahan and Marjorie Kelly. Fifty by Fifty, 2019

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Description

"Mission-led employee-owned firms embody a powerful model of enterprise design for a new era of environmental sustainability and social equity.

This report shares the story of this emerging model, embodied in 50-plus firms that are employee-owned B Corporations and benefit corporations, plus dozens more employee-owned firms with strong social and ecological missions. These companies include Recology, a $1.2 billion waste management company guided by its vision of “a world without waste”; well-known brands such as Eileen Fisher and King Arthur Flour; and social enterprises such as Cooperative Home Care Associates, a company that employs 2000 women of color, mostly Latina, to care for elders and people with disabilities in New York City.

These companies offer a distinct alternative to the publicly owned corporation, which was designed for an era of in which large sums of capital were needed to fuel carbon-based industrial enterprises. Now we face new challenges—catastrophic climate change and growing wealth inequality—that demand new solutions. Among those solutions are new models of ownership, or what we are calling next generation enterprise design." (https://www.fiftybyfifty.org/2019/04/mission-led-employee-owned-firms-the-best-of-the-best-2/)