KlimaCoin (Klima Credit Union) is under development as a European Union “B” Corporation
Public benefits the company intends are written into our charter.
The “B” Corporation blends the best of non-profit good intentions and governance with modest profit expectations of its investors and members.
In practice, for the KlimaCoin business, this means having an objects clause which states that it exists to promote the success of the business for the benefit of its shareholders but also to have a material positive impact on society and the environment.
The governing documents also state that the board members of the company need to consider a range of ‘stakeholder interests’ – including shareholders, employees, suppliers, society and the environment – when making decisions and, critically, that shareholder value is not the supreme consideration but is one factor amongst the many stakeholder interests which board members need to take into account when running the business.
In the adoption of these bylaws, our Board members and directors must take into account in their decision-making process the public benefit mission – the use of the power of business to solve social and environmental issues.
We are presently in our ‘Angel’ finance round.
Soon we expect to be issuing our Series A financial offering.
If you are a ‘qualified’ investor send us a note via our contact form for further information on investment opportunities.