What OpenAI can learn from the B Corp movement: Accountability, Governance, and Purpose
As AI technology continues to advance, companies like OpenAI are grappling with the responsibility of leading a new era of innovation while ensuring their technology benefits society. The stakes are high, and our community is shaping the public discourse. From B Lab co-founder Andrew Kassoy ’s op-ed in 纽约时报 challenging OpenAI to go beyond benefit corporation status, to Christopher Marquis ’ Fast Company article exploring governance models for ethical companies, the dialogue on the intersection of purpose, governance, and accountability in business is critical—and it’s as topical today as ever.
For nearly two decades, the global #BCorp movement has been at the forefront of reimagining how businesses can serve the public good while thriving financially. With over 9,000 companies across 162 industries, B Corps are proving that business can—and must—be a force for good. AI companies have much to learn from the B Corp movement, and three key lessons stand out.
1. A clear, specific purpose
As Andrew Kassoy noted, AI companies must clearly define their purpose and embed it in their corporate charters. AI has immense potential to benefit humanity, from drug development to tackling climate change, but without clear, enforceable commitments, that purpose can easily be lost in the pursuit of profit.
Responsible innovation, Kassoy argues, begins with a clear, specific purpose, supported by strong accountability and transparency measures, to ensure AI serves all stakeholders—not just shareholders. This principle has been championed for years, as thousands of B Corps around the world have embedded purpose deeply within their business models, consistently demonstrating that profit and purpose are not mutually exclusive.
2. Transparency about action and impact
Christopher Marquis ’s Fast Company article highlights the growing call for companies to be transparent about their impact—publicly sharing clear, measurable actions that back up their promises. For OpenAI , both Marquis and Kassoy agree that becoming a public benefit corporation isn’t enough; transparency about the impact of its technology and the ethical implications of its applications is crucial.
#BCorps have led by example in this space, adopting rigorous standards—such as the B Impact Assessment—to measure and publish their performance in areas like governance, workers, community, and the environment. Andrew Kassoy calls for AI companies to implement transparent, annual, audited impact reporting using external standards, creating a layer of public accountability that aligns with their stated mission.?
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3. Innovation in governance
Beyond purpose and accountability, governance is a critical area where AI companies can learn from B Corps. As Jorge Fontanez , CEO of B Lab U.S. & Canada , pointed out, companies like Patagonia have adopted innovative governance structures, such as the purpose trust, which legally safeguards their missions to ensure it outlasts any change in leadership or market pressure.??
Andrew Kassoy ’s op-ed also points to examples like Anthropic , which created a long-term benefit trust to protect its mission, and The Guardian , whose trust ensures journalistic independence. These structures prevent companies from veering away from their stated commitments when financial pressures mount. OpenAI , and other AI companies, could benefit from similar governance innovations to ensure that their purpose remains intact even as they scale and seek investment.
The future of AI: Finding purpose in technology
The rapid rise of AI technologies presents both unprecedented opportunities and significant risks. In response to B Lab’s op-ed, voices across the investing, entrepreneurship, sustainability, and tech space emphasized that the future of OpenAI—and AI companies more broadly—will hinge on the governance models they adopt and the motivations of those steering the ship.
AI companies have the opportunity to draw from the experience of B Corps, rethinking what it means to innovate responsibly. By building on purpose, transparency, and governance, they can help usher in an era of technology that truly benefits humanity.
Seasoned Corporate and In-House Attorney | Chief Regulatory Officer
3 周I wholeheartedly agree. The B Corp movement has set a powerful precedent for how businesses can balance profit and purpose through clear mission alignment, robust accountability, and innovative governance. AI companies like OpenAI have a tremendous opportunity to learn from these principles, ensuring their technologies benefit all stakeholders and contribute positively to society. The intersection of purpose and profit is not only possible but essential for sustainable and ethical growth.
Ideas Buenas, negocios sustentables, con propósito y conciencia ambiental y social | Triple impacto | Coach de Agilidad | CEO en Salommon | Primera agencia de publicidad certificada como Empresa B | Speaker #Ristretter
3 周Every purchase shapes our world. We're pixels of consciousness. AI can learn from B Corps, prioritizing purpose, social responsibility & transparency. Creating a better world, pixel by pixel.
Corporate Social Responsibility and DEI | Global Corporate Citizenship | Communications | President Emeritus of Net Impact Boston
3 周Really great points here. I think the combination of clearly defined purpose in corporate charters, clear and transparent metrics in reporting, and innovative governance models will all need to be considered if AI companies are serious about embracing becoming true public benefit corporations. Another helpful resource I'll share is BSR's article "An Impact-Based Approach to Responsible AI" that further outlines the factors at play for AI companies and what they will need to do to address them: https://www.dhirubhai.net/pulse/impact-based-approach-responsible-ai-bsr-atzje/?trackingId=tjITxxwHSF%2BKYH%2BA8o2Iug%3D%3D
Professor at Cambridge. Author of “THE PROFITEERS: How Business Privatizes Profit and Socializes Cost”; "MAO AND MARKETS” (a FT Best Book of 2022); "BETTER BUSINESS: How the B Corp Movement is Remaking Capitalism"
3 周Thanks for highlighting my essay along side Andrew’s! I am also using both in my teaching, they pair quite well together!