Land Betterment Corporation (www.landbetterment.com
), our LBX Token Issuance Partner and member of the Decentralized Bench, is an Indiana Benefit Corporation and pending certified b-corp, fostering positive social and environmental impact by up-cycling former coal mining sites and other negatively impacted lands to create sustainable community development and job creation. The impacted communities are witnessing a moment of change as our society transitions away from coal-based fuels, and Land Betterment is at the forefront of that curve, driving change and accelerating the remediation and reclamation of lands previously damaged from the activities of the fossil fuel industries. Public Benefit Corporation Status
In February 2020, LBC incorporated under the laws of the State of Indiana as a public benefit corporation as a demonstration of its long-term commitment to the mission of benefitting its stakeholders and society. Benefit corporations are a relatively new designation for corporations that are intended to produce a public benefit and to operate in a responsible and sustainable manner. Certified B Corporation Status Pending
While not required by Indiana law or the terms of the certificate of incorporation, LBC elected to have its social and environmental performance, accountability and transparency assessed against the proprietary criteria established by an independent non-profit organization. As a result of this assessment, LBC has been designated as a “Certified B CorporationTM
- Pending” under the standards set by an independent organization, which refers to companies that are certified as meeting certain levels of social and environmental performance, accountability and transparency.