The Honourable John Horgan
Legislature Buildings
501 Belleville Street
Victoria, BC
V8V 1X4

Dear Premier Horgan,

We strongly encourage you to pass benefit company legislation in BC.

This legislation would enable companies to incorporate as benefit companies with an explicit social or environmental benefit baked into their purpose through their articles.

Through adopting this legislation, BC could become a leader in supporting the innovative work of sustainable and responsible businesses.

This legislation would encourage the adoption of business forms that have an expanded social and environmental mission, and it would provide a legal framework that supports and protects businesses that choose to take on a broadened mandate.

This legislation would clarify the process of embedding a broader mandate within a company's articles. It would provide certainty for investors and other stakeholders, looking to support mission-aligned companies, of the nature and the mandate of the company, and it would enable companies to attract capital while remaining true to their mission, even as they scale. Moreover, this legislation would provide a simple framework for companies to adhere to that is legally and commercially recognized.

Benefit company legislation has been passed in a number of other jurisdictions, including over 30 US states.

Through enacting this legislation, your government can play a significant role in better harnessing the power of business to help us, as a society, tackle the unprecedented challenges we face in the 21st century. We urge you to seize this opportunity.

Signed,