Intellectual & Co. Elevates Its Commitment to Social Responsibility by Becoming a Public Benefit Limited Liability Company
FOR IMMEDIATE RELEASE
ARLINGTON, VA, November 1, 2023 — In a landmark move that underscores its dedication to responsible innovation and social impact, Intellectual & Co. is proud to announce its transition to a Public Benefit Limited Liability Company (PBLLC). This strategic evolution aligns seamlessly with the company’s longstanding mission to not only excel in its sector but also to champion social, ethical, and civic impact worldwide.
Daniel G. Rego, Founder and Partner of Intellectual & Co., shared his insights on this pivotal transformation: “As Intellectual & Co. embarks on this new chapter, our designation as a Public Benefit Limited Liability Company is not just a title; it’s a reflection of our deep-rooted commitment to fostering responsible innovation that prioritizes social, ethical, and civic benefits alongside economic success. Our specific public benefit purpose—to advocate and foster responsible innovation—guides every aspect of our operations, ensuring that we contribute positively and meaningfully to society and the environment. This transition is a testament to our belief that businesses can and should be a force for good, embodying our vision for a future where corporate success is measured not just by financial performance but by the positive impact we have on the world.”
Public Benefit Companies, including PBLLCs, represent a new wave of business that integrates public benefit purposes into their legal and operational framework. Unlike traditional companies that focus primarily on shareholder returns, Public Benefit Companies are mandated to balance the financial interests of shareholders with the broader impacts of their decisions on society, the community, and the environment. This model empowers companies like Intellectual & Co. to pursue their mission of responsible innovation with the legal protection and structure to prioritize ethical, social, and environmental considerations.
Intellectual & Co.’s specific public benefit purpose is to advocate and foster responsible innovation, championing social, ethical, and civic impact. By embedding this purpose into its core, Intellectual & Co. is set to lead by example, demonstrating how companies can drive profitability while also making significant contributions to society. This includes implementing practices that promote sustainability, ethical business operations, and initiatives that address societal challenges through innovative solutions.
Joining the Ranks of Esteemed Public Benefit Organizations: With this transition, Intellectual & Co. joins the esteemed ranks of other public benefit organizations such as Patagonia, Kickstarter, Change.org, Ben & Jerry’s, The Honest Company and Seventh Generation. Like these pioneering companies, Intellectual & Co. is committed to leveraging its business as a platform for positive change, embodying the principles of corporate responsibility and sustainability in every aspect of its operations.
The decision to become a PBLLC reflects Intellectual & Co.’s commitment to its goal and vision of not only being a leader in its industry but also setting a standard for how businesses can contribute to the public good. It reinforces the company’s pledge to hold itself accountable to higher standards of purpose, transparency, and performance, aiming to inspire others in the business community to follow suit.
For more information about Intellectual & Co.’s transition to a Public Benefit Limited Liability Company and its impact initiatives, please contact us.
About Intellectual & Co.
Intellectual & Co. advises the world’s leading institutions on how to brave this new century. It’s likely you’ve had a delightful experience with a product or service shaped by our strategic insights. Our clients range from startups and Fortune 500 companies to nonprofits and governments, for whom we craft experiences that yield a meaningful impact. We take pride in our unwavering commitment to social causes, the environment, and the planet.
For More Information, Press Only: Intellectual & Co. Media Relations, press@intellectual.co
