Companies 'will need to make an impact as much as they need to make a profit'

Singapore

COMPANIES will have to combine both profit-making and impact as their goals as they cannot keep dumping negative externalities - indirect costs imposed on third parties - onto the world, B Corps global ambassador Marcello Palazzi told The Business Times in an exclusive interview.

B Corps are for-profit companies certified by B Lab - a non-profit international standards-setting body - to have made a positive impact in the world.

Mr Palazzi said: "Nobody wants a company to get stuck in a situ…