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While Ecosia is not technically a non-profit, no one can sell Ecosia shares at a profit. > Ecosia says that it was built on the premise that profits wouldn’t b
by toper-centage 5y ago
While Ecosia is not technically a non-profit, no one can sell Ecosia shares at a profit.
> Ecosia says that it was built on the premise that profits wouldn’t be taken out of the company. In 2018 this commitment was made legally binding when the company sold a 1% share to The Purpose Foundation, entering into a ‘steward-ownership’ relationship.
> The Purpose Foundation's steward-ownership of Ecosia legally binds Ecosia in the following ways:
- Shares can't be sold at a profit or owned by people outside of the company and
- No profits can be taken out of the company.
https://www.ethicalconsumer.org/technology/how-ethical-search-engine-ecosia https://www.ethicalconsumer.org/technology/how-ethical-searc...
- gardenfelder 5y agoSeems like a reasonable approach is to use a b-corp where shareholders cannot sue for financial gains.