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by toper-centage
1638 days ago
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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 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-searc... |
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