Danone North America, White Plains, N.Y., announced it has achieved certification as the largest B Corp in the World, while also unveiling its new name. Formerly known as DanoneWave, the company combined businesses following its acquisition of WhiteWave Foods, Broomfield, Colo., last year. Since April, DanoneWave has been operating as Danone North America, with its headquarters remaining in White Plains.
By combining the two businesses, Danone created the largest Public Benefit Corporation in the World, the company says. Incorporating as a Public Benefit Corporation legally committed the new subsidiary to balance shareholders’ financial interests with social and environmental considerations, it says.