INSIDE ETSY’S DIY STANDARDS FOR GOOD CORPORATE GOVERNANCE.
Etsy gave up its chance to be a certified B Corp (meaning one that meets the highest standards in environmental and social good) so as not to lose freedom and flexibility in what it does, but it’s a new member of the Just 100 anyway. It got there because it has a carbon-offset program at checkout for customers and because women make up 87% of its merchants and 33% of its engineering team, among other reasons. “We’re working hard to prove that we can be a great citizen and be a great company at the same time,” says Etsy CEO Josh Silverman. “And candidly, if you can’t do both, where are we as a society? It’s a pretty fatalistic thought that you can’t be a profitable and good company.”