Gemline Raises the Bar: Reincorporates as a Public Benefit Corporation

Gemline proudly announces its reincorporation as a Massachusetts Public Benefit Corporation (PBC). As a Public Benefit Corporation, Gemline’s Board of Directors is required to include considerations of the Company’s social and environmental mission into their fiduciary responsibilities. This change reinforces its belief that profitability and positive social and environmental impact are not mutually exclusive, but rather complementary goals of the Corporation.


May 15, 2024

Lawrence, MA (May 15, 2024) - Gemline, a leading supplier in the promotional products industry, proudly announces its reincorporation as a Massachusetts Public Benefit Corporation (PBC). As a Public Benefit Corporation, Gemline’s Board of Directors is required to include considerations of the Company’s social and environmental mission into their fiduciary responsibilities. This change reinforces its belief that profitability and positive social and environmental impact are not mutually exclusive, but rather complementary goals of the Corporation.

 

With this pivotal shift, Gemline reaffirms its dedication to leading by example in the Promotional Products industry and within its community, ensuring that its commitment to responsible business practices and generating social impact through its operations, is deeply engrained in its corporate structure. Gemline recently released its fourth consecutive Corporate Social Responsibility report, a noteworthy achievement that distinguishes the Company as a leader in the industry.

 

This milestone also comes on the heels of Gemline’s recent announcement of its purpose statement, “We Promote Community,” and underscores Gemline's unwavering commitment to its Corporate Social Responsibility program, Betterway™, which is dedicated to making a meaningful difference by positively impacting people, the planet, and products.

 

“Gemline’s commitment to social responsibility has been a consistent priority of our Company and me," stated Jonathan Isaacson, Executive Chair at Gemline. "Formalizing this commitment as a Public Benefit Corporation aligns with the ethos that has guided both myself and the Board for many years."

 

“We are proud to join the growing community of Public Benefit Corporations that are driving positive change in the business world," said Frank Carpenito, President and CEO of Gemline. "By embracing this new legal structure, Gemline reaffirms its commitment to being a force for good and setting a higher standard for corporate responsibility."

 

Gemline invites all of its valued stakeholders to join in celebrating this milestone, and to continue supporting its efforts to build a more sustainable and responsible future for generations to come.

 

For more information about Gemline and its Corporate Social Responsibility program, Betterway™, please visit Corporate Social Responsibility (gemline.com).

 


About Gemline

Founded in 1958, Gemline is an award-winning, design-centric supplier dedicated to supporting all types of communities by providing high-quality branded products to the promotional products industry. Exemplified in our purpose statement of 'We Promote Community,' Gemline prioritizes building connections in everything we do.

Ranked as the 12th largest industry supplier and 5th largest hard goods supplier by the Advertising Specialty Institute, Gemline offers a diverse range of gourmet food and lifestyle gifts, electronics, bags, coolers, drinkware, stationery and writing instruments. In addition to its strong portfolio of house brands and Gemline-branded products, our product lineup includes renowned retail brands such as Anker, CORKCICLE®, Cuisinart®, Igloo®, MiiR®, New Balance®, Osprey®, Moleskine®, Samsonite®, Sharpie®, and more.

Gemline is committed to making a positive impact both locally and globally. To learn more about Gemline, visit www.gemline.com or call 1-800-800-3200. Connect with us on Facebook, Instagram, and LinkedIn.