Today is #BetterBusinessDay – celebrating the trailblazers and innovators shaping a world where business can be a force for good. 📣 The Post Office, P&O and many other high profile corporate scandals have made clear that the current model of business – where making profit for shareholders is prioritised – is broken. To help solve the urgent problems facing society today, all businesses need to be empowered to think beyond profit, and create solutions to the social, environmental and economic crises we face. Introducing the Better Business Act. The #BetterBusinessAct calls for an amendment to Section 172 of the Companies Act, which sets out the ‘job description’ for company directors to ensure they align social and environmental impact with shareholder returns. This small change in the law will make a big change in the world, allowing businesses to make decisions in all of our long-term interests. A coalition of over 2,700 businesses are backing this change. We asked six of these supportive business leaders to help spread the word and make the pitch for better business – now it’s over to you. Time to elevate your voice and support the #BetterBusinessAct👇 ✍️ Join the movement for better business today by signing up to support the #BetterBusiness Act – https://lnkd.in/dtiQYz8 🗣️Already a supporter? Help us spread the word – reshare this video and tag a business who you think needs to #BackTheAct. Mary Portas | Portas | Chris Turner | B Lab UK | Safia Minney, MBE FRSA | Luke Boase | Lucky Saint | B Corp™ | Amy Clarke | Tribe Impact Capital
Better Business Act
Non-profit Organization Management
The Better Business Act will transform the way we do business.
About us
The world needs business at its best - helping to fix urgent problems like climate change and inequality. The Better Business Act would transform the way Britain does business so that every single company takes ownership of its social and environmental impact. At a time when we face many urgent challenges, we want to change the law so that it is no longer an option for business to pursue profit at the expense of workers, communities and the environment. By amending Section 172 of the Companies Act, we will update the job description for company directors, making it their responsibility to protect people and the planet at the same time as pursuing profit. We know that a majority of directors want this too. The amendment would provide a firm legal basis for directors to advance the interests of society and the environment alongside those of shareholders. This would in turn provide a clear framework for business to engage with the many existing initiatives that seek to drive up standards. A small change in the law will make a big change in the world. It will allow businesses to make decisions in all of our long term interests, helping to create a fairer, greener future for all.
- Website
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http://www.betterbusinessact.org
External link for Better Business Act
- Industry
- Non-profit Organization Management
- Company size
- 2-10 employees
- Headquarters
- London
- Type
- Nonprofit
- Founded
- 2021
Locations
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Primary
Get directions
London, GB
Employees at Better Business Act
Updates
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Just a week into the new job, it's encouraging to see the Secretary of State for Environment, Food and Rural Affairs, Steve Reed make sure water companies place customers and the environment at the heart of their company objectives, principles that we believe every company should adhere to. This is a strong signal: the most effective way to ensure companies make better decisions is by baking in a long-term, multi-stakeholder approach to their Articles of Association - ensuring directors look beyond shareholder returns. This is what the Better Business Act is calling for: a change to Section 172 of the Companies Act to ensure that all companies, regardless of sector, align the interests of people and planet with profit. Join our coalition of 3,000 UK businesses calling on the government to introduce a Better Business Act: https://lnkd.in/dtiQYz8 https://lnkd.in/ew8R4Bqy
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Where do Labour’s manifesto commitments leave British businesses and the role they can play in creating the future we need? With a new government in place, Chris Turner, the Better Business Act's Campaign Director and Executive Director of B Lab UK, reflects on Labour’s commitments and what they mean for British businesses and our collective future. Labour's manifesto calls for a ‘mission-driven government’ and recognises the vital role of businesses in achieving these goals. Their focus on sustainable growth, strategic partnerships, and inclusive economic contributions aligns with a better way of doing business. But voluntary actions alone aren’t enough - and we know that all businesses have a role to play in helping the government deliver its missions. The Better Business Act aims to amend Section 172 of the Companies Act to ensure company directors align social and environmental impact with shareholder returns - empowering them to become part of the solution. We’re excited to collaborate with our new government to ensure better business is at the heart of a thriving British economy that thinks for the long-term. Read the full blog on the B Lab UK website.👇 https://lnkd.in/gz5g78fw
How our new government can create an economy that benefits all
bcorporation.uk
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📣 Hear from the co-chair of the Better Business Act campaign, Mary Portas, at Louder Than Words — The B Corp Festival. 📣 Join us in Oxford this September for the two day festival celebrating #BetterBusiness in the UK. We'll be bringing together the #BCorp community alongside activists, allies, Better Business Act coalition members, and local communities to harness the power of people using business as a force for good – putting ideas into action and tackling the issues that matter. Mary Portas will take to the stage at Louder Than Words to address how businesses can galvanise change at scale, leaving the audience inspired to take action on what matters most.💡 Find out more about the festival, browse the agenda and grab your ticket. ⬇️ https://lnkd.in/edTy6UVz
📣 We've got huge news — Mary Portas is our keynote speaker at Louder Than Words — The B Corp Festival. 📣 Businesswoman, broadcaster, author, activist and co-chair of the Better Business Act, Mary Portas OBE has made her name creating change. After transforming Harvey Nichols, Mary founded her retail consultancy, working with global retail giants. Her series, Mary Queen of Shops, premiered in 2007, and she's presented for BBC and Channel 4 ever since. In 2009, Mary partnered with Save The Children to reinvent charity shops, these 'Living & Giving' shops have raised £30m to date. As co-chair of the Better Business Act, Mary leads a coalition of businesses to ensure UK companies align their interests with people and the planet. Most recently, Mary took on the government with Kevin McCloud and Hugh Fearnley-Whittingstall in The Great Climate Fight on Channel 4. In 2024, Mary made the King’s New Year Honours list, being awarded an OBE for services to business, broadcasting and charity. Mary will take to the stage at Louder Than Words to address how businesses can galvanise change at scale, leaving the audience inspired to take action on what matters most.💡 🎫 Join us in Oxford to hear Mary's highly anticipated keynote speech at Louder Than Words: https://bit.ly/3QRrNmD 📣 We'll be announcing more mainstage speakers this week — stay tuned!
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Last night, the Better Business Act and B Lab UK joined Higginson Strategy for their summer party at Westminster, marking the first day in parliament for the newly elected MPs. Welcoming MPs, policymakers, journalists and business-owners, the packed reception heard from our Campaign Director, Chris Turner, who spoke about the opportunity and need to harness the power of business for good in pursuit of the missions we share with the government. Many attendees signed our open letter during the event calling on the new government to enact the Better Business Act – an amendment to Section 172 of the Companies Act, which sets out the ‘job description’ for company directors to ensure they align social and environmental impact with shareholder returns. Join our coalition of 3,000 businesses who #BackTheAct over on our website.👇 https://lnkd.in/gBqhbVx
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Interesting read from Sara Drake, the Chief Executive of The Chartered Governance Institute UK & Ireland, on the need for the new government to prioritise corporate governance in order to foster investment and economic growth. The article makes it clear that company directors themselves want to see corporate governance reform pushed up the political agenda. Drake highlights The Institute of Directors (IoD)’ call for an amendment to section 172 of the Companies Act, which sets out the ‘job description’ for company directors to ensure they align social and environmental impact with shareholder returns. We look forward to working with the new government to ensure corporate governance stays high on the agenda. Read the full article.👇 https://lnkd.in/e-5iYKkj
Next UK government must ‘promote governance' to boost investment
https://boardagenda.com
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The results are in and the work to hold our new government to account begins now. 🗳️ In their Manifesto, Labour recognises that ‘sustainable growth requires government to be a strategic partner with business’, but we feel the new government must go further to address the outdated governance structures that are holding UK businesses back. Britain needs business at its best - helping to fix urgent problems like climate change and inequality, poverty and unemployment. The Better Business Act would transform the way Britain does business so every single company takes ownership of its social and environmental impact. Learn more about our campaign over on our website.👇 https://lnkd.in/gBqhbVx
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"Estimates suggest a potential £149bn boost to the UK GDP per year if businesses operated in a manner that purposely benefited society.” Great to read commentary from former Chief Secretary to the Treasury, Sir Stephen Timms, about the role that purpose-driven business can play in advancing the Labour party's mission. Findings from The Purpose Dividend report are referenced — the adoption of stakeholder governance would add £149bn to the economy. This research shows a stakeholder-governed economy is not just the right thing to do, but imperative for sustainable, long-term growth. 📈 We welcome the acknowledgement that business has a fundamental role to play in shifting us towards a more inclusive, equitable and regenerative economy. The Better Business Act would ensure all businesses play their part in creating an economy that has a positive impact on society and the environment. 🌍 Read more in City AM. ⬇️ https://lnkd.in/e8KU2DGP
Labour must partner with businesses in the impact economy - CityAM
https://www.cityam.com
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Better Business Act reposted this
"As the UK enters the final days of pre-election campaigning, has the role that social enterprise and social investment could play in the country’s future been completely ignored by the politicians?" Pioneers Post examines the key manifesto commitments, speaking to B Lab UK's executive director Chirs Turner about how party manifestos are missing a key component — reforming corporate governance structures. Read more.👇 https://lnkd.in/eCjbNPne
The 2024 UK election manifestos: slim pickings for the social economy?
pioneerspost.com
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The Better Business Act will transform the way we do business, so that every single company in the UK takes ownership of its social and environmental impact, helping to solve some of the UK’s most pressing challenges. Join the coalition of almost 3,000 businesses that are asking the government to enact the Better Business Act 👉 https://lnkd.in/gBqhbVx
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