Social business
Business. Better.
“To prosper over time, every company must deliver not only financial performance, but also show how it makes a positive contribution to society.”
(Laurence Fink, CEO of Blackrock, January 2018)
The times for businesses are unpredictable. We all see examples of businesses both succeeding – and failing – to demonstrate business being done in a way that enhances its reputation. Consumers, employees and wider society are embracing their spending power and choosing businesses based on their values.
We help businesses achieve financial success and demonstrate their values through how they work, in all aspects of what they do.
Every business can be better. There are many ways to do this from small steps, to big leaps.
We help businesses make sure that their values are evident in:
- Corporate deals and business ownership
- Contracts and purchasing
- IT, data and technology
- Construction
- Employment
- Property
We can help you do business for good and improve the bottom line. If you want to explore this, take a look at our Ethical Business Project – a new handbook for businesses or get in touch.
Business. Better.
Some examples of how we have helped businesses show their values:
Corporate deals and business ownership
- innovative structures such as employee ownership, co-operative and mutual structures;
- embedding purpose in your business process;
- clear and open decision making;
- alternative finance/funding structures like community shares and social investment;
- accreditations and trade body membership which recognise demonstrate your integrity, such as B Corps, the Fair Tax mark and other ethical marks.
Employment
- representation of gender, BAME and encouraging social mobility;
- supporting diversity and going further than the letter of the law;
- equal pay;
- paying the living wage;
- gig economy use,
- “fair” employment terms and using apprenticeships and other workplace access schemes;
Commercial contracts
- positive climate change action clauses;
- ethical and environmentally sustainable supply chains;
- incentivising quality;
- partnering and collaborative projects;
- terms and conditions which fairly apportion risk;
- negotiations that are tough but fair.
IT, data and technology
- creating ethical efficiencies through innovation;
- maximising the value of data;
- maintaining trust in your digital practices.
Property
- ethical buildings;
- landlord requirements – both where you are landlord or demanding it of your landlord;
- green buildings;
- quality of works and taking responsibility for repairs/management companies in a way that goes above the bottom-line requirements.
Construction and development
- true urban regeneration
- sustainable development and communities;
- fair payment/treatment down the supply chain;
- social value through construction;
- private/public partnerships that are genuinely driven by a common good.
For more information
Please contact David Alcock.
Select your type of social business
Latest sector insights
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A new era for mutuals?
The manifesto for the new Government committed Labour to work to double the size of the co-operative and mutual economy. We are starting…
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New criminal offence -‘failure to prevent fraud’
The Economic Crime and Corporate Transparency Act 2023 (the Act) created the new corporate criminal offence of ‘failure to prevent fraud’…
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On the ball with tax: CASCs and the latest Budget buzz
Following the Budget announcement yesterday, the Government have published the outcome and summary of responses to the charities tax…
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A new regime for employee ownership
You may have missed it in the Budget, but at the same time as the speech was published, the Government also published their response to…
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Employment Rights Bill – let the consultations begin
We’ve likened the Employment Rights Bill 2024 (ERB) to a marathon, not a sprint – if that’s the case then it’s been a speedy start with…
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EHRC launches consultation for its updated Code of Practice on discrimination, harassment and victimisation in services and public functions
The Equality and Human Rights Commission (EHRC) has launched a consultation on its updated Code of Practice for services, public…
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Preventing sexual harassment in the workplace – New updated guidance
This week has seen some deeply troubling stories of sexual harassment told by ex-employees of Harrods. It is somewhat timely that the…
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Back to work (again): Home Office’s right to work guidance updated
The Home Office updated the employer’s guide to right to work checks again on 23 September 2024 (and it is stated to apply to right to…
We have been recognised for the work we do
Appeal against pension regulator fine
We helped a client where there had been a failure to pay over pension contributions.
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