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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Corporate sustainability and supply chain due diligence
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Acronyms anyone?? There’s a new MoU between RSH and HO
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Subject access requests – when to weed out third-party data
There are things in life, like taxes and laundry, that we know are necessary for democracy and cleanliness respectively but are just a…
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Securing the future of employee ownership
With six days to go until polling day, it was great to read the Employee Ownership Association’s proposals for building on the expansion…
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The ICO has concluded its investigation into Snap Inc.’s use of its ‘My AI’ chatbot feature on the Snapchat platform. The My AI chatbot…
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Corporate transactions with employment specialists: the perfect podcast collaboration
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Muddying the waters of volunteer status
Volunteers are the lifeblood of many charitable organisations. Those organisations could not exist without them, but neither could they…
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A conversation about sushi – small talk, or harassment?
In the case of Sato-Rossberg -v- SOAS University of London, an employment judge has dismissed claims by a Japanese professor that she was…
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.
Latest news
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PODCAST: 12.07% holiday accrual is back… But not for everyone!
In the podcast we will outline the new Working Time Regulations legislation in detail, noting when the provisions coming into force, whilst also providing practical examples and guidance for employers across all sectors.
Friday 1 December 2023
Read moreRenters Reform Bill webinar – June 2023
The Renters Reform Bill proposes a seismic change to housing management practices, abolishing assured shorthold tenancies and 21 notices entirely and making changes relating to rent increases, pets, possession grounds and more.
Friday 18 August 2023
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