These Business Practices Help Create An Economy That Works for All
B The Change Weekly: December 9, 2022
B The Change Weekly provides the most important and most relevant stories about people using business as a force for good. The weekly newsletter features a note from the B The Change team alongside insight and context on the stories we share here on Medium. Below is our latest roundup. To receive these insights directly in your inbox, sign up for B The Change Weekly today. Now on to the good stuff:
As we near the end of the year, B Lab U.S. & Canada celebrates Certified B Corporations that are using business as a force for good every day to create an economy that works for all people. In appreciation for their leadership and collaboration, this month we’re highlighting how companies in the B Corp community are advancing the three pillars in B Lab U.S. & Canada’s theory of change: a stakeholder economy, racial equity, and climate justice.
This week we focus on how B Corps are collaborating to create a stakeholder economy by adopting practices and championing policy reforms that help raise the bar for all companies. In daily practice, that means measuring and evaluating impact to ensure your business is benefiting stakeholders. On a public level, it includes companies advocating for social justice and public policies that advance a more inclusive and equitable economy — a system that serves all stakeholders.
Building a Stakeholder Economy Through Policy Advocacy
In pursuit of a stakeholder economy that creates benefits for all people, B Corps are collaborating with a shared belief in values-driven business and advocating for policy change to dismantle unjust systems, policies, and practices. Find examples of leaders at B Corps and other sustainable businesses who are advocating for policies and practices that advance a stakeholder economy.
How Can Business Promote Social Justice Activism?
By examining their practices and changing for the better — and advocating for peers to do the same — businesses can unlock enormous potential for positive change. The newest episode of B Lab Global’s Forces for Good podcast shares how businesses can enable activist work both among their employees and in their actions at a corporate level.
5 Steps to Measure Stakeholder Impact
It is crucial for businesses that aim to be ethical and sustainable — even small or early-stage companies — to have positive impact commitments. But it’s also essential to track progress and impact. Victor Hugo Ramos of B Corp IMPT! Shares how the company measures key performance indicators in its daily operations and adjusts for maximum impact.
Stay in the Know
Here’s your chance to catch up on recent articles:
- Building a Stakeholder Economy Through Policy Action and Advocacy: B Corps Collaborate for Policy Advocacy and a More Inclusive Economy
- B Lab Forces for Good Podcast: How Can Business Promote Social Justice Activism? What It Means to Be a Business Activist, and Why Activism Has a Place in Corporate Boardrooms and Among Employees
- 5 Steps to Measure and Evaluate a Company’s Positive Impact Commitments: How B Corp IMPT! Incorporates KPIs in Daily Operations
- Moving Beyond Growth to Support Business Sustainability: ‘Degrowth’ Provides a New Alternative for Business and Society
- Meet the Eye Care Company on a Mission to End Avoidable Blindness: WALDO Envisions Easier Access to Eye Care and Affordable Products
B The Change gathers and shares the voices from within the movement of people using business as a force for good and the community of Certified B Corporations. The opinions expressed do not necessarily reflect those of the nonprofit B Lab.
