Your corporate purpose is your compass, guiding your profitability and your business’ wider impact on the world. In defining what corporate purpose should be, there’s clear momentum towards stakeholder capitalism in the UK, with initiatives like the B Corp movement and the Better Business Act bringing corporate purpose into the spotlight. In addition, social and environmental considerations are increasingly infused into the regulatory landscape.
This guide aims to help boards authentically integrate an approach that balances profit with the needs of wider stakeholders into their governance strategy, and help build an economy that’s fit for the future.