The climate emergency and social inequality are profound and pressing problems that can only be solved if we harness the potential of entrepreneurs, innovation and enterprise says the Better Business Act (BBA).
The BBA coalition currently consists of over 400 businesses. The campaign concept and strategy were initiated by B Lab UK, which acts as Secretariat to the coalition.
For the past half-century, business has become separated from the communities it needs to serve. The failure to align the interests of shareholders with those of wider society and the environment has contributed to a set of enormous challenges that threaten peoples’ health, wealth and the natural world.
76% in the UK want businesses to be legally responsible for their impact
BBA research shows that UK voters and consumers want business to do better. Three quarters of the UK public think business has a responsibility to protect the environment and the majority favour brands that do good in the world.
The Better Business Act will transform the way we do business, so that every single company in the UK, whether big or small, takes ownership of its social and environmental impact.
The BBA is urging all of Britain’s business leaders to call on the Government to amend Section 172 of the Companies Act to ensure businesses are legally responsible for benefiting workers, customers, communities and the environment while delivering profit.