A movement advocating for the Better Business Act is gaining traction, with over 150 business leaders calling for a shift in company law to prioritize social and environmental goals. Hosted by B Lab UK, the event underscored the need for corporate governance to evolve beyond shareholder interests, particularly in light of societal and environmental challenges. Support among businesses has surged, reaching over 3,000 endorsers, and parliamentary backing is also growing. Leaders like Mary Portas and Douglas Lamont emphasize the moral imperative for businesses to contribute positively to society and the economy.
The world is on a knife-edge - socially, culturally, environmentally. We're still shackled to rules made for a world that no longer exists. This is not just about economics - it's systemic. The Better Business Act is about choosing to be part of the solution.
The business case is clear. Last year, B Corps outpaced the national average with 23% revenue growth. Purpose-driven businesses are not only more resilient - they are economically stronger.
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