Could every business be a force for good within 10 years? - B Lab UK

Could every business be a force for good within 10 years?

B Lab UK has launched a new strategy with a bold ambition. Executive Director Chris Turner shares more about its inception.

B Lab UK’s strategy has been developed and piloted over more than a year. It’s a year that has ushered in profound change to the context in which we work. We’ve seen new governments in the UK and the USA, with the latter accelerating headwinds against business progress on environmental and social issues, and against diversity and inclusion in particular. These pressures reinforce our belief in the change that is necessary,and they must strengthen our commitment to bold goals in the face of resistance. They also remind us that, among the many competing meta narratives of our age, constant change is the common theme. It is a theme we must embrace.

To be introducing a five year strategy for B Lab UK as we navigate these changes, we must acknowledge the necessary hubris behind any multi-year plan: we can set a destination, but we would be foolish to believe that we know what lies around the corner. 

This strategy then, like any good strategy, does not promise all the answers. Instead it tells a story — and it is a story about changing the world. However, this story is open-ended. We are at the beginning, setting the scene.

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Just like any good story, this strategy is about people.

In the coming months, we will take a major step forward with a new set of standards for B Corp Certification, due to be published imminently. These standards, developed globally in consultation with thousands of academics and business leaders across the world, present a moment of transformation for our movement. They offer very tangible proof of concept of the way that good business can be done, in a way that is both ambitious and attainable. And this in turn helps to bring clarity to B Lab UK’s goal as stewards of that movement: how can we use this proof of concept to change the wider system and culture of business, so that rather than being an outlier, business as a force for good becomes the norm?  

Equipped with these new standards, and navigating this uncertainty, what fuels our vision and animates our strategy is its humanity. Just like any good story, this strategy is about people. It is about the kind of work we all want to do, the kind of organisations we want to be part of, and the kind of world we want to live in.

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We will not achieve our goals alone. This work has been developed in conversation with friends and allies, and it will only be successful if we can truly live up to our aspirations of being part of a ‘movement’ - interdependent with others who share our vision for change.

B Lab UK’s strategy, therefore, is designed to solve a central challenge: how to be at once human — focused on connection, compassion, wellbeing — while at the same time speaking, acting, and aiming with the very highest ambitions for positive change, at the systems level.

We've captured this challenge in an ambitious 10-year goal: for all UK businesses to be a force for good within the next ten years.

This is a challenge we embrace. We welcome it because, as John F. Kennedy would say 'it is hard', and also because it reflects the fundamental challenge of business and the economy in the 21st century: how to scale, to build a resilient economy, while also reconnecting with people and the planet; taking true ownership over this impact and turning its enormous power to solving profound problems.

We've captured this challenge in an ambitious 10-year goal: for all UK businesses to be a force for good within the next ten years. Yet crucially, we don't yet know what this future will look like — we will build it together with a wider movement of individuals and organisations who share our vision. We will need to learn every step of the way.

And the people we will learn from are of course those already using business as a force for good — those working in, for, or with B Corps and other purposeful businesses — the leaders without which we could not dream of such ambition. The UK B Corp community has created momentum for a different kind of business.  In this strategy you'll read about how we see our role to unlock their ability to influence change at scale.

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B Lab UK is privileged to lead this work. The growth of the B Corp movement has been a shared endeavour and we recognise the opportunity, the responsibility and the challenge in lifting our ambition. 

And so we return to the theme of humanity. B Lab UK, like the businesses we work with — is a group of people, united by a shared goal, whose success rests on how well we learn and collaborate along the way. So our strategy explicitly calls out the people, the skills, the connections, that will be necessary to pull this off. We look forward to hearing what you think of it, and to writing the next chapter in this story of change together.

This strategy wouldn’t be possible without the help of other organisations and individuals who shared their knowledge and expertise with us to inform its development. Thank you to: 

  • Autonomy 
  • Climate Majority Project 
  • Beyond Governance 
  • Climate Reframe 
  • ShareAction 
  • British Academy 
  • British Chamber of Commerce 
  • Business on Purpose
  • Chartered Management Institute
  • CommonWealth
  • Dark Matter Labs
  • Clover Hogan 
  • Economic Change Unit
  • Forster Communications
  • Future Generations Wales
  • Institute of Directors
  • IPPR
  • Living Wage Foundation
  • New Economic Foundation
  • P4NE
  • Kin + Carta 
  • REAL Fundraising 
  • Resolution Foundation 
  • Scotland Can B
  • Go Ethical
  • Social Market Foundation
  • Joseph Rowntree Foundation
  • The People’s Powerhouse

And a huge thank you to our early adopters who reviewed our strategy draft and shared their feedback: 

  • Thomas Bourne, B Leader and founder, Green Heart Consulting
  • Sophie Brooks, B Leader and founder of Fit For Purpose 
  • Phil Walsh, founder, learning to achieve 
  • Soulla Kyriacou, COO, Blueprint for Better Business 
  • Laura Matz, B Leader 
  • Dyann Heward-Mills, founder and CEO, HewardMills 
  • Sulaiman R. Khan, founder and chief radical officer, ThisAbility
  • Adam Garfunkel, B Leader and co-owner, Junxion Strategy
  • Erinch Sahan, business and enterprise lead, Doughnut Economics Action Lab
  • Nicki Clarke, CEO, WE ARE UMi, Trustee, B Lab UK
  • Louise Harman, partner, Bates Wells, Trustee, B Lab UK 
  • Anu Chugh, Trustee, B Lab UK