News

A growing number of businesses are backing a change to UK company law as B Lab UK announces there are now 3,000 members of the Better Business Act coalition, marking a tenfold increase since the campaign’s launch in 2021.

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With Thames Water on the brink of collapse and sewage scandals breaking across all parts of the UK, serious intervention was needed from the new government. And that’s exactly what we’ve seen from Steve Reed, the new Secretary of State for Environment, Food and Rural Affairs.

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Now that polling day has passed and a Labour government has been elected, we reflect on some of the promises the party made in its manifesto and ask the important question: where do these commitments leave British businesses and the role they can play in creating the future we need?

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New research released today reveals that over three quarters of the UK public (76%) believe that, more than ever before, the law needs to change to give businesses a legal responsibility to prioritise people and the planet alongside making a profit.

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What if every business in the UK was purpose-driven?

In partnership with leading think tank @Demos, B Lab UK has launched The Purpose Dividend — an exploration into the potential for purpose-led business to drive the UK’s economic recovery.

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This year we’re opening the eyes of MPs, policy-makers, business leaders and the public with a two-week campaign — Wake Up to Better Business.

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As the cost of living crisis unfolds, the UK’s businesses will experience it in different ways but all face urgent decisions about how to respond. The Better Business Act and B Lab UK have produced a short guide showcasing some amazing examples of businesses taking innovative approaches to support workers and communities.

October, 2022

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Business Reporter, November 2021

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Dr. Mary Johnstone-Louis and Charmian Love in Harvard Business Review, May 2021

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Harvard Business Review, January 2021

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Britain needs business at its best

Over 3,000 businesses and organisations are demanding that company directors align social and environmental impact with shareholder returns.