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Better Business Act

Better Business Act

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About
Better Business Act

Join 870+ companies have chosen to be part of the coalition for a cleaner, greener, fairer future for all.

Marks & Pledges  
Ethos
Purpose :

Our mission is to change UK law to make sure every single company in the UK, whether big or small, aligns the interests of their shareholders with those of wider society and the environment.

Values:

We care about a cleaner, greener, fairer future for all.

Social Enterprise
How we help

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.

Our objective is to see these four principles reflected in an amended Section 172 of the Companies Act.

For many directors, this change in law will not materially affect their behaviours or the actions of their companies, but by becoming law it will no longer be a choice to align the long-term interests of people, planet and profit:

 

Aligned Interests

The interests of shareholders are now advanced alongside those of wider society and the environment. This establishes a new principle of fiduciary duty within Section 172 of the Companies Act.

 

Empowering directors

This change must empower directors to exercise their judgement in weighing up and advancing the interests of all stakeholders.

 

Default change

This change must apply to all businesses by default. It must no longer be optional to benefit wider stakeholders beyond shareholders.

 

Reflected in reporting

Following this change, businesses must report on how they balance people, planet and profit in a strategic report or impact report, where one is currently required.

With your support we can and we will act to make sure that every business plays its part in creating a cleaner, greener, fairer future for all.

 

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