High end department store John Lewis is an employee-owned mutual organisation known as the John Lewis Partnership and is the largest co-operative in the United Kingdom. In 2018 Riverford Organics changed to being employee owned. Their new governance structure includes a democratically elected co-owner council representing all areas of the business. Two co-owners are also elected to sit on the Board of Trustees – the ultimate guardians of Riverford’s ethics and purpose. The company is also certified BCorp.
The group Better Business Act is bringing together a broad and growing coalition of leaders from across all sectors and regions of the UK. Their mission is to change UK law to make sure every single company in the UK aligns the interests of their shareholders with those of wider society and the environment. Their objective is to amend Section 172 of the Companies Act in line with these principles. To date over 800 companies have signed up.
The Global Reporting Initiative (GRI) standards have been strengthened so they deliver the highest level of transparency for impacts on the economy, environment and people,
with a major update to the very foundation of the world’s most widely used sustainability reporting standards, the Universal Standards, and the introduction of the first GRI Sector Standard.
Our tax and financial systems are our most powerful tools for creating a just society that gives equal weight to the needs of everyone. But under pressure from corporate giants and wealthy individuals, governments have programmed these systems to prioritise the wealthiest over everybody else, wiring financial secrecy and tax havens into the core of our global economy. For more information, check out Tax Justice Network which works to repair injustices by inspiring and equipping people and governments to reprogramme their tax and financial systems.
Fair Trade for all (Joseph Stiglitz and Andrew Charlton)