Impact Topic Summary for Purpose and Stakeholder Governance
“One of the core aspects of B Corp Certification and B Lab’s Theory of Change is the B Corp legal requirement – a change in a company’s legal governance structure to require the consideration of stakeholders in its decision making.”
Article
The Purpose and Stakeholder Governance (PSG) Impact Topic guides companies to embed a social or environmental purpose and stakeholder-centric approach at the core of their governance and operations. It requires companies to align their strategy with a public purpose to make meaningful positive impact, involve stakeholders in decision-making, adequately respond to grievances, ensure leadership accountability for social and environmental performance, and report transparently on progress. Get an overview of the Impact Topic in this B Lab Global article.
By
B Lab GlobalTopics
Impact Topics, Purpose & Stakeholder Governance