Stepping up for Stakeholders
B The Change Weekly: November 6, 2020
Delivered on Fridays, B the Change Weekly delivers the most important and most relevant stories about people using business as a force for good. The newsletter features a weekly note from the B the Change team alongside insight and context on the stories we share here on Medium. Below is our latest roundup. To receive these insights directly in your inbox, sign up for B the Change Weekly today. Now on to the good stuff:
By mobilizing employees, customers, and communities during this U.S. election season, Certified B Corporations contributed to record voter turnout and volunteering at the polls while also strengthening democracy.
Now B Corps can use their voices to ensure every vote is counted — upholding the voices of the people. Once the votes are counted, B Corps will continue their systems change work through a belief in interdependence and a global vision of an inclusive, equitable, and regenerative economic system for all people and the planet.
Executing a roadmap for systems change requires stepping up, leading with resilience, and building interdependent relationships with all stakeholders to be successful — and sustainable. This week, we share roadmaps with a stakeholder mindset on worker supports, advocacy alliances, and business buyouts to build resilience and harness the collective power of the B Corp community.
How Companies Can Step up to Support Stakeholders
In this atypical year, businesses can do their part to provide support that helps ease burdens on employees and their larger communities. B The Change shares suggestions and resources so companies can better prioritize stakeholders and build positive impact within their spheres of influence.
The Payoff of Partnering with Other Stakeholders
Advocates for systems change can take lessons from new research that identifies a way to work with other stakeholders to reinforce their efforts and broaden impact. By teaming with employees in other companies to build an alliance, advocates can create a broader base of relationships and activity to fuel momentum — even in the face of slow progress and resistance.
Don’t Disregard Stakeholders During Shift to a New Owner
While a private equity group’s bid to buy Dunkin’ may look like a win for investors, the transaction could externalize costs that, over the long run, will damage diversified portfolios through value destruction to stakeholders. Learn why stakeholders should be part of the considerations during ownership shifts in this article from The Shareholder Commons.
Stay in the Know
Here’s your chance to catch up on recent articles:
- How Consumers Can Influence Corporate Accountability: Exploring the Global Supply Chain and One Innovative Law Firm’s Efforts in Protecting People and Planet from Corporate Abuse
- Building Toward a ‘Net Better Off’: Worker Expectations Move Beyond Money: Research Finds Gap Between Employee and Company on Ways to Support Well-Being
- How Your Business Can Continue to Address the Challenges of 2020 and Have a Lasting Positive Impact on Your Community: From Mental Health Assistance to Workplace Safety to Community Aid, Companies Can Step up to Support Their Stakeholders
- The Not-So-Sweet Bite of a Private Equity Buyout: Potential Dunkin’ Deal Illustrates Need to Consider Stakeholders During Shift to a New Owner
- How Building an Alliance with Peers at Other Companies Can Create Momentum and Amplify Impact: As Sustainability Advocates, Employees Can Spur Systems Change
- Earth Rising: The Global B Corp Community Responds to the Climate Emergency: Optimism and Radical Collaboration on the Road to a Zero-Carbon Future
- How Fair Trade USA and B Corp Certification Help Businesses Amplify Justice and Positive Impact Throughout Their Supply Chains: Companies Build Justice, Equity, Diversity, and Inclusion (JEDI) Through Collaboration and Stakeholder Empowerment
B The Change gathers and shares the voices from within the movement of people using business as a force for good and the community of Certified B Corporations. The opinions expressed do not necessarily reflect those of the nonprofit B Lab.
