Unit Of Impact’s Post

All U.S. B Corps are benefit corporations, but not all benefit corporations are B Corps (in fact, I bet very few are). Confused? Click below to read on to get clear . . .

💡Corporate proximity to human rights violations can result in financial costs for companies, leading to significant potential risks for shareholders. Read a new paper by Schroders, Wespath Benefits and Investments, and Heartland Initiative, Inc. that outlines the intersection between human rights and material financial risks.

It’s B Corp month, and at Bodhi, we’re excited to continue our journey towards certification.   Despite challenges, the B Corp movement continues to grow, with businesses making strides in improving their social and environmental impact. An interesting read - https://lnkd.in/eE6fxV3y #BCorpMonth #EthicalBusiness #SustainableBusiness #BCorpJourney

How do you prove your impact as a community business? 💥 In this Good Finance UK blog, ‘A Complete Guide to Measuring Social Impact for Community Businesses’ written by Plunkett UK, they break down everything you need to know to track and demonstrate your impact. It also includes a Social Value Calculator Spreadsheet to help with your calculations. Discover... 🚀 Nine principles to guide you 🚀 Tangible and intangible social impact 🚀 The benefits of measuring social impact and value ….and as a bonus, a case study – The Thorold Arms. Don't miss out on these valuable insights — click the link below to read the full guide and start measuring your impact today. https://lnkd.in/eBs3cW8P #SocialImpact #CommunityBusiness #ImpactMeasurement #Sustainability #BusinessGrowth

Social enterprise is business at its best. And, working with social enterprise means traditional businesses can be their best too. We talked to Australian Broadcasting Corporation (ABC) News and The Business with the Social Traders national awards winners – Edwina Walsh from Assembled Threads, and Nicole Donnison from business member ICON. Edwina and Nicole show what’s possible when business switches some of its spend to social enterprise. As Edwina says: “it's a fantastic game changer — to actually embed corporate responsibility and provide social and environmental impact." And from Nicole’s perspective: “it's really important to our people, to our team… it allows our people to live their values at work…. it’s not a cost it’s an investment."   It’s as simple as thinking differently about the business decisions made every day. Buying from a social enterprise offers quality goods and services that businesses need, as well as social or environmental impact in the same transaction.   Spending with certified social enterprises is increasing by 36% every year - $843m in total in the last six years.   But so much more is possible.    We’re continuing to build our conversations with the Federal Government about national social procurement activity and policy. We’ve been talking with Ministers, Secretaries, Deputy Secretaries and Ministerial Advisers across PMC, Treasury, Finance, Department of Employment, Department of Social Services, NDIS and Government Services. We hear that everyone is jumping on the social enterprise bandwagon. The conversation is moving from what or why, to how.   Why does any of this matter? Because social enterprise is a game-changer. As Edwina says, "it actually does transform someone's life”.   And that’s what we’re here for. 

What’s a Financial Wellness Plan, and why do you need one? Find out in our quick video.

Delighted to be included in the Blog for Good Finance on measuring social impact for community businesses. People often say "You know the price of everything, and the value of nothing", here's a way to calculate the value of your community business to you, your staff, volunteers, shareholders, stakeholders and community!

[Partner post] How do you prove your impact as a community business? 💥 In this Good Finance UK blog ‘A Complete Guide to Measuring Social Impact for Community Businesses’, Plunkett UK breaks down everything you need to know to track and demonstrate your impact. It also includes a Social Value Calculator Spreadsheet to help with your calculations. Discover...  🚀 Nine principles to guide you   🚀 Tangible and intangible social impact  🚀 The benefits of measuring social impact and value   ….and as a bonus, a case study – The Thorold Arms Don't miss out on these valuable insights—click the link below to read the full guide and start measuring your impact today: https://lnkd.in/eBs3cW8P 

“Business as usual is failing us. This is not what we want, and businesses know it’s not what we want.” Great read from Better Business Act Campaign Director and Executive Director of B Lab UK, Chris Turner, in celebration of #BCorpMonth. ⭐ Business plays a huge role in all our daily lives, however when it comes to solving major social and environmental crises, we see many businesses contributing to the problems rather than creating solutions. From the #PostOffice prioritising the needs of its main shareholder at the expense of its employees, to the P&O firing scandal, it is clear that it can no longer be optional for UK business to align the long-term interests of people, planet and profit. 🌍 The Better Business Act is campaigning for exactly that – an amendment to Section 172 of the Companies Act to ensure businesses align social and environmental impact with shareholder returns. Read the full article👇 https://lnkd.in/eEn79PHW #BetterBusinessAct #BetterBusiness

How co-ops and mutuals can measure their social impact. To help better quantify this value, my colleagues and I have come up with a method to measure the value created by co-ops, mutuals and other member-owned firms beyond the financial bottom line. We call it the Mutual Value Measurement Framework (MVM), and it has become the world's first accredited framework for measuring the total value created by co-ops and mutuals - both for members and wider society. https://lnkd.in/gsDGXrMh Sarah Adams Matthew Hall Paul Thambar Melina Morrison