All Posts By

Amelia Watts

Calls for climate action from across society

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Amelia Watts, Blueprint

At Blueprint, we believe that every step towards climate action is something that should be recognised. There has been a huge surge in citizen activism – notably the school strikes across the world – and the last few days have seen a flood of activity around the challenge that climate change presents to society.

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Paper: Fairness in business

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On March 5th A Blueprint For Better Business is hosting a panel discussion on How Not To Run An Unfair Business in partnership with the RSA to explore what fairness in business is, why it matters and how business leaders can challenge themselves to go further on fairness.

Click here to watch the event and join the debate on Twitter: #RSABlueprint

If you would like to explore this topic in more depth, you can download A Blueprint For Better Business’s paper Fairness in Business

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5 insights about purpose-led employers and how to apply them to your workplace

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Following Blueprint’s ‘Becoming a Purpose-led Employer’ panel on June 11th, we wanted to share five of the themes that emerged during the event.

Chaired by Andrew Hill, Management Editor of the FT, panelists include Kate Glazebrook, CEO and co-founder of Applied, the Behavioural Insights Team’s first tech venture, Maaike de Bie, General Counsel of Royal Mail, and Jason Stockwood, Simply Business Group CEO, previously MD of Match.com. The discussion focused on how businesses, from start-ups to large established companies, can best address the varying challenges of being a responsible & responsive employer.

This is just the first in our first in our ‘Principles of Purpose’ event series – our next will explore what it means to be honest and fair with customers. If you’re interested in attending future Blueprint events, please sign up to our mailing list.

In case you missed it, here’s Blueprint’s perspective on what it means to be a responsible and responsive employer and why it matters.

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The role of business in promoting inclusive growth

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‘There is strong evidence that the current level of inequality is unsustainable from a political, social and economic perspective. We have changed the inclusive growth narrative, but now action must follow.’

Gabriela Ramos, OECD Chief of Staff and Sherpa to the G20, speaking to the OECD Global Parliamentary Network, London, 5 April 2018

Governments cannot act alone if we are to achieve the aims of the Sustainable Development Goals (Global Goals) and support inclusive growth, businesses must play their part. As employers, investors and product or service providers it is critical for companies to recognise their role in meeting the needs of marginalised groups, reducing inequalities and shaping policy and regulation. In fact, it is in their interests to do so, because a more equal economy will benefit them. A recent report has estimated that achieving the Global Goals would open up more than $12 trillion in business savings and revenue and create 380 million new jobs by 2030. This would deliver financial returns, better-educated employees, and higher consumer purchasing power.

Looking forward how can businesses change their practices to achieve inclusive social outcomes? And what does the purpose-led business of the 21st century look like?

Business leaders associated with Blueprint, including Sir Mike Rake, Chair of Advisory Council; Sue Garrard, Blueprint Trustee and Executive Vice President, Sustainable Business & Communications, Unilever; and Sacha Romanovitch, Chief Executive, Grant Thornton joined the conversation with the OECD and representatives from 70 parliaments. Here we share their perspectives and experiences on what it means to be purpose-led and how businesses can support growth that delivers for society.

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Finance has a purpose, done well it has a huge role to play in society

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Over the last year, the discussion around how financial services, in particular investors, are responsible for the management of companies has grown. Activist investors, once seen as “corporate raiders” intending to radically change a company to increase stock value for short-term gains, are now viewed as possible stewards of increased diversity and better corporate governance. Mainstream investors have turned activist in areas such as weapons manufacture, climate change, excessive pay, diversity, and inappropriate behaviour by senior management.

Speaking to the OECD Global Parliamentary Network, hosted by the UK All Parliamentary Party Group (APPG) on Inclusive Growth at Parliament last month, Dr Hari Mann, Hult Business School and Visiting Fellow at Cass Business School, argued that the purpose of finance in society goes far beyond the role of investors and always has. Finance has a purpose, he said, and done well it has a huge impact and a significant role to play in society.  He highlighted four defining areas where finance impacts inclusive growth.

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What does it mean to be a responsible and responsive employer”?

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Ahead of Blueprint’s ‘Becoming a Purpose-led Employer’ panel event on June 11th, here’s our take on what it means to be a responsible and responsive employer and why it matters. We welcome your views and invite you to share any questions or topics you would like to see discussed at the event. You can download the full paper ‘What does it mean to be a responsible and responsive employer?’ here. 

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How can investors tell if a company is genuinely purpose-led?

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Written by Michael Hilton and Charles Wookey

What questions should I ask to get under the skin about whether a company is serious about purpose?

In March 2018, Blueprint and Quintin Price (former global head of active strategies at BlackRock) convened a group of 10 leading stewardship investors. Together they drafted a short list of questions which they believe will help investors respond to this challenge. You can download the full paper ‘How can investors identify purpose-led companies?’ here.

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How can the financial services industry work with policymakers to support inclusive growth?

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‘At a time when technology is rewriting international financial services, we need to ask how policy is best placed to manage this process and ensure it reduces inequality and creates inclusive growth’

Greg Medcraft, Director of the OECD Directorate for Financial and Enterprise Affairs addressing the OECD Global Parliamentary Network, hosted by the UK All Parliamentary Party Group (APPG) on Inclusive Growth at Parliament, London, 5 April 2018

Inclusive growth requires long-term investment in people, places and industries. Across the world by 2020, $111 trillion will be under management by financial institutions. This places the Financial Services (FS) industry in an amazing position to impact positive social and economic outcomes. It also means it can no longer be just about diversifying risk, FS organisations must also play a role in managing systematic risk.

As is increasingly acknowledged, the rising risks of inequality are one of the critical motivating factors driving FS companies to play a greater part in supporting inclusive growth. Speaking on behalf of the OECD, Greg Medcraft explored three key shifts – trust, digitalisation and globalisation – that are hugely affecting FS businesses and how they might work together with policymakers.

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