What does purpose look like in a crisis?

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Amelia Watts, Communications Manager, A Blueprint for Better Business

Over the last weeks, we have all experienced rapid change in response to Covid-19 and the economic uncertainty we face as a society. We wanted to share just a few illustrative examples of the positive ways in which businesses are responding. We hope this will show how companies can make thoughtful and compassionate decisions in difficult times and we aim to highlight, where we can, the thinking we believe sits behind them around relationships, people, purpose.

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What does a ‘good’ purpose statement look like?

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Amelia Watts, Communications Manager, A Blueprint for Better Business

Last year Unilever CEO Alan Jope, said to an audience at Cannes Lions: “Woke-washing is beginning to infect our industry. It’s putting in peril the very thing which offers us the opportunity to help tackle many of the world’s issues.” He added: “Purpose-led brand communications is not just a matter of ‘make them cry, make them buy’. It’s about action in the world.”

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Purpose and culture

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Soulla Kyriacou is COO of A Blueprint for Better Business

Purpose is having a moment. From Larry Fink’s letter to CEOs back in 2018 to the changes in the UK  Corporate Governance Code, and more recently the statement on purpose from the US Business Roundtable. There is now a growing expectation that every business should be clear about its purpose.

Investors can play a significant role in advancing the purpose movement through their investment decisions and active ownership as well as through themselves being purpose-led businesses.

Writing for the Investment Association, Soulla explores the link between purpose and culture.

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