2020- 2022 Policy Process | Green Party of Canada
Where GPC membership collaborates to develop our policies
G21-P011 Promoting Social Purpose Businesses
Submitter Name
Tom Whitlam
Ratification Vote Results: Adopted
Proposal
The GPC will develop policies to support the proliferation of social purpose businesses and corporations across Canada and internationally.
Objective
The single-minded pursuit of the maximization of profit and shareholder value is a core reason for many of our world’s troubles. A social purpose business is one that adopts a charter and a definition of fiduciary duty that requires the pursuit of social and ecological benefits for all stakeholders, as well as financial benefit for its owners and shareholders. This policy proposal aims to help these social purpose businesses proliferate across Canada and internationally.
Benefit
The benefits of such a change are immediate for the stakeholders of a social purpose business, including customers, suppliers, workers, Nature, and the communities where it operates.
Supporting Comments from Submitter
The best evidence comes from the success of registered Benefit Corporations (B Corps), of which there are 3,585 in the world in 74 countries, including 71 in Canada.
To win certification, B Corps have to complete a tri-annual Impact Assessment and score at least 80 points out of 200, winning points for the way they treat their workers, the community and the environment.
https://bimpactassessment.net/how-it-works/frequently-asked-questions/the-b-impact-score.
See also: The Purpose Revolution: How Leaders Create Engagement and Competitive Advantage in an Age of Social Good, by John Izzo and Jeff Vanderwielen.
Green Value(s)
Ecological Wisdom, Sustainability, Participatory Democracy, Social Justice, Respect for Diversity, Non-Violence.
Relation to Existing Policy
Add to current GPC policy
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Conversation with Sarah Gabrielle Baron
This would be an excellent subject area for EDAs and regional planning groups to focus on. Once the motions are all passed we will have to remind ourselves about this one, and make local lists to support and promote, share with each other, help out. Greens locally are doing this anyway, we just need to make it a higher profile that we are actively promoting and supporting these orgs, charities and co-ops. One idea might be if EDAs or regional groups do a monthly newsletter, we could all get in the habit of highlighting one group within that newsletter. Also, we could build a central database for every Canadian to access.
Spam. please delete.
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