What is the Good Business Charter?
The Good Business Charter is a simple accreditation which organisations in the UK can sign up to in recognition of responsible business practices.
It measures behaviour over 10 components: real living wage, fairer hours and contracts, employee well-being, employee representation, diversity and inclusion, environmental responsibility, paying fair tax, commitment to customers, ethical sourcing, and prompt payment.
There are other standards that organisations can sign up to – what makes GBC different?
Responsible business practices need to be embedded in the organisation and aligned with the purpose of the company. The GBC is a fantastic framework and starting point to enable you to tackle both those challenges.
Jennie Colville, Responsible Business Director, Capita plc
We believe the simplicity and basic ethical principles of the GBC will be key to its success. Application is through an online self-certification process and takes less than one hour to complete. Signing up to the GBC is free in the first year and annual fees will be modest thereafter depending on the size of the organisation. The GBC is a non-profit making organisation funded by private sponsors who are keen to be supportive of responsible capitalism. We hope the GBC, because of its simplicity and cost effectiveness, will quickly gain support and therefore critical mass, which will give it important and influential authority to change business practice for good. It is applicable for all sizes and types of organisation which we believe will also appeal.
Will it change organisational behaviour?
We hope so. In order to sign up to the Charter each organisation will need to evaluate the way it operates in relation to the ten component areas. As more organisations get involved, and as GBC members get publicly recognised and rewarded, we hope that it will become increasingly difficult for companies, charities and public sector organisations to sit outside this framework.
Small companies and small third sector organisations
In recognition that 99.3% of all businesses in the UK have less than 51 employees and given the level of interest we had from smaller organisations in the first few months of the Good Business Charter’s existence, in January 2021 we launched a streamlined version for organisations with up to 50 employees, developed in collaboration with FSB (Federation of Small Businesses). This assessment seeks to use language more accessible to this size of organisation whilst still upholding the same standards of the 10 components of the GBC.
Good Business Charter
Take the first step now and sign up with us today. If you receive accreditation to the GBC, membership will be FREE for the first year.
Calling all employees, customers and suppliers.
If you have reason to believe that a GBC accredited organisation is not meeting its obligations, please let us know.