Guest blog by Elle Adams – Programme Manager, Scotland CAN B
As we begin the recovery from the Covid-19 pandemic, a collective global awakening to ecological breakdown and social injustices, and with the inflection point of COP26 and looming on the horizon this November, we face an unprecedented moment to choose how we move forward, #buildbackbetter, and what kind of story we want to be able to tell about what’s going on in Scotland on the global stage.
Scotland is home to both the first Wellbeing Economy Alliance hub and the first national business-for-good programme of its kind, Scotland CAN B (a groundbreaking partnership between the Scottish Government and B Lab). Founded around a similar time in 2018, these pioneering initiatives have been established with a backdrop of Scotland’s long-term heritage of a strong social business ethics, and progressive and courageous national political and entrepreneurial ambitions.
The initiative was launched to explore what happens when you combine the entrepreneurial, innovative and business-for-good ambitions of one country, with the aim of catalysing a fundamental shift in the nation’s approach to business. The initiative draws on B Lab’s experience, standards, and the power of business accountability provided by impact assessment tools, and examples of best practice from certified B Corps, to ask:
“How might an entire nation learn to think, be and behave like a B Corp?”
or as the question has evolved over time:
“What might it take to build a nationwide culture of business as a force for good?”
In true Scottish “can do” attitude, we wholeheartedly embraced this challenge, and Scotland CAN B’s work since can be broadly divided into two strands, which we believe to be equally essential, interdependent elements towards leveraging the role of business towards catalying place-based economic systems change in Scotland.
These dual strands of work are:
- Fostering a national Impact Culture – cultivating coherence and alignment in the mindsets, language, tools and frameworks used about impact in Scotland’s business ecosystem
- Developing and delivering Impact Trainings – supporting businesses to learn to measure and manage their social, environmental, and governance performance with as much rigor as their profits
Scotland CAN B’s dual approach Theory of Change mirrors and supports the Wellbeing Economy Alliance’s own broader strategic approach of creating a new economic power base through building coherent knowledge and providing new narratives. We see Scotland CAN B’s work as equipping, enabling, and galvanising Scottish businesses and Scotland’s exceptional business support ecosystem to play their vital role as key agents in this process of economic systems change towards a wellbeing economy.
In short, the work of Scotland CAN B is to provide the mechanisms which realise WEAll’s vision, within the business sector.
Around the world today we are witnessing an inflection point for the redefinition of the purpose of the economy and role of business in society. Indications of this comes in different flavours; whether it’s investors and market forces demanding higher standards of environmental, social, and governance accountability, or momentum behind the campaign currently underway to reform corporate governance in UK – the ‘Better Business Act’ – which would align the interests of shareholders with those of wider society and the environment. We’re witnessing a new generation prioritising their values in their career and consumer choices, and calls across sectors for the repurposing of the economy from growth at any cost, towards the wellbeing of people, planet, and future generations.
It’s increasingly clear that business for good is simply better business; no matter how big or small, and whether you are people-, planet-, or profit- motivated; we’re all headed in the same direction. The question has changed from “why should we care?” to “what could we be doing better?” and “how do we not get left behind?”
“It’s increasingly clear that business for good is simply better business…”
In Scotland, WEAll Scotland and Scotland CAN B are both committed to ground these market demands, global imperatives, and this political rhetoric in reality. We’ve been working hard to develop and provide the inspiration, support and mechanisms to equip businesses to embody a wellbeing economy through their actions and accountability.
At Scotland CAN B, we’ve developed the Impact Journey – a cyclical, six module learning journey designed to support businesses in fostering impact awareness and accountability comprehensively across all areas of their business; from their core governance arrangements, through to how they interact with their employees, customers, the environment, and their local community.
But to catalyse the change we want to see at scale and pace across the nation, commensurate with the converging global challenges at hand, we soon realised we’d need to mobilise some extra support, and turned our attention to leveraging Scotland’s extensive business support ecosystem to join us on this mission.
Cue our flagship programme – the Impact Economy Advisors training, designed to train business support professionals in the latest frameworks, tools and perspectives to be able to help the businesses they support to better understand, measure and manage their impact. This year we will be ramping up delivery of the training, with participants joining us from across the spectrum of entrepreneurial support organisations in Scotland.
As more and more businesses and business-support organisations engage with the task of embracing their vital role in contributing towards the global Sustainable Development Goals, Scotland’s National Performance Framework, and embodying a wellbeing economy, we increasingly have proof of concept, and a sense that the change we seek is picking up steam – a nationwide operating system upgrade is underway, shifting the culture of business from a sole focus on profit, towards prioritising purpose and accountability for people and planet.
This is the moment, the intersection point, where humanity has more understanding than ever before of the complex and interdependent nature of the challenges we all face, yet also, crucially, a small window of opportunity and agency to take the rapid, proportionate action required to do something about it.
At this transformative moment in history, as the tide turns globally towards an emphasis on ESG accountability, the race to Net Zero, and with COP26 hosted in Glasgow on the horizon, it’s an exciting moment for Scotland to be poised to provide global leadership and a tangible example of what a nation of businesses embracing their vital role in the transition towards a wellbeing economy looks like in practice at a national level.
With the Wellbeing Economy Alliance Scotland, Scotland CAN B, and many others working together, we have an inspiring and galvanising story here to tell.