Communities
Purpose Before Profit
This organisation puts its purpose before profit by reinvesting 100% of net profits into its environmental or social mission. To ensure the mission is always considered in business decisions, there is a legally binding governance measure in place.
Sustainable Development Goals
Proof Point Level
Product BusinessWhat are the requirements for this Proof Point?
Criteria
- 100% of net profits are distributed to an environmental or social cause
- A governance mechanism is in place to ensure environmental or social impact is always prioritised in decision making such as:
- The company’s Articles of Association include a legal commitment to creating positive social or environmental impact
- Board representation and voting rights are given to a representative of the natural world or a social cause
Information shared in this Proof Point
- Information on the cause supported
- Confirm 100% of profits are redistributed
- Information on how this is ensured
What documents do I need to supply?
Evidence should strongly support the claim and will be made publicly available
Please provide evidence that 100% of net profits go towards an environmental or social cause and that this commitment is legally binding, a combination of the following documents may be used to evidence this claim:
- Latest impact or sustainability report detailing the initiatives and how profits are redistributed
- Program/project report detailing the initiatives and how profits are redistributed
- Articles of Association or incorporation documents stating the legally binding commitment
- Lawyer’s or Accountant’s letter confirming the criteria above is met
- Relevant section(s) of annual accounts
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