B Lab Global and Fairtrade International partner to support small companies in developing stronger due diligence
People and planet. It seems only obvious that these stakeholders should factor in the decision-making processes of every business. Companies of all sizes must understand the environmental and human rights risks associated with their practices and, increasingly, we’re looking to corporations to solve the societal problems to which they contribute. This is characterized by an increase in standards and regulations like the new EU Directives.
However, these standards and regulations can be intimidating to small or micro-sized businesses where guidance, generally aimed at larger corporations, can feel overly technical and inaccessible due to limited resources. Recognising this need, Fairtrade and B Lab have partnered to develop ‘People and planet in business - A simple guide to how small and micro companies can start or strengthen their due diligence’, supporting these companies in implementing socially and environmentally responsible business practices. The guide offers accessible and practical answers and step-by-step insights on how to navigate the realm of due diligence, even with limited resources.
Bernard Gouw, B Lab’s Senior Manager of Social Standards, says “Fairtrade and B Lab hope to demystify the landscape of due diligence and inspire small companies to leverage their potential in contributing to positive change. With the collective effort of small and large companies alike, the aspiration for all businesses to respect human rights and the planet can become a reality.”
Recognizing the need for guidance for small businesses, Fairtrade and B Lab have partnered to develop a joint guide supporting these companies in implementing socially and environmentally responsible business practices, even with limited resources.
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