This video covers sub-requirements under the Purpose and Stakeholder Governance Impact Topic that specifically apply to L to XXL companies, focusing on those relevant for year 0. The video uses a case study format to highlight examples of evidence a multi-site company might provide.
Specifically, the video aims to:
Clarify interpretation of the new standards under the Purpose and Stakeholder Governance impact topic focusing on select requirements applicable to L to XXL companies.
Provide examples of evidence a multi-site company might submit to meet the compliance criteria for select Purpose and Stakeholder Governance requirements.
The following sub-requirements are reviewed:
PSG1.1 The company establishes a public purpose to make a meaningful positive impact.
PSG2.2 The company has a stakeholder governance policy.
PSG2.3 The company conducts regular materiality assessments to assess and identify material topics.
PSG2.4 The company identifies material topics not addressed in the B Lab Standard, sets targets, and reports progress annually.
PSG3.3 The company has a publicly accessible grievance procedure allowing stakeholders to safely raise grievances and seek resolutions.
PSG3.4 The company tracks grievances, assigns accountability for resolving them and reports internally to the highest governing body and publicly to stakeholders.
PSG4.2 The company has a responsible marketing and public relations policy overseen by the executive team or highest governing body.
PSG5.5 The company includes social or environmental performance targets in performance reviews for managers.
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