Canadian Purpose Economy Project

I'm proud to share the latest work of the Canadian Purpose Economy Project (CPEP) to help companies across Canada to explore and move farther down the path of the journey to building a business that delivers ROI Squared - Return on Investment and Return on Impact. The project has developed a vast array of resources for companies, covering topics from purpose definition and assessment, instructive case studies, supportive organizations, and playbooks. This week, CPEP has released three new resources for all businesses. They include: 1. Disclosing With Purpose: Guidance for Preparers and Users of Purpose Disclosures  2. Social Purpose Strategy: Bring Your Corporate to Life  3. Enhancing Risk Management Practices: A How-to Guide for Social Purpose Companies Dig into these tools and more to take the next step on your journey for purpose, growth, success, and impact. Shout out to Tessa Vanderkop and Coro Strandberg for their tireless work to develop the project and these resources. https://lnkd.in/dyYrWyMP #impact #businessforgood #techforgood #impactinvesting #purposeeconomy

10 OCTOBER EVENT! 🗓️ In partnership with the Canadian Purpose Economy Project (CPEP), Works Design will share the latest on how organizations communicate social purpose, based on its established Trends research and by applying key metrics from CPEP’s upcoming Purpose Disclosure Guidelines publication. Hear expert insights from CPEP and Works Design on how to communicate and report on purpose and learn from other global leaders on how they are engaging with, measuring, and communicating outcomes tied to purpose. #purpose #purposeeconomy #purposedriven #socialpurpose

More and more evidence of the purpose business case, assembed by Jon Duschinsky Canadian Purpose Economy Project

Last week CBSR members joined us for a session on Using Social Purpose as a Tool for Business Transformation, which we hosted in partnership with Canadian Purpose Economy Project.     Guest speakers included CBSR Members and Purpose Champions Mike Rowlands from Junxion Strategy and Maureen Young from Coast Capital Savings, who shared insights on purpose governance, mechanisms for purpose-driven change management, and how to create a business case for embedding social purpose (see graphic!).    Thank you to all the CBSR and CPEP community members who attended and made the session so meaningful!  Join our community to go further, faster, together: https://lnkd.in/gdCVs9ts   #BusinessTransformation #SocialPurpose #JustTransition 

Short analysis of the 21BA by McCarthy Tétrault: "Bill S-285, the 21st Century Business Act, which was recently introduced in the Senate without the support of any political party, proposes to amend the Canada Business Corporations Act (CBCA) to give legal force to the idea that corporations have positive social and environmental obligations. The proposed amendments prescribe an expanded purpose for every CBCA corporation linked to the fiduciary duties of directors and officers. The proposed amendments also require CBCA corporations, whether publicly listed or privately held, to publish an annual report outlining the corporation’s impacts on broader society and the environment."

📚 GPC's 26th Annual Corporate Governance Conference 📅 August 25-27, 2024 📍Whistler, BC ➡️ REGISTER HERE: https://lnkd.in/gKmaPD2m FEATURED SESSION: Corporate Purpose in an Age of Uncertainty Corporate governance continues to evolve. Organizations are now clarifying why they exist and their boards are taking on new responsibilities in purpose oversight as a result. This session will explore this trend as revealed in the State of Purpose Governance in Canada report and three governance experts will share their views. The panel will dive deep into the imperative and practicalities of purpose governance and the role of the board and governance professional to advance it in Canadian boardrooms. The discussion will include: - The benefits and challenges of purpose and purpose governance - How to overcome the challenges - Business benefits of purpose - Best practices in purpose governance - Challenges in purpose governance and how to overcome them - The role of the board and governance professionals in purpose oversight Speakers: Coro Strandberg, Liz Watson, Suzanne Hathaway, Barbara Stymiest CM, FCPA This conference is HYBRID! Unable to attend in-person? Join us LIVE virtually! #GPCConf2024 ------------------------------------------------------------------------------------ GPC Conference Sponsors: Alliance Advisors , Hugessen Consulting Inc. , Global Governance Advisors , Diligent , Watson Board Advisors , The Planning Group, The Chartered Governance Institute of Canada , Newsfile Corp. #CorporateGovernance #PurposeGovernance #BoardLeadership #PurposeDriven #BusinessPurpose #BoardroomStrategy #GovernanceBestPractices #PurposeOversight #CanadianBoards #GovernanceChallenges #BusinessEthics #BoardResponsibilities #GovernanceInnovation #CorporatePurpose #GovernanceProfessionals

Super excited to sit with this amazing group of purpose panelists at the Governance Professionals of Canada (GPC) Annual Conference next month - I hope you can join me to be part of this accelerating narrative! Canadian Purpose Economy Project Liz Watson Suzanne Hathaway Barbara Stymiest CM, FCPA

Ever read an article where you want the world to slow down and take a look? Here's that article for me. What I love about it: its data-driven approach to purpose realization. It is full of proof points for the purpose business transformation, and all businesses whether purpose-driven or purpose-curious should take a look - as should those who love them. On, and did I mention it is written by Afdhel Aziz (He/Him) - he's definitely a going purpose concern. Worth a follow. https://lnkd.in/gCDhbJPA Natasha Questel Lara Gerrits Tessa Vanderkop Mary Ellen Schaafsma Canadian Purpose Economy Project Brad Offman Keith Ippel Michelle Reid (she/her)

Purpose, Vision and Mission statements are distinct, complementary and essential parts of any organisation’s strategy, brand, and culture. Do you know the differences between them? Best examples from the LEGO Group, PayPal, Hemlock Printers, Green Element, Victoria Cool Aid Society, BC Cancer, Teach For America, WJS Canada, Artfinder | B Corp™, Crown Agents Bank and Catalyst Community Developments Society. #purpose #vision #mission #purposedriven #purposestatement #visionstatement

There’s a good chance your board has a ‘purpose gap.’   Companies exist to perform a purpose in society When a company does their purpose well, they also make money.   But too often, companies are managed as if the primary goal is money.   That’s a problem.   If your company claims to be purpose driven, but the board is only accountable for profit, the company will likely prioritize profit over impact.   Coro Strandberg, Founding Chair of the Canadian Purpose Economy Project, say that’s a risk:   "Boards that fail to oversee their company’s purpose put their companies at risk of inauthentic purpose or “purpose washing;” and worse, fail to realize the commercial and social impact of their purpose."   The solution? Purpose governance. That’s when your board has clear mechanisms in place to ensure they oversee, and are accountable for the company’s performance on purpose. Strandberg and other partners have been developing educational materials for boards and executives on purpose governance. Here are two that can help you and your board get started:    1: A "playbook" offers a set of guidelines that directors, boards and governance professionals can use to equip their boards for effective purpose governance. https://lnkd.in/gvp8XyDM   2: A recent webinar explored the following themes, and its recording is available: -         Link between purpose and strategy -         Board oversight of purpose  -         Role of purpose in board education and recruitment  -         Best practices in purpose governance – and more  https://lnkd.in/gjXYVHEH #purpose #purposefulbusiness #corporatepurpose #governance #sustainablebusiness