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.
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
- Please provide evidence that 100% of net profits go towards an environmental or social cause and that this commitment is legally binding
What documents do I need to supply?
*Evidence should strongly support the claim and will be made publicly available *
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
