Grant Thornton Channel Islands has launched the Guernsey Good Business Charter (GGBC), a not-for-profit company, to recognise and reward good business behaviour. The GGBC is an innovative framework that benchmarks good business practice to demonstrate that organisations care about more than just profit.
Grant Thornton Channel Islands Human Capital Director, Susie Crowder, developed the GGBC to celebrate those businesses who already go the extra mile for their employees, their industry and the island in a range of areas and support those who need mentoring or guidance on their next steps forward.
At the launch event, which more than 100 people attended, Chairman of the GGBC and former Director General of the CBI, Lord Digby Jones, explained how it would benefit the island and its reputation to professionals abroad: “This is about demonstrating good business practice and flying the flag for Guernsey. The Guernsey Good Business Charter will be a sign that your business is on the right page at the right time for your shareholders, employees and wider stakeholders.
“All my life I have believed in the power of business as a force for good in the world. Here is a great opportunity for businesses to shine and to gain the recognition they deserve whilst attracting the right people, the right investors and the right customers,” said Lord Digby Jones.
The GGBC encourages organisations of all sizes, industries and sectors to apply. Following an application, the charter team will provide feedback on areas the organisation needs to address in order to qualify for the silver or gold stamp. These seven key areas are:
- Responsible strategy and meaningful values
- Business culture: seeking rewards for all stakeholders, including shareholders
- Human capital: diversity, inclusion and wellbeing
- Good corporate governance: trust, integrity, accountability and transparency
- Environmental and sustainable practices
- Commitment and service to customers
- Ethical sourcing and prompt payment
Susie Crowder said: “This initiative is open to all organisations: public, private and third sector. Our team will be able to provide advice to all businesses, from start-ups to large institutions on their operations as a ‘good business’.
“Being a positive force in the island is more important now than ever. But the GGBC also provides the opportunity for the island to promote itself as having good businesses with relevant values – another key unique selling point for the island and its community”.
A website with further information will be launched on 1 November 2020. Organisations can contact Susie Crowder for more information at Susie.crowder@guernseygoodbusinesscharter.com.
