Namrata, who lives in Fulham, London, with her husband and two children, said creating a sense of purpose should be a high priority for all businesses.
“I think brands that don’t introspect deeply about their purpose are possibly not going to make it to the next level of growth,” she said. “Purpose is a business goal — I think it should lead to better shareholder value, better financial results and deeper relationships with customers.”
Ask Namrata what she’d say to anyone going for B Corp status and she gives a clear answer.
“Congratulations,” she said. “It’s a big move that will ultimately help your business gain traction with the right audience. It shows you’re truly trying to build something that will benefit people and society.”
She said people were smart enough to know if it was “just another slogan” but added, “What B Corp does is put some weight behind impact goals and help you hold yourself accountable in a measurable way. The main thing is to take your time. It requires a lot of careful research. Put a team together to work on it and make sure you compile all the data you’ll need.
“But most importantly, be very, very clear on the one big difference you want to make in the world.”
To learn more about the process we undertook to become a B Corp at Coutts, please email our Sustainability Manager Emilia Li who’d be happy to help.