Scotland's Economy

Scottish Business Pledge – Good for Business. Good for Scotland.

October 10, 2019 by No Comments | Category Business

The refreshed Scottish Business Pledge has been launched today following a review in 2018.

Making a commitment to the Business Pledge promotes fairness, equality, opportunity and innovation in Scotland, which in turn creates greater economic success and sustainable, inclusive growth.

The reinvigorated Business Pledge has been restructured to better support businesses seeking to make a Business Pledge commitment.

Key changes include the introduction of new elements and a new menu-based approach designed to help businesses tailor their Business Pledge by selecting those elements that work best for their business.

The Business Pledge now features three core elements: payment of the real Living Wage, action to address gender pay gap (proportionate to the size of the company), and no inappropriate use of zero hours contracts.

In addition, through a new menu approach, businesses are now able to commit to achieving any five of the following seven elements: environmental impact, investing in a skilled and diverse workforce, workforce engagement, innovation, internationalisation, playing an active role in the community, and prompt payment.

A Business Leadership Group (BLG) has also been established to help drive awareness and promotion of the Business Pledge. With Members representing a cross-section of businesses, this group will play an integral role in developing a programme of learning opportunities with a view to building capacity around all of the Business Pledge elements and supporting both existing and prospective signatories to make their commitment. This group will be chaired by Caroline Colliston, who is a Partner at DWF LLP. The group met for the first time today.

A range of business to business engagement events will be taking place in the coming months, providing advice and guidance on how your business can commit to the refreshed Scottish Business Pledge.

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