Community Wealth Building Pledge

Businesses, organisations and schools who support the pledge will gain one of the three Community Wealth Building statuses and will enjoy a number of benefits of becoming a member.
14 January 2021

The pledge is a formal, yet voluntary, commitment from organisations across Newham to make decisions and take actions that tangibly demonstrate their support for the Community Wealth Building agenda. Businesses, organisations and schools who support the pledge will gain one of the three statuses: 

  • Community Wealth Building Signatories
  • Community Wealth Building Partners 
  • Community Wealth Building Champions 

The Community Wealth Building Pledge ambitions are closely linked to Newham’s objective to achieve long-term prosperity, wellbeing and fairness for local residents and respond to the borough’s Climate Emergency. Businesses who apply for one of the three statuses outlined above will be committed to achieving the commitments, which are the minimum requirements for organisations applying to be CWB Pledge Partners or Champions. Some of them include: 

  • Buy local
  • Prioritise sustainability
  • Be a fair employer
  • Be a fair landlord
  • Invest in staff
  • Support local residents
  • Pursue innovation

Benefits of becoming a member

The pledge has been created to provide a common framework for all organisations, especially businesses, to understand and act on community wealth building. It is not a competition but has been designed to recognise the achievements of all organisations in Newham and is reliant on organisations making decisions and taking actions that drive forward community wealth building across the borough. If your organisation is successfully awarded with Partner or Champion status, you will:

  • Be recognised for your exemplary community wealth building organisational practices
  • Be able to market and build your brand around your status including self-promotion to the residents of Newham, suppliers, customers, investors or even when recruiting staff and retaining current workforce
  • Have your status kite mark added to your Newham Business Directory account should you have one

and more...

To achieve any of the three statuses, organisations will need to complete an online application form outlining how they have addressed the identified categories. The pledge has been designed to be flexible to reflect the varied circumstances, and abilities, of organisations to work towards the stated goals. Organisations are, therefore, not required to deliver across all themes or their associated ideas, but should choose those that are most relevant to them.

For more in-depth information please refer to 'Learn more' below. 

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