Shape policy environments conducive to the growth of for-benefits while ensuring their accountability.
Policy and regulatory environments are critical to the ecosystem’s development and scaling. For-benefits need a comprehensive policy regime consistent with the depth and breadth of the policy environments that enable the other sectors.
This includes legal recognition and formalization as a distinct class of entity, appropriate tax treatment, transparency requirements, accountability standards, regulation of investments, and much more.
While fourth sector policy will vary according to the unique requirements and concerns of each country and region, certain principles of social equity and environmental sustainability will need to remain consistent with global norms.