r3.0 was established to convene a neutral, pre-competitive, global public good space for diverse stakeholders to co-create solutions whereby the sustainability community raises its level of ambition to play its rightful role in spurring a regenerative, distributive and restorative economy. r 3.0 does this by curating events (such as conferences, labs, and virtual online dialogues) and Blueprint Projects that gather Working Groups to collaborate on designing new structures that build off the foundations of existing standards and frameworks in order to recommend steps that boost transformation towards the ideal form of an economy that serves the wellbeing of all. The platform naturally fosters the type of collaboration that makes a new operating system for humanity possible.

The Reporting 3.0 Platform was launched in 2012 by BSD Consulting with the aim to create a global multi-stakeholder community focused on identifying and fulfilling the potential of reporting to serve the intersecting interests of sustainability, financial performance, and growth. To better serve this interest and expand its public good value, an independent not-for-profit structure was established in late 2016 under the name 'Oncommons'​.

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