Working together to change capitalism for good
WE ARE MOBILIZING THE PRIVATE SECTOR TO CREATE A MORE INCLUSIVE, SUSTAINABLE, AND TRUSTED ECONOMIC SYSTEM.
Capitalism lifts people out of poverty and powers global innovation and growth. But to address growing inequality and climate change in the 21st century, capitalism must adapt. We need new ideas and bold leadership.
The Council for Inclusive Capitalism is a global movement of leaders doing business in ways that benefit people, our communities, and the planet. We invite global business leaders—whether of a small community business or international conglomerate—to join us and put forth commitments to enlightened business actions necessary for the fairer, more dynamic economies and societies we need.
When our members take action and work together, we have the ability to advance market moving reforms. Collectively, our efforts can reshape the way capitalism works to improve the lives of people across the globe.
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Platform for action
Making economies more inclusive requires trying new ideas and making progress. Individually, Council members commit their organizations to specific, measurable actions and publicly declare these commitments on the Council’s online platform.
Collectively, our workstreams, like our just energy transition initiative, bring together industry leading companies with academics, experts, policymakers, and other stakeholders around market moving reforms.
Community of learning
Our members’ commitments form the largest public repository of real-world company strategies, innovations, and initiatives for a more inclusive capitalism.
Companies of any size across the globe can browse hundreds of commitments by industry, region, or topic to identify actions that they, too, can take.
Movement for change
The Council advances needed change at scale, emphasizing that the same values we rely on to do right by one another applied to capitalism form the foundation for stronger economies and societies.
Through their commitments, our members motivate and challenge their peers to likewise adopt impactful practices. As business leaders take up and apply the learnings of their peers, we catalyze the development of stronger economies and societies.
What is Inclusive Capitalism?
In short, business that profitably works for the common good. Read the Guiding Principles that define our movement.
OUR MEMBERS
Building more inclusive economies and societies takes an inclusive community of leaders with diverse experiences and strengths. Our members lead organizations large and small, and they encompass heads of businesses, foundations, and nonprofits from every sector and region of the world. Together, our Steering Committee members alone represent:
$10.5 Trillion
in assets under management
$2.1 Trillion
in market capitalization
Representing over
200 Million WORKERS
Offices spread across
163 Countries
and territories
We know more needs to be done for the benefits of capitalism to extend to all people, and that’s why we are growing this movement, taking action, and making progress on the commitments we make. Through their actions, our members set an example of a more inclusive capitalism and their actions lead others to consider what they can do. We invite all business leaders to join us to contribute their ideas and take action.
Our STory
In addressing the 2016 Fortune-Time Global Forum, Pope Francis speaking to business leaders stated, “[w]hat is required now is not a new social compact in the abstract, but concrete ideas and decisive action which will benefit all people and which will begin to respond to the pressing issues of our day.” Council founder and co-chair Lynn Forester de Rothschild has been convening world leaders to discuss solutions to the growing inequality and climate challenges since the Great Recession. Inspired by his words, she — along with founding Steering Committee leaders — formed the Council for Inclusive Capitalism to respond to Pope Francis’ challenge to business leaders to take action to extend the benefits of our economic system to all people while protecting the planet.
Q&A: Lynn Forester de Rothschild on Founding the Council.
OUR TEAM
The Movement
is an historic collaboration of CEOs and global leaders inspired by the moral guidance of His Holiness Pope Francis to harness the power of business for good.
Ours is a moral and market imperative to make economies more inclusive and sustainable with a movement of bold, business-led actions that span the economic ecosystem.
Our Values
The Principles for Inclusive Capitalism establish the foundational values that guide the movement. For more to benefit from our economic system, leaders are committing their organizations to transition operational and investment practices according to these values:
• TRUSTED by people to meet their needs
• FAIR promoting diversity, plurality and equality of opportunity
• RESPONSIBLE impact on others
• DYNAMIC to enable innovation, progress and adaptation
• SUSTAINABLE incentives aligned across generations
Concrete Actions
are the core of the Council’s work. Leaders and their organizations are committing to specific actions to create long-term value for all stakeholders in line with the International Business Council’s four sustainability pillars:
Invest in the Empowerment of People
Protect Our Planet
Foster Inclusive Prosperity
Elevate Principles of Governance
UN Sustainable Development Goals
are interlinked with our priority areas to drive and scale actions that support the UN’s call to end poverty, protect the planet, and ensure that all people enjoy peace and prosperity.
Vision of Outcomes
is to deliver long-term value to all stakeholders – businesses, investors, employees, customers, governments, and communities – guided by an approach that provides:
• Equality of opportunity
• Equitable outcomes
• Fairness across generations
• Fairness to those in society prevented from full economic participation
Through dedicated leadership, committed actions from organizations of all sizes, and a collective approach, we can extend the benefits of capitalism to all people and build a sustainable future for generations to come.
Our approach
Member actions are informed by the Guiding Principles of inclusive capitalism with an approach that aims to:
PROMOTE
a sense of responsibility within institutions and individuals to strive for the common good of humanity.
REFORM
global capital markets and business practices through concrete steps that define success as momentum in growing dynamic, inclusive economies and societies.
INSPIRE
collaborative actions from the business world, creative leaders, and society as a whole to advance the common goal of achieving inclusive capitalism.
drive
initiatives aimed at breaking down systemic barriers while creating opportunities to promote equality, inclusivity, and sustainability.
engage
other leaders from across different sectors and industries committed to best practices for the development of inclusive capitalism.
Latest insights
Join Fellow Leaders
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.
