Newsletter from the Council for Inclusive Capitalism

In this edition, we highlight how the Council and its members are driving systemic change through transparent governance, bold sustainability initiatives, and cross-sector collaboration. From shaping global financial standards to advancing a just transition, discover the key actions shaping a more inclusive and resilient economy.

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Inclusive Capitalism: Our North Star

In times of rapid change and shifting political currents, we stand by our guiding purpose: to build a more inclusive, sustainable, dynamic and trusted economic system. At the Council for Inclusive Capitalism, this commitment remains our North Star and we are deeply grateful for your participation and interest.

In a recent interview with the radio program Leadership Matters, I reflected on how my upbringing, faith, and career experiences shaped my conviction that business—at its best—can align benefits for people and the planet with healthy profits. With my Harvard Business Review op-ed, I delve further into how policy and business can work hand-in-hand to implement a combination of employment, tax and income policies that uplift workers, reduce inequality and drive long-term economic growth.

Recent conversations in the media—including my discussion with The Wall Street Journal last month—and on the global stage, at Davos and beyond, have illustrated how stakeholder-oriented business practices can be misunderstood, despite their power to drive meaningful change. Regardless of how terminology evolves in public discourse, the fundamental belief that fairness, innovation, and responsible stewardship lead to better outcomes for companies and communities remains unshaken.

Below you will find examples of how the Council for Inclusive Capitalism and its members continue to move the needle on inclusive capitalism through 2025.

If there is more you would like us to know about your activities, please reply to this email or reach out to us at info@inclusivecapitalism.com.

Onward,
Lynn Forester de Rothschild

The Council at the World Economic Forum in Davos

At the 2025 World Economic Forum in Davos, the Council for Inclusive Capitalism engaged with global leaders to champion inclusive and sustainable economic growth, with CEO Lynn Forester de Rothschild also chairing the WEF Council Meeting on Equitable Transition. From advancing an equitable green transition to strengthening moral leadership in business—our members led pivotal discussions shaping the future of capitalism.

Explore our key engagements, insights from Council leaders, and resources that highlight how businesses can drive real, lasting change for people and the planet.

Council Members Take Key Roles in TISFD Steering Committee

As a founding partner of the Taskforce on Inequality and Social-Related Financial Disclosures (TISFD), the Council for Inclusive Capitalism is thrilled to announce the launch of the TISFD Steering Committee. This global coalition of 25 senior leaders from finance, business, labor, and civil society—spanning 15 countries across 6 continents—will develop a transformative framework that incentivizes fairer, stronger societies and economies.

We are especially proud that Council members will serve in key leadership roles:

•    Marcie Frost, CEO, CalPERS
•    Romina Boarini, Director of the OECD WISE Centre at OECD
•    Caroline Rees, President and CEO, Shift
•    Delilah Rothenburg, Co-Founder & Executive Director, Predistribution Initiative
•    Carmen Correa, CEO, Pro Mujer
•    Peter Bakker, President & CEO at World Business Council for Sustainable Development
•    Sharan Burrow, Former General Secretary of the ITUC
•    Namit Agrawal, Social Transformation Lead at World Benchmarking Alliance

Their expertise and vision will help align financial practices with sustainability and equity, reflecting TISFD’s commitment to turning these principles into actionable standards. We look forward to our continued collaboration and to engaging all our members in driving meaningful change.

Read the full announcement here.

​​​Additional TISFD Updates

• Open Call for Members to Join TISFD Working Groups and Regional Councils
• TISFD Publishes Proposed Technical Scope

Resource Highlight

Collie’s Just Transition: a blueprint for the worlds eight million coal workers

Collie, a coal town in Western Australia, is forging a future beyond fossil fuels through collaboration between workers, businesses, unions, and government. With coal plants set to close by 2029, the community has proactively shaped a just transition—securing nearly A$700 million for new green industries and ensuring economic benefits today and jobs for tomorrow.

Explore Case Study

Inclusive Capitalism In the News

Our members are driving meaningful change across industries, geographies, and systems. Here’s a snapshot of their leadership:

• How Entrepreneurs Can Embrace Inclusive Capitalism
• DuPont Earns Perfect Score in Human Rights Campaign Foundation’s 2025 Corporate Equality Index
• State Street Announces Three Additional Bank Partnerships to Support Minority Depository Institutions and Community Development Financial Institutions
• Estée Lauder: Shaping the Supply Chain Worker of Tomorrow
• DuPont Water Solutions Receives Global Sustainability Leadership Award for Implementing UN SDG-6: Water for All
• World Benchmarking Alliance’s Financial System Benchmark reveal a stark reality
• UN Environment Programme’s Faith for Earth Coalition launches the Interfaith Women Council
• Salesforce Highlights How Farmers Can Scale Sustainability with Agentforce and Producers Trust (Video)
• Ayala-led ACEN Corporation Receives “A-” Rating For Its Climate Actions From the Carbon Disclosure Project (CDP)
• Temasek-backed investment firm GenZero and Mizuho Bank join forces to help Asia quit coal

Deeper Reading

Silencing Stakeholders
The Shareholder Commons

An emerging anti-shareholder movement in the U.S. is restricting investors’ ability to hold corporations accountable for environmental and social risks, undermining both financial markets and long-term economic stability. The Shareholder Commons outlines how legal challenges, government interventions, and regulatory shifts are limiting shareholder influence—particularly in proxy voting and systemic stewardship. Cases like the American Airlines retirement plan ruling and ExxonMobil’s lawsuit against its own shareholders highlight an alarming trend: the erosion of investors’ rights in favor of corporate and political interests. This shift not only jeopardizes responsible investment practices but also threatens diversified portfolios by ignoring systemic risks such as climate change and economic inequality. The report urges asset owners and institutional investors to resist efforts that weaken shareholder governance and ensure financial markets remain tools for sustainable, long-term value creation.

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