New Year, New Resource Library

Newsletter from the Council for Inclusive Capitalism

The start of a new year, and the annual World Economic Forum gathering at Davos, Switzerland, can usher in a period of inspiration and ambitious goal setting for the year ahead. Since our launch, the Council for Inclusive Capitalism has provided a platform for our community of Stewards to share how these ambitions are being translated into concrete commitments to action. But knowing how to take action can be a journey in itself. This is why the Council community deeply values our Allies who provide guidance, leadership, and diverse voices to support the private sector’s drive towards inclusive capitalism.

As we kick off a new year, we are excited to preview our new resource library to support business practices which pursue profit to the benefit of people and planet. Launching later this week, the resource library is comprised of inclusive capitalism best practices, operational tools, and manuals from Council Allies.

Just as our Stewards put forward their best actions and investments, our Ally members are now able to submit resources on various inclusive capitalism topics that can help practitioners create a more equitable and sustainable capitalism. As with commitments, these resources align with the World Economic Forum International Business Council’s pillars for sustainable value creation — People, Planet, Principles of Governance, and Prosperity — and advance the United Nations Sustainable Development Goals.

By including this resource library, we are expanding our platform from highlighting the best ideas and business actions for a more inclusive and sustainable capitalism to include the resources needed to successfully implement these practices. I invite you to explore our new resource library here and empower yourself with better tools to create an inclusive and sustainable future.

Lynn Forester de Rothschild
Founder and CEO

At its best, business puts long-term growth and value creation ahead of short-term views. When evaluating investments CalPERS CEO Marcie Frost sees employee growth and meeting customers’ needs as positive signals.

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12 COUNCIL MEMBERS TAKE YOU BACKSTAGE IN STEPS FORWARD MAGAZINE 2023

From banking apps to beehives and from city hall to the factory floor, businesses are operating in ways that make a difference to people and the planet. Salesforce is re-orienting the company around a nature-positive strategy. Repsol is looking ahead with a renewed just energy transition strategy. And, Movii is building digital finance tools to bring unserved consumers into the market. Download a copy of our third annual magazine, or explore highlighted stories, below. DOWNLOAD THE MAGAZINE

	Unlocking Employment Opportunities for Formerly Incarcerated Workers Council Ally Jacob Hill shares how his own incarceration inspired him to launch an organization unlocking employment opportunities for workers with criminal records. Read the story »
	A New Nature-Positive Strategy Salesforce unveils new goals to go beyond net zero to regenerate nature and its services all businesses depend on. Dive into three action areas in its nature-positive strategy. Read the story »
	Improving Access to Financial Services Digital payments are safer, faster, and connect buyers and sellers to a broader global economy. With its zero-fee banking app, Movii gives unique markets access to the digital economy. Read the story »

UPCOMING EVENTS

GreenFin24
June 17-19

The Council for Inclusive Capitalism is partnering with GreenBiz again for GreenFin24. Stay tuned for more information about the conference, including a discount code for registration. Learn more here.

👋 WELCOME NEW COUNCIL MEMBERS

📰 INCLUSIVE CAPITALISM IN THE NEWS

Reuters | WEF’s new Faith in Action report features the Council’s Just Transition: A Framework for Company Action

EuroWeekly | Repsol expands renweable fuels to 600 service stations

Ford Foundation | The Ford Foundation partners with NSF and other philanthropic organizations to prioritize ethical and social considerations in emerging technologies

Journal Online | Ayala Corporation raises PhP6 million for educational programs

Manila Bulletin | The Council’s Lynn Forester de Rothschild discusses wealth inequality and inclusive capitalism
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ICMM | Council Ally ICMM and its members, including Anglo American and Vale, make landmark commitments to support a nature positive future

📖 DEEPER READING: EXPLORE ISSUES WITHIN INCLUSIVE CAPITALISM

The Latest Dirty Word in Corporate America: ESG
Author: Chip Cutter and Emily Glazer, the Wall Street Journal
This article explores how and why corporations are moving away from using the term “ESG.”

Rational Sustainability
Author: Alex Edmans, London Business School – Institute of Finance and Accounting; European Corporate Governance Institute (ECGI); Centre for Economic Policy Research (CEPR)
ESG is no longer a useful label for anyone. The label is no longer helpful, but what do we use now? Enter “Rational Sustainablity.”