What is inclusive capitalism?

We consider that Inclusive Capitalism is fundamentally about creating long-term value for all stakeholders – businesses, investors, employees, customers, governments and communities – guided by an approach that provides:

Equality of opportunity
for all people to pursue prosperity and quality of life, irrespective of criteria such as socio-economic background, gender, ethnicity, religion or age
Equitable outcomes for those who have the same opportunities and seize them in the same way
Fairness across generations
so that one generation does not overburden the planet or realize near-term benefits that incur long-term costs, at the cost of future generations
Fairness to those
in society
whose circumstances prevent them from full economic participation in the economy

Why is this needed?

56%

believe capitalism, as it exists today, does more harm than good

82%

say the current system is not working for them

48%

feel the system is failing them

Why Now?

-2

net ethical score even though business is ranked as the most competent institution. Ethical drivers are 3X more important to company trust than competence

54%

see business as unfair and only serving the interest of a few

73%

agree a company can take actions that both increase profits & improve conditions in communities where it operates

Why Us?

58%

have trust in business – it takes the lead in global governance

74%

agree CEOs should take the lead on change rather than wait for government

92%

of employees say CEOs should speak out on current issues

Aspirations for Systemic Change

Council members make actionable commitments aligned with the World Economic Forum International Business Council’s Pillars for sustainable value creation—People, Planet, Principles of Governance, and Prosperity—and that advance the United Nations Sustainable Development Goals.

People

  • Dignity & Equality
  • Health & Well Being
  • Skills for the Future

Planet

  • Climate Change
  • Nature Loss
  • Fresh Water Availability
  • Air Pollution
  • Water Pollution
  • Resource Availability

Principles of Governance

  • Governing Purpose
  • Quality of Governing Body
  • Stakeholder Engagement
  • Ethical Behavior
  • Risk & Opportunity Oversight

Prosperity

  • Wealth Creation & Employment
  • Innovation in Better Products & Services
  • Community & Social Vitality

Perspectives on the issue