by Khalil Osiris
Imagine a world where businesses not only strive for financial success but also work towards creating a more equitable and sustainable environment for everyone.
Does this sound too good to be true? Well, the Council for Inclusive Capitalism is turning this vision into reality.
In this blog post, we will explore the transformative power of inclusive capitalism, how it is reshaping the way businesses operate, and what you can do to join this global movement for positive change.
- Business leaders unite to promote ethical business practices and equitable outcomes for all.
- The Council for Inclusive Capitalism is a global nonprofit organization committed to creating meaningful change through initiatives such as Bank of America’s Pathways Program, Fortis Lux Financial’s commitment to increase women and minorities in its workforce, BP’s goal of implementing enhancement plans by 2030.
- Join today, become part of an inspiring movement that drives measurable impact toward a more equitable future!
Understanding Inclusive Capitalism
Inclusive capitalism is an economic system that aims to create a more equitable and sustainable foundation for the world by promoting opportunity, equitable outcomes, and fairness.
The Council for Inclusive Capitalism is a global nonprofit organization that unites top business and investment leaders with other organizations and investment leaders to drive positive change and create a more inclusive, sustainable, and trusted economic system.
Through the power of the private sector, the Council is committed to leveraging its members to build an economy that rewards all stakeholders and fosters full economic participation.
This approach to capitalism holds the potential to address pressing social and environmental challenges, transforming the way we live and work.
Promoting integral human development
At its core, the Council for Inclusive Capitalism is dedicated to promoting integral human development by encouraging ethical business practices that benefit individuals and communities.
As a member of the Council, businesses have access to invaluable resources, guidance, and support to help them develop and execute ethical practices that ensure equitable outcomes and fairness.
The Council is also an ally of the Truth & Reconciliation Conversations (TRC) initiative, which facilitates meaningful conversations between stakeholders on important issues such as just energy transition.
By building connections and fostering dialogue, the Council is championing a more inclusive and equitable world.
Opportunity, equitable outcomes, and fairness
The Council for Inclusive Capitalism is focused on:
- Providing opportunities and ensuring fairness in achieving equitable outcomes for all
- Advocating for policies that promote diversity and inclusion
- Working to eliminate systemic biases and discrimination
- Creating a world where everyone, regardless of their background or circumstances, can enjoy full economic participation and access to resources.
Opportunity is defined as a beneficial moment in time or a situation where individuals can seize the chance to do something they desire, such as participating in economic co-operation.
By embracing this definition and striving for opportunity equitable outcomes fairness and inclusivity, the Council is helping individuals and businesses unlock their full potential and contribute to a better future for everyone.
The Council for Inclusive Capitalism: A Global Nonprofit Organization
The Council for Inclusive Capitalism is a global nonprofit organization that gathers business leaders from around the world, from small community businesses to international conglomerates, to foster positive change and create fairer, more dynamic economies and societies.
By uniting these influential leaders, the Council is driving forward a more inclusive and sustainable economic system, promoting integral human development and paving the way for a brighter future.
The Council’s platform is an inspiring space where both private sector and public sector leaders can share innovative ideas and business actions for creating more inclusive and sustainable economies.
The platform offers:
- Hundreds of exciting initiatives and groundbreaking innovations
- Categorized by sector, geographic region, or UN Sustainable Development Goal alignment
- A vibrant community of ideas that fosters the most effective private sector practices on a larger scale.
Business leaders united for change
The Council’s mission is driven by a core group of influential global leaders known as Guardians for Inclusive Capitalism, who collaborate with moral leaders such as Pope Francis and Cardinal Turkson.
These council members include remarkable figures such as:
- Oliver Bäte
- Marc Benioff
- Mark Carney
- Lynn Forester de Rothschild
- Brian Moynihan
- Carmine Di Sibio
All dedicated to inspiring business and investment leaders to embrace the Council’s guiding principles and make public commitments to act on them.
By uniting these business leaders for change, the Council is fostering a global movement that encourages companies to adopt ethical business practices and contribute to building a more inclusive and sustainable world.
Collaboration with moral guidance
The Council for Inclusive Capitalism is proud to partner with moral leaders, such as Pope Francis, to ensure that its mission is driven by moral principles.
By collaborating with these moral leaders, the Council is upholding ethical principles and values in its work, enabling it to create a more equitable and inclusive world.
Moral guidance is an invaluable tool that provides individuals with the principles, beliefs, and values to help them make ethical decisions and navigate moral dilemmas.
By incorporating this moral guidance now, the Council is empowering its members to pursue meaningful change and establish a lasting legacy of positive impact on society and the environment, addressing both moral and market imperatives.
Private Sector Actions for a Better Future
The Council for Inclusive Capitalism encourages private sector actions that contribute to a brighter and more prosperous tomorrow.
By embracing the Council’s guiding principles, businesses can strengthen their operations, generate positive social, economic, and environmental outcomes, and ultimately lift people out of poverty.
One inspiring example of private sector action is Bank of America’s Pathways Program, a 5-year commitment to hire 10,000 individuals from low- and moderate-income neighborhoods into the bank’s Consumer and Small Business division, providing them with essential skills training.
This initiative demonstrates the power of the private sector to drive meaningful change and create a more inclusive and sustainable world for all.
Fostering diversity and inclusion
The Council for Inclusive Capitalism actively strives to create a culture of diversity and inclusion within their organizations and industries.
By joining the Council, businesses can access valuable resources and support to help them develop and implement practices that promote diversity and inclusion within their workforces and communities.
One way the Council is making a difference is through Fortis Lux Financial’s commitment to increase women and minorities in its workforce by 20% by the end of 2023. Additionally, the company is committed to delivering 50 financial plans to clients belonging to minority groups within three years.
This is just one example of how the Council is driving forward a more inclusive and equitable economy.
Environmentally responsible practices
The Council for Inclusive Capitalism is committed to promoting environmentally responsible business practices to safeguard our planet.
By supporting initiatives that reduce environmental impact and protect natural resources, the Council is helping to create a more sustainable future for all.
One inspiring example of a company implementing environmentally responsible practices is BP’s commitment to enhancing biodiversity around their existing major operating sites.
With the goal of having 100% of major operating sites implement enhancement plans by 2030, BP is demonstrating the potential for businesses to make a positive impact on the environment.
Investing in health and well-being
The Council for Inclusive Capitalism emphasizes the importance of investing in health and well-being for all to promote a brighter future.
By focusing on the holistic aspects of health, including mental, physical, and social well-being, the Council is helping individuals and businesses unlock their full potential and contribute to a better world.
One example of a company demonstrating a commitment to health and well-being is Johnson & Johnson. The company is utilising digital technologies to tackle pandemics and epidemics. By 2025, they will provide open access to a vaccination monitoring platform to the world.
This initiative showcases the power of businesses to drive meaningful change in the realm of health and well-being.
Success Stories: How Inclusive Capitalism is Changing the Game
As a testament to the transformative power of inclusive capitalism, the Council for Inclusive Capitalism has enabled businesses to create positive social, economic, and environmental outcomes.
These inspiring success stories demonstrate the remarkable potential of inclusive capitalism to create meaningful change in the business world.
From the launch of the Inclusive Capitalism Fund, which invests in companies dedicated to creating positive outcomes, to the countless businesses that are making a tangible difference in their communities, inclusive capitalism is changing the game.
By embracing this approach, businesses can not only succeed financially, but also make a lasting impact on society and the environment.
Addressing the challenges of inclusive capitalism presents us with a unique opportunity to tackle:
- social disintegration
- market or policy failures
- income and wealth inequality
- the need for profound interventions
By joining forces as a community, businesses can make progress towards a more inclusive and sustainable future and address these challenges head-on.
The Council for Inclusive Capitalism is actively working to support businesses as they navigate the obstacles and complexities of implementing inclusive capitalism practices.
With the guidance and resources provided by the Council, businesses can overcome these challenges and drive forward a more equitable and inclusive world.
The Council for Inclusive Capitalism is committed to measuring the success of its mission through its ability to strengthen businesses, generate positive outcomes, and lift people out of poverty.
By setting outcome targets through measurable actions and actively measuring progress, the Council is demonstrating the power of the private sector to create a more inclusive, sustainable, and trusted economic system.
These measurable impacts are a testament to the potential of inclusive capitalism to transform businesses and societies, ensuring full economic participation and equitable outcomes fairness.
By embracing this approach, companies can not only achieve financial success but also create a lasting legacy of positive impact on the world.
Join the Movement: Becoming a Member of the Council for Inclusive Capitalism
By joining the Council for Inclusive Capitalism, businesses can:
- Become part of a global movement for change
- Contribute to a more inclusive and sustainable world
- Gain access to invaluable resources
- Network with other like-minded organizations
- Receive support for implementing inclusive capitalism practices within their organizations and industries.
Membership offers these benefits and more.
If you are interested in joining this inspiring network of business leaders who share your values, visit the Council for Inclusive Capitalism’s website and fill out the application form.
Don’t miss out on this amazing opportunity to make a real difference in the world and be part of a powerful force for positive change.
Benefits of membership
As a member of organizations such the Council for Inclusive Capitalism, businesses have access to valuable resources such as research, best practices, and case studies to help them succeed.
In addition, council members can benefit from a range of networking opportunities, including events, workshops, and webinars, connecting them with like-minded individuals and organizations from around the world.
Furthermore, members receive invaluable support in the form of mentorship, guidance, and advice, empowering them to implement inclusive capitalism practices within their organizations and contribute to a brighter future for all.
How to apply
To become a member of the Council for Inclusive Capitalism, simply follow these steps:
- Visit their website at inclusivecapitalism.com
- Fill out the application form
- Submit your application
- Activate your member web portal
- Complete your organization profile
- Submit your first commitment to action
By taking these steps and joining the Council, you will be part of a global community of businesses dedicated to driving meaningful change and creating a more inclusive and sustainable world for everyone.
Inclusive capitalism offers a powerful and transformative approach to addressing social and environmental challenges, while also driving economic growth and success.
Through the Council for Inclusive Capitalism, businesses can join a global movement dedicated to creating a more equitable, sustainable, and inclusive world for all.
By embracing ethical business practices, fostering diversity and inclusion, and investing in health and well-being, companies can make a lasting and meaningful impact on society and the environment.
Now is the time to seize this opportunity to be part integral human development of a global force for positive change.
Join the Council for Inclusive Capitalism and contribute to a better future for everyone, and let us work together to create a world where businesses are a force for good.
Frequently Asked Questions
What is the Council for Inclusive Capitalism?
The Council for Inclusive Capitalism is a global movement of business leaders who are committed to conducting business in ways that benefit people, communities, and the planet.
This council hosts a comprehensive public platform of private-sector actions aimed at fostering economic participation and more inclusivity and sustainability.
The council is also a non-profit organization working diligently to leverage the private sector’s potential in creating a more inclusive and sustainable economic system.
Who is the CEO of the Council for Inclusive Capitalism?
Meredith Sumpter is the inspiring CEO of the Council for Inclusive Capitalism, leading the organization and its Steward members in creating an equitable global economy.
She is committed to driving systemic change and building a more inclusive and sustainable economic system. She is a champion for the power of collaboration and collective action to create a better future for all.
How does the Council promote diversity and inclusion?
The Council encourages businesses to foster diversity and inclusion by implementing practices within their workforces and communities, motivating businesses to take action in this regard.
Businesses can take a variety of steps to promote diversity and inclusion, such as creating a diverse and inclusive workplace culture, providing training and development opportunities, and engaging with diverse communities.
By taking these steps, businesses can grow.
What are some examples of environmentally responsible practices supported by the Council?
BP is taking action to protect local biodiversity around their sites by implementing enhancement plans and working towards a 100% goal by 2030.
This is just one example of the environmentally responsible practices encouraged by the Council members.
How can businesses join the Council for Inclusive Capitalism?
Businesses can join the Council for Inclusive Capitalism by visiting their website and filling out the application form – a simple and straightforward way to get your business involved.