Written by via Council for Inclusive Capitalism
LONDON, Mar. 24, 2023 — The Council for Inclusive Capitalism, a global community of business leaders committed to inclusive and sustainable business practices, today announced the first in-person convening of its steering committee since its launch in December of 2020. Hosted at Lambeth Palace Library in London by the Most Reverend and Right Honourable Justin Welby, Archbishop of Canterbury, the meeting brought together leaders across the private and public sectors, and faith traditions from around the world to chart an onward path toward a more inclusive, equitable, and sustainable global economy.
The Archbishop of Canterbury, the Most Reverend Justin Welby, said: “Capitalism has brought the world huge wealth and innovation – much of it, I would say, to the glory of God. But that is not enough if all God’s creatures are not flourishing. I am looking forward to addressing how capitalism can be more inclusive and can lead to mutual and beneficial outcomes.”
The Council for Inclusive Capitalism is founded on the moral and market imperative for capitalism to function more inclusively and sustainably. This convening brought together leaders from the Church of England, the Catholic Church, and other faith traditions represented by Religions for Peace as well as more than a dozen global CEO and executives to take stock of needed reforms amidst growing climate and inequality risks and chart onward steps for the Council for Inclusive Capitalism and its members to address these challenges. Discussions were led by steering committee members and included some of today’s most critical business issues: advancing a just energy transition, accurately measuring and accounting for impact, and advancing private sector uptake of inclusive and sustainable practices to the benefit of business and society.
“Business—and our capitalist economy—works best when it works for all. That’s why the Council for Inclusive Capitalism exists,” said Lynn Forester de Rothschild, founder and co-chair of the Council for Inclusive Capitalism. “Since launching the Council, the world has experienced unprecedented challenges: a pandemic, economic downturn, geopolitical turmoil, and a rapidly warming planet to name a few. This work has never been more important, and the unwavering commitment of these leaders inspires me and gives me great hope for our future.”