Launched Tuesday by Pope Francis, the Council for Inclusive Capitalism With the Vatican is a partnership “between some of the world’s largest investment and business leaders and the Vatican … to reform capitalism into a powerful force for the good of humanity.”

The council, whose founding was spearheaded by Lynn Forester de Rothschild, is “led by a core group of global leaders, known as Guardians for Inclusive Capitalism, who meet annually with Pope Francis” to “build a fairer, more inclusive, and sustainable economic foundation for the world.”

The Guardians have made public commitments “to hundreds of measurable actions” toward sustainable development goals in areas such as “climate action, peace and justice, quality education and gender equality.”

In his first address to the Guardians after the launch of the Council, Pope Francis said:

“An economic system that is fair, trustworthy, and capable of addressing the most profound challenges facing humanity and our planet is urgently needed. You have taken up the challenge by seeking ways to make capitalism become a more inclusive instrument for integral human wellbeing.”

de Rothschild said:

“Capitalism has created enormous global prosperity, but it has also left too many people behind, led to degradation of our planet, and is not widely trusted in society. This Council will follow the warning from Pope Francis to listen to ‘the cry of the earth and the cry of the poor’ and answer society’s demands for a more equitable and sustainable model of growth.”

According to the NYT however, the pledges made by the Council aren’t entirely new:

“BP, for example, restates a commitment to achieve net zero carbon emissions by 2050 that it announced in February. And while the council has posted the pledges publicly, there‚Äôs not much to hold the companies accountable (aside from the risk of disappointing the pope).”

See the “guiding principles on inclusive capitalism” on the Council’s website here.

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4 COMMENTS

  1. The Higher the Richer are the ones that can help those more needed in food and inviction
    medicines , this is the time to unite the poor and the rich … The rich all in the world and powerful companies can make strategies globally effort to get help those that can get food or medicines world wide areas .
    Stop production Germ warfare Labotories a moritorium these arms to end this evil that had affected us all over the world .
    The same way powerful companies are moving food and items for daily lives , there should be a a company rimmed by powerful capitalist CEO’s this would be a worldwide cooperative business connected to this companies to start getting deliveries worldwide in different countries a box of foods and needed medicines or daily life essentially needed for families toothpaste , paper products and over the counter medicines … There is enough for all and we need faith to power this movement globally
    the Pope Francis can get through these politicians and Powerful companies that have the infrastructure and money to do a Good Deed for those in need .

    • The Apocalypse of St. John the Theologian
      Head. 18
      4. And I heard another voice from heaven, saying, Come out of her, my people, that ye be not partakers of her sins, and that ye receive not of her plagues.
      If you want to talk moore about, send me add friend.

  2. Thus wrote Mahatma Gandhi: “Nature produces sufficient for everyone’s need but not enough for everyone’s greed”.

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