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Founded by Lynn Forester de Rothschild, The Council for Inclusive Capitalism is connected to its parent organization called the Coalition for Inclusive Capitalism. The council is characterized as the coalition’s “sister" non-profit, though the coalition and the council are the same entity; the latter name is used when the organization works with the Vatican. On December 8, 2020, the council launched a partnership with the Vatican, though the Vatican’s formal involvement with the council began in 2019 when Pope Francis met with its members on November 11.
The members of the council make commitments aligned with the World Economic Forum International Business Council’s Pillars for sustainable value creation—People, Planet, Principles of Governance, and Prosperity, including commitments that advance the United Nations Sustainable Development Goals.
The council suggests that inclusive capitalism is fundamentally about creating long-term value for different stakeholders—businesses, investors, employees, customers, governments, and communities—guided by an approach that offers:
- equality of opportunity,
- equitable outcomes,
- fairness across generations, and
- fairness in society.
The Council for Inclusive Capitalism is affiliated with many companies and organizations:
- VISA
- V12 Marketing
- World Benchmarking Alliance
- 29Bison
- Able City
- Bank of America
- Capdesia
- Drucker Institute
- Fanmire
- Ford Foundation
- Johnson & Johnson
- Kazani
- Mastercard