The Caux Round Table (CRT), since its founding in 1986 at Mountain House in Caux, Switzerland, has always advocated a “moral” capitalism. It is a network of business executives and thought leaders from supporting professions. In 1994, the CRT proposed the first set of global ethical principles for best business practices. The new global goals for Sustainable Development adopted by the governments represented in the General Assembly of the United Nations reflect the ethics of a global “moral” capitalism. These global Sustainable Development Goals (SDGs) ratify the ideals of the CRT and
Thus, the CRT issues the following Call to Action in the form of a White Paper assessing humanity’s need for sustainable development and presenting thoughtful reflections on how best to implement the SDGs.
While the focus of the CRT is on best business practices seeking to inspire and assist investors, owners, and managers in achieving a more “moral” global capitalism, this Call to Action and White Paper is addressed to all leaders in business, government, and civil society.
Our White Paper and Call to Action challenges the three sectors of business, government, and civil society to assume complex duties of innovation and collaboration for the common good of all.
Capitalism thrives in service to society under conditions of good governance. Thus, the responsibilities of business in implementing the SDGs and thereby making global capitalism more “moral” demand active business leader engagement with the respective roles of government and civil society. Only integrated leadership will achieve sustainable development in the coming decades.
But without business and finance creating sustainable prosperity, government and civil society on their own will lack sufficient resources and technologies to achieve the SDGs.
This White Paper and Call to Action incorporates the concerns and reflections of those who kindly gave of their time and expertise in 20 round tables in different cities. We are grateful to each of our colleagues in this effort and to our partner organizations for their generous support and fellowship in a joint ethical undertaking to draw upon many points of view and traditions.