About the organisation
The vision of the Caux Round Table for Moral Capitalism is “a free, fair and prosperous global society built on the twin pillars of moral capitalism and responsible government.” They believe that “Moral Capitalism is the only system with the potential to meet the needs and aspirations of individuals, businesses, societies, and nations” and their mission is “to put moral capitalism to work by ensuring business contributes to greater prosperity, sustainability and fairness.” In order to realize that mission they have – among others – developed sets of principles for (a) responsible business, (b) governments, (c) NGOs, (d) ownership of wealth and (e) responsible globalization.
Moral Markets recently spoke to Stephen Young after he gave a lecture at ERGO Xtra, an event at Erasmus University Rotterdam (the Netherlands):
What you can find on their site
The Caux Round Table for Moral Capitalism was founded in 1986, and their website looks like it is still dating from the early days of their existence; It is unattractive, cluttered and hard to navigate. If it were not for the Facebook feed on their home page, you would think that they are no longer ‘in business.’ This is a pity, as it does not do justice to the important work they have done in the past decades. And are still doing.
If you are willing to dig around a bit, you can find some interesting and useful things on their website, for example summaries of selected CSR codes and standards. Still, for a first introduction to the ideas behind the Caux Round Table it may be better to read the books written by its executive director Steven Young: Moral Capitalism; Reconciling Private Interest with the Public Good (2003) and The Road to Moral Capitalism (2015). The Caux Round Table also has a YouTube channel with a number of films on topics like “Where do all the profit go?” and “Uber and corporate values.”