Since the financial crisis of 2008, there is a growing perception that capitalism as a system has failed to create broad-based prosperity. In the face of surging income inequality and growing uncertainty, the public’s eroding trust in business represents a systemic risk to our economic system.
With properly structured incentives, meaningful stakeholder engagement, supportive governments, and effective business leadership firms can generate broad and sustainable prosperity in a manner that respects our communities and our environment for generations to come. Fundamentally, we believe that companies should play an active role in building a more Inclusive Capitalism, not at the expense of financial performance, but as a long-term driver of value creation.
EPIC is a market-led initiative with 30 organizations representing the entire investment value chain and almost $30 trillion in AUM. The goal of EPIC is to work to develop a standardized, material and comparable set of metrics for the measurement of activities that create long-term value and affect a broad range of stakeholders, including customers, employees, suppliers, communities and shareholders.
The Conference on Inclusive Capitalism was Friday, November 16th in Washington, D.C. See the full agenda.