Conscious Capitalism is a fast-growing global movement dedicated to elevating humanity through a business philosophy that has four key characteristics:
- higher purpose
- stakeholder orientation
- conscious leadership
- conscious culture
Conscious Capitalism builds on the foundations of Capitalism – voluntary exchange, entrepreneurship, competition, freedom to trade and the rule of law. These are essential to a healthy functioning economy, as are other elements of Conscious Capitalism including trust, compassion, collaboration and value creation.
Research published in the book Firms of Endearment: How World Class Companies Profit from Passion and Purpose (Sisodia, Sheth, and Wolfe, Pearson Education 2014), found companies adhering to the principles of Conscious Capitalism outperformed the market financially over all measured time periods from 3 to 15 years.
In addition to financial wealth these companies create many other kinds of societal wealth: fulfilled employees, happy and loyal customers, innovative and profitable suppliers, thriving and environmentally healthy communities and more.
The Conscious Capitalism movement includes numerous CEOs and thought leaders globally. To fulfil its purpose and mission, and to respond to increasing demand for information, support and collaboration, Conscious Capitalism, Inc. empowers a global network of U.S. and International Chapters to run events and through presentations, publications and social media. The Australian Chapter currently has communities in Sydney, Melbourne, and Perth and in 2016 merged with New Zealand.
Conscious Capitalism Australia & New Zealand is a non-for-profit organisation dedicated to the cultivation of the theory and practice of Conscious Capitalism and serving as communities of inquiry and practice for business leaders, entrepreneurs, coaches and consultants and others. Driven by members, for members, we aim to co-create a thriving ecosystem of conscious businesses that serve, lead and advocate the greater good.