Economy for the Common Good (ECG) is a global social movement that advocates an alternative economic model, which is beneficial to people, the planet and future generations.[1] The common good economy puts the common good, cooperation and community in the foreground. Human dignity, solidarity, ecological sustainability, social justice and democratic participation are also described as values of the common good economy. The movement behind the model started off in Austria, Bavaria and South Tyrol in 2010 and quickly spread to many countries throughout the EU. It now has active groups in Africa, Latin America, North America and Asia.[2] As of 2021, the movement consists of over 11,000 supporters, 180 local chapters[3] and 35 associations.[4]
Christian Felber coined the term "Gemeinwohl-Ökonomie" (Economy for the Common Good) in a best-selling book, published in 2010.[5] According to Felber, it makes much more sense for companies to create a so-called "common good balance sheet" than a financial balance sheet. The common good balance sheet is a value-based measurement tool and reporting method for businesses, individuals, communities, and institutions,[6] which shows the extent to which a company abides by values like human dignity, solidarity and economic sustainability.[7]
More than 2,000 organizations, mainly companies,[8] but also schools, universities, municipalities, and cities, support the concept of the Economy for the Common Good. A few hundred have used the Common Good Balance sheet as a means to do their “non-financial” reporting.[9] These include Sparda-Bank Munich,[10] the Rhomberg Group and Vaude Outdoor.[11] Worldwide nearly 60 municipalities are actively involved in spreading the idea.
The ECG movement sees itself in a historical tradition from Aristotle to Adam Smith[12] and refers to the fundamental values of democratic constitutions.
^Bernd Sommer, Klara Stumpf, Ralf Köhne, Josefa Kny, Jasmin Wiefek (2019), "Die zivilgesellschaftliche Bewegung der "Gemeinwohl-Ökonomie" (GWÖ) aus Perspektive der sozialwissenschaftlichen Transformationsforschung und Praktischen Philosophie", Zeitschrift für Wirtschafts- und Unternehmensethik : Zfwu (in German), vol. 20, no. 3, Baden-Baden: Nomos, pp. 448–457, doi:10.5771/1439-880X-2019-3-448, ISSN 1439-880X, S2CID 213433319, 2017203-5{{citation}}: CS1 maint: multiple names: authors list (link)
^Lindner, Matthias. "Who is ECG". Economy for the common good. Retrieved 2021-04-26.
^"Local Chapters". Economy for the common good. Archived from the original on 2020-07-12. Retrieved 2021-04-26.
^"Economy for the Common Good - Official Website". Archived from the original on 2009-11-21.
^Felber, Christian (2010). Die Gemeinwohl-Ökonomie – Das Wirtschaftsmodell der Zukunft. Deuticke. ISBN 978-3-552-06137-8.
^Niklas S. Mischkowski, Simon Funcke, Michael Kress-Ludwig, Klara H. Stumpf (2018-12-01), "Die Gemeinwohl-Bilanz – Ein Instrument zur Bindung und Gewinnung von Mitarbeitenden und Kund*innen in kleinen und mittleren Unternehmen?", NachhaltigkeitsManagementForum | Sustainability Management Forum (in German), vol. 26, no. 1, pp. 123–131, doi:10.1007/s00550-018-0472-0, ISSN 2522-5995, S2CID 254059236{{citation}}: CS1 maint: multiple names: authors list (link)
^Meier, Susanne (Nov 17, 2012). "Menschlichkeit statt Finanzgewinn 16 Tiroler Pionier-Unternehmen erstellen erstmals eine Gemeinwohlbilanz, indem sie ihre Firma in Punkten wie soziale Gerechtigkeit und ökologische Nachhaltigkeit bewerten". Tiroler Tageszeitung.
^"Pionierunternehmen". web.ecogood.org. Archived from the original on 2020-08-12.
^"What is ECG". Economy for the common good. Archived from the original on 2020-07-02. Retrieved 2021-04-26.
^Common Good Report from the Sparda Bank Munich, Germany, 2011
^Spengler, Hanna (November 8, 2012). "Kooperation statt Konkurrenz - Die "Gemeinwohl-Ökonomie"". aktuell.
^"Gemeinwohl in der Geschichte".
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