Conscious Capitalism - Explained
What is Conscious Capitalism?
Written by J. Mance Gordon
Updated at April 23rd, 2024
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What is Conscious Capitalism?
Conscious capitalism is an economic system which builds on the foundations of capitalism (free markets and private ownership of production) but also follow a business strategy that aims to support both people and the environment (environmental and social responsibility).
Guiding Principles of Conscious Capitalism
Conscious Capitalism has four pillars that guide a socially responsible and ethical business:
- Higher purpose
- Stakeholder orientation
- Conscious leadership
- Conscious culture
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