The Council for Inclusive Capitalism with the Vatican
|The Council for Inclusive Capitalism with the Vatican|
|Formation||December 8, 2020|
|Membership||• Ajay Banga|
• Oliver Bäte
• Marc Benioff
• Edward Breen
• Sharan Burrow
• Mark Carney
• Carmine Di Sibio
• Brunello Cucinelli
• Roger Ferguson
• Lynn Forester de Rothschild
• Kenneth Frazier
• Fabrizio Freda
• Marcie Frost
• Alex Gorsky
• Angel Gurria
• Alfred Kelly
• William Lauder
• Bernard Looney
• Fiona Ma
• Hiro Mizuno
• Brian Moynihan
• Deanna Mulligan
• Ronald P. O'Hanley
• Rajiv Shah
• Tidjane Thiam
• Darren Walker
• Mark Weinberger
The Council for Inclusive Capitalism with the Vatican is a partnership between some of the world's largest investment and business leaders and the Vatican. The leadership, calling themselves "the Guardians", are led by Lynn Forester de Rothschild, and has set itself the task "of joining moral and market imperatives to reform capitalism". .
It was founded in December 2020, "under the auspices of the Vatican with the moral guidance of Pope Francis", but has its roots in the Henry Jackson Initiative, a subgroup of the very intelligence-connected Henry Jackson Society.
The "Inclusive Capitalism" the Guardians envisage is profoundly undemocratic. It is "about creating long-term value for all stakeholders – businesses, investors, employees, customers, governments and communities" - but this "Stakeholder Engagement" leaves out any democratic setting of priorities, where the population now is - maybe - represented as "customers" and "communities".
The timing hints at a connection to the World Economic Forum's Great Reset, a planned extensive redo of the world order beginning in 2021, and its states outright that "Council members make actionable commitments aligned with the World Economic Forum International Business Council’s Pillars for sustainable value creation — People, Planet, Principles of Governance, and Prosperity—and that advance the United Nations Sustainable Development Goals."
The Council is led by a core group of global leaders, known as "the Guardians", who meet annually with Pope Francis and Cardinal Turkson. These leaders represent more than $10.5 trillion in assets under management, companies with over $2.1 trillion of market capitalization, and 200 million workers in over 163 countries.
Most of the corporations have an extensive record of fraud, abuses, unethical and criminal business practices, undemocratic buying of politicians, behind the scenes pushing of economic and military imperialism, and general unscrupulousness. The Guardians also include the billionaire tools Ford and Rockefeller Foundation; and even a trade union confederation.
“The group is yet another front group in what is becoming a globalist bum’s rush to try to convince a skeptical world that the same people who created the post-1945 model of IMF-led globalization and giga-corporate entities more powerful than governments, destroying traditional agriculture in favor of toxic agribusiness, dismantling living standards in industrialized countries to flee to cheap labor countries like Mexico or China, will now lead the effort to correct all their abuses? We are being naïve if we swallow this.”
F. William Engdahl 
The promised commitments from the multinational corporations varies in scope, mostly insignificant things, like Bank of America, which promises to remain "committed to hiring and supporting military personnel and their families who contribute so much to our company, our communities and our country"; or Allianz which promises to implement a business model "enhance digital access to products, Status: 100% of all products launched are digital."
The one subject where there will be significant money spent is carbon reductions and climate change, where most companies declares they want to "fully phase out coal-based business models across our proprietary investments and property-casualty portfolios" (Allianz} or otherwise be carbon neutral in their business practices.
- Ajay Banga, President and Chief Executive Officer, Mastercard
- Oliver Bäte, Chairman of the Board of Management, Allianz SE
- Marc Benioff, Chair, Chief Executive Officer, and Founder, Salesforce
- Edward Breen, Executive Chairman, Dupont
- Sharan Burrow, General Secretary, International Trade Union Confederation
- Mark Carney, COP26 Financial Advisor to the Prime Minister, and United Nations Special Envoy for Climate Action and Finance
- Carmine Di Sibio, Global Chairman and Chief Executive Officer, EY
- Brunello Cucinelli, Executive Chairman and Creative Director, Brunello Cucinelli S.p.A.
- Roger Ferguson, President and Chief Executive Officer, TIAA
- Lady Lynn Forester de Rothschild, Founder and Managing Partner, Inclusive Capital Partners
- Kenneth Frazier, Chairman of the Board and Chief Executive Officer, Merck & Co., Inc.
- Fabrizio Freda, President and Chief Executive Officer, The Estée Lauder Companies
- Marcie Frost, Chief Executive Officer, CalPERS
- Alex Gorsky, Chairman of the Board and Chief Executive Officer, Johnson & Johnson
- Angel Gurria, Secretary General, Organisation for Economic Co-operation and Development (OECD)
- Alfred Kelly, Chairman and Chief Executive Officer, Visa Inc.
- William Lauder, Executive Chairman, The Estée Lauder Companies
- Bernard Looney, Chief Executive Officer, BP
- Fiona Ma, Treasurer, State of California
- Hiro Mizuno, Member of the Board, Principles for Responsible Investment
- Brian Moynihan, Chairman of the Board and Chief Executive Officer, Bank of America
- Deanna Mulligan, President and Chief Executive Officer, Guardian Life Insurance Company of America
- Ronald P. O'Hanley, President and Chief Executive Officer, State Street Corporation
- Rajiv Shah, President, The Rockefeller Foundation
- Tidjane Thiam, Board Member, Kering Group
- Darren Walker, President, Ford Foundation
- Mark Weinberger, Former Chair and CEO of EY, and Board member of J&J, MetLife and Saudi Aramco