CPR provides a framework for the democratic engagement of business. Other societal actors or “sub-systems”, however, can also provide resources in order to shape the intersection between political and economic activity in a constructive way. Each of them approaches CPR with a specific set of interests and capacities.

 

Here are some examples:

 

• Politics increasingly calls onto business leaders to consider political risks in their investment decisions. For instance, by abstaining from granting credit guarantees (e.g. HERMES) for certain transactions, the state makes clear that companies cannot externalize the costs for politically ignorant or reckless economic behavior.

 

• Finance has adopted the ESG scheme to assess investment portfolios according to sustainability standards, thus incentivizing companies to orient their business models towards the common good.

 

• Civil society formulates higher expectations regarding the purpose of companies, causing them to rethink how they remain attractive for customers, employees and business partners.

 

• Academia uses its epistemic resources to ponder the complex nexus between capitalism and democracy, possible development paths of globalization or dimensions of corporate responsibility (social, ecological, political, digital etc.).

 

This is why this CPR platform invites representatives from all sectors to bring in their knowledge and to inspire and learn from each other.