American Sustainable Business Council promotes a sustainable economy. A sustainable economy is one that provides economic development along with shared prosperity, environmental protection, and social justice. It is essential from both a pragmatic and moral standpoint to restructure our economy to achieve the right balance.
We believe business must play a critical and positive role in our society, a role that goes beyond providing investors with good returns. At the same time, government has an important role in ensuring that markets are well-structured and that public resources are invested with vision and stewardship.
Active, Engaged Government:
Government should empower the engines of our economy—businesses and social enterprises—to be agents of healthy growth and revitalization. By removing obstacles, creating incentives, providing support, and partnering, government can help create an enabling environment in which restorative, equitable, and sustainable economic models can thrive. This approach will unleash the spirit of entrepreneurship and innovation across all sectors to confront and solve America's economic, social, and environmental problems.
We must manage our economy to meet the needs of the current generation without impeding future generations from meeting their needs. This imperative calls for stewardship, wise use, and reinvestment in all forms of capital: natural capital, social capital, intellectual capital, and financial capital.
It is a matter of national self-interest as well as a moral principle to manage the economy so it provides all Americans--regardless of their class, race, religion, or gender--full opportunity to participate and prosper. The economy must develop and tap the capabilities, creativity, and industriousness of all Americans so that the U.S. can prosper amidst global competition.
A market-based business system built on integrity and honesty must remain the heart of our economy. Competition and collaboration throughout the market spurs innovation and efficiency and allocates resources efficiently. Market-based approaches that account for externalities – both environmental and social – are essential.
It is a proper role of government to protect consumers, workers, and the environment through strong legislation and vigorous enforcement, while at the same time promoting market incentives for companies to innovate and to operate efficiently and safely.
The economy should be structured and managed to be fair, transparent, well regulated, and accountable to all stakeholders. Systemically-important economic institutions, whether private (like large banks) or governmental (like the Federal Reserve) should be subject to oversight and regulation. Maintaining a government structure free from corruption and regulatory capture is essential for a sustainable economy and a healthy society.