Connecting Sustainability Organizational Models with SDGs
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The Economy for the Common Good (ECG) movement started in 2010 with the publication of the first edition of the book "Gemeinwohl-Ökonomie" (Economy for the Common Good) by Christian Felber and the presentation of a first version of the common good balance sheet by a group of Austrian entrepreneurs. More than 2,000 companies, mainly small and medium-sized enterprises (SMEs), have since then been registered as supporters and more than 600 companies in Europe have already produced or are currently producing an ECG balance sheet. The movement spread from the German-speaking countries to other geographies, especially in Europe and Latin America.
The ECG can be considered as a new approach in line with several socioeconomic and political approaches that aim to frame the economic activity within ecological and social boundaries. However, the ECG does not aim to incorporate sustainability into the predominant rationale of profit-maximization but to embed economic activities into a broader cultural and social context and to link them with the core human values of dignity, solidarity, social justice, environmental sustainability, democracy, and transparency. Recently, a growing number of scholarly works focussed on the ECG both from conceptual and empirical perspectives.