The Economy for the Common Good (ECG) emancipates itself from purely economic values such as turnover and profit. Declared corporate goals are being redefined: Orientation towards the common good instead of profit maximization. In this way, companies oriented towards the common good promote a sustainably good life for all.
The Economy for the Common Good (ECG) is an innovative, sustainable economic model with an ethical business culture at its core. Unlike current economic models, the ECG is based on the values of human dignity, ecological responsibility, solidarity, social justice, democratic co-determination and transparency.
The Economy for the Common Good is based on the fundamental conviction that the pressing challenges of our time are the direct consequences of our purely profit-oriented thinking and actions to date. Whether it is the general scarcity of resources, the climate crisis, the extinction of species or the growing gap between rich and poor: all of these challenges facing society as a whole can only be overcome with a holistic system change.
The central values on which the economy for the common good is based are:
Based on these fundamental values, the sustainable economic system of a successful Economy for the Common Good pursues specific sub-goals that are implemented in the direct and immediate business environment:
The concept of the Economy for the Common Good emerged in Vienna in 2010 and spread from there around the world. Today, it has 11,000 international supporters, around 4,500 members and more than 1,000 companies, communities and other organizations in 35 countries that are working together to implement and further develop the vision of the Economy for the Common Good.
Blackbit is now officially participating in the necessary transformation, even though key corporate values have long been aligned with some of the sub-goals of an economy for the common good. Blackbit's certificate, which proves that we work according to the four core values of the ECG, can be found here.