A few months ago, the Pontifical Council for Justice and Peace (PCJP), in collaboration with the John A. Ryan Institute for Catholic Social Thought of the Center for Catholic Studies at the University of St. Thomas and the Ecophilos Foundation released a document entitled: Vocation of the Business Leader, a Reflection. This document presents in 87 points the responsibility that businesses and their managers have towards the common good.
When businesses and market economies function properly and focus on serving the common good, they contribute greatly to the material and even the spiritual well-being of society. Recent experience, however, has also demonstrated the harm caused by the failings of businesses and markets. The transformative developments of our era—globalisation, communications technologies, and financialisation—produce problems alongside their benefits: inequality, economic dislocation, information overload, financial instability and many other pressures leading away from serving the common good. Business leaders who are guided by ethical social principles, lived through virtues and illuminated for Christians by the Gospel, can, nonetheless, succeed and contribute to the common good. (Executive Summary, Vocation of the Business Leader, 2011, p.2)
We believe that this is worth reading, specially for those managers in charge of socially responsible projects and those who seek to benefit the community at large.