The Common Good Matrix is a framework developed by the Economy for the Common Good (ECG) movement to assess businesses' ethical and sustainable practices. It evaluates companies based on values such as human dignity, social justice, and environmental sustainability. The matrix covers 20 themes and provides a comprehensive measurement of a company's social and environmental responsibility, promoting the common good as the primary goal of business.
The Common Good Matrix is a framework developed by the Economy for the Common Good (ECG) movement to evaluate and measure the ethical and sustainable practices of businesses and organizations. It helps companies assess their contribution to the common good of society and the planet.
Key points about the Common Good Matrix:
- It is based on fundamental values such as human dignity, solidarity, social justice, environmental sustainability, and transparency[1][2][3].
- The matrix has 20 themes covering a company's impact on various stakeholders including suppliers, owners, financial partners, employees, customers, fellow companies, and the social environment[1][5].
- For each theme, companies are evaluated on a scale from 0-10 based on criteria ranging from baseline to exemplary performance[4]. A maximum of 1000 points can be obtained.
- Companies prepare a Common Good Report describing how they implement the values with respect to each stakeholder group. This report, along with a balance sheet summarizing the scores, is externally audited and published[2][3].
- The matrix and methodology are continuously improved through an open, democratic process[2][3]. It provides guidance for companies to improve their ethical and sustainable practices.
- Companies with high Common Good scores can benefit through ethical consumer choice, better loan conditions from ethical banks, and tax advantages[1][3], incentivizing contributions to the common good.
In summary, the Common Good Matrix offers a comprehensive framework to measure and improve a company's social and environmental responsibility, making the common good the primary goal of business rather than profit maximization[1][2].
Citations: [1] https://www.techopian.com/how-to-anchor-values-and-ethics-in-your-company-using-the-common-good-matrix-and-balance-sheet/ [2] https://thenextsystem.org/sites/default/files/2017-08/FelberHagelberg.pdf [3] https://monneta.org/en/economy-for-the-common-good/ [4] https://www.recipesforwellbeing.org/economy-for-the-common-good/ [5] https://rosygreenwool.com/know/ecg [6] https://www.researchgate.net/figure/The-Common-Good-Matrix-50_fig1_347568027 [7] https://www.researchgate.net/figure/Dimensions-and-measurement-scales-of-the-Common-Good-Matrix-CGM-and-Common-Good-Balance_tbl1_347568027