Economy for the Common Good (ECG) is a global social movement that advocates an alternative economic model, which is beneficial to people, the planet and future generations.
Human dignity, solidarity, ecological sustainability, social justice and democratic participation are also described as values of the common good economy.
The movement behind the model started off in Austria, Germany and South Tyrol (a German-speaking region in Italy) in 2010 and quickly spread to many countries throughout the EU.
The common good balance sheet is a value-based measurement tool and reporting method for businesses, individuals, communities, and institutions,[6] which shows the extent to which a company abides by values like human dignity, solidarity and economic sustainability.
The model has five underlying goals:[13] The Economy for the Common Good calls for reevaluating economic relations by, for example, putting limits on financial speculation and encouraging companies to produce socially-responsible products.