What guiding philosophy underpins the Caux Round Table (CRT) - Principles for Government?

The guiding philosophy that underpins the Caux Round Table (CRT) Principles for Government emphasizes that better governance fosters the development of socially responsible businesses. This principle acknowledges the vital role that government plays in creating a regulatory and institutional framework that supports ethical practices in the private sector.

By advocating for higher standards of governance, the CRT believes that governments can encourage businesses to operate more responsibly, balancing profit motives with social and environmental considerations. Such governance includes ensuring transparency, accountability, and the protection of rights, all of which contribute to an environment where businesses can thrive while also considering their impact on society and the environment.

The importance of this philosophy lies in recognizing that the relationship between government and business is not solely transactional; rather, it involves a partnership where both can work together to achieve common goals that benefit society as a whole.