Finance Commons

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Principles

To realize the vision of a global financial commons the CTF, i.e. the Committee to Transform Finance, wrote a statement that further proposes that the finance system incorporates the following commons principles:

Stakeholder co-governance,
Access for all participants,
Acknowledgement of the intrinsic value of ecosystems and assigning rights to the environment,
Decision-making at the most local level possible (subsidiarity),
A commitment to environmental sustainability and social justice globally.

Statement via http://www.ethicalmarkets.com/2010/09/14/financial-group-recognizes-finance-as-a-global-commons/

More Information

Concept note on the way forward, by Steve Waddell, http://blog.networkingaction.net/wp-content/uploads/2010/09/Concept-Note-v2.doc

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