The Caux Round Table Inc

The Caux Round Table Inc, with EIN 521935042, is a U.S.-based nonprofit organization focused on promoting ethical business practices and responsible leadership globally. It operates under the broader umbrella of the Caux Round Table (CRT), an international network of business leaders established in 1986.

History and Founding

The Caux Round Table was founded in 1986 by Frits Philips, former President of Philips Electronics, and Olivier Giscard d'Estaing, former Vice-Chairman of INSEAD. Ryuzaburo Kaku, then Chairman of Canon, Inc., also played a key role in shaping its focus on global corporate responsibility. The initiative aimed to reduce escalating trade tensions and foster better international business relations.

Mission and Activities

The organization promotes a set of ethical guidelines known as the Caux Round Table Principles for Business. These principles were formally introduced in 1994 and presented at the U.N.’s World Summit on Social Development in 1995. They emphasize the importance of ethical norms in business decision-making, aiming to create a fair and sustainable global society. The CRT Principles are recognized for their comprehensive approach to responsible business practices, drawing from both Western and Japanese concepts, including 'kyosei,' the principle of working together for the common good.

The Caux Round Table Inc supports the development and implementation of these principles through various initiatives. These include ethical training for corporate boards and the promotion of new ethics curricula for business schools. Additionally, the organization collaborates with global business leaders, international institutions, and policymakers to improve investment environments in developing countries.

Focus and Impact

The organization is classified under the National Taxonomy of Exempt Entities (NTEE) as focusing on international, foreign affairs, and national security, as well as research institutes and public policy analysis. Donations to this organization are tax-deductible.

The CRT works to modernize valuation methodologies in business by incorporating social, human, and natural capitals into financial analysis and planning. This approach reflects its broader commitment to "moral capitalism," which seeks to integrate ethical considerations into wealth creation processes.

The Caux Round Table Inc publishes a monthly newsletter and has developed a range of ethical statements and principles beyond business, including guidelines for moral government and civil society institutions. Its leadership has included prominent figures from international business and academia.

Financial Overview

As a nonprofit organization, The Caux Round Table Inc primarily relies on contributions for its revenue. Recent financial data indicates that the organization holds assets valued at approximately $75,625, with liabilities of around $21,423. The majority of its expenses are allocated towards operational and program-related activities, though specific compensation figures for key employees are not disclosed.

The organization's activities are part of a global effort to enhance corporate social responsibility and promote sustainable economic development. By advocating for ethical practices and stakeholder-oriented business models, The Caux Round Table Inc contributes to ongoing discussions about the role of business in achieving social and environmental sustainability.