Pope Francis in his 2018 address to the Centesimus Annus Pro-Pontifice Foundation (FCAPP) stated that âthe ethical dimension of social and economic interaction cannot be imported into social life and activity from without but must arise from withinâ, adding that we must overcome âthe tragic and false dichotomy between the ethical teachings of our religious traditions and the practical concerns of to-dayâs business communityâ.
The simple and inspiring words of the Pontiff point out a distinction between âethics from withinâ and âethics from outsideâ that is gaining prominence and recognition in the current discussion on ethics in finance. We believe that the concept of âethics from withinâ marks a paradigm shift in the approach to financial ethics, and more broadly to business ethics.
âEthics from Within: A Paradigm Shift for Financial Ethicsâ