Media release: Wellbeing Economy Alliance launches in US

Wellbeing Economy Alliance Launches in U.S.

Marking a decade after the financial crisis, group calls for transformation of economy

Sept. 20, 2018 – New York – A decade after the financial crisis, the Wellbeing Economy Alliance (WEAll) today announced its U.S. launch, with a commitment to transform the economic system in pursuit of sustainable wellbeing for people and the environment.

This new alliance will build on the long-term efforts of the new economy movement, amplifying existing and emerging work that demonstrates the feasibility of shifting the economic paradigm away from growth at all costs, towards collaboration and shared flourishing.

The launch will take place today at a Fordham University conference where participants will hear from a diverse range of speakers, including private business leaders, academics and financial specialists focused on developing a wellbeing economy.

“The 2008 crash was one of the clearest indicators that the system is broken,” said Diego Isabel, Strategy and Connections Lead for WEAll. “Global leaders did not take the opportunity ten years ago to transform the economic system to the benefit of all. A wellbeing economy recognizes that the economy is embedded in society and the rest of nature and that true success depends on creating a world where we all prosper and flourish.”

“Businesses have an essential role to play in this transformation, and we are pleased to be part of the dialogue WEAll has begun,” Tom Cripps, Board of Directors, Velcro Companies, said. “Velcro Companies was built on products that reflect nature’s genius, so we see sustainability as a must-have, not a nice-to-have, component of our economic model and ultimately a key driver of long-term success.  We are working with companies worldwide to lead a transformational change in the way business is done and embrace a larger social purpose that complements and enhances our traditional business goals.”