During his speech he called for greater care for the environment, the development of sustainable and a more just economic system. The Tobin/Robin Hood tax made "economic common sense" he said.

Sorondo told Caritas delegates from around the world that finance and the economy can benefit society if they are tailored towards the common good, but financial institutions can be destructive if unregulated.

"Economics must not be exclusive," he said. The bishop called for economics to be seen in the context of other issues such as sustainable energy, the environment, education and social issues such as drug use and prostitution rather than just GDP.