Streetwise Highlights Faith Consistent Investment Work
January 3rd, 2013
A series of recent articles in Streetwise focusing on socially responsible investing, look at the work of the Interfaith Center on Corporate Responsibility (ICCR), the financial crisis and shadow banking system from the perspective of faith-consistent investors, and “doing well by doing good”. Streetwise, a social service agency in Chicago serving the homeless and at-risk population, combines immediate access to earned income through the sale of their newspaper with an array of social service supports.
The first article is based on an interview with Oblate Father Seamus Finn, who is active on behalf of the Oblates in the Interfaith Center on Corporate Responsibility (ICCR). A group of ICCR members focusing on the financial sector, seeks to avert the next financial meltdown with an analysis of seven major US banks in four key governance areas:
- risk management
- pay day lending
- executive compensation
- lobbying and political contributions
A second piece looks at the work priorities of ICCR over the coming year. Members of the 300 institutions comprising the Interfaith Center on Corporate Responsibility, interacting via their web site, have chosen these 10 most intractable Environmental, Social and Governance (ESG) issues impacting the Earth and its people: water, sustainable food, social sustainability, human trafficking, environmental health, global access to health, quality and affordable health care domestically, financial practices and risk, and supply chain monitoring. The socially responsible investors engage hundreds of major corporations on these and other critical issues.
A third article looks at the engagement with MacDonald’s on nutritional issues by the Sisters of the Blessed Virgin Mary, based in Chicago.