News Archives » Faith Responsible Investing

Women religious, shareholders raise awareness about child sexual exploitation during the Super Bowl January 31st, 2012

Building off of last year’s successful campaign, Celebration without Exploitation, members of the Interfaith Center on Corporate Responsibility (ICCR) are once again coordinating with local law enforcement to raise awareness of the risks of child sex trafficking during the Super Bowl.

While football fans pour into Indiana next week to cheer for their favorite teams, traffickers in the sex trade are gearing up for their most profitable weekend of the year. Because trafficking is reported to peak at large sporting events and hotels are the prime venue for prostitution, shareholders have initiated a multi-pronged campaign to keep hotels trafficking-free during Super Bowl weekend and beyond.

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Updates on Events and Resources from the JPIC Commission Office in Rome January 26th, 2012

The following is a list of useful upcoming JPIC events and resources:

A course on Catholic Social Teaching (in Spanish): A comprehensive written course on Catholic Social Teaching, prepared for University students, was written and published in Latin America. It can be downloaded at: http://www.kas.de/sopla/es/publications/29414/

JPIC Promoter’s Formation Course in the USA: An intensive week-long seminar for JPIC Congregation promoters takes place at Saint Mary’s Notre Dame, Indiana from June 3-10. The brochure is due out in February. For more information, go to http://www.holycrossjustice.org/JusticeCraft/JusticeCraft.asp

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Faith-Based Investors Call on House Leadership to Support Human Trafficking Legislation January 26th, 2012

The Missionary Oblates of Mary Immaculate joined members of US Social Investment Forum and The Interfaith Center on Corporate Responsibility (ICCR) in a letter to The Honorable John Boehner (Speaker, U.S. House of Representatives) and The Honorable Eric Cantor (Majority Leader, U.S. House of Representatives) seeking their support on the Business Transparency on Trafficking and Slavery Act (HR 2759). The letter strongly encourages the House leadership to support investors, companies, workers and consumers by moving this important legislation forward in an expeditious manner.

This letter was drafted, reviewed and contributed to by a broad coalition of experts and members of US SIF and ICCR. Read the letter…

 

Corporations, Taxes and Responsible Investors January 23rd, 2012

Read the latest from Fr. Seamus Finn, OMI on Huffington Post.

He highlights the responsibility of corporations that “…rely on numerous public resources and services to operate their businesses and maintain their profitability…[to] contribute their fare share to the public coffers that enable governments to develop the foundation and provide the services that corporations and all citizens count on to survive.”

He ends with a clear call: “Shareholders, and especially faith based and socially responsible investors, will need to consider how to engage companies that are identified as the most aggressive in developing legal strategies to either avoid or evade the payment of approved taxes. The use of such tools and action that are clearly designed to profit by avoiding responsibility to contribute appropriately to the revenue streams, that are essential to the fulfillment of the government’s mandate to safeguard the public welfare and protect the common good, deserves much closer evaluation and scrutiny.”

2012 promises to be an interesting year as societies across the globe struggle with financial and environmental sustainability in the context of justice.

Stop Trafficking! January 17th, 2012

This latest issue of the newsletter Stop Trafficking! has good descriptions of the California Supply Chain Act, as well as information about actions being taken around the Super Bowl. Stop Trafficking! is made possible through the supportive sponsorship of national and international congregations of women religious and their partners.

Read the January 2012 issue

 

Responsible Purchasing and Investing: A Catholic Priority January 12th, 2012

From buying toothpaste to managing a portfolio – Catholics across the country are taking action to avoid buying from or investing in companies that fail to respect human dignity.

In the 2009 encyclical Caritas in Veritate, Pope Benedict XVI wrote that the economy should be at the service of people, and not the other way around.

“Profit is useful if it serves as a means towards an end that provides a sense both of how to produce it and how to make good use of it,” the pope wrote. “Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty.”

Going further, Fr. Seamus Finn, OMI has argued that faith-based investors should demand accountability from the companies they invested with or they should divest stock in companies engaged in morally objectionable practices. ”With ownership comes responsibility and rights.”

Read more in the article, Companies called to be Responsible by Amy Kotlarz, which appeared in the Catholic Courier on January 3rd, 2012.

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