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Faith and Values-Inspired Investments April 16th, 2012

Both the Jewish and Christian communities from their earliest documents display a debate about the foundational questions of ownership, agency, interest and usury. The Holy Quran also offers some unique teachings. Fr. Finn’s blog on Huffington Post reflects on discussions at the Tenth Harvard University Forum on Islamic Finance, and looks at the relationship between faith-consistent (FCI) and socially responsible investing (SRI).

Read the blog no Huffington post…

Corporations Make Strides in Conserving Water April 9th, 2012

Two companies, which the Missionary Oblates and other members of the Interfaith Center on Corporate Responsibility (ICCR), have engaged in long-term corporate dialogs, have adopted important water-use reduction and management goals.

The Coca-Cola Company has announced a goal of becoming water neutral in their direct operations by 2020, and has taken a leadership role in corporate water management efforts. Coca Cola released its fifth annual Global Water Stewardship and Replenish Report on World Water Day (March 22nd). The company also recently released its first GRI (Global Reporting Initiative) report, an important move to increase transparency of data on its sustainability efforts.

Ford Motor Company recently announced plans to cut the amount of water used to make each of its vehicles by 30 percent, as of 2015, compared with the amount of water used in 2009. Under its Global Water Management Initiative adopted in 2000, the company had already reduced water use per vehicle by 62% as of 2010. Ford has recognized water as a material issue, along with other environmental, human rights and financial impacts on the corporation, and has identified water as one of its top priorities. Operating as it does in a number of water-stressed areas, the car manufacturer is investing in technologies that make its manufacturing processes less water intensive, as well as technologies for treating and reusing wastewater.

The Missionary Oblates JPIC Office has increasingly focused on water in its faith-consistent investment work as a vital issue affecting the health and well being of people across the globe, but especially the poor living in water-stressed and water scarce areas.

 

 

 

April Newbrief from the JPIC Commission Office in Rome April 5th, 2012

The Commission for Justice, Peace and Integrity of Creation USG/UISG Secretariat has issued their Newsbrief for April. The newsletter is available in English and Spanish. Useful resources given on mining, land grabbing, water and more…

• Download the April Newsbrief in English
• Descargue el Newsbrief abril en español

 

 

Land Grabs in Africa Leave Communities Impoverished April 5th, 2012

The problem of land grabbing in Africa and Asia by investment firms and multinational corporations is a serious and growing problem. Governments make deals with large multinational companies while thousands of poor farmers are left with inadequate compensation, low wages, polluted water and exposure to toxic agricultural chemicals that cause health problems.

While problems with land grabs abound, SOCFIN Agriculture. Co. is a particularly egregious company. Owned by French billionaire Vincent Bollore, SOCFINAF Group owns and operates plantations of rubber, oil palm and coffee in Indonesia, Cambodia, Kenya, Cameroon, Nigeria, Cote d’Ivoire (Ivory Coast) and Liberia. SOCFIN recently has secured 6,500 hectares of farmland for rubber/palm oil production in Sierra Leone.

The Oakland Institute, a California-based think-tank, has detailed a pattern of coercion, lack of consultation, and failure to fairly compensate Sierra Leonean landowners who have been pressured into ceding their land to the corporate giant. Watch this video on SOCFIN’s Sierra Leone’s operations:

Click here to read more »

Faith Community Submits Recommendations on Human Trafficking to the UN Special Rapporteur April 4th, 2012

The Missionary Oblates, through VIVAT International, have supported/endorsed the Recommendations submitted by the ‘NGO Committee to Stop Trafficking In Persons’ to the ‘Special Rapporteur on Trafficking In Persons, Especially Women and Children’.

Learn more… (Download PDF of the Recommendations)

Spiritual Grounding for Economics April 1st, 2012

We would like to share a very interesting article on economics (translated from the Portugese) by Father Marcelo Barros, OSB, Brazilian writer and theologian. The article examines the concept of a spiritual economy and the importance of linking human needs and aspirations with the basic rationale of any economy:

“As in all fields of life and human activity, spirituality must give a soul to the economy. Without the spirit, the economy lets itself dominate the market as an idol. And money transforms itself into a fetish. The market, that in itself is a human institution of interchange and of relations between persons and between groups, has become an absolute and disconnected from the rest. To such a point that we could denounce with Jesus: “the market was made for human beings and not human beings for the market”. In the last decades of the twentieth century, the economy became more than ever centered in money and in capital titles, with authoritarian neoliberalism and predominance (arrogance).”

Learn more (Download PDF of the article)

Fr. Barros was ordained to the priesthood in 1969 by Dom Helder Camara , and for nearly ten years, from 1967 to 1976 , served as secretary and adviser to Dom Helder for ecumenical affairs. He is the author of at least six books, and has been an active member of the Ecumenical Association of Third World Theologians (EATWOT).

 

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