News Archives » faith consistent investing
Fr Seamus Finn OMI interviewed by Bloomberg TV and New York Times, Discusses Corporate Engagements September 22nd, 2015
The New York Times also interviewed Fr. Seamus Finn OMI about the ongoing corporate engagements with Bank of America. At the core of the discussion is the shareholder action requesting a separate role as Chairman and C.E.O. of the company. Fr. Seamus Finn, OMI is Chief of Faith Consistent Investing – OIP Investment Trust and a Consultant to the JPIC office.
Faith-based Investors Help VOICE to Secure Needed Funding from GE April 28th, 2015
Faith-based and socially responsible investors enabled leaders from VOICE (Virginians Organized for Interfaith Community Engagement) to use their proxies to attend the GE AGM in Oklahoma City on April 22. VOICE was interested to attend the AGM to press GE to commit to $1 million in funding for the Metro IAF/VOICE Equity Restoration Fund. The faith-based activists had already secured $1 million from J.P. Morgan and $1.5 million from Bank of America.
Their effort was successful, which the faith leaders learned in an email from the company just as they were boarding their flight to Oklahoma. The grant will serve to leverage $10 million+ from religious and other social investors to help finance the rehabilitation of blighted and abandoned properties, construction of new homes, the development of affordable rental housing, and other community restoration activities in Prince William County, VA.
The Oblates, through Fr Seamus Finn, OMI have been working with VOICE for several years on this initiative designed to help those crushed by the mortgage crisis in 2007-08.
“Invested in Change: Faith-Consistent Investing In A Climate-Challenged World” is a document produced by the Interfaith Center on Corporate Responsibility (ICCR), intended to catalyze discussion around practical solutions needed to speed the shift to low-carbon and sustainable energy alternatives. It is offered as an open invitation to companies, investors and advocates to share their gifts in the collective work to build more sustainable and climate-resilient economies, businesses and communities.
Church representatives vow to defend Latin American areas with mines December 11th, 2014
Thanks to Catholic New Service for this article, which was written by Lise Alves
SAO PAULO (CNS) — Christian leaders from 14 Latin American countries gathered in Brasilia in early December to discuss ways to reduce the impact of mining activities in their communities, especially the contamination of rivers and lakes.
“There is no large-scale industrial mining without water,” said Bishop Guilherme Werlang of Ipameri, president of the Brazilian bishops’ social justice and charity commission. But the bishops say materials used in mineral extraction contaminate groundwater, rivers and lakes in mining regions.
“It has been proven that these toxic materials will remain in the soil and in the water during many centuries,” said Bishop Werlang.
A three-day conference dubbed “Church and Mining: An Option in Defense of Communities and Territories,” was the first of its kind in the region. The conference had the support of the Brazilian bishops’ conference and the participation of the Latin American Council of Churches as about 90 participants tried to define strategies and alliances to reduce the impact of mining activities.
“We discussed the threats, challenges and insecurities that local and indigenous communities throughout Latin America are experiencing where mining companies are operating,” said Oblate Father Seamus Finn of the Oblates’ Washington-based Justice, Peace and Integrity of Creation Ministry.
Click here to read more »
Important Advances in Pediatric AIDS Drug Development December 3rd, 2014
World AIDS Day saw two important announcements regarding development of much-needed pediatric AIDS drugs. This is an issue on which the Oblates and other faith-based investors in the Interfaith Center on Corporate Responsibility (ICCR) have pressed pharmaceutical companies on for years. Since most pediatric AIDS patients are in poor, developing countries, the usual market incentive for drug development does not exist. And, the development of pediatric AIDS drugs, particularly for infants, is challenging. ICCR members have actively encouraged the major pharmaceutical companies to participate in the Medicines Patent Pool, a mechanism established under the auspices of the UN to ‘pool’ patents for drugs to make existing formulations more readily available for generic production and for innovative fixed dose combinations to be developed.
On Monday, World AIDS Day, Abbvie announced a licensing agreement for lopinavir (LPV) and ritonavir (r), top World Health Organization-recommended medicines for children. The license will enable other companies and organizations to re-formulate and manufacture specially designed LPV/r and r pediatric treatments for distribution in low- and middle-income countries where 99% of children with HIV in the developing world live. [Abbvie is a spinoff of Abbott Laboratories that contains the research-based pharmaceutical business.]
On the same day, the HIV Medicines Research Industry Forum announced that the forum is joining PEPFAR, the Global Fund, and the Pediatric HIV Treatment Initiative (PHTI) in the newly established “Global Pediatric Antiretroviral (ARV) Commitment-to-Action” to accelerate innovation and save children’s lives. The initiative is designed to accelerate the development of new, high-priority pediatric ARV co-formulations for first- and second-line treatment by 2017.
Click here to read more »
Canadian Mining Symposium a Success November 9th, 2014
Over a hundred and fifty people gathered on November 7th and 8th, 2014 at St. Paul’s University Campus for a symposium on mining organized by the Justice, Peace and Integrity of Creation ministry of the Canadian LaCombe Province. The gathering, titled SYMPOSIUM: Mining Extraction and Justice “The Global Cry of the People”, looked at the impacts of mining on affected communities, and their response. The dialog of faith groups with mining companies was also examined. Fr. Seamus Finn, OMI from the US JPIC Office, who has actively engaged a number of multinational mining companies, moderated one of the discussion panels. The symposium featured Fr. Gustavo Gutierrez, author of A Theology of Liberation, as the Keynote speaker.
Official Program available here.