News Archives » interfaith center on corporate responsibility
Fr. Séamus P. Finn on the Evolution of Catholic Investing February 9th, 2017
Fr. Séamus P. Finn, OMI, spoke to participants at the Catholic Community Foundation of Minnesota, February 8,th 2017
The three core elements for Catholic Investment that were presented by the US Catholic bishops in 1986 and reinforced by the investment guidelines that were adopted for the management of the financial assets of the United States Catholic Conference of Bishops were;
1) Do not invest in companies, products or services that counter to Catholic moral teaching.
2) Exercise responsible active ownership of shares that the USCCB has in the portfolio through a process of engagement with the directors and managers of these institutions.
3) Proactively investing in funds and projects that are designed to promote the common good and sustainable development that in some cases offer a lower rate of return.
The good news is that much has been achieved in the first of these categories, also known as negative screens, when excluding investments in specific companies and or industries. Now the work of applying these same screens across all assets classes in a portfolio needs to be accelerated.
Secondly, little has been done to take up the work of active engagement and this responsibility for active advocacy and dialogue is more important now than ever given the growing influence of corporations and large investment funds on nearly every aspect of life. Some catholic religious orders and institutions have done the bulk of this work through organizations like the Interfaith Center on Corporate Responsibility, www.iccr.org.
Investors and Public Health Groups Voice Support for Affordable Care Act January 18th, 2017
Amid calls from some lawmakers and the President-elect for an immediate repeal of the Affordable Care Act (ACA), a coalition of 119 faith- and values-based investors and public health groups strongly defended the gains made under the law and urged restraint.
In a letter sent today to President-elect Trump and members of Congress, the group, led by the Interfaith Center on Corporate Responsibility, praised the expansion of quality and affordable health insurance under the ACA to more than 20 million previously uninsured Americans, and warned that a repeal of the health care law would have a “destabilizing effect on jobs, businesses and our economy, and would further jeopardize the health and financial security of millions of Americans”.
Read the full article on Interfaith Center on Corporate Responsibility’s (ICCR) website.
Watch a Video of Fr. Séamus Finn Speaking on Faith-based Investing in Sustainability August 24th, 2016
Fr. Séamus Finn OMI, Chief of Faith Consistent Investment, OIP Investment Trust & Chair, Interfaith Center on Corporate Responsibility recently spoke on Faith based Investing in Sustainability at an event hosted at the International Finance Corporation.
Where You Bank Matters April 20th, 2016
Where You Bank Matters, by Fr. Seamus Finn, OMI
In collaboration with the Socially Responsible Investment Coalition (SRIC), ICCR sponsored an informative and engaging roundtable on sustainable banking at the Oblate School of Theology in San Antonio on April 6th. The idea for the roundtable was part of the vision and mission of the ICCR financial services caucus and was realized when the group found an accomplished and energetic partner in the Global Alliance for Banking on Values.
Vatican Radio interviews Fr. Séamus Finn on the impact of mining operations on local communities October 9th, 2015
Father Séamus Finn, OMI recently moderated a conference in the Vatican for Church representatives and Chief Executive Officers (CEOs) of major mining conglomerates to discuss the impact of mining operations on local communities.
After the conference Devin Watkins of Vatican Radio spoke to Fr. Séamus in a wide-ranging interview about the goals of the meeting. Listen to the interview at this website.
The Missionary Oblates, along with other ICCR members, are trying to limit climate-related risk by advancing research and dedicated investment in climate change solutions. These Climate Finance initiatives are being pursued by faith-based and socially responsible investors to propel the shift we need to a low-carbon economy.
What is lacking is a favorable policy environment that can ensure optimal risk-adjusted returns, which, investors, as fiduciaries, are required to achieve. As articulated in the Global Investor Statement on Climate Change (endorsed by 265 investors including ICCR, and representing $24 trillion in assets), private investment will only flow at the scale and pace necessary if it is supported by clear, credible and long-term policy frameworks that shift the risk-reward balance in favor of less carbon-intensive investment. For this reason, ICCR members are working with others in the investment community to press for the climate policy shifts that will unleash this flow of capital and drive clean energy investment. At the same time, members are seeking to educate the broader responsible investment community about both current and future climate finance opportunities.
Here are some examples of initiatives in which the Missionary Oblates have been active:
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