News Archives » Faith Responsible Investing
Socially Responsible Investors Call for Transition to a Low-Carbon, Socially Sustainable Economy April 15th, 2009
Umbrella organizations for the sustainable and responsible finance industry, including the Social Investment Forum, of which the Oblates are a member, have issued an important statement on transforming global capital markets.
They contend that “the current economic crisis affords a unique opportunity and imperative to transition to a low-carbon, resource efficient and socially sustainable economy.” The groups thus have called upon world leaders to respond to the economic challenge facing the global economy by incorporating sustainability and social responsibility measures into both the economic stimulus packages for short-term recovery and the longer-term reform of the credit and investment markets.
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G20: Prioritize the Needs of the Poor April 7th, 2009
On April 2, the Group of Twenty (G20) World leaders met in London to discuss the global financial crisis and explore ways to address the situation. Created in 1999, the G20 is a meeting of Finance Ministers on matters of global finance. It is composed of a group of seven (G7) wealthy nations, namely Germany, the United States, Britain, Japan, Canada and Italy; 12 members from Argentina, Australia, Brazil, China, India, Indonesia, South Korea, Mexico, Russia, Saudi Arabia, Turkey and South Africa (the only Africa nation in the G20) and representatives from the World Bank, the International Monetary Fund (IMF) and the European Union.
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Civil Society Groups Urge President Obama and Congress to Curb Food Speculation to Fight the Global Hunger Crisis March 27th, 2009
Letter to White House, Congressional Leaders Demands Swift Action
WASHINGTON, DC – Tuesday, a coalition of faith, hunger, international development, farm and food organizations including the Oblate JPIC Office, sent a letter to President Obama requesting decisive support for efforts to wring out excess speculation in agricultural futures markets that threatens the food security of hundreds of millions of people. The letter notes that “A significant part of last year’s food price fluctuations were the result of excessive speculation in the commodities markets by the very hedge funds and investment banks that helped create the current economic meltdown.”
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The Spring 2009 issue of JPIC Report now available March 18th, 2009
The Spring issue of JPIC Report is now available, with hyperlinks to email addresses and websites mentioned in the text. (Download PDF)
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US Airways Combats Child Sex Tourism March 4th, 2009
ICCR members thanked US Airways for its effort to inform passengers of the evil of child sex tourism in an advertisement in a recent issue of US Airways Magazine. At the recent III World Congress Against Sexual Exploitation of Children and Adolescents held in Rio de Janeiro, Nov. 25-28, 2008, Queen Silvia of Sweden stated that “Business executives have to play an active role; the society will not support companies that are indifferent to social problems.” The queen urged “transport, internet, travel and tourism sectors to deepen their commitment within their productive chains to fight child and adolescent sexual tourism world-wide.”
The Oblates are actively engaged in work to combat human trafficking through ICCR, and were a signatory to the letter.
