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Interfaith Center For Corporate Responsibility: Celebrating A Legacy And Renewing A Promise! October 12th, 2011
Seamus Finn’s latest blog on Huffington Post looks at the 40 year legacy of the Interfaith Center on Corporate Responsibility (ICCR):
“In 1971 a small group of believers decided to establish the Interfaith Center for Corporate Responsibility to facilitate and coordinate their efforts to engage and challenge US corporations who had a presence in South Africa. The apartheid system of government was already well entrenched and they were searching for tools and opportunities that could join the chorus of advocates that were working to dismantle the apartheid system. Their objective was very simple; ask and advocate that US companies withdraw from South Africa and therefore deprive the government of any of the products or tax revenues that enabled their system of government to continue.”
“Values in Finance: Are we ready to learn the lessons?” September 27th, 2011
In a talk given at Trinity College, Dublin on the 15th Anniversary of Clann Credo – The Social Investment Fund, Fr. Seamus Finn, OMI talked about the need for the faith community to engage with business on questions of ethics and to work for more sustainable practices and institutions. He made three main points:
- Faith communities and traditions need to re-engage in the discussion of purpose and operations of the financial systems and their priorities.
- The damage that has been done to the people and the environment for the sake of fat profits and in the name of “progress’ has been tremendous and needs to ne examined.
- Religious communities, institutions and believers have always been willing to dream, innovate and risk new initiatives for the promotion of the common good.
Fr. Finn is active in faith responsible investing through the Interfaith Center on Corporate Responsibility where he serves on the Board, and in 3iG, an international, interfaith coalition of institutional investors.
Update from the United Nations September 26th, 2011
UN welcomes South Sudan as 193rd Member State
On July 14th the General Assembly admitted the Republic of South Sudan as the 193rd member of the United Nations, welcoming the newly independent country to the community of nations. South Sudan’s independence from the rest of Sudan is the result of the January 2011 referendum held under the terms of the 2005 Comprehensive Peace Agreement (CPA) that ended the decades-long civil war between the North and the South. Learn more…
World Population Nearly 7 Billion!
As the world population approaches seven billion, Secretary-General Ban Ki-moon stressed in July that ending global poverty and inequality is the key to unleashing the great human potential for prosperity and peaceful coexistence, while protecting the planet and safeguarding the natural resources that sustain humanity. “Later this year, a seven-billionth baby will be born into our world of complexity and contradiction,” Mr. Ban said in a message to mark World Population Day, observed annually on 11 July. Learn more…
UN Reports Progress Toward Poverty Alleviation
Some of the world’s poorest countries have made impressive gains in the fight against poverty, but the least developed countries still lag in efforts to improve living standards, the United Nations said in a report by DESA, showing significant overall progress towards achieving the global targets against extreme poverty.
67 Million Children Deprived of Education
67 million school-aged children are deprived of education, mainly due to financial or social hardship, in many cases stemming from poverty or armed conflict. At the opening of the high-level segment of the ECOSOC Council’ Annual Ministerial Review on 4 July, Deputy Secretary-General Asha Rose Migiro warned that “getting kids into school is only half the battle.”
Statement on Nuclear Weapons
Papal Nuncio to the UN, Archbishop Francis Chullikatt made a significant statement on the Church’s rejection of nuclear war and nuclear weaponry at the 3rd Session of the Prepatory Committee for the UN Conference on the Arms Trade Treaty (ATT). Go to: www.holyseemission.org and click on press releases.
Faith Groups urge Congress to Protect the Poor from Foreign Aid budget Cuts September 26th, 2011
A broadly ecumenical group of faith organizations has urged Congress to preserve humanitarian and poverty-focused foreign assistance and civilian diplomacy from further cuts as they implement the Budget Control Act of 2011.
The groups, which include the Missionary Oblates, argued in the letter that: “Deep cuts to humanitarian and poverty-focused foreign assistance, which totals only one percent of the federal budget, will not make a significant contribution to deficit reduction. But it could cost millions of lives, undermine global human security and harm U.S. and global interests in helping build a more stable and secure world for all people.”
ICCR and IAF Community Organizers Join Forces Against Foreclosures September 16th, 2011
Interfaith Center on Corporate responsibility (ICCR) members, including the Missionary Oblates, have been working with Metro Industrial Areas Foundation affiliates to get Bank of America & Wells Fargo to take action on foreclosure issues in Prince William County, VA and Milwaukee, WI. This collaboration has produced results:
- In Milwaukee, CommonGround, Metro IAF’s affiliate has organized successfully, forcing banks including Wells Fargo and Bank of America to commit $15.2 million to finance blight removal, a 100+ new Nehemiah homes development, and jobs in the Sherman Park neighborhood hard hit by foreclosure.
- In Prince William County, VA, Metro IAF’s affiliate, VOICE, organized and directly confronted Bank of America CEO Brian Moynihan at the 2011 annual shareholders meeting. This resulted in Bank of America senior leadership requiring reform of loan modification practices that has resulted in 250 backlogged modifications being resolved. Bank executives also committed to negotiate on VOICE’s demands that Bank of America fund housing counselors and reinvest hundreds of millions of dollars to rebuild Prince William County neighborhoods devastated by foreclosures.
VOICE is organizing a 1,000 person public action on Sunday, October 30th with Senator Mark Warner (Senate Banking Committee) and bank officials.
Watch this moving video of an anti-foreclosure rally organized by VOICE in Northern Virginia last April:
