News Archives » faith consistent investing
Responsible Purchasing and Investing: A Catholic Priority January 12th, 2012
From buying toothpaste to managing a portfolio – Catholics across the country are taking action to avoid buying from or investing in companies that fail to respect human dignity.
In the 2009 encyclical Caritas in Veritate, Pope Benedict XVI wrote that the economy should be at the service of people, and not the other way around.
“Profit is useful if it serves as a means towards an end that provides a sense both of how to produce it and how to make good use of it,” the pope wrote. “Once profit becomes the exclusive goal, if it is produced by improper means and without the common good as its ultimate end, it risks destroying wealth and creating poverty.”
Going further, Fr. Seamus Finn, OMI has argued that faith-based investors should demand accountability from the companies they invested with or they should divest stock in companies engaged in morally objectionable practices. “With ownership comes responsibility and rights.”
Catholics and Faith-Consistent Investing January 8th, 2012
Learn about the possibilities available to help individuals develop a “faith-consistent” stock portfolio. In an article in Our Sunday Visitor, titled Investing with a clear conscience: Catholics don’t have to sacrifice big financial returns to invest in line with their ideals, Scott Alessi interviews Fr. Seamus Finn, OMI and others about the importance of active, faith-consistent investing.
“Church teaching clearly emphasizes the importance of placing one’s faith above financial gain. The Catechism of the Catholic Church states that economic success should never come at the expense of human dignity and that “a theory that makes profit the exclusive norm and ultimate end of economic activity is morally unacceptable” (No. 2424).”
Faith-based Shareholders Explain their Work on CBS’s The Early Show December 12th, 2011
Rebecca Jarvis, of CBS’s The Early Show, talks with the Rev. Seamus Finn and Sister Pat Daly, from the Interfaith Center on Corporate Responsibility, about how they help major corporations realize their social duties to make them better.
When Times Are Tough, True Leaders Emerge December 2nd, 2011
Fr. Seamus Finn’s most recent blog on Huffington Post focuses on the need for “corporate leadership to find their voice in the conversation, re-evaluate their role in the economy and promote the social responsibility of the corporations that they lead.”
Faith-Based Investors Call on Pharmaceutical Companies to Join the Medicines Patent Pool November 30th, 2011
In honor of World AIDS Day and the United Nation’s theme, “Getting to Zero”, members of the Interfaith Center on Corporate Responsibility (ICCR) reiterate their endorsement of the Medicines Patent Pool (MPP) created by UNITAID, and call upon pharmaceutical companies to share their licenses for life-savings AIDS medicines.
“The ‘Getting to Zero’ theme has three main goals,” said Christina Herman of the Missionary Oblates of Mary Immaculate: “Zero new infections, zero discrimination and zero AIDS-related deaths: The MPP is an effective and powerful strategy against all three. As investors in pharmaceutical companies who view access to medicines as a fundamental human right, we strongly encourage participation.”
Read the ICCR Press Release on the UNITAID Patent Pool…
