News Archives » faith consistent investing
Fr. Seamus Finn Explains Faith-Consistent Investing on Local Radio Station July 3rd, 2011
Pictured from left to right: Mr. Warren E Powell, Host-“Let’s Get It On”; Mr. Thomas Kent, Director Vietnam Veterans of America -DC Chp.958; Mr. Gale Thames-Co-Host, “Let’s Get It On”; Rev. Seamus Finn, Director OMI JPIC Ministry Missionary Oblates; Mr. James M. McGee, Pres. NAPFE; Mr. Leonard Pitts, USO Advocate; Mr. Selvon Waldron, LGIO reporter. Seated Mr. Paul Tennassee, LGIO GloLocal Specialist. Mr. Leonard Pitts completed a walking trek, over 500 miles, from Clinton, SC to Washington, DC in support of the USO. Rev. Seamus Finn, was a guest speaking on Corporate Responsibility.
Seamus Finn, OMI appeared on Thursday evening on the National Alliance of Postal and Federal Employees (NAPFE) public interest radio program “Let’s Get It On” hosted by Warren Powell and Gale Thames. Fr. Seamus spoke about the work of faith-based investors in promoting corporate social responsibility.
You can listen to the program by going to the NAPFE website and click on the button “Click here to listen now”. The program segment that features the Fr. Seamus starts at minute 11 and runs for about ten minutes.
This program features information on Postal, Federal Employees, and Veterans. Subjects are Health tips, Labor Relations, Global Affairs, Latest Developments, and any others topics of interest. Each week there are special guests and informational professionals.
ICCR releases Social Sustainability Resource Guide June 28th, 2011
The Interfaith Center on Corporate Responsibility (ICCR) has issued a new publication offering suggestions to companies on how to achieve and measure greater social sustainability. The guide suggests ways to integrate different stakeholders into a constructive consultative process. The resource guide is also helpful for investors to develop collaboration skills in their shareholder engagements.
“While a number of companies have implemented sustainability initiatives, few measure the social impacts of their operations and programs in communities. In order to address this gap, ICCR is publishing this guide for implementing and measuring social sustainability programs.”
Learn more: Download the ICCR Social Sustainability Resource Guide.
Hard copies can be ordered from ICCR.
Oblate JPIC supports Congo Conflict-free Minerals Initiative June 28th, 2011
A workshop on the extractives industry supply chain on June 20th in northern Virginia pulled together more than 80 participants, including representatives from central African governments, the high-tech industry, mining companies, NGOs, and faith based investors, to discuss responsible mineral sourcing from Africa. Freeport McMoRan, Dell, Microsoft, Advanced Micro Devices, Sony and HP were come of the companies attending. Faith Responsible and Socially Responsible investors included the Interfaith Center on Corporate Responsibility (ICCR), Boston Common Asset Management, Trillium Asset Management and members of the Congo Global Coalition.
The workshop was organized by Global e-Sustainability Initiative (GeSI) and the Electronic Industry Coalition (EICC). Apart from the overall usefulness of the meeting, it provided an opportunity for JPIC staff to meet with representatives of companies whom we engage in shareholder dialogues on sustainability issues.
The roundtable discussions focused on responsible mineral sourcing from the Democratic Republic of Congo and neighboring Central Africa countries. Minerals extracted from eastern Congo, mostly the ores that produce tin, tantalum, tungsten – the 3Ts – are essential to the electronics devices we use every day. Unfortunately, some of these minerals have been contributing to violent conflict in Eastern Congo.
The GeSI and EICC workshop was designed to develop a fuller understanding of the issues associated with conflict minerals and the efforts to stop their use in manufacturing. The discussion addressed the Dodd-Frank conflict minerals disclosure law, OECD Due Diligence and the EICC-GeSi conflict free smelter program. Following the workshop, JPIC staff participated in an investors’ meeting with the Security and Exchange Commission staff (SEC) in which the discussion focused on maintaining the protections on sourcing, designed to prevent the use of conflict minerals, written into the Dodd-Frank legislation.
Learn more about the Conflict-free Minerals provisions in the Dodd-Frank legislation
ICCR Celebrates 40th Anniversary! June 6th, 2011
The Interfaith Center on Corporate Responsibility (ICCR), of which the Oblates are active members, has been engaging corporations on issues related to the common good for forty years.
Read about ICCR and some recent successful member initiatives.
Investors Encourage Corporations to Report on Water Use April 16th, 2011
Thirty-three faith-based and socially responsible institutional investors with assets under management of $2.3 trillion have written to encourage companies who failed to submit a 2010 report to the Carbon Disclosure Project’s Water Disclosure Project. The investors, which included the Oblates of Mary Immaculate, are encouraging the heavy water-using companies targeted by the Report to complete the questionnaire for 2011, or explain why they are not planning to participate. Company submissions can help identify areas of both strength and weakness in water management.
Many corporations are only now beginning to look seriously at their water use, realizing that a global water crisis could pose significant risks if this vital resource is not managed carefully. Climate Change is widely expected to aggravate worldwide water shortages in the coming decades. Credit Suisse estimates that, by 2020, 37 percent of the global population will face severe water stress.
Increased demand is a major problem. Since the 1940s, the global population has tripled to more than 6 billion people worldwide. Over the same period, global water use has quadrupled. Agriculture uses 70-80% of the water used globally. In many areas, including parts of the US, which are drawing on underground aquifers, this rate of water use is unsustainable, in other words, it is being used at a faster rate than it is being replenished.
While the metrics for reporting on water use are in the process of being refined at an international level, the CDP Water Disclosure is an important step in this process.
The Missionary Oblates of Mary Immaculate have been engaging a range of U.S. companies on water use and reporting issues, and are a signatory to the CDP Water Disclosure Project.
