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Missionary Oblates Join Other Institutional Investors in Calling for Comprehensive Immigration Reform May 1st, 2013
Missionary Oblates joined more than 70 institutional investors in a letter calling on Congress to take immediate action and pass common-sense immigration reform. The organizations consist of investors representing $890.5 billion in assets on behalf of major pension funds, non-profit organizations and socially conscious and faith-based investors.
The investors’ letter says, “We believe comprehensive reform must be developed and implemented consistent with the human rights of all concerned, must value the integrity of families and must prevent immigrant workers be they temporary or permanent from being subjected to second-class employment standards.”
Read the letter (Download PDF)
Lives Destroyed, Dreams Crushed and Cheap Clothes April 29th, 2013
The collapse of a large eight-story garment factory in Savar on the outskirts of Dhaka a few days ago has resulted in numerous images, stories and reports. The loss of more that 300 lives, most of them young parents, alongside the countless number that have suffered serious injuries, has resulted in immeasurable pain, suffering and anger.
Unfortunately, this is not the first time that the spotlight has been directed on the garment industry in Bangladesh.
Read Fr. Finn’s latest blog on Huffington Post…
Streetwise Highlights Faith Consistent Investment Work January 3rd, 2013
A series of recent articles in Streetwise focusing on socially responsible investing, look at the work of the Interfaith Center on Corporate Responsibility (ICCR), the financial crisis and shadow banking system from the perspective of faith-consistent investors, and “doing well by doing good”. Streetwise, a social service agency in Chicago serving the homeless and at-risk population, combines immediate access to earned income through the sale of their newspaper with an array of social service supports.
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2012 Fall/Winter JPIC Report Available November 8th, 2012
The Fall/Winter Issue of our bi-annual print newsletter is now available on-line. (Download the PDF)
This issue includes articles on Faith Consistent Investing, social justice education in Sri Lanka, campaigns against torture and the effort to ban conflict minerals, Oblate work in the Peruvian Amazon, faith-based principles for US immigration reform, JPIC network updates, the impact of climate change on the poor, the state of faith-based community organizing and the bountiful Oblate garden in Washington, DC.
We hope you enjoy this issue, and would welcome your feedback on the newsletter. Comments can be left below.
Interfaith Investors to Score Banks November 6th, 2012
The Interfaith Center on Corporate Responsibility, an influential investor coalition, will issue scorecards for the seven largest US banks next year, based on factors such as risk management and executive compensation.
The coalition has been influential in the field of corporate governance, pushing on issues such as “say on pay”, an advisory shareholder vote on executive compensation, which was included in the Dodd-Frank financial reform act.
ICCR has sent questionnaires to the seven largest US banks: Bank of America Merrill Lynch, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo. Sustainalytics, a provider of environmental social governance research, is partnering on the research.
Reverend Séamus Finn of the Missionary Oblates of Mary Immaculate said in the organisation’s annual report: “What is frustrating for many of us is the knowledge that the vast majority of these problems can be avoided by adopting the appropriate risk management safeguards and the requisite checks and balances. With each new scandal we think ‘maybe this time they will get it’, and then we open the morning paper to see that we still have work to do.”
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