News Archives » faith consistent investing
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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Show Us the Money September 12th, 2012
The conventions of the two dominant political parties at the end of the summer have unleashed a torrent of mass media, social media and traditional coverage of the major personalities and agendas…
In his latest blog on Huffington Post, Fr. Seamus Finn, OMI discusses the influence of the vast amounts of corporate money unleashed by the Supreme Court decision, Citizens United, and the efforts by faith-based and socially responsible shareholders to press for greater transparency of corporate political contributions.
