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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:
Help Celebrate ICCR’s 40th Anniversary! August 12th, 2011
Please join us in New York on September 22nd for ICCR’s Special Anniversary event!
ICCR Members call for Corporate Governance Reform at News Corp August 9th, 2011
In the wake of the Newscorp scandal, faith-based investors – led by Christian Brothers Investment Services – are calling for corporate governance reform at the media giant. In a letter sent on Friday to Sir Roderick I. Eddington, News Corp.’s lead independent director, expressing concern about Mr. Murdoch remaining chairman and CEO as well as other governance issues. The signers “will support the ‘floor’ resolution” to split the roles, said Father Seamus Finn, a board member of the association of faith-based institutional investors.
Read the ICCR statement on News Corp
Faith-Based Investors Press Companies to Take Action on Human Trafficking June 30th, 2011
The Missionary Oblates joined members of the Interfaith Center on Corporate Responsibility (ICCR) in an investor statement on Human Trafficking, an issue the group has been working on for many years.
The statement called on companies to develop human rights policies addressing the issues of human trafficking and modern day slavery and integrate these into corporate business plans. The group clearly articulated the business case for adopting such policies.
The statement also called for companies to report publicly on these measures and to work in collaboration with other stakeholders to eradicate these egregious human rights abuses.
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.
