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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.

Read the ICCR statement.

 


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.

 

 


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.

 

 

 


ICCR Calls on Companies to Adopt Vigorous Policies to Protect Against Human Trafficking May 22nd, 2011

Formal Human Rights Policies Incorporating Increased Vigilance and Training Viewed as Essential to Guard Against Material and Reputational Risk.

The Oblates of Mary Immaculate have joined a coalition of institutional investors from the Interfaith Center on Corporate Responsibility (ICCR), in sending a statement to 25 target companies asking them to make eradicating human trafficking and modern day slavery in their supply chains a top priority.

According to the UN Palermo Protocol of 2000, human trafficking involves the recruitment, transportation, transfer, harboring and/or receipt of a person for the exploitative purposes of prostitution, forced labor, slavery or servitude.

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Religious Investors Challenge Goldman Sachs on Excessive Pay May 10th, 2011

Faith-based investors challenged Wall Street’s most powerful investment bank – Goldman Sachs – as it hosted shareholders at its building in Jersey City. The Goldman Sachs AGM was held outside Manhattan for the first time in history as the investment bank sought to head off anger about the fortunes it pays its top people and its role in the financial crisis.

Members of the Interfaith Center on Corporate Responsibility (ICCR) pressed Goldman Sachs at its Annual General Meeting last week on the sensitive subjects of executive compensation and pay disparity. Goldman CEO Lloyd Blankfein had no choice but to listen.

Religious investors introduced a shareholder resolution that asked the investment bank to evaluate whether its compensation packages for senior executives are excessive and should be modified. The resolution garnered just 4% of the vote, but raised uncomfortable questions for the well-paid executives, and won the attention of the Press.

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