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Zambian Oblate Bishop calls for Development in Western Zambia December 6th, 2011
Zambia’s Mongu Diocese Bishop Evan Chinyemba has called upon newly elected members of parliament (MP) from the area to respond to the challenges facing ordinary people. The Bishop outlined the development issues facing people, which include the need to build better schools, improve road infrastructure, rebuild health services and establish a safe water delivery system.
Bishop Chinyemba also addressed the issue of foreign investments. In these projects, local people have neither been consulted nor have they benefitted. He highlighted the need to review investments involved in cutting indigenous trees for export. Bishop Chinyemba also called for the urgent review of an investment agreement between the government Commission and private equity partners involved in managing the national park located near the Oblate parish of Kalabo.
Faith-Based Investors Call on Pharmaceutical Companies to Join the Medicines Patent Pool November 30th, 2011
In honor of World AIDS Day and the United Nation’s theme, “Getting to Zero”, members of the Interfaith Center on Corporate Responsibility (ICCR) reiterate their endorsement of the Medicines Patent Pool (MPP) created by UNITAID, and call upon pharmaceutical companies to share their licenses for life-savings AIDS medicines.
“The ‘Getting to Zero’ theme has three main goals,” said Christina Herman of the Missionary Oblates of Mary Immaculate: “Zero new infections, zero discrimination and zero AIDS-related deaths: The MPP is an effective and powerful strategy against all three. As investors in pharmaceutical companies who view access to medicines as a fundamental human right, we strongly encourage participation.”
Read the ICCR Press Release on the UNITAID Patent Pool…
A Visit to Mongu, Zambia November 29th, 2011
Early November, JPIC Office colleague Kate Walsh, who works with the TRI-State Coalition for Responsible Investment (CRI) in New Jersey, visited Oblates working in Zambia. She writes about her reflection on the trip and experience in Zambia:
Two weeks ago, I traveled to Zambia to speak at conference co-sponsored by Catholic Relief Services and CAFOD on Extractives in Southern African. My task was to speak about ICCR’s work and run a session on Shareholder Advocacy. However, I had a few days to explore the region, visit, before the conference began.
That first weekend, I went to Mongu in the Western Region. This is the poorest region of the country. After a 7-hour bus ride from the capital, I arrived and went to visit the Diocese of Mongu Development Centre (DMDC).
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Faith-based Shareholder Activists Profiled in NY Times November 14th, 2011
Religious groups have worked through the Interfaith Center on Corporate Responsibility for 40 years to encourage corporations to ‘do the right thing’ by people and the environment. Sr. Nora Nash, of the Sisters of St. Francis of Philadelphia and active in faith-based shareholder activism since the 1980’s, was profiled in the Sunday edition of the New York Times. She explained their involvement thus: “We’re not here to put corporations down.We’re here to improve their sense of responsibility.”
Seamus Finn, OMI – also deeply involved in the ICCR dialogs with the banks as well as other corporate sectors, was cited in the article: “Companies have learned over time that the issues we’re bringing are not frivolous,” said the Rev. Seamus P. Finn, 61, a Washington-based priest with the Missionary Oblates of Mary Immaculate and a board member of the Interfaith Center. “At the end of every transaction, there are people that are either positively or negatively impacted, and we try to explain that to them.”
Vatican Suggestions for Financial Reform Debated November 8th, 2011
“Robert A. Sirico’s “The Vatican’s Monetary Wisdom” (op-ed, Oct. 27) correctly praises the analysis of the causes of the financial crisis that was included in the Vatican’s statement on reforming the financial system. His summary dismissal of the suggested responses in the document clearly states that no sovereign or international regulatory authority is up to the task of regulating the major actors in the financial sector. Are we then to believe that they will do it themselves?
Haven’t we just experienced the consequences of deregulation, regulatory arbitrage and the capture of elected officials and assemblies by banks and industry associations? Greater cooperation, coordination and collaboration among sovereign regulators and authorities, as the Vatican suggested, is a step in the right direction if the public is to have a safe, stable and fair financial system that is worthy of their trust and their transactions.”
The Rev. Seamus P. Finn OMI
