Mon Nov 14, 2011 at 10:25:05 AM EST
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Yesterday's New York Times profiled the important work that the Sisters of St. Francis of Philadelphia, an Isaiah Fund investor, are doing together with the Interfaith Center on Corporate Responsibility to positively influence corporate policies and actions.
As the article describes, the Sisters of Philadelphia purchase corporate shares with their retirement funds and then use their shareholder status to submit resolutions and even work directly with corporate leaders on issues they care about.
Long before Occupy Wall Street, the Sisters of St. Francis were quietly staging an occupation of their own. In recent years, this Roman Catholic order of 540 or so nuns has become one of the most surprising groups of corporate activists around.
The nuns have gone toe-to-toe with Kroger, the grocery store chain, over farm worker rights; with McDonald’s, over childhood obesity; and with Wells Fargo, over lending practices. They have tried, with mixed success, to exert some moral suasion over Fortune 500 executives, a group not always known for its piety.
The Sisters of St. Francis of Philadelphia, along with several other religious groups, have combined a strategy of corporate activism and community investment to carry out their social justice work. They make low-interest loans to community loan funds such as the Isaiah Fund, and have also become corporate investors to address various corporate practices.
Kudos to the Sisters of St. Francis of Philadelphia and the Interfaith Center on Corporate Responsibility for their long-term commitment to corporate responsibility and their persistent and hard work to carry out their mission. |
| Laura Wintroub :: From the Convent to the Board Room: Faith-Based Corporate Responsibility Highlighted in NY Times |
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