N. Kurt Barnes, Treasurer and Chief Financial Officer, announced that The Episcopal Church Economic Justice Loan Committee (ELJC) of the Domestic and Foreign Missionary Society has approved four investments in community development financial intermediaries, totaling $1.2 million.
In May...
The Church of England's Ethical Investment Advisory Group (EIAG) said it will consider selling its 3.8 million-pound (US$6 million) investment in News Corp. unless the media organization conducts a full and open inquiry into a phone hacking scandal.
The EIAG said in a statement that it...
Forty years ago, then-Episcopal Church Presiding Bishop John Hines appeared at a General Motors stockholders meeting to ask the company to quit doing business in South Africa because of that country's policy of apartheid. Today, the church continues to make its voice heard in company boardrooms...
Indian Christian activists have welcomed a decision by the Church of England to sell its shares in Vedanta Resources, whose planned bauxite mine in north-east India has taken flak from local residents and conservationists.
"We are really happy that the Church of England has taken such a...
The Church of England announced Feb. 5 that it has sold its £2.5 million ($3.9 million) shares in Vedanta Resources because of the company's human rights record and its controversial plans to construct a bauxite mine and alumina refinery in Orissa, India. The church's Ethical Investment...
The Church of England is assessing the ethical implications of a multi-million dollar investment in a company whose planned bauxite mine in Orissa, north east India, is opposed by conservationists.
The conservationists claim that the 2.5 million pound (US$4.2 million) investment is an...
The Executive Council in October directed its Social Responsibility in Investments Committee to use the church’s investments to encourage positive change in the conflict between Israelis and Palestinians.
“Our recommendation is not divestment, which I think some people were anticipating...
ARTHUR ANDERSEN. ENRON. Halliburton. Kmart. Tyco. WorldCom. Xerox. Once-respected household names synonymous with business acumen and success, in recent years these companies have grabbed headlines for darker reasons: accusations of deceptive and illegal business practices, insider trading …...
The recent spate of corporate scandals, and the questions they raise about business ethics and governance, has increased interest in socially responsible investments, according to participants in a recent conference in Massachusetts. The Episcopal Church's Social Responsibility in Investments...
"This was a first-time acquaintance for all of us," said Dr. Robert C. Holland of Bethesda, Maryland, newly elected chair of the advisory committee for corporate social responsibility of the Evangelical Lutheran Church in America (ELCA) after the first meeting with its counterpart committee on...