"Money Talks ... Ours Is Speaking for Justice"
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"Money Talks ... Ours Is Speaking for Justice"
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A SHORT HISTORY of OUR WORK It was 1971 when religious investors first committed their investments to holding corporations socially accountable for their actions. The Episcopal Church made history when they filed a shareholder resolution with General Motors calling on them to withdraw from South Africa. In April 1974 a Task Force on Corporate Responsibility in Investments was formed by 15 religious congregations in the Ohio, Kentucky and Tennessee region of the National Catholic Coalition for Responsible Investment (NCCRI). In 1981, in order to expand membership beyond religious congregations, the Region VI Coalition for Responsible Investment (CRI) was formed. A formal office was opened in 2001. Since this beginning, members of the CRI have worked together and with other faith-based organizations to hold corporations accountable for their actions. In 1974 the Sisters of Charity of Nazareth, together with the Sisters of Loretto, Sisters of Notre Dame de Namur and Victory Noll Sisters, became the first group of religious congregations of women to file a shareholder resolution; the issue was strip mining. The Benedictine Sisters of Covington and the Sisters of the Precious Blood challenged Bristol Myers regarding infant formula in 1975. The Dominican Sisters of St. Catharine were lead shareholders in a legal suit with WalMart, and the Sisters of Charity of Cincinnati and the Glenmary Missionaries have worked with quite a few corporations on multiple issues over the past 30 years. Our efforts are supported by the Gospel message to love, serve and work for justice. The U.S. Bishops' Economic Pastoral indicates that those who "own stock in U.S. corporations must see to it that the funds are used responsibly ..." Our activism is a response to this directive.
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