The Passionists advocate for wise and just investments.
Members who participated in a corporate responsibility dialogue in Mexico.
Investing Wisely and Justly
The Passionists advocate through the use of its investment portfolio.
As a member of the Interfaith Center on Corporate Responsibility (ICCR), we enter into dialogue with companies with whom we want to maintain investments but would also like to have particular areas of social concern addressed. As responsible shareholders we sometimes use the power of shareholder resolutions, but our goal is to have a productive dialogue with these companies and work together toward a positive response to these social issues.
The Passionists are engaged in dialogue with many of our corporate investments over three issues that concern our international community:
- Our first priority is to further develop basic human rights within the company and their supply chain. While we work with a variety of companies on this we are intently working with the Electronic Industry to promote the Code of Conduct for this sector known as the Electronic Industry Code of Conduct.
- Our second concern is to address carbon pollution and to promote the development and use of renewable energy. We work with our oil and automotive investments to promote the development and production of these new energy technologies.
- Finally we also work with the Pharmaceutical Industry with the intention of addressing the access of HIV/AIDS drugs and treatment those who suffer from this disease especially in Africa and Asia.
