Thursday, June 30, 2011

Episcopalians stand up for ethical behavior and justice in the financial world

From ENS-

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 and in legislative chambers on issues of financial ethics and economic justice.

Episcopalians in several states are battling what they say are predatory lending practices that perpetuate poverty. Various dioceses and the wider church also support investment opportunities such as credit unions, which offer alternatives to payday lenders and foster community development.

Members of the church's Social Responsibility in Investments Committee, with the approval of Executive Council, routinely file stockholder proxies to be voted on at corporations' annual meetings and meet with company representatives on issues ranging from diversifying boards to stopping mountaintop removal in Appalachian mining. And the Episcopal Network for Economic Justice provides education and advocacy on a range of issues, from community investing to employment practices, immigration and health care.

More here-

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