Faith-based investing - Catholic Courier

Faith-based investing

As we slowly work our way through the Great Recession, there have been regular calls for comprehensive evaluations of what went wrong in our financial system that allowed for such an implosion. Responses have included demands for a new federal oversight committee, new legislation, new limits on bonuses and pay to top management, and more. Most of these responses have focused on the role of those outside the firms. However, some investors have begun using their power to challenge the status quo within corporations as well. Case in point, CNS reports that investors, "under the banner of the New York-based Interfaith Center on Corporate Responsibility, have introduced shareholder resolutions that call upon … banks to act more openly and with clarity in the trading of financial products known as derivatives."

The "unprecedented" positive response to these resolutions shows the possibilities for those interested in using the values and prerogatives of faith to inform all aspects of life, including decisions around investing. Working with groups such as ICCR allows individual investors to make a difference in the corporate world as a witness to the responsible use of wealth and power. Too often it can seem that one person can’t make a difference in the realm of corporate decision-making, but organizations such as ICCR prove that people of faith working together can have a real impact on the corporate culture.

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