http://www.interfaithalliance.org/Rr/who.htm
Interfaith Center on Corporate Responsibility
For nearly thirty years the Interfaith Center on Corporate Responsibility
(ICCR) has been a leader of the corporate social responsibility
movement.[Lausanne Movement?] ICCR's membership is an association
of 275 Protestant, Roman Catholic and Jewish institutional investors,
including national denominations, religious communities, pension
funds, endowments, hospital corporations, economic development
funds and publishing companies. ICCR and its members press companies
to be socially and environmentally responsible. Each year ICCR-member
religious institutional investors sponsor over 100 shareholder
resolutions on major social and environmental issues. The combined
portfolio value of ICCR's member organizations is estimated to
be $110 billion.
Energy and Environment
Despite overwhelming consumer demand, the Food and Drug Administration
(FDA) still fails to require safety testing and mandatory labeling
of all genetically engineered foods. Its proposed voluntary labeling
policy is not adequate to protect human health or the environment,
and denies consumers a basic right to know. But you can make
a difference! Learn how. Read more
Click here to read the text of the social responsibility shareholder
resolutions submitted for votes at 2001 corporate annual meetings.
Check the status of 2001 shareholder resolutions here.
Citigroup shareholder alert
Are you concerned with predatory lending, debt forgiveness, and
the criteria used for lending? Learn what Citigroup shareholders
are doing.
ICCR's International Health Program has produced a chart of the
eight companies that produce HIV/AIDS drugs, along with their
products.
ICCR Names New Executive Director
The Interfaith Center on Corporate Responsibility today announced
the appointment of Patricia Wolf, RSM, as ICCR's new Executive
Director. Sr. Wolf succeeds Timothy Smith, ICCR's previous Executive
Director, who retired in September 2000.
A publication of the Interfaith Center, the Corporate Examiner
reports on the policies and practices of major U.S. corporations.
Preview the April issue now!
http://www.iccr.org/
Shareholders Resolutions
http://www.iccr.org/products/proxy_book/topic_nav.htm
The proxy resolution is an important mechanism for submitting
proposals to corporations on issues of social significance. Below
is a guide to those resolutions filed for 2001, arranged by company.
Click here to view the 2001 resolutions via our topic guide.
Companies · Resolutions · Sponsors
ABBOTT Pharmaceutical price restraint
ABERCROMBIE FITCH Implement supplier code independent monitoring
ADVANTA No predatory lending
AETNA Endorse CERES Principles
ALBERTSON'S Endorse CERES Principles
ALBERTSON'S Label genetically engineered foods
http://www.iccr.org/products/proxy_book/companynav1.htm
ENDORSE CERES PRINCIPLES
WHEREAS:
Leaders of industry in the United States now acknowledge their
obligation to pursue superior environmental performance
and to disclose information about the performance to their investors
and other stakeholders.
The integrity, utility, and comparability of environmental disclosure
depend on using a common format, credible metrics, and a set
of generally accepted standards. This will enable investors to
assess environmental progress within and across industries.
The Coalition for Environmentally Responsible Economies
(CERES) - a ten-year partnership between large investors, environmental
groups, and corporations - has established what we believe is
the most thorough and well-respected environmental disclosure
form in the United States. CERES has also taken the lead internationally,
convening major organizations together with the United Nations
Environment Programme in the Global Reporting Initiative,
which has produced guidelines for standardizing environmental
disclosure worldwide.
Companies that endorse the CERES Principles engage with stakeholders
in transparent environmental management and agree to a single
set of consistent standard for environmental reporting. That
standard is set by the endorsing companies together with CERES.
The CERES Principles and CERES Report have been adopted by leading
firms in various industries: Arizona Public Service, Bank America,
BankBoston, Baxter International, Bethlehem Steel, Coca-Cola,
General Motors, Interface, ITT Industries, Northeast Utilities,
Pennsylvania Power and Light, and Polaroid, and Sun company.
We believe endorsing the CERES Principles commits a company to
the prudent oversight of its financial and physical resources
through: 1) protection of the biosphere; 2) sustainable use of
natural resources; 3) waste reduction; 4) energy conservation;
5) risk reduction; 6) safe products/services; 7) environmental
restoration; 8) informing the public; 9) management commitment;
10) audits and reports. (The full text of the CERES Principles
and accompanying CERES Report form are obtainable from CERES,
11 Arlington Street, Boston, Massachusetts 02116, (617) 247-0700/
www.ceres.org.)
RESOLVED:
Shareholders request that the company endorse the CERES Principles
as a reasonable and beneficial component of their corporate commitment
to be publicly accountable for environmental performance.
SUPPORTING STATEMENT:
Recent studies show that the integration of environmental commitment
into business operations provides competitive advantage and improves
long-term financial performance for companies. In addition, the
depth of a firms environmental commitment and the quality
with which it manages its environmental performance are indicators
of prudent foresight exercised by management.
http://www.iccr.org/products/proxy_book/env_res/ceres.htm
Global Finance and Community Economic Development
http://www.iccr.org/issue_groups/finance/feature_citigroup.htm
Citigroup Shareholder Alert
Concerned with predatory lending, debt forgiveness, and the criteria
used for lending, members of the Interfaith Center sent the following
letter to Citigroup on April 2. If you support their concerns
and have not yet signed on to the letter, there is still time
to act. If you hold stock in Citigroup you can also send a copy
of the letter to the company on your own letter head. You should
time your letter so that it arrives before the company's annual
general meeting on April 17.
Also, kindly send a copy of your letter by email or fax to Laurie
Michalowski at: laurie_michalowski@gbop.org or (fax) 847-866-4637.
Include your name, the name of your organization (for identification
purposes, only), and the number of shares of Citigroup that you
own.
Read this year's shareholder resolutions to Citigroup:
International Financial Stabilization
No Predatory Lending
Financing Three Gorges Dam
Equal Employment Opportunity Report
--------------------------------------------------------------------------------
2 April 2001
Mr. Sanford I. Weill, Chairman and Co-CEO
Citigroup, Inc.
399 Park Ave.
New York, NY 10043
Dear Mr. Weill:
As religious institutional investors with more than
4,750,000 shares of Citigroup stock, we are concerned by
money laundering reports, which were published by Senator Levin's
Permanent Subcommittee on Investigations, as well as by the various
press reports. Because these reports suggest that there have
been repeated failures on the part of Citibank to remedy its
policies and procedures to prevent these problems, we would like
to meet with senior officials of the Bank to understand the problem
from the bank's perspective. We want to know what remedies, including
the Wolfsberg Principles, are being put into place and how they
are being implemented to avoid future recurrences of these problems.
This issue is of immediate importance to us. Citibank's assurance
to us that money laundering is not a problem is challenged by
recent media headlines that indicate a serious breach of Citibank's
integrity to its shareholders.
As you know, we have been engaged in a sustained dialogue with
Citigroup on a variety of issues for well over twenty years.
As shareholders in the company, we have used the channels available
to us to raise issues of concern to the attention of management.
We have shared these matters with other shareholders through
the proxy process. These vehicles, have in various ways, allowed
us to address our concerns and have provided the company with
the opportunity to present to us their policies and practices.
We have approached these meeting in good faith.
Mr. Weill, we come out of many faith traditions and collaborate
with the 275-member organization of the Interfaith Center
on Corporate Responsibility in New York. We are also networked
globally through various relationships with colleagues of our
religious institutions throughout the world who continue bringing
to our attention the impact of the global financial system on
the poor and marginalized. We have addressed these issues with
the company by presenting resolutions on capital flight, international
lending criteria, debt restructuring criteria, money laundering,
prudential safeguards in the financial system and more.
More recently, during the celebration of the Jubilee 2000, some
shareholder joined with other colleagues in efforts to cancel
the debt, which continues to burden the more than 3 billion people
who are forced to survive on less than $2 a day. We believe that
much of the outstanding debt is illegitimate, onerous and simply
cannot be paid whether it is owed to private commercial banks,
sovereign governments or multilateral institutions. We believe,
in fact, that through the terms of interest, in many cases, the
debt has already been paid.
Moreover, many people believe that the debt crisis is an integral
aspect of the financial system, which is stacked against vulnerable
and marginalized people, especially those who live in the world's
poorest countries. The devastating effects of international financial
instability and the periodic financial crises which occur whether
in Mexico, Brazil, Russia or Thailand, are heaped disproportionately
on the backs of poor women, men and children.
In recent years we have met with various representatives of Citigroup
who are not as knowledgeable of our history with the company.
It would be our preference to dialogue with representatives who
are at the highest level of management or who are in the position
to make decisions on respective issues.
This leads us to question the seriousness with which company
officials approach our meetings and indeed the value of the information
shared and the pledges made. After a mid February meeting we
requested a follow up meeting to address the reports on Citibank
and money laundering which were published by Senator Levin's
Permanent Subcommittee on Investigations and were rebuffed by
a company representative.
We believe the future success of our company depends on its trustworthiness
in the eyes of consumers and investors. We would contend that
the seriousness with which our company takes its responsibility
to participate with others in promoting the public good of all
people and safeguarding the resources of the planet is an indispensable
part of Citigroup's moral and financial leadership. Our interest
as shareholders and our commitment to the well being of our brothers
and sisters throughout the world are intrinsically united. We
take these responsibilities seriously and urge you and your colleagues
to work with us in these efforts.
Once again we are asking that you and other Citigroup decision
makers meet with us to hear our concerns and to present to us
the company's response.
Thank you for your personal and immediate consideration of this
matter.
Sincerely,
Laurie Michalowski, sssf
Contact for the Religious Institutional Investors in Citigroup
Members of the Interfaith Center on Corporate Responsibility
Read the complete list of signatories
Signatories of the Citigroup Letter:
Michael Hoolahan, CP, Treasurer
Congregation of the Passion, Holy Cross Province
2,000 shares
Mary Ann Tierney, S.C., Chief Financial Officer
Congregation of the Passion, St. Paul of the Cross Province
13,820
Barbara Aires, S.C.
Coordinator of Corporate Responsibility
Sisters of Charity of St. Elizabeth
3,607 shares
Seamus Finn, OMI
Missionary Oblates of Mary Immaculate
10,000 shares
Vidette Bullock Mixon, Director
Corporate Relations and Social Concerns
General Board of Pension and Health Benefits of the United Methodist
Church
1,356,259 shares
Connie J. Takamine, Treasurer
Women's Division of the General Board of Global Ministries of
the United Methodist Church
29,281 shares
Trudy Brubaker
Director for Corporate Social Responsibility
Evangelical Lutheran Church in America
551,800 shares
http://www.iccr.org/issue_groups/finance/feature_citigsigs.htm
The National Interfaith Hospitality Network is a national, non-profit
organization that assists religious and community organizations
in developing and operating Network programs.
Our goal is to alleviate homelessness by fostering the development
of Networks that provide shelter, meals, and assistance for homeless
persons, and that increase community involvement in direct service
and advocacy.
http://www.nihn.org/
Interfaith Voices for Peace and Justice
includes Freemasons, Christians, Islam, etc..
WE CALL
People of all faiths to share and cooperate in the search for
peace and justice on earth.
WE OFFER
1. A Directory of more than 800 organizations actively seeking
peace and justice.
2. A division of those groups into 20 areas of concern.
3. Ways to contact each individual group.
4. Ways to communicate with an entire focus group or the entire
list.
WE INVITE
Others groups to join those listed on Interfaith Voices.
1. Listed groups supply a contact person (representative), an
address, phone, fax, email, website, focus of work, and brief
mission statement.
2. Each receives a code enabling their representative to change/update
their webpage as needed. Listed groups share news, programs,
events, needs and joys.
WE HOLD
1. People of all faiths have a common call to seek peace
and justice. Scriptures of all major faiths include a Golden-Rule
type directive.
2. All major faiths hold God, the perfect, the divine, to be
a source of peace, unity and love.
http://interfaithvoices.org/ifv.cfm
Memberships 317 organizations
http://interfaithvoices.org/ifv/directory/orgs6.cfm
Cultawareness Network LA, CA - Mr. Andrew Bagley
Wiesenthal Center
Rainbow/ Push Coaltion
Association of Christian Churches, South Dakota Rev. Richard
Fisher
Association of Christian Churches - South Dakota
Rev Richard Fisher - President
Type
Faith/Interfaith
Mission
To be an initiator, enabler, and coordinator for ecumenical plans
and projects to do those things that we may together do more
effectively and efficiently than separately, and to do those
things that we ought or must do together if they are to be done
at all.
Focus - Community Ministry
Contact
Last Updated: 01/03/00
Address: 1320 S Minnesota Ave #210
City: Sioux Falls
State: SD
Zip: 57105-0657
Country: USA
Phone (1): (605) 334-1980
Fax: (605) 996-1766
IFV Representative: Rev Richard Fisher - President
Email (1): rwfisher@midco.net
Membership
Membership organization: Yes
Number of members: 10 denominations
Newsletter
Publish Newsletter: Yes
Newsletter: ACCENT
|