Earlier this month, the Fairfield Mirror reported on a speech given at Fairfield University in Connecticut:
Many consumers are content in turning a blind eye to the injustices that save them cents on their dollars. While it may be challenging to understand the social responsibilities that affect the world’s most powerful corporations, one group of investors is constantly directing these corporations to increase their social responsibility: the Interfaith Center on Corporate Responsibility.
Senior economics major Arturo Jaras Watts and Fairfield University’s Proactive Investment Club organized an event on Nov. 6 to explain how to invoke social justice in corporations through financial investment. The lecture was open to all but was mostly attended by economic and business majors.
Patricia A. Daly headlined the event at this Jesuit school. Sr. Daly, readers will recall, is executive director of the Tri-State Coalition for Responsible Investment, billed on its website as “an alliance of Roman Catholic institutional investors primarily located throughout the New York metropolitan area” and “the largest regional member of the Interfaith Center for Corporate Responsibility (ICCR).”
The Mirror quotes Daly:
[F]eatured speaker Patricia A. Daly knows the consequences that can come from certain companies’ financial choices.
She believes investors must know who they are investing in.
‘If you’re not engaged, then you might as well sell the stock if it’s really a problem … If it’s making money, then that’s blood on your hands,’ she said. (more…)