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Article

9 Mar 2009

Author:
Christian Brothers Investment Services [USA]

Christian brothers investment services announces results of new catholic SRI survey [USA]

Catholic institutional investors have named human trafficking, abortion and companies that support governments engaged in genocide or terrorism among the top issues of concern, according to the 2008 Socially Responsible Investing (SRI) Survey conducted of its participants by Christian Brothers Investment Services, Inc. (CBIS)…Catholic investors also rated environmental justice, sweatshops/contract supplier standards, and access to water and responsible use of water resources among their top issues… 85% of Catholic institutional investors believe that active ownership has a positive impact on corporations. CBIS aims to change corporate behavior through proxy voting, dialogue with senior management, and filing shareholder resolutions with corporations. [refers to Best Buy, Cisco Systems, Dillard’s, ExxonMobil, Ford, Newmont Mining]