Investors issue statement expressing support for US conflict minerals rule & disagreement with lawsuit by US industry groups
All components of this story
Author: Member companies of Interfaith Center on Corporate Responsibility, UNPRI, US SIF & others
[Signatories include American Baptist Home Mission Societies, Aquinas Associates, ASN Bank (part of SNS Reaal), Batirente, Better World Investments, Boston Common Asset Management, Bradglade Ltd, Calvert Investments, Catholic Health East, Christian Brothers Investment Services, Inc., Christopher Reynolds Foundation, Church of the Brethren Benefit Trust, Conflict Risk Network, Congregation of St. Joseph, Dignity Health, Domini Social Investments, LLC, ECCR - Ecumenical Council for Corporate Responsibility, Ethos Foundation, Etica SGR, Everence Financial, F&C Asset Management, First, Affirmative Financial Network, , Friends Fiduciary Corporation, Hermes Equity Ownership Services Ltd., ICCR - Interfaith Center on Corporate Responsibility, JOLT, Krulland Company, Marianist Province of, the US Maryknoll Sisters, Mercy Investment Services, Midwest Coalition for Responsible Investment Missionary Oblates Justice Peace and Integrity of Creation Office, National Justice and Peace Network, NEI Investments, Newground Social Investments, SPC, Northwest Coalition for Responsible Investment, Pax World Management LLC, Progressive Asset Management, Inc., Region VI Coalition for Responsible Investment, Responsible Endowments Coalition, Responsible Sourcing Network, Rockefeller & Co., Sustainability & Impact Investing Group, Sisters of Charity of Cincinnati, Sisters of Charity of Saint Elizabeth, Sisters of St. Dominic of Caldwell, NJ, Sisters of St. Francis of Philadelphia, Sisters of the Precious Blood, SNS Asset Management, The John E. Fetzer Institute, Inc., Trillium Asset Management, LLC, Triodos Investment Management B.V., UNPRI - Principles for Responsible Investment, US SIF: The Forum for Sustainable and Responsible Investment, Veris Wealth Partners, Walden Asset Management, Zevin Asset Management]
Author: Boston Common Asset Management
Investors representing $458.67 billion of assets under management released a statement...expressing their support for the "Conflict Minerals" final rule, Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act...The statement expresses disagreement from 56 sustainable, socially responsible, and faith-based investment groups to the lawsuit filed by the U.S. Chamber of Commerce, the National Association of Manufacturers, and the Business Roundtable. These investors commend the SEC commissioners and staff for appropriately considering the costs and benefits involved with its implementation before finalizing and passing this rule...The statement outlines the importance of protecting investors through improved public disclosure and reporting on social risk factors such as abusive labor practices and human rights impacts.