Investment always comes with responsibility

Investment always comes with responsibility

11 November 2014 11:30 - by Monica Middleton, Valeer Damen - 0 comments

Tags:

Eugene Ellmen, responsible investment pioneer and national director of Oikocredit Canada, has co-authored a blog post about the wake-up call that the struggle against the  apartheid regime in South Africa sounded for all those who put their money in investments.

At some point, someone must have realised that an investment is not a pile of money locked in a safe. Even money in the bank, and investments that may not look like investments to us, such as pension funds, are at work somewhere in the world.

In Canada, it was churches who played a major part in bringing transparency to what investments actually do. They understood that investing in ways that supported the apartheid regime in South Africa could not be reconciled with the moral tenets of their faith.

"From its launch in 1975 through to Mandela’s release from prison in 1990, [the Taskforce on the Churches and Corporate Responsibility] spearheaded church shareholder opposition to apartheid, working alongside other NGOs and the labour movement."

Since then, responsible investment has steadily gained ground. Recently, investors managing £15tn of assets have called for a clear price on carbon, and an end to fossil fuel subsidies.

Oikocredit stems from the same root. At a World Council of Churches meeting in 1968, young, socially engaged church members called for an ethical investment channel. Oikocredit is the result of their efforts.

Read the full blog post over at the Responsible Investment Association

Comments

Leave a comment!

Italic and bold

*This is italic*, and _so is this_.
**This is bold**, and __so is this__.

Links

This is a link to [Procurios](http://www.procurios.nl).

Lists

A bulleted list can be made with:
- Minus-signs,
+ Add-signs,
* Or an asterisk.

A numbered list can be made with:
1. List item number 1.
2. List item number 2.

Quote

The text below creates a quote:
> This is the first line.
> This is the second line.

Code

A text block with code can be created. Prefix a line with four spaces and a code-block will be made.