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Tri-State CRI
40 South Fullerton Avenue
Montclair, NJ
07042
(973) 509-8800
Fax: (973) 509-8808
info@tricri.org

Sister Pat Daly on Fox Business Discussing Laudato Si and Climate Change

Following the release of Pope Francis' Encyclical 'Laudato Si', Sister Pat was invited to speak on Fox News about climate change.  In the interview below on the show Varney & Co., Sister Pat discusses the encyclical and the history of the work of the Tri-State Coalition for Responsible Investment with corporations on climate change.

 
Tri-CRI Joins Investors With $2.6 Trillion AUM in Letters to 15 Companies on Water Management

The Tri-State Coalition for Responsible Investment is proud to join over 60 institutional investors in sending letters to 15 food and beverage companies identified as laggards on water management by the recent Ceres report Feeding Ourselves Thirsty.

In today's Ceres press release about the letters, Acting Director Mary Beth Gallagher was quoted on the importance of water quality, not just water scarcity or quantity:

"Pollution from farm runoff poses environmental, reputational and financial risk to food companies, especially those in the meat industry. We’d like to see exposed companies outline specific practices for improving water quality for their facilities, their contract facilities and their suppliers to reduce the impacts of their operations on the right to water in nearby communities.”

The Tri-State Coalition leads shareholder engagement with Tyson Foods, one of the companies receiving the letters, with a focus on water quality management.

Read an example of the full letter, complete list of signatories and list of companies that received the letter.

 
Tri-State Coalition for Responsible Investment Welcomes Announcement of Clean Power Plan

Tri-State Coalition for Responsible Investment Welcomes Announcement of Clean Power Plan

The Tri-State Coalition for Responsible Investment applauds the final version of the Clean Power Plan to regulate carbon dioxide emissions from power plants.  In addition to contributing to climate mitigation, these essential regulations, which for the first time set limits on carbon pollution from power generation, will bring large public health benefits. As a coalition of Catholic investors who have engaged with corporations on these issues for decades, we recognize that these regulations will protect the most vulnerable among us, while protecting our economy for long-term value creation.

In his recent encyclical on the environment, Laudato Si’, Pope Francis calls on all people to recognize that “the climate is a common good, belonging to all and meant for all.”  The Clean Power Plan is a step towards this recognition and towards the establishment of more just relationships among people and between humanity and our planet.

We are especially pleased that the final version of the regulations incorporates feedback from the public comment we submitted to the EPA in coordination with the Interfaith Center on Corporate Responsibility. In particular, we welcome the emphasis of the final rules on increasing energy efficiency and renewable energy to meet established state targets, through appropriate incentives, as well as the heightened ambition of the plan to achieve 32%, rather than 30%, emissions reductions by 2030.  These rules will spur innovation and provide economic opportunity as low-cost, low carbon technologies are developed and adopted. We are confident that the utilities in which we are invested can not only meet, but even exceed these targets, and that these rules will mark a turning point in electricity markets. We encourage our portfolio companies to publicly accept the final rule and work with their states toward robust implementation.

Read more...
 
Tri-CRI Member Mercy Investment Services Congratulates Choice Hotels for Signing ECPAT Code

Tri-State Coalition member Mercy Investment Services congratulates Choice Hotels for signing the ECPAT Code.  This move follows years of productive engagement between Mercy Investment Services and Choice Hotels on human trafficking.  Read the full press release here and below:



 

Mercy Investment Services congratulates Choice Hotels on signing the ECPAT Code to help end human trafficking.

The Sisters of Mercy, through their investments, began collaborating with Choice Hotels on the issue of human trafficking in 2008. Since then, Choice has developed and implemented, with shareholder input, a human rights policy; created training that is available to all franchised Choice hotels; and increased communications with their hotels, namely surrounding events such as the Super Bowl that are considered high risk for human trafficking. Choice also started offering Choice Hotel members the option to donate Choice Privileges points to the Polaris Project, which uses the points to provide free hotel rooms for rescued human trafficking victims.

"We've been pleased with Choice's commitment to help end human trafficking," says Pat Zerega, senior director of shareholder advocacy. "Signing the ECPAT Code was the next step in Choice solidifying its commitment to end human trafficking." Sister Valerie Heinonen, OSU, who began the dialogue with Choice on behalf of the Sisters of Mercy says, "Choice is to be commended for its programs and trainings for the owners and general managers of its franchises, a number of which are small operations."

Read more...
 
Tri-State Coalition for Responsible Investment Rejoices in Pope Francis’s Encylical, Laudato Si

We rejoice in the leadership of our Pope Francis with this clear proclamation in Encyclical ‘Laudato Si’ of the foundational Gospel message, “that all may have life and have it to the full.”  His insights reinforce the calling of the ministry of the Tri-State Coalition for Responsible Investment, to merge investment decisions with social values in the belief that investments must achieve more than an acceptable financial return. We are pleased to see Pope Francis highlight the importance of far-sightedness in our care for ecosystems, a perspective often neglected in our current economic systems.

Our Coalition has raised concerns with corporations about these challenges facing humanity, inspired by our recognition of our interconnectedness of people and planet, and the elements of integral ecology. The investment world has recognized the opportunity in efficiency and the low carbon transition, but this must grow to meet the urgent demand.  The Encyclical reinforces our obligation to think critically about our patterns of production and consumption of energy, out of concern for the common good and our sense of responsibility for one another. As responsible investors, we commit to continue to engage ourselves and the private sector, to invest in climate solutions, to promote protection of fresh water and biodiversity, and to make the radical decisions that will facilitate the transition to more sustainable lifestyles and economies.

Finally, we resonate with Pope Francis’ message for strong, enforceable international agreements and urge all world leaders and the private sector to take up the challenges, together with all the peoples of the world.

We join investors from ICCR in welcoming this strong statement.


Tri-State Coalition Member Statements and Press on Encyclical:

Sister Patricia Daly, OP - "For those of us in the developed world, Pope Francis calls us to a profound reflection on our lives as individuals, consumers, and investors. My prayer is that we may welcome “Praised be” as a call to realign our lives, and the political, economic and religious systems of our world, to be faithful to all of creation, especially the most vulnerable."

Sister Joan Agro, OP - Letter to the Editor, NJ.com

Sister Pat on Fox Business show Varney & Co.

Sister Margaret Galiardi - 'Laudato Si' - An Encyclical of Re-membering

Maryknoll- Ecological Conversion: Called to Hope, Spurred to Action

 
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