Corn Field

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

Tri-CRI applauds Cambell's Leadership on GMO Labelling

The Tri-State Coalition for Responsible Investment joins the broader Interfaith Center for Corporate Responsibility community in welcoming Cambell's announcement that it will begin voluntarily labeling food products containing GMO ingredients.  This decision places Campbell's in a leadership role in terms of transparency and sustainability in the food sector.

Tri-CRI also recognizes the leadership of Cathy Rowan, who represents our member the Mary Knoll Sisters, in facilitating ICCR's dialogue with Campbell's for a number of years. This is the latest in a string of victories that Cathy has secured with Campbell's as it strives towards sustainability and respect for human rights.

For more information, please see ICCR's press release below:

Read more...
 
Tri-CRI Welcomes ADM's First Progress Reports on No Deforestation, No Exploitation Policy Implementation

The Tri-State Coalition for Responsible Investment welcomes the release of ADM's first progress reports on the implementation of its No Deforestation, No Peat, No Exploitation policy for both palm oil and soy. Implementation of these policies, which complement ADM's Human Rights Policy adopted after engagement by Tri-CRI, has followed a four step process, as the reports lay out:

  1. Identifying areas of high risk
  2. Establishing a footprint and baseline traceability
  3. Reviewing Direct Suppliers
  4. Monitoring and reporting on progress

The report on soy is available here, and the report on palm oil is available here.

 
An Eye On COP21 Paris Climate Negotiations

 

As the COP 21 Paris Climate Negotiations begin, Sister Pat Daly is in Paris with many members of the Dominican Order, and they have recently sent a statement to COP 21 delegates (see below).  You can follow their activities here. ​

​Tri-CRI members have long engaged ExxonMobil on its position on climate change, encouraging positive actions within its business model as well as leadership on climate policy. We recently led a petition calling on the company to issue a statement in support of COP 21, as many of its peers in the oil and gas sector have done. After securing 255 individual signatures, we sent the petition to ExxonMobil. We were pleased to see that ExxonMobil has released a statement that broadly supports the Paris Climate Negotiations and the goal of limiting the impacts of climate change on humanity and ecosystems. The full statement is available here.

While ExxonMobil's statement could be strengthened, particularly by including reference to limiting warming to no more than 2°C above pre-industrial levels, we are pleased to see ExxonMobil taking a supportive position, and we hope that this may represent a shift towards further, more proactive actions by the company to support a carbon tax in the US capable of achieving necessary reductions in GHG emissions. Our efforts to encourage a responsible transition to a low carbon economy will continue through our shareholder resolution and the work of other members of ICCR. ​

 

 


 

Open Letter to the Delegates of the Twenty-First Conference of Parties

United Nations Framework Convention on Climate Change

As Dominican Sisters and Brothers engaged in various parts of the world where we witness the devastating effects of climate change, especially on the most vulnerable, we are here in Paris to urge a redoubling of efforts to ensure the Paris summit results in a strong and legally binding agreement.

Developed countries must take the lead in the reduction of carbon emissions to ensure not more than a 1.5 degree Celsius increase over pre-industrial levels. Finances and technology for adaptation and mitigation with no strings attached must be provided to the nations who have been and are struggling with the impacts of climate change.

Governments must move away from narrow national interests and corporate interests to a commitment to the common good of people and planet if we are to avert catastrophic climate change.

As UN Secretary General Ban Ki-moon said on April 28, 2015, at a Vatican consultation on Laudato Si, “We are the first generation that can end poverty in our lifetime, and the last generation to tackle climate change before it is too late, before we have to regret. Future generations will judge us harshly if we fail to uphold our moral and historical responsibilities.”

In the words of Pope Francis, “Particular appreciation is owed to those who tirelessly seek to resolve the tragic effects of environmental degradation on the lives of the world’s poorest” (Laudato Si, 13).  As COP21 opened, he said, “It is either now or never…. We are at the brink of a suicide.”

-- Sister Celestina Veloso Freitas, OP, International Promoter of Justice, Peace and Integrity of Creation of Dominican Sisters International

-- Sister Margaret Mayce, OP, Representative of the Dominican Family at the United Nations, New York

-- Father Michael Deeb, OP, Permanent Delegate of the Dominican Order to the United Nations, Geneva

On behalf of more than 180,000 Sisters, Brothers, and Laity of the Dominican Family.

 
Tri-CRI Launches Petition Asking ExxonMobil To Support the Paris Climate Talks

In support of Tri-CRI's shareholder resolution to ExxonMobil entitled "Acknowledge Moral Imperative to Limit Global Warming to 2°C," the Coalition has launched a public petition to Exxon asking the company to support the COP21 Paris Climate Negotiations set to begin at the end of this month.

As the petition notes, already, ten of ExxonMobil’s peers in the oil and gas industry, including Saudi Aramco, Total, Shell, Pemex, Statoil, and BP have issued a statement in support of the COP21 Negotiations, calling for “clear stable policy frameworks that are consistent with a 2°C future.” Yet ExxonMobil has remained silent.

Hours after the launch of the petition, the New York Times reported that the New York Attorney General is investigating ExxonMobil on whether it has defrauded its investors and the public. This official investigation makes meaningful action even more important. Shareholders and stakeholders must hold Exxon accountable, and we are concerned about what the findings of the investigation will indicate about their lapses. The Interfaith Coalition for Corporate Responsibility has no also officially responded to the Attorney General's investigation, noting "Over the years, ExxonMobil management has chosen to largely ignore investor warnings, its focus remaining fixed on pushing the limits of production and profits for as long as it is able, to the detriment of the long-term sustainability of the company and the planet."

We issue this petition in the hope that ExxonMobil will at long last heed the calls of its shareholders and the general public to constructively support solutions to the crisis of climate change, starting by supporting the Paris Climate Negotiations and signaling support for a 2°C future. As the petition notes, this is but the first step on a new path of corporate responsibility.

 
Faith-Based Investors Call on ExxonMobil to Acknowledge Moral Imperative of Climate Action

Faith-based investors, led by the Sisters of St. Dominic of Caldwell, NJ and other members of the Tri-State Coalition for Responsible Investment, filed a shareholder resolution with ExxonMobil on Thursday, October 22 entitled "Acknowledge Moral Imperative to Limit Global Warming to 2°C." This resolution builds on the growing understanding of what the impacts of climate change will be on the world’s poor and future generations, as well as creation, and calls on the company to acknowledge the need to mitigate unabated warming. Filers will be submitting their materials to the company in the coming weeks, and we anticipate that over 20 investors representing interfaith institutional investors and other investors will join this filing, which is rooted in the common recognition by the world's faith communities of "the cry of the earth and the cry of the poor."

This resolution builds on the momentum around the moral imperative to address climate change, from the Pope’s Encyclical, Laudato Si’: On Care for Our Common Home and many other faith statements on climate change, as well as the public sentiment that there is a moral imperative to act on climate change. In anticipation of COP21, we need companies demonstrating leadership and making bold statements and take action. The resolution focuses on the goal of limiting global warming to 2°C above pre-industrial levels because it is believed that warming beyond this level could cause the worst impacts of climate change. As the resolution notes, the world's governments have agreed to work towards this goal since 2010. Warming beyond this level could trigger tipping points that produce irreversible warming and severe impacts.

Faith-based investors file this resolution one month ahead of the COP21 climate negotiations in Paris, which are expected to produce the first international climate agreement in which all nations commit to greenhouse gas emissions reductions. In support of the negotiations, ten of ExxonMobil's peers in the oil and gas industry, including Saudi Aramco, Total, Shell, Pemex, and BP, have already issued a statement calling for "clear stable policy frameworks that are consistent with a 2°C future." All the while, ExxonMobil has remained silent, which not only presents reputational risk, but demonstrates that ExxonMobil may not be prepared for a low-carbon transition.

Now more than ever, as ExxonMobil faces increased scrutiny for its role in funding campaigns of climate denial and misinformation, we urge the company to use its voice to support the goal of limiting warming to 2°C and support a strong outcome from the Paris negotiations.


Full text of the Resolution available here

Selected Faith Statements on Climate Change:

 
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