"The penalty good men pay for indifference to public affairs is to be ruled by evil men." attributed to Plato

"Bad men need nothing more to compass their ends, than that good men should look on and do nothing." attributed to Edmund Burke

Let's between us make the world a better place.




Showing posts with label ethical trading. Show all posts
Showing posts with label ethical trading. Show all posts

Friday, 9 November 2012

So should we give up hope?


So many people feel daunted and depressed when they read about the seemingly intractable issues facing our world around Climate Change, water shortages, food shortages etc. This is sad, because I'm sure that most of us are already doing our own things even if only in a small way, trying to change our eating and spending habits for example, recycling where we can, etc. etc. And every little action helps and we should all congratulate ourselves for those. But what if we all tried to change our behaviors in just one more small way - we could all start Ripples of Hope for a better world!

I think it is really a case of finding what appeals to each one of us - we all have different skills, all have things we couldn't possibly do. That doesn't matter. I can think and I can write (at least I think so!) but I'm not hot on the organizing side - some people are quite the opposite - don't ask me to organize a coffee morning or a play group - some would relish it!! 

So rather than focusing on the big picture issues of climate change, population growth, energy and water depletion, all a bit daunting and depressing to some, let's look at other simpler yet powerful ways to do our little bit to help and the simplest thing we can all do is to connect more closely with the food we eat, the choices we make about our life-styles, and the realities of materialism and consumerism and its consequences. Here are a few links to follow up:

The concept of the Transition Town started in the UK in Totnes, but it is now worldwide and gaining significant ground in the US. But this can seem too big and daunting for some, especially if there is no action going on local to your home.

So there is Incredible Edible, which has specifically identified food as a simple yet effective way of contributing to a better world. It started again in the UK, and I am not sure if it has reached the US yet, but on its well developed website it gives lots of ideas and inspiration and encouragement relevant to anyone who has the concern of the world at heart, wherever you live.
For example how about having a meat free day each week? This is something all the non veggies could do once a week - a good start!! - and there's loads of other items and blogs on the site full of ideas for us all.

We vote three times a day when we decide what we eat! Organic? Local? Meat? fair trade? (in sense of ethical trading, not necessarily FairTrade).
You could try the fairtradeusa (every purchase matters) site for a start.

Then for those affiliated to any church or other place of worship are you only using fairly traded tea, coffee, biscuits, wine etc? I have just given a presentation to our own Parochial Church Council Meeting in our church to move this along, and I'm giving a training session in 3 weeks time to a local church group here on making ethical shopping decisions. 
Some Dioceses have already declared themselves FairTrade dioceses.

And there's EcoCongregation - sponsored by A Rocha, to encourage churches to lead by example by becoming "greener" and more eco friendly. Energy efficiency, and so on. Eco-congregation is a tool to help churches begin to address environmental issues in all that they do. It is suitable for all kinds of churches to use, and it has developed across the USA and the UK. 

So there really is plenty we can all get on and do in our own small ways: small things, one step at a time, and don't let yourself be depressed by the seemingly hopeless situation. It is not hopeless at all - but urgent yes!

Finally there are loads of sites on the Internet where if we don't think we can do anything else, we can at least sign petitions! Avaaz is a good place to start.

There you have it. Just a few ideas to start the ball rolling!
Please tell me of your own favorites.  

Monday, 28 November 2011

Ethical Investment

Many of us own company stock, some of us perhaps without even knowing it, or at least thinking about it, because it is out of sight in our pension funds (although the deep recession at the end of the first decade of the new millennium, and the turmoil on world financial markets, brought such funds sharply into focus for many). Businesses must now be more accountable for their green credentials. But what about those companies that still operate unethical work practices. Those holding pension funds delegate full powers of investment to the fund managers who will be motivated and driven by the need to maximize profits and growth for the funds in their charge. As major shareholders these funds have enormous powers and are not likely to consider the ethical views of the individual pensioners against the overall drive for growth. It may seem that the individual does not have a voice. But we can have our say; we can influence others. All it needs is knowledge and courage and the support of other like - minded people. It can be done. Have you ever questioned your pension fund managers on this?
Does the small shareholder really know or even care how the company operates as long as he receives his regular dividend income? Can he possibly understand the full implications of the company’s business, how it treats its employees, how it deals with its waste, how it invests its own money. So many shareholders make their investments motivated solely by profit, without any regard for the ethical considerations. This is no less true of buying shares than buying consumer goods.
The implications of all this are enormous. As individuals we may unwittingly be helping to fuel warfare, for example, by carelessly investing or allowing our pension funds or banks or investment funds or unit trusts to invest in any company involved along the way with the production of weapons.
I pray for there to be a shift in attitude. When I was in practice as a Chartered Accountant and Independent Financial Adviser I had a particular interest in ethical investment funds for my clients. One bank without my knowledge or consultation transferred the ethical funds of one of my most principled clients into its own funds, declaring in the process that they would never take ethical considerations into account in their investment choices, only investment performance. This was some time ago. I hope the bank has reviewed its policies. Individuals who would think of themselves as ethical and feel aghast at the mess we are in have had their conscience swayed by the profit promise in this way. Have you checked the ethics of your own bank? There is plenty of information now available to check this out. Do you care?
Even the employees of a company who individually may think of themselves as honest and decent can be remote from the realities of the company’s business and the adverse environmental or social effects it may be initiating in its drive to make profits.
Do you know what your employer really does? Not just at the superficial level of your daily employment, but at grass roots? Are you absolutely comfortable with the company’s trading practices, its markets and its environmental footprint? And if not, what are you doing about it?
Most important of all we need to bring the healing power of spiritual values back into the company and its boardrooms. In our businesses and economies we can choose between technologies that are ‘developed for…commercial profit...that disregard natural rhythms and human aspirations’ or we can adopt a technology that is ‘appropriate, benign and renewable and makes a small footprint on the Earth. Such technologies work in harmony with nature, rather than attempting to dominate or conquer her.’(1)

‘Whereas we,’ said Dr. Robert in Huxley’s Island, ‘have always chosen to adapt our economy and technology to human beings - not our human beings to somebody else’s economy and technology. We import what we can't make; but we make and import only what we can afford. And what we can afford is limited not merely by our supply of pounds and marks and dollars, but also primarily - primarily,’ he insisted, ‘by our wish to be happy, our ambition to become fully human.’ (2)

A healed economy will support a global justice for all: it will give us all equal opportunities that we may flourish and become fully human. Are we all doing what we can as individuals to contribute towards that healing?

Adapted from Healing this Wounded Earth © Eleanor Stoneham 2011


1. Canon Revd. Peter Challen, SLIM annual lecture 2005. A Ministry of Service in Economic Life – Servants, Pastors, Prophets and Fools - 60 years of servants seeking the economy that befits the Kin-dom of God, South London Industrial Mission annual lecture 2005 sourced 4 December 2005, but no longer available at site, http://www.industrialmission.org.uk/cms/
2. Aldous Huxley, Island, London: Grafton Books, 1976, p.164.

Wednesday, 25 May 2011

Glencore's appalling press coverage

The commodity trader Glencore, one of the most powerful global companies, has been in the news with its flotation on the London Stock Exchange, to raise funds for buying rival mining companies. But it “has received some appalling press coverage during the lead up to its listing …culminating in last week’s allegations in The Times that the CEO had failed to respond to ten African children who had written begging him to stop the pollution from a mine that was blighting their lives…On the day this was being reported around the world, Glencore was listing and Mr Glasenberg [the CEO] became an instant
billionaire with a personal fortune of almost £6billion.”

I am quoting Niamh O’Keeffe, founder of leadership consultancy CEOassist, who said the sensitivity and controversy surrounding Glencore’s industry made it more vital than in many other sectors for the chief executive to put in place a lasting legacy of good.
Read the full story at Director of Finance Online.

This raises the whole question of ethical investment. How many of us will be buying the shares hoping to make a quick profit, ignoring the plight of those children, and certainly many others, from the effects of Glencore’s polluting activities? Not only pollution seems to be at stake. There was a call for greater transparency of the company’s activities from a Christian Aid spokesperson on last night’s Channel 4 News, who was expressing concerns about Glencore’s activities.

But it isn’t only direct stock investments that are relevant here. Many of us own company stock, some of us perhaps without even knowing it, or at least thinking about it, because it is out of sight in our pension funds (although the deep recession at the end of the first decade of the new millennium, and the turmoil on world financial markets, brought such funds sharply into focus for many). Businesses must now be more accountable for their green credentials. But what about those companies that still operate unethical work practices. Those holding pension funds delegate full powers of investment to the fund managers who will be motivated and driven by the need to maximize profits and growth for the funds in their charge. As major shareholders these funds have enormous powers and are not likely to consider the ethical views of the individual pensioners against the overall drive for growth. It may seem that the individual does not have a voice. But we can have our say; we can influence others. All it needs is knowledge and courage and the support of other like - minded people. It can be done. Have you ever questioned your pension fund managers on this?
Does the small shareholder really know or even care how the company operates as long as he receives his regular dividend income? Can he possibly understand the full implications of the company’s business, how it treats its employees, how it deals with its waste, how it invests its own money. So many shareholders make their investments motivated solely by profit, without any regard for the ethical considerations. This is no less true of buying shares than buying consumer goods. And purchasers of the Glencore stock should be asking questions of the company.
The implications of all this are enormous. As individuals we may unwittingly be supporting the continuing suffering of communities near to a company’s activities (the Glencore example being a case in point.) Or we may be helping to fuel warfare, for example, by carelessly investing or allowing our pension funds or banks or investment funds or unit trusts to invest in any company involved along the way with the production of weapons.

I pray for there to be a shift in investment attitude, towards what is ethical, not what will make us the most money regardless of how that money is generated.

Thursday, 4 February 2010

A Fragile Economic Recovery

"When the last tree is cut, the last river poisoned, and the last fish dead, we will discover that we can't eat money..." (words on a Greenpeace banner)

 
I am reading Jim Wallis’ latest book, Rediscovering Values – On Wall Street, Main Street and Your Street (A Moral Compass for the New Economy) and I was reminded of an article I wrote back in 2008 – and thought it was worth repeating – a little updated.

Do let me have your views.

I wrote this as global stock markets were in turmoil, rocked by the credit crunch and the banking crisis. Whilst stock markets may be a little stabilized, the situation is still clearly fragile. And many still feel the recession gnawing at their financially precarious lives, whilst bankers yet again take huge bonuses. Isn’t more of the same sort of economy just going to get us in the same mess again later? Is this not another warning to us all about the non-sustainability of our economic policies as fuelled by our individual behaviour?
The predominant "free market" system of finance capitalism that operates in the world today is perhaps not what it seems. Many believe that it is seriously flawed. It relies on the creation of fiat money by the banks and a crippling compound interest loan system. It does not value the person, it is fuelled by profit motivation, and it ignores the ancient wisdom of the Old Testament land and debt laws at its peril. It contributes to the malaise of the world, both internationally and at local and national level, by fuelling injustices, increasing the rich/poor divide, failing to protect the environment and helping to destroy probably the most important contribution to trust and security and happiness once a basic standard of living has been achieved – sound personal relationships at family and community level. Strong words I know, and maybe controversial!


But pause and think. Would we as individuals eat everything in our own fridge and leave our elderly and young, our disabled and disadvantaged, all those living under our same roof, without any food and care? Of course not! But that is what we are doing. Because that is the reality of the world today. It is one global household, and we should behave accordingly.
We have to find ways to live more sustainable lives in a world where we can be sure that our good fortune is shared, where everyone has their basic human needs met, where both extremes of wealth and poverty become history.

We have lost our simple values, the art of love and respect and reverence for all living beings, animal and plant and human, the ability to understand ourselves as being part of a finely balanced world wide ecosystem, that together with the Earth we live on, we call Gaia. The economy of the world has to mimic the natural world and be totally cyclical and sustainable and environmentally sound. In nature everything is recycled – everything has a further use. Only if we behave with full understanding of our place within the living world, and build our economy accordingly – build it on principles of sustainability and justice for all – I believe that only then can we hope to heal this fractured world.


So what can we do?


We must support any initiatives that help people get back on their feet. We should support genuine Fair-trade, Traid-craft and other similar schemes wherever we can. We should curb our over consumption and wasteful behaviour, and use local charity shops, the Internet Freecycle facility and our recycling facilities wherever possible.


And we can and must fight to bring ethical trading in from the bottom up – enquire where our goods are produced and in what conditions - eschew all cheap goods where we know that unethical working practices are present. If the information is not available, demand it.

Be responsible shareholders, employees, employers and consumers. Many of us will own stocks and shares in some way, even perhaps without realising it in our pension funds. Some of these shares may well be in companies that operate unethical work practices, deal in weapons, or otherwise demonstrate behaviours that we would not support or condone in our own families. Look for ethical investments before profit motivation and ensure that any financial advisers know your views.
As Employees, Board Members, Non Executive Directors, Trustees, do we take a stand, perhaps against strong opposition, for that which we know to be right? Or do we allow practices to persist that we are uncomfortable with? Do we know what our employer really does – not just at the superficial level of our daily employment – but also at grass roots? Are we absolutely comfortable with its trading practices, its markets, its environmental footprint?
And if not, what are we doing about it?

It may often seem that the individual does not have a voice. But we can have our say – we can influence others – it needs knowledge and courage, and the support of other like-minded people.

And we should all give our support to any movements that are working towards a fairer, safer and happier world for all. Visit for example the website of The Global Justice Movement and support its aims. "Global justice grows from within. It starts with endogenous money and ends with peace."


Finally remember the parables of Jesus in Luke Chapter 12. Do not store up surplus for the future, do not worry about how you will be fed and clothed. In the words of the well-known hymn by Karen Lafferty, "Seek ye first the Kingdom of God and His righteousness and all these things shall be added unto you, allelu, aleluia." This is not saying that we should not work to feed and clothe ourselves, but it is warning us of the dangers of materialism and all that this implies in our world.


This really only scratches the surface of a huge topic – let's have your views.


Eleanor

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