Celebrating 50 Years

SGI began in 1973 when our founders, Fr. Michael Crosby, O.F.M, Cap., Sr. Alphonsa Puls S.S.S.F., and Sr. Charlita Foxhoven, S.S.S.F developed principles to align the stewardship of their financial assets with Catholic Social Teaching. Now, 50 years later, SGI has grown to more than 30 member organizations and members currently engage over 60 companies, leading and participating in over 100 different engagements on issues ranging from climate change, corporate governance, food sustainability, water stewardship, health equity, and human rights.

We are excited to celebrate the work done by those before us and aim to steward the work now entrusted to us. With this, we have revamped the SGI logo to better reflect our name, the circularity of nature, and the evolution of being a catalyst for change. 

In 2015, our coalition’s name changed to Seventh Generation Interfaith Coalition for Responsible Investment. The name, Seventh Generation, is derived from the Great Law of the Iroquois to reflect the Native Americans’ love of Mother Earth and all creation. The Iroquois leaders considered the impact of their decisions on the current generation as well as for seven generations into the future. The Constitution of the Iroquois Nation contains the Great Binding Law:

In all of your deliberations in the Confederate Council, in your efforts at law making, in all your official acts, self-interest shall be cast into oblivion. Cast not over your shoulder behind you the warnings of the nephews and nieces should they chide you for any error or wrong you may do, but return to the way of the Great Law which is just and right. Look and listen for the welfare of the whole people and have always in view not only the present but also the coming generations, even those whose faces are yet beneath the surface of the ground – the unborn of the future Nation. 

Given the proud history and presence of Native Americans in our Midwestern region and their love of Mother Earth and all creation, we felt this name spoke to our Mission.

Historically Catholic, Interfaith was added to welcome institutions of all faith traditions and secular values-driven investors to be more inclusive and collaborative. By intentionally reaching out and creating opportunities for partnership, we strengthen our Mission to collectively build  just and right relationships in our community.

As SGI is celebrating its 50th anniversary, we celebrate the origin of our name which is at the heart of our Mission. Given our primarily Catholic membership, we acknowledge the deep rooted injustices which the Catholic Church and many Catholic orders have inflicted upon Indigenous peoples. We acknowledge, in Milwaukee, that we are on traditional Potawatomi, Ho-Chunk, and Menomonie homeland, and the people of Wisconsin’s sovereign Anishinaabe, Ho-Chunk, Menominee, Oneida, and Mohican nations remain present. There is much more work to do to repair relationships and give back what was unjustly taken. We recommit ourselves to our work and Mission:

Through the lens of faith and the promotion of human rights, Seventh Generation Interfaith Coalition for Responsible Investment builds a more just and sustainable world for those most vulnerable by integrating social and environmental values into corporate and investor actions.

Please join us in celebrating, now, throughout the year, and  especially on September 12th, 2023 at our annual conference.

Keynote Remarks: Corporate Human Rights Due Diligence in Conflict-Affected and High-Risk Areas

By Bennett Freeman

Keynote remarks from the Seventh Generation Interfaith Coalition for Responsible Investment 2022 Conference (October 11, 2022) at Fox Point Lutheran Church in Fox Point, Wisconsin

Thanks to Chris Cox and Frank Sherman for inviting me to address the 2022 SGI Conference. I am delighted to be followed by a panel of four colleagues and friends who are leaders in this field: Pat Zerega, Anita Dorett, Shari Gittleman, and Sam Jones.

Seventh Generation Interfaith’s mission and work—and your faith-based commitment to human rights—is more important and urgent than ever: at a time when the peace of the world has been disrupted by naked aggression and the values of the international community are under attack; at a time when our nation’s democracy has come under assault and our commitment to racial and social justice remains unfulfilled; at a time when even decades of progress in socially and environmentally responsible investment is now not only questioned by skeptics but also confronted by the forces of reaction.

It is a cliché to observe that amidst crisis there is opportunity. But now is such a time of opportunity if we apply our powers of reason to the challenges at hand—and if we keep the faith in our collective mission and work.

Let me describe the broader global context of our theme of corporate human rights in conflict-affected and high-risk areas in ways that I hope will give texture to the challenges we face and help frame the panel discussion. I will focus on challenges facing multinational corporations from both my former responsible investor perspective and broader international relations experience.

Two parallel sets of pressures and expectations, tensions and conflicts, have intensified, converged and in turn challenged multinational corporations:

First, ESG pressures and expectations:

  • Pressures and expectations are mounting from a range of stakeholders, especially institutional investors and employees as well as civil society and local communities.
  • The historic events of the last two and a half years have sharpened the focus on “S” issues—inequality and racial injustice, labor and human rights—even as the climate crisis intensifies.
  • Companies to take stands on controversial social, even political issues (especially not exclusively in the U.S.) as political polarization intensifies.
  • A backlash has gained momentum this year (again especially but not exclusively in the U.S.)  focused both on ESG investing and “woke capitalism” with decades of progress now on the line.

Second, Geopolitical tensions and conflicts:

  • Major democracies have faced challenges of legitimacy and efficacy as some have shown illiberal tendencies that threaten constitutional democracy and undermine civil society/civic space as well as “peace, justice and strong institutions” (in the words of SDG 16) both within and among states.
  • Major autocracies have acted with greater impunity as the major democracies became distracted and the international community has at times faced paralysis, both reflecting and reinforcing the degradation of human rights standards, norms and institutions.
  • China’s mass incarceration, forced labor, invasive surveillance, religious and cultural desecration of Muslim minorities in Xinjiang has been so severe and systematic that the UN High Commissioner for Human Rights concluded last month “crimes against humanity” may have been committed.
  • Russia’s invasion of Ukraine violated the principle of not using force to alter national borders and in the ensuing carnage has killed thousands of civilians, committed war crimes and at the same time has not only destroyed much of Ukraine’s infrastructure but also disrupted the global economy.

What is new is not only the parallel, concurrent intensification of both ESG pressures and expectations, geopolitical tensions and conflicts but also the convergence of these pressures and expectations, tensions and conflicts.

This convergence has forced many multinational corporations and institutional investors to weigh tough trade-offs, make hard choices and take public stand in these four situations:

  • U.S. democratic stability and legitimacy—unprecedented intervention by Corporate America/Wall Street before and after the November 2020 presidential election to support a peaceful transfer of power followed by condemnation of the January 6 insurrection and support for voting rights.
  • But dilemmas: taking what may appear to be partisan stands; acting to stem systemic risk for the U.S. economy and global financial system; accepting responsibility to protect American democracy as a cornerstone of the international rules-based order.
  • China/Xinjiang—unprecedented decoupling from Xinjiang cotton suppliers by western apparel brands, now required of U.S. companies and those exporting into the U.S. market by the UFLPA.
  • But dilemmas: willing to make statements as well as take actions; responsibility for employee security in China; balancing commercial interests and ethical values, profits and principles in the world’s largest economy/consumer market.
  • Russia/Ukraine—unprecedented exit of western companies (not just those subject to sectoral sanctions by home country governments) from Russia almost immediately following the invasion.
  • But dilemmas: few companies willing to offer explicit principled, human rights-related rationales for exits; determination of a potential basis to reenter a post-conflict Russia; precedent for other potential situations and scenarios, especially involving China (and a possible attack on Taiwan)
  • Burma/Myanmar—unprecedented brutality by the military dictatorship over the last 20 months since the coup in early February last year followed by the exit of some major multinationals that established operations with the lifting of sanctions and the transition to democracy a decade ago
  • But dilemmas: stay or go; balancing a disinclination to enable the regime through revenue or resources with a commitment to local employees and stakeholders; weighing the elements of “responsible exit” that respect human rights/humanitarian considerations and consequences.

The trade-offs weighed, choices made and stands taken are not easy for multinationals and investors. They all present dilemmas—commercial and political—that challenge roles and responsibilities of companies and investors. Some of these dilemmas result in zero-sum—not win-win—outcomes that may divide companies’ shareholders and stakeholders, home and host governments.

At stake for multinational corporations and institutional investors is no less than the continuity and efficacy of the rules-based international order on which they fundamentally depend, even if not always acknowledged and embraced. Individual companies and entire industries share a stake in defending and supporting this order at a time when its stability and even legitimacy face severe challenges—and with the global economy and the international community under severe stress.

Human Rights Due Diligence:

I have identified and described these two parallel, converging sets of factors and forces facing multinational corporations: ESG pressures and expectations; geopolitical tensions and conflicts.

Human rights due diligence (HRDD) sits precisely at this convergence of ESG and geopolitical issues. HRDD is an analytical framework and operational approach that has gained traction and momentum over the years, especially in recent months:

  • HRDD’s foundations and precedents—including in conflict and high-risk settings— extend back over two decades to the Voluntary Principles on Security and Human Rights (2000) and the first-ever HRIA commissioned by any company in any industry by BP for the Tangguh LNG project (2002).
  • HRDD was consolidated and elevated during the two Ruggie mandates (2005-08 and 2008-11), culminating in the Guiding Principles on Business and Human Rights (UNGPs) and have ever since become the driving force in the field and emerging priority for ESG investors.

Plus, significant work has been spurred by the Russian invasion of Ukraine and undertaken by:

  • Business and Hunan Rights Resource Centre (BHRRC) published in the early weeks of the war two timely and useful papers: Advancing business respect for human rights in conflict-affected areas through the UNGPOs; Why conflict must be included in mandatory due diligence laws. The Resource Centre also actively tracks the decisions and actions of international companies to exit Russia whether fully, incompletely or not at all.
  • The Investor Alliance for Human Rights (IAHR) has highlighted conflict risk tools to manage related investment and human rights risks and plays an active role in the new Business for Ukraine (B4U) Coalition together with the Heartland Initiative.
  • The Heartland Initiative has emerged over the last half dozen years as the most visible and influential voice and force in mobilizing responsible investors to address human rights in conflict zones. It is also a co-founder and critical driver of the new Business for Ukraine (B4U) Coalition since its inception early this spring and formal launch in mid-summer.
  • Business for Ukraine (B4Ukraine) called in its Declaration for the foreign companies that have exited Russia to remain out until the conflict is resolved on terms acceptable to an independent, sovereign, democratic Ukraine—and called on companies still partly or fully operating in Russia to leave completely. The Declaration also pointedly called on companies claiming that they remain in Russia to deliver “essential services” to undertake and disclose HRDD to try to justify their stance up against a very high bar of expectation that they exit fully. Companies that have exited are also called on to undertake human rights due diligence to determine whether, when and in what form they may return to a post-conflict—or better a post-Putin—Russia.

Russia’s attack on Ukraine is giving fresh impetus to mandatory HRDD, which in turn is gaining traction and momentum through the EU and beyond. The current political and legislative outlook in the U.S. is conducive only to incremental issue-by-issue progress. Yet we have salvaged Dodd-Frank sections 1502 (conflict minerals) and 1504 (extractive revenue transparency), so there is a basis on which to build while the SEC in the meantime focuses productively on climate-focused disclosure.

Yet HRDD is a stepping-stone to a broader sensibility that should inform our engagement with multinational corporations and large institutional investors alike. The Russia-Ukraine war should encourage a fusion of what they have already known and done for decades—political and geopolitical risk analysis— with the human HRDD that they know and do far less. In my experience working with multinational corporations and institutional investors, I have learned that progress can be made at a pivot point that lies part or mid-way between where they are and where we want them to be. The convergence of political and geopolitical risk analysis with HRDD strikes me as such a pivot point.

Russia’s attack on Ukraine is also giving impetus to a new notion that an even greater responsibility is at stake. The B4U Declaration hit it on the head: “Russia’s attack on Ukraine is an attack on the rules-based international order” on which both the global economy and the international community depend. Multinational corporations have been among the greatest beneficiaries of that international rule-based order over the last three-quarters of a century since its creation amidst the ashes of WWII. Yet at times they appear to take its existence for granted when their trade and investment, innovation and entrepreneurship, markets and customers, all depend on its continuity and vitality. That was at times apparent in the U.S. during the previous Administration when the occupant of the Oval Office appeared neither to understand nor to accept the international community nor many rules of any kind.

I believe that the time has come for companies and investors to explicitly support and defend not only democracy here at home but also the international rules-based order aboard. Support for the rules, norms and institutions of American democracy and support for the rules, norms and institutions of the international community are—pardon the cliché—two sides of the same coin that are indeed necessarily complementary and mutually-reinforcing.

Indeed, support for the international rules-based order may point to a new geopolitical corporate responsibility. While indeed idealistic, it can be activated as a pragmatic agenda that can help multinational corporations and institutional investors address the dilemmas inherent in this convergence of intensified ESG pressures and tensions with geopolitical tensions and conflicts.

Companies and investors can and should:

  • Avoid situations where they cause, contribute or are directly linked to human rights abuses through the UNGPs and heightened human rights due diligence (HRDD)
  • Advocate for the “shared space” of the rule of law, accountable governance and civic freedoms.
  • Demonstrate a sustained commitment to enhance equity, transparency and accountability.
  • Diminish inequality by tackling poverty and ensuring sustainability by arresting the climate crisis.

The elements of this agenda are not entirely or even mostly new, having emerged over the last decade. But while embraced to varying extents by leading companies, none are implemented with the priority and urgency necessary to address the global problems and opportunities that underly them. Moving this agenda forward could bring incremental progress element by element, but transformational progress if moved forward with that priority and urgency.

Yet this rules-based order has faced its own contradictions as some of its original architects and longstanding champions (including the U.S. and UK) have been among those states which have transgressed the sovereignty of others without full support of the international community through the UN (as with the 2003 invasion of Iraq). Moreover, the international rules-based order is perceived by many in the Global South as inherently western despite its universal aspirations and applications.

Finally—to add a further complication and intensification of the dilemmas that multinationals face—the ESG agenda has come under challenge, even attack, especially in recent months in the U.S. The debate extends from the methodological and technical aspects of ESG metrics and investing to the ideological and indeed political underpinnings of the entire corporate responsibility, accountability and sustainability agenda as it has evolved over the last two decades.

The ESG agenda is now on the defensive exactly at a time when we must be on the offensive to meet both the crises and opportunities we face. Let me briefly describe the two distinct prongs that have converged to put the ESG agenda on trial:

The challenge: methodological and technical; valid issues that are critical to acknowledge and address.

  • Data consistency and comparability must be improved; metrics must be clarified, and standards must be aligned; corporate green-washing, blue-washing and white-washing must be exposed and expunged; portfolio construction and fund names must be subjected to the same degree of transparency and accountability as their holdings.
  • We must fix these problems and if we do not rise to this challenge, we will lose the credibility and legitimacy to withstand the more fundamental attack that is the real agenda for some of the ESG critics who are less interested in methodology and more interested in ideology.

The attack: ideological and political; fundamental differences that are essential to counter even if they cannot be entirely reconciled.

  • The attack is not only on ESG investing but also on “woke capitalism”—the distorted, pejorative epithet applied to the agenda that has moved forward—incompletely but progressively—over those last two decades. The attackers would take us back half a century to Milton Friedman who infamously but influentially asserted that “there is one and only one social responsibility of business—to use its resources and engage in activities designed to increase its profits.”   Half a century may be an understatement; even Milton Friedman accepted the need for basic regulation of business. The attack on ESG—as distinct from the challenge to how ESG is defined and implemented—would take us back to a crude world of markets over people, of private interests over public values, of unfettered capitalism over accountable democracy.
  • We must see the attack for what it is and the stakes for what they are: the role of responsible business and investment in shaping the kind of society and economy, country and world, that we want and that we work so hard to create.

As we undertake human rights risk assessment and due diligence—especially in conflict-affected and high-risk areas—let us do our research and analysis with probity and consistency. But let us not forget that our business is not just minimizing risk to companies and industries, to portfolios and fiduciaries. Let us remember that our business is protecting and promoting rights, saving and lifting lives.

Let me end with my favorite line in the quarter century history of the contemporary business and human rights field. The late great Sir Geoffrey Chandler, former Shell executive and then founder of the Amnesty International UK Business and Human Rights Group, made the business case for human rights more persuasively than anyone in the Nineties. But he was fond of saying “to hell with the business case, it’s about doing the right thing.”  Sir Geoffrey was right then and he remains right now.

Keep the faith and thank you.

A PDF of these remarks is available here. Full coverage of the conference is available here, including video from the conference.

Thanks for joining us for the 2022 Conference

On October 11, 2022 Seventh Generation Interfaith Coalition for Responsible Investment (SGI-CRI) held its annual conference at Fox Point Lutheran Church, as well as with an option to attend virtually.

Good stewardship requires posing and answering difficult questions, especially concerning business activities in conflict-affected and high-risk areas where the risks are highest to people and planet and portfolios. The World Bank estimates that two-thirds of the world’s poor will live in such areas by 2030, while Russia’s invasion of Ukraine, the military coup in Myanmar, and forced labor in the XUAR of China make this an urgent and compelling topic now. It is up to investors and companies to respond to these systemic risks with systemic solutions, putting conflict-sensitive policies and practices into place. With our guests, we delved into those issues.

This year’s theme was Corporate Human Rights Due Diligence in Conflict-Affected and High-Risk Areas. Business and human rights leader Bennett Freeman opened the event with a keynote speech followed by an expert panel discussion. Chris Cox, our associate director, moderated the panel with:

A video of the full conference can be found here. The event program can be found here.

As well, Frank Sherman received the Fr. Mike Crosby Award at the conference reception.

SGI is very grateful to all of our sponsors of this year’s conference.

Frank Sherman to receive SGI’s 2022 Fr. Mike Crosby Award

The Board of Seventh Generation Interfaith coalition is pleased to announce that Frank Sherman, the executive director of SGI, has been selected to receive the 2022 Fr. Mike Crosby Award. The award will be presented in a reception at the SGI conference on October 11. The Fr. Mike Crosby Award recognizes a person who has promoted a more just and sustainable world and exemplifies the passion and commitment of our founder, Michael Crosby, O.F.M., Cap.

“We are so happy to honor Frank Sherman,” said SGI Board Chair Cindy Bohlen. “Several board members came forward to nominate Frank to receive this year’s award; once Dan Tretow’s final nomination was shared, Frank’s selection was unanimous. All who have had the privilege of working with Frank understand that he has been the person who has shepherded SGI toward fulfilling Fr. Mike Crosby’s vision. The award is the perfect way to cap off Frank’s role as the Executive Director.”

“I have had the privilege of working with Frank on multiple corporate engagements over the years, said Dan Tretow. “Everyone knows they are working with a wise, educated, pragmatic and sincere individual. And he does not work alone. In each engagement, he partners with experts from partner coalitions, ICCR program directors, Ceres and NGO’s that add credibility and strength to the conversation. He challenges the companies to do better, not for his own sake or for our coalition, but for all of society and the world.”

Frank’s background is unlike many others in our ministry; he sat on the other side of the table for 35 years. Before retiring from the corporate world at the end of 2012, Frank worked in the chemical industry, rising to serve as President of the American affiliate of AkzoNobel, a multinational paint and performance coating company. As part of his duties at AkzoNobel, he acted as a board member and, later, chair of a trade association.

While others in retirement might have hesitated, Frank made a wholehearted commitment to Fr. Mike when he was asked to help with some engagements focused on the risk of transport by rail and engagements concerning deforestation. Frank’s agreement to help resulted in his leadership in the process of creating a board of directors, re-naming SGI, and incorporating the organization. When Fr. Mike was diagnosed with cancer, Frank led the strategic planning process to envision how SGI might move from a founder-led organization to a member-led organization and was named executive director in July 2017. From the beginning, Frank has given his time freely to SGI, seeking no remuneration for his work.

Amid questions about the future of SGI following Fr. Mike’s untimely death, in his actions, Frank guaranteed growth from seeds that Fr. Mike planted.

During his tenure as the Executive Director of SGI, Frank has worked to fulfill SGI’s mission to build a more just and sustainable world for those most vulnerable by integrating social and environmental values into corporate and investor actions. Father Mike Crosby’s vision to use the shareholder voice toward a more just and sustainable world for those most vulnerable has been realized and continues to grow thanks in large part to the dedication of Frank Sherman.

Please join us in congratulating Frank.

SGI’s 2022 Conference: Corporate Human Rights Due Diligence in Conflict-Affected and High-Risk Areas

Good stewardship requires posing and answering difficult questions, especially concerning business activities in conflict-affected and high-risk areas where the risks are highest to people, the planet, and portfolios. The World Bank estimates that two-thirds of the world’s poor will live in such areas by 2030. Russia’s invasion of Ukraine, the military coup in Myanmar, and forced labor in XUAR, China make this an urgent and compelling topic now. It is up to investors and companies to respond to these risks with systemic solutions, putting conflict-sensitive policies and practices into place.

SGI’s 2022 Conference: Corporate Human Rights Due Diligence in Conflict-Affected and High-Risk Areas will take place on October 11th at 4:30PM CT. We are delighted to announce that our keynoter will be Bennett Freeman, Associate Fellow in the International Law at Chatham House.

Following our keynote, our associate director, Chris Cox, will moderate a panel with leading experts:

In the conference, we hope to explore these questions:

  • Do socially responsible investors need to respond to human rights issues in their portfolio? Can they just write a screen?
  • What human rights issues should a responsible investor respond to and how?
  • How would a responsible investor ask one of their money managers to do this?
  • What is heightened human rights due diligence for investors and companies? How does an investor or a company go about doing it?
  • How do investors and companies assess human rights and geopolitical risks of emerging markets, informed by the UN Guiding Principles on Business and Human Rights (UNGPs)?
  • How can investors and companies respond to state-sponsored actions that undermine the rules-based order necessary to safeguard the international community and the global economy?
  • With 500 companies withdrawing operations from Russia, has a new standard been set for corporate responsibility and a stakeholder economy?

Conducting heightened due diligence helps companies and investors to identify and mitigate human rights risks, while simultaneously addressing the potential material risks – legal, operational, and financial – associated with areas impacted by conflict. Join us for a conversation on the difficult questions investors must ask of their portfolio companies and themselves when seeking to be rights-respecting stewards in an increasingly conflicted world.

Individual tickets for in-person attendance are $75 per person, and individual tickets for virtual participations are available at $50 per person. You can purchase individual tickets for the Conference here. The conference will be hosted at Fox Point Lutheran Church, located at 7510 N Santa Monica Blvd. in Fox Point, WI, 53217.

More information about the Conference can be found here.

Resilience: Building A Just and Equitable Economy for All – A Virtual Conference

The world looks different today than it did ten years ago, than it did five years ago, and even different than it looked just last year. Like many conferences, we were forced to move our 2020 conference to a virtual format as we dealt with the effects of the pandemic. This year is no different.

We are still grappling with the “new normal” and the remnants of an out of date structure which put those who are most vulnerable, last. COVID-19 surfaced other issues that, while crucial, have previously been neglected. The exacerbation of economic and racial inequities demonstrated and accentuated the fragility of our systems, structures, and policies. The pandemic shifted the narrative around “non-essential” employees and raised awareness of the critical importance of frontline workers, such as: grocery clerks, meat processing and farmworkers, delivery drivers, and many more in maintaining business operations and in ensuring the functioning of our global economic system. Many of these workers are women and people of color and this public health crisis has demonstrated their vulnerability and the disproportionate economic and health impacts they experience.

In one week, on October 12, 2021, Seventh Generation Interfaith Coalition for Responsible Investment (SGI-CRI) will hold its annual conference, aptly titled Resilience: Building a Just & Equitable Economy for All, virtually, from 4:30 p.m. to 7:30 p.m.

As we begin the recovery process from the COVID-19 pandemic, we see a need and an opportunity to build a resilient society with systems and structures that are just and equitable for all. Our panel of company, investor, and labor representatives will offer their perspectives on how we can implement positive change from the learnings and challenges of 2020, dismantle systems that perpetuate gender and racial inequities, and build an economy that serves all people and ensures the dignity of all workers.

Our keynote address will be from Rev. Dr. Liz Theoharis, Co-Chair of the Poor People’s Campaign: A National Call for Moral Revival. Our panel, moderated by Caroline Boden of Mercy Investment Services, will include lively discussion with a diverse group of experts:   

If you are interested in attending, and haven’t previously registered, please do so here

The webinar link and information will be sent out prior to the conference date. We hope to see you there.

Just Transition to Clean Energy: A Virtual Conference

Seventh Generation’s 2020 Conference will look a little different than years past. 

Rather than a member meeting of networking, a panel of speakers on stage, and members, colleagues, educators, investors, advisors, and friends, we’re preparing for a virtual panel discussion, donning the style of a “Brady Bunch” title screen we all have been experiencing these past few months. 

The year, 2020, marks 50 years since the first Earth Day, and we are grappling with the effects of the climate crisis. At present, and in years past, SGI members urge utilities, among other companies, to publish decarbonization plans that meet Science-Based Targets (SBT) aiming to limit global warming to 1.5 degrees celsius. Without corporate action, this is seemingly impossible. Moving towards a low-carbon economy presents new challenges on technology and the workforce.  

This year’s annual conference: Just Transition to Clean Energy will take place virtually on October 12th, 2020. 

Joining us to take on the questions of “what is a Just Transition?,” and “what does it mean for energy providers, employees, consumers, and investors?,” are:

These expert panelists will bring a unique set of experiences and remarks, challenging each other, and us, on the path to achieving a Just Transition. A social issue as much as a technology, climate’s intersection with human work becomes more apparent in the energy sector as the push towards electrification grows. We are lucky to have this great panel lined up for this event, and we look forward to learning all we can from them! 

It would be hard to hold this conference and not mention the impacts of COVID-19 on all those affected. While we hope our virtual conference allows for the inclusion of those previously unable to attend, we hope all are staying safe and healthy amid this pandemic.

If you are interested in attending, and haven’t previously registered, please do so here.

The webinar link and information will be sent out via Eventbrite prior to the conference date. 

SGI Board presents 2019 Fr. Mike Crosby Award to Sr. Barbara Jennings, C.S.J.


The Board of Seventh Generation Interfaith coalition is pleased to announce that Sister Barbara Jennings of  the Sisters of St. Joseph of Carondelet has been selected to receive the 2019 Fr. Mike Crosby Award. The award will be presented at the SGI annual conference on October 8. The Fr. Mike Crosby Award recognizes a person who has promoted a more just and sustainable world and exemplifies the passion and commitment of our founder, Michael Crosby, O.F.M., Cap.

Sr. Barbara was born in St. Louis, educated at Fontbonne College with English for Secondary Degree. She entered the Sisters of St. Joseph of Carondelet in 1967. Barbara has taught high school in Waco, TX and Kansas City, MO. She has also facilitated Religious Studies classes on the University level at Avila and Fontbonne adult MBA students.

Since 2007, Sr. Barbara has been working at Midwest Coalition for Responsible Investment, monitoring the shareholder activity of MCRI members in various companies such as Ameren, American Outdoor Brands (Smith & Wesson), Boeing, Chevron, Conoco Phillips, Emerson, Johnson and Johnson, Monsanto, Merck, etc. She has served as Lead on Ameren, Boeing, and Monsanto/Bayer. She is active at ICCR on the Food and Water WG and the HR WG. She was Chair of the ICCR WG on Department of Defense companies. She served on the Board of ICCR for three years.

Barbara serves on the Board of Fontbonne University and Carondelet Community Betterment Federation, a neighborhood organization.

SGI 2019 Conference Will Make An Impact!

As fall begins to make an appearance, we start looking to the weeks and months ahead. While not everyone likes to leave the summer behind, fall brings the excitement of cool air, crisp leaves, spices wafting through the air, and the annual SGI conference, this year on Impact Investing: Social Return on Investment on October 7th.  This transition from summer into fall is the perfect time to evaluate the different impacts our institutions and we personally have on relationships, community, and society. How do we nurture what needs caring for? How do we help ourselves and others continue to grow and thrive? And, can our financial investments reap the same benefits while including this sense of intentionality?

We’re excited about the opportunity to listen to our keynote speaker, Seamus Finn, Missionary Oblate’s Director of Justice, Peace & Integrity of Creation and ICCR Board Chair, and our expert panelists, who I’m sure will bring their opinion on the change of seasons, but more importantly will share their unique experiences and stories on impact investing.

The Global Impact Investing Network (GIIN) defines Impact Investing as “investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.” Imagine a world where our investments have an impact outside of solely generating a profit, creating positive change. Amit Bouri of GIIN, in an article geared toward faith based investors, explains:

Simply put, impact investing is investing to achieve both a financial return and positive, measurable social or environmental impact. It differs both from traditional philanthropy, which aims for impact but is unconcerned with financial returns, and from other forms of values-driven investment which aim at the avoidance of harm, but not necessarily the creation of additional, measurable positive benefits.

GIIN’s 2019 survey found that the impact investing industry is diverse, including many types of institutions investing in all asset classes. It continues to grow and mature with over $500 billion invested assets. Over 90% of impact investors report that returns meet or exceed their expectations. GIIN’s Impact Investing Guide provides an excellent background for our members.

We’re lucky to be welcoming George Hinton, Greg Lane, Salli Martyniak, and Ken Vander Weele to the panel, alongside moderator, Sr. Dorothy Pagosa to help us explore this topic. Our speakers and panelists will walk us through the purpose and focus of impact investing and all that it can hold. We’ll learn about their mission, motivations, takeaways, and advice in the growing market.

Born and raised in Milwaukee, George Hinton, CEO of the Social Development Commission (SDC) coordinates programs for Milwaukee County’s low-income residents. The SDC’s mission is to “empower people with the resources to move beyond poverty,” which they have been doing since 1963. Greg Lane, CFO of the Missionary Sisters of the Sacred Heart, helps the sisters utilize their resources for the benefit of the common good. He has helped developed a mission-aligned impact investment portfolio and repurpose real estate according to need. Salli Martyniak, president of Forward Community Investments support “organizations, initiatives, and coalitions throughout Wisconsin.” They make it a priority to offer their loans and grants at an affordable cost to assist both the small and mid-sized projects and organizations. Co-founder and partner in Creation Investments Capital Management, Ken Vander Weele, will show us the global side of impact investing. Ken has worked in India, South-east Asia, Eastern Europe, and the United States investing in emerging market financial services companies that serve poor clients. His local and global work will show us the social return of impact investing around the planet. Finally, Sr. Dorothy Pagosa, Director for Social Justice for the Sisters of St. Joseph – Third Order of St. Francis and a member of SGI, will moderate the panel. Sr. Dorothy has first hand experience in identifying and managing impact investments in the midwest.

The event will be preceded by a member meeting and followed by a reception. We hope all of our members and friends will attend what is shaping up to be a very exciting conference.