Many denominations and faith groups care about ethical investments, most often reflected in screening out unethical stocks from their portfolios. A new organization, the International Interfaith Investment Group, or 3ig, seeks to “fund and even create a world that reflects the values, beliefs and teachings of their faith,” said Victoria Finlay, spokesperson for the group.
Supported by the World Council of Churches, 3ig won’t be a fund. Rather, the 24 supporting organizations will seek partners to work on key issues, initially identified as forestry, water, micro-finance and labor dignity. For example, the Diocese of Vasteras in the Church of Sweden expects to be active in sustainable forestry worldwide because of its Swedish forest holdings.
3ig launched in Britain in April and will try to expand to include more than 24 faith groups.
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