- The General Council of the Sisters of St. Francis of Philadelphia establish the Investment Portfolio.
- The congregation joined PACRI (Philadelphia Area Coalition for Responsible Investment)/ICCR (Interfaith Center on Corporate Responsibility).
- The Sisters of St. Francis Committee for Responsible Investment was established.
- First shareholder resolutions filed with General Electric (GE) and AT&T on nuclear weapons production.
- Publicly divested in nuclear weapons contractors. Gave presentations on corporate responsibility throughout the congregation.
- First alternative investment made to Philadelphians Concerned About Housing.
- Completed divestment of South Africa stock. Boycotted Shell Oil, Texaco, and Mobil.
- Nestle and GE boycotted. Neumann College joined PACRI.
- Divested from tobacco companies.
- GE’s CEO, Jack Welch, helicoptered to Aston, Pennsylvania to attend a meeting about economic conversion.
- Restricted Investment List started.
- Restrictions lifted on investment in South Africa and GE boycott ends. Goal established for Community Development Investment is 2% of total portfolio.
- Corporate Social Responsibility Director featured in New York Timesin controversy spurred by a CEO’s very public objection to being called to include women and minorities as board members.
- The National Labor Committee presented Congress with a petition bearing 250,000 signatures to end child labor and sweatshop abuses—many Sisters of St. Francis of Philadelphia signed this petition.
- The Ceres Principles were endorsed by American Airlines; the MacBride Principles were endorsed by GE, Toys “R” Us, and other companies.
- The Sisters of St. Francis enabled a substantial breakthrough in Coca Cola’s approach to policy change.
- Our active advocacy efforts with the Tri-State Coalition led to the EPA signing the ROD (Record of Division), holding GE accountable for the cleanup of toxic waste in the Hudson River at a cost to GE of more than $500 million.
- As a result of many years of work with the tobacco issue, a Framework Convention on Tobacco Control (FCTC) by the World Health Organization (WHO) was adopted; 172 countries agreed to the adoption. This was the first global health treaty of any kind.
- Our Schering Plough resolution on Access and Affordability regarding healthcare was withdrawn. The company allocated $30,000 in grant money toward Hepatitis C in Newark, NJ, which has one of the highest Hepatitis C rates in the nation.
- The Sisters of St. Francis were very active in establishing more effective rating and monitoring systems for violent video games. We initiated a letter-writing campaign, wrote an article in the National Catholic Education Association (NCEA) magazine, and participated in many dialogues with retail companies.
- Revised goal for community development to 2-1/2% of total portfolio.
- The Sisters of St. Francis of Philadelphia filed a resolution with Textron requesting the board to establish a policy that separates the roles of Chairperson and CEO. The resolution passed with a vote of 51.4%.
- The 34th Annual General Meeting of ICCR was hosted by Our Lady of Angels Convent and the Franciscan Spiritual Center in June 2005. It was the first time an annual meeting was held in the Philadelphia region.
- The Sisters of St. Francis continued to play an active role in addressing violence in video games in 2006 by way of parent/teacher presentation, Senate hearings on the issue, communication with Media and the Family, the Federal Trade Commission, and The American Psychological Association.
- The Sisters of St. Francis of Philadelphia were the primary files of a resolution on diversity and violence in one of the Lockheed Martin’s workplaces. The resolution received an astounding 19.39% of the vote at the 2006 annual meeting. Lockheed Martin participated in a very effective dialogue.
- In 2007, the Sisters of St. Francis of Philadelphia received special commendation from ICCR for being one of the most active filers. The sisters filed or cofiled over 30 resolutions and participated in over 30 corporate dialogues.
- As active members of a Human Trafficking sub-committee of ICCR, the Sisters of St. Francis asked hotel chains, cruise lines, and airlines to adopt the ECPAT code preventing sexual exploitation of minors on company premises.
- The Sisters of St. Francis of Philadelphia joined IEHN (Investor Environmental Health Network), CHEJ (Center for Health, Environment and Justice) and other shareholders to address the issue of PVC (polyvinyl chloride) with many companies.
- The Sisters of St. Francis were the primary filers of resolutions onPredatory Credit Card Practices at Citigroup and colead with Domini Social Investments at Bank of America. The Citigroup resolution received a 26.41% vote and BoA a 33.38%. These actions enabled the passage of the Credit Cardholders’ Bill of Rights of 2010.
- Our letters written to Sunoco caused the company to change their policy on BPA, a controversial plastic chemical.
- Mercy Investment Services and the Sisters of St. Francis of Philadelphia filed a resolution with Delta Airlines on the Code Protecting Children known as the ECPAT Code. We withdrew the resolution when Delta agreed to sign the code. Delta made it official in March of 2011.
- We also filed a Pay Disparity resolution with Goldman Sachs that called for adherence to ethical and moral standards in the wake of inequity and justice for the worker. We visited communities in Western Pennsylvania to begin our advocacy on hydraulic fracturing.
- The Pay Disparity resolution of 2010 brought about international publicity on the issue and extensive coverage by The Guardian: http://www.guardian.co.uk/commentisfree/belief/2011/apr/14/boston-nuns-pensions; The New York Times: http://www.nytimes.com/2011/11/13/business/sisters-of-st-francis-the-quiet-shareholder-activists.html?pagewanted=all&_r=0;
- Our primary filing of the resolution, Risk Evaluation: Childhood Obesity, gave further motivation to McDonald’s in changing their Happy Meals for children.
- For a second year, we led the filing of a resolution with Chevron on the Community Impacts of hydraulic fracturing and received 27.90% of the vote. There were 23 other ICCR/IEHN cofilers. Chevron requested a meeting at Our Lady of Angels Convent (OLA) in December of 2012 and a more open dialogue has ensued.
- Hershey: Our participation in active dialogues led by Tri-State Coalition and Everence persuaded the company to produce one item (Bliss Chocolate) child labor free.
- Walgreens: We filed a resolution asking the company to form an ethics committee on the appropriateness of selling cigarettes in pharmacies. The resolution was withdrawn in favor of a dialogue which was hosted at OLA. The company promised a follow-up meeting in 2013.
- Chevron: Once again, we were the primary filer of a resolutionon Quantitative Risk Management Reporting for Shale Energy Operations that received a 30.20% of the vote. We had 27 ICCR/IEHN cofilers joining us in this issue of hydraulic fracturing. We have had responses from upper management and expect more quantitative reporting.
- Family Dollar: Another first at OLA was a meeting with Family Dollar on February 14, 2013. The company did an extended presentation on their corporate report. They were very receptive to addressing a human rights policy and agreed to journey with us as they become more transparent on a variety of issues.
- Hershey: The company announced its 21st Century Cocoa plan on a day that Tri-State Coalition, Everence, and the Sisters of St. Francis of Philadelphia were present for a shareholder meeting in Hershey.
- The Wells Fargo resolution on Payday Lending did not pass the SEC but our diligent work with the Center for Responsible Lending and 30 other ICCR members has drawn the attention of the regulatory agencies.
- The Sisters of St. Francis led a dialogue with CVS Caremark on the sale of tobacco products in their pharmacies. CVS removed all tobacco from its stores to better align its operations with its mission.
- Sr. Nora M. Nash was very surprised and humbled to receive the ICCR Legacy Award.
- The Sisters of St. Francis as primary filer joined other investors to declare success after Wells Fargo announced that it would drop its “Direct Deposit Advance” payday loan product. This was the result of three years of persistent dialogue, letter writing, and resolution filing.
- Along with the Congregation of Benedictine Sisters we filed a shareholder resolution, resulting in a dialogue with the McDonald’s Corporation. The company committed to no longer purchase chicken with antibiotics that are also used in human medicine. Read more.
- Green Money Journal: ICON Interview February 2015: Sr. Nora was the subject of one of the articles.
- Our 2015 fracking resolution with Chevron garnered 28.6% of the vote at the Annual General Meeting. The company has taken some steps to provide quantitative data on several serious community and environmental issues. We will file another resolution in 2016.
- On July 9th, 2015 the Wall Street Journal had an article entitled “Pope Francis Inspires Catholic Investors to Press Environmental Concerns.” Sr. Nora Nash was featured in the article.