Fair investing – Read More

A collection of white and yellow flowers

“Any approach to an integral ecology, which by definition does not exclude human beings, needs to take account of the value of labour” (Laudato Si’, 124).

“Developing the created world in a prudent way is the best way of caring for it, as this means that we ourselves become the instrument used by God to bring out the potential which he himself inscribed in things” (Laudato Si’, 124).

“We need to remember that men and women have “the capacity to improve their lot, to further their moral growth and to develop their spiritual endowments”. Work should be the setting for this rich personal growth, where many aspects of life enter into play: creativity, planning for the future, developing our talents, living out our values, relating to others, giving glory to God. It follows that, in the reality of today’s global society, it is essential that “we continue to prioritize the goal of access to steady employment for everyone”, no matter the limited interests of business and dubious economic reasoning.” (Laudato Si’, 127).

“We were created with a vocation to work. The goal should not be that technological progress increasingly replace human work, for this would be detrimental to humanity. Work is a necessity, part of the meaning of life on this earth, a path to growth, human development and personal fulfilment. Helping the poor financially must always be a provisional solution in the face of pressing needs. The broader objective should always be to allow them a dignified life through work. Yet the orientation of the economy has favoured a kind of technological progress in which the costs of production are reduced by laying off workers and replacing them with machines. This is yet another way in which we can end up working against ourselves. The loss of jobs also has a negative impact on the economy “through the progressive erosion of social capital: the network of relationships of trust, dependability, and respect for rules, all of which are indispensable for any form of civil coexistence”. In other words, “human costs always include economic costs, and economic dysfunctions always involve human costs”. To stop investing in people, in order to gain greater short-term financial gain, is bad business for society.” (Laudato Si’, 128).

“Business is a noble vocation, directed to producing wealth and improving our world. It can be a fruitful source of prosperity for the areas in which it operates, especially if it sees the creation of jobs as an essential part of its service to the common good.” (Laudato Si’, 129).

So if you are an investor, write to the companies you invest in and demand a fair wage for all in their supply chains, starting with those that work in the mines and fields of faraway lands.

Yellow and White flowers
Photo Credit: Alicja Pyszka-Franceschini