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3iG was formally launched in April 2005, and its first secretary general, Joost Douma, took up his position in early 2006.
 
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History

3iG was formally launched in April 2005, and its first secretary general, Joost Douma, took up his position in early 2006.

Sikh celebration at launch of 3iG

Sikh celebration at launch of 3iG

   
The idea of the "International Interfaith Investment Group" was first suggested at a meeting in Katmandu of representatives of many faith traditions, when a challenge was issued to faith investors around the world to align their financial investments with their religious and ethical beliefs.

To that end, an interim steering committee was created comprised of represenatives of the Buddhist, Christian, Hindu, Islamic, Jain, Jewish, Muslim, Sikh and Zoroastrian faiths. Seeking a way for each faith to assess its portfolios with "due regard to the faith's beliefs, values, the envirnoment and human rights so that all life on Earth can benefit," the group created the term "faith-consistent investment" as a form of socially responsible investment (SRI).

An advisory group of investors from secular groups, including philanthropies, who found their values and ethics aligned with those of 3iG, became involved. Major banks such as Citigroup, Rabobank from the Netherlands, the World Bank, as well as agencies such as Innovest, WWF International, and economic think-tank bodies such as Medley Global Advisors were invited to assist the faiths in the development of 3iG. A real partnership between the religious and the secular was begun.

After nearly four years of prepatory work spearheaded by The Alliance of Religions and Conservation, today 3iG continues to promote investment that combines the potential for good return with beneficial social and environmental consequences.
3iG's interaction between religious worlds and the worlds of finance and the secular value systems and networks is an exciting new model of collaboration. As a resource center, marketplace of people, projects and ideas, and proactive brokerage, 3iG stands alone in bringing together people of faith for investment in a better world.
As it looks to the future, 3iG plans to make an impact by:

  • Helping faith investors to more effectively invest their assets in ways that are consistent with the values of the faith and that bring fiscally responsible returns. 3iG is thus building on and expanding the faiths' experience and determination for advancing a more just and environmentally friendly society.
  • Providing access to a wide range of advisory and investment services related to faith consistent investing.

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