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16 November 2006

Roderick Munsters, CIO of ABP, has joins the Advisory Board
Roderick Munsters, Chief Investment Officer of ABP, has joined  the Advisory Board of 3iG. ABP is one of the world's largest  pension funds, providing services for employers and employees  of the Dutch government and the educational sector.

  

The members of 3iG share with pension funds and foundations a long-term perspective on investments.  We are, therefore, committed to developing close relationships with large pension funds and greatly welcome Roderick's participation on the  Advisory Board of 3iG.

  

Roderick Munsters is an internationally renowned financial expert, who will assist the Board of Directors of 3iG and its Secretary General in their efforts to forge new global alliances and develop new products and services.

21 December 2005
Oikocredit hosts ecumenical seminar on church investments
The international development cooperative Oikocredit this month hosted an ecumenical seminar in the Netherlands on the ethical identity of church investments, concluding that existing networks like 3iG are the most efficient way of implementing necessary changes. At the Soesterberg meeting, financial experts from the ecumenical world agreed that transparency about church investment policies was critical. They also stated that there is a growing need to develop SRI guidelines for churches of all denominations across the globe.

"Faith and economy can never be separated from each other. Transparency is an expression of trust, honesty, responsibility and accountability," said Christoph Stückelberger, Director Institute for Theology and Ethics, Zürich, Switzerland. "If pension funds disclose their policies, should one not expect churches to do it?" asked Ben Simmes, Oikocredit Director Membership and Investments. In a press release from Oikocredit it was concluded that changes should be implemented via existing networks like ICCR and 3iG instead of establishing new structures. Oikocredit is one of the founding members of 3iG.

19 December 2005
3iG members to meet in Rome
The next board meeting for 3iG will take place in Rome, from March 28-30. The delegates will be guests of the Missionary Oblates of Mary Immaculate, and in the spirit of 3iG they will also be spending part of the meeting as guests of other faith groups in Rome. A full schedule and further details will be posted on this website later.

7 October 2005
3iG members offered big discount on major ethical investment conference
All of 3iG's faith and foundation members have been offered a substantial discount on the cost of attending a major conference on ethical investment being held in Frankfurt from November 2-4.

The Triple Bottom Line Investing (TBLI) conference is offering 3iG's Faith and Foundation members enrolment for half the usual price - ie 647.50 Euros for the three days instead of E1295, or E297.50 instead of E595 for one day.

For the full programme, including a workshop on the subjects of faith and investing on November 3, go to the TBLI website. To book online go to http://www.tbli.org/buynow.html. And for your 3iG discount contact Robert Rubinstein on +31 2 042 86752 email: robert@tbli.org

19 April 2005
3iG launches with 27 founder members and partners
Twenty-seven organizations representing members of seven world religions and an array of banks, philanthropies and SRI organizations, became the founding members of 3iG.   Full story>>

24 June 2004
3iG to be launched in April 2005
The International Interfaith Investment Group (3iG), will be launched as an independent organisation at a conference to take place in April 2005, it was agreed at a meeting in London this week.

This builds from a meeting in Istanbul in October 2003 hosted by His All Holiness Bartholomeos, the Ecumenical Patriarch of Constantinople, when faith representatives put the finishing touches to plans for launching 3iG.

The Interim Steering Group includes representatives of Buddhist, Christian, Hindu, Islamic, Jain, Jewish, Muslim, Sikh and Zoroastrian investment and development funds as well as observers from the World Bank, Citigroup, Rabobank and several major foundations from the US and Europe. It has held regular meetings over the past three years to prepare the groundwork for the launch of 3iG.

Details of the event will be circulated soon.

19 June 2004
Church of Sweden to invest in sustainable forests in Mozambique
Photo of African NurseryMozambique government representative Dr Elias Sotomane holds a box made of FSC certified wood from 5 continents and containing a fragment of the Basilica. The box, blessed by the Pope, has been used around the world to symbolise of the alliance between religions and conservation.

The Church of Sweden is launching a major new forestry investment project in Mozambique. The Diocese of Västerås has already committed US$1.3 million to the commercial ventures of the innovative Global Solidarity Fund (GSF) in Mozambique.

Over the next 20 years (GSF) plans to reforest and responsibly manage 46,000 hectares in the Niassa province in Northern Mozambique – as well as a further 45,000 hectares, which will be set up as a conservation area.

The project is a joint venture between the Diocese of Västerås (Church of Sweden) and its twin Diocese of Niassa (Church of the Province of South Africa) in Mozambique, supported by the Alliance of Religions and Conservation (ARC), the Government of Mozambique, the Swedish International Development Agency SIDA, and the Ford Foundation.

An estimated US $32 million is required in investment capital for the first ten years. A five per cent annual return will be expected after year five, expanding to 20 per cent after year 18, when mature teak and eucalyptus wood will begin to be available.  
Find out more>>

24 October 2003


The Interim Steering Group
3iG steering group as guests of His All Holiness Bartholomeos, the Ecumenical Patriarch of Constantinople

Religions should teach about money too: Patriarch urges
The Ecumenical Patriarch urges us all to use all our resources as forces for good... and that includes our money: "After all we are stewards too, of our financial resources."   Full story>>

17 October 2003
International Interfaith Investment in Istanbul
Investors from eight religions will meet in Istanbul next week to give new meaning to the term "good investment".   Full story>>

25 November 2002
Religions to challenge the definition of "good" investments
At a unique meeting held in New York, representatives of 22 major international religious funds agree to move towards creating an organisation to mobilise a proportion of the enormous financial resources of some of the major faiths, in a way that is consistent with their core values.  Full story>>

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