Through the Eye of a Needle

February 26, 2011 at 6:50 PM Leave a comment

The Wall Street Journal‘s Deal Journal blog relays news of a UK Christian ecumenical group’s effort to lead the banking industry back to the straight and narrow:

A report out this week from the Ecumenical Council on Corporate Responsibility–a U.K. church investors’ group that advises on about £17.5 billion in assets–has a slew of recommendations for banks to follow if they want to “rebuild trust” with society.

The ECCR wants them to do a number of things–make finance more available to the poorest in society, be more public about their political lobbying and limit commodity trading where “it could cause social harm”, for example by pushing up the prices of food in the developing world.

They also urge the banks to reveal the highest and lowest salaries among their employees, then work toward lowering that gap. How hardly shall they that have riches enter into the kingdom of God!

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Entry filed under: Corporate Philanthropy & CSR.

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