Socially Responsible Investing and the Rule of St. Benedict

By Cheryl Crozier Garcia.

Published by The Organization Collection

Format Price
Article: Print $US10.00
Article: Electronic $US5.00

Socially responsible investing (SRI) allows investors to make a profit while perpetrating social good. It requires investors to identify companies or mutual funds that agree with their beliefs, and choose the ones with adequate financial performance. SRI advocates a long-term perspective—investors are advised to choose their stocks and mutual funds carefully and invest for the long-term. Unlike other investment strategies, however, SRI expands the definition of long-term value to include the impact a particular investment vehicle has on the community at large in terms of social, economic, and environmental justice. The Rule of St. Benedict, written in the 6th century CE, also advocates ways of thinking and acting which support social, economic, and environmental justice, and adherents of the Rule have been basing investment decisions on its teachings for over 1,500 years. This paper attempts to develop a new conceptual role for the corporation, and uses Benedictine teachings to articulate a new way of thinking about socially responsible investing.

Keywords: Rule of St. Benedict, Socially Responsible Investing, Social Justice, Sustainability

International Journal of Knowledge, Culture and Change Management, Volume 10, Issue 5, pp.97-110. Article: Print (Spiral Bound). Article: Electronic (PDF File; 618.967KB).

Dr. Cheryl Crozier Garcia

Associate Professor, Human Resource Management, Hawaii Pacific University, Honolulu, HI, USA

Dr. Crozier Garcia has been a member of the Hawaii Pacific University faculty since 1990, and is currently an associate professor and program chair of the master’s program in Human Resource Management. In this capacity, she develops curriculum, recruits and mentors HRM faculty members, and represents the program on a number of university task forces and committees. Her research interests include workplace ethics, spirituality in the workplace, gender and leadership, and personal development. She is a Studium Scholar at St. Benedict’s Monastery, St. Joseph, Minnesota, and a recipient of the Monastic Studies Grant from the American Benedictine Academy. Dr. Crozier Garcia volunteers for a wide variety of community organizations, and is a popular speaker and presenter at national and international conferences. She is a member of the board of directors of the Human Resources Certification Institute.

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