2006
  No.11
ABOUT US

The Edmund Rice Business Ethics Initiative, launched in 1991, exists to promote a conversation between business and the community on values and ethics: promoting life humanly in our businesses, our communities, our planet. It aims to create a space where these issues can be discussed and researched in mutually supportive ways. It seems to promote better communication for the sake of better outcomes for us all.

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Ethical investment is growing up and out

Ethical investment is growing in Australia. The Ethical Investment Association released the results of a study in September which showed that Socially Responsible Investment (SRI) grew 56% in the 2006 financial year, or from $325 million to $11.98 billion since 2000.

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Anvil Hill: balancing burdens, benefits and principles
There are a number of ways that making ethical decisions become difficult and most of them deal with how to weigh up conflicting values and principles. The proposed Anvil Hill coal mine is a good example.

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Responsibility Reporting: getting better but still a way to go
Ethical decisions cannot be made without knowing the facts. Ethical behaviour cannot be promoted and supported without knowing the reality of the impacts of our actions. The ASX is already responding to the recent Joint Parliamentary Inquiry into Social Responsibility and more and more people want to know how we can deal with climate change.

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AWB: another failure of culture

The Cole report on the the Oil-for-food or the “wheat-for-weapons” scandal has returned to make so many of the points made by earlier inquiries into other scandals such as Enron, HIH and the foreign currency trading debacle at NAB. As a result of these and other scandals, we know a lot about how organisational culture can produce quite shocking behaviours from otherwise quite respectable people.
John Sweeney

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  Philippa Seagrave, Standards Australia
» Merry Christmas
··Ethical investment is growing up and out
··Anvil Hill: balancing burdens, benefits and principles
··Responsibility Reporting: getting better but still a way to go
··AWB: another failure of culture
This newsletter is a publication of the Edmund Rice Centre and the Trustees of the Christian Brothers. While all reasonable attempts have been taken to ensure that the information in this newsletter is correct and that opinions and points of view are in accordance with the purpose of the Business Ethics Initiative, the Edmund Rice Centre and the Trustees of the Christian Brothers do not guarantee its accuracy nor should anything contained in the newsletter be treated as professional advice. The Edmund Rice Centre and the Trustees of the Christian Brothers do not necessarily endorse or recommend any opinions, individuals or organisations which are linked to, or mentioned in, this newsletter.