|Investment not just a matter of financial
risk and reward © iStock
Many Christians in Ireland, either individually or as members of organisations, have long been campaigning for greater justice and transparency in economic and financial activity. During the ‘boom’ times they may well have felt like the biblical voice crying out in the wilderness; today, however, in the wake of successive financial scandals, discussion of ‘ethical finance’ has gained new momentum and immediacy.
Prior to the global financial crisis, if you were to ask people in Ireland what they understood by ethical finance, it is likely that most responses would have made reference to the need to protect vulnerable communities in the developing world. Now the devastating consequences of unethical financial practices have been experienced in a very real way much closer to home. As a result, we have seen rising public demand for radical reform aimed at ensuring that the financial sector serves the interests of society, and not the other way round.