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Global assault on AIDS pandemic

South and Southeast Asia

High-tech industry called to fight AIDS        Send a link to a friend

[JAN. 17, 2006]  NEW YORK -- At the end of November, faith-based investors announced their efforts as shareholders to work with seven high-technology companies heavily exposed to HIV/AIDS and tuberculosis through their operations, supply chains and customer base in South and Southeast Asia.

Shareholder HIV/AIDS activists connected to the Interfaith Center on Corporate Responsibility have successfully worked with companies such as Ford Motor Company and Coca-Cola to expand the response of companies in the automotive and beverage sector to HIV, tuberculosis and malaria. Now the investors are bringing their message to Dell, Hewlett-Packard, IBM, Intel, Lucent, Motorola and Texas Instruments.

The HIV/AIDS caucus of the Interfaith Center on Corporate Responsibility represents a broad cross-section of institutional investors. Roman Catholic religious orders, Protestant denominations, faith-based pension funds and major health care providers are joining mutual funds, professional money managers and organized labor in the effort. Members of the Interfaith Center on Corporate Responsibility boast a combined $110 billion in assets under investment. Many of the organizations have staff on the ground in developing countries fighting the HIV/AIDS pandemic.

[Full story]

[Provided by the Good News Agency]


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