Awesome Women: Sisters of St. Francis of Philadelphia

The Awesome Women of the Day are the Sisters of St. Francis of Philadelphia, a shareholder-activist order of Catholic nuns that deliberately invests its pension funds in corporations that need a good talking to. Thus entrance is gained for team members of the order's Corporate Responsibility committee to shareholder meetings and executive offices to protest unfair and greedy practices.

The New York Times recently featured the sisters in a Business section article:

Long before Occupy Wall Street, the Sisters of St. Francis were quietly staging an occupation of their own. In recent years, this Roman Catholic order of 540 or so nuns has become one of the most surprising groups of corporate activists around.

The nuns have gone toe-to-toe with Kroger, the grocery store chain, over farm worker rights; with McDonald’s, over childhood obesity; and with Wells Fargo, over lending practices. They have tried, with mixed success, to exert some moral suasion over Fortune 500 executives, a group not always known for its piety.

... The Sisters of St. Francis are an unusual example of the shareholder activism that has ripped through corporate America since the 1980s. Public pension funds led the way, flexing their financial muscles on issues from investment returns to workplace violence. Then, mutual fund managers charged in, followed by rabble-rousing hedge fund managers who tried to shame companies into replacing their C.E.O.’s, shaking up their boards — anything to bolster the value of their investments.

The nuns have something else in mind: using the investments in their retirement fund to become Wall Street’s moral minority.

The order is comprised of about 540 women who engage in a variety of ministries -- including education, health care, shelter and foreign aid in Africa and Haiti. They own a community farm on one of the last undeveloped tracts of land in Delaware County, PA, on which they grow food for 130 CSA members and the sisters themselves, in keeping with their dedication to sustainability. They have published reports on the SEC's recently issued requirements that energy companies seeking investment for fracking operations disclose all the risks involved, and another two reports on the Deepwater Horizon Oil Spill and the need for BP to be held responsible.

A page on the order's website answers, for those who might be contemplating joining the order, "Who Will I Be?"

As a Sister of St. Francis of Philadelphia, you possess a heartfelt determination to make a difference in the world. You are prepared to live as Jesus did, with a clear vision of God’s care for all creation, loving every man, woman, child, and creature as brother, sister, mother, father, and friend.

 To paraphrase my friend Betty Fokker -- Mammon wept. Jesus smiled.