Faith-Based Investors Submit Comments
to the Global Reporting Initiative G3 Draft Guidelines

Changes suggested to human rights, labor rights, HIV/AIDS, and other indicators

NEW YORK CITY, NY///March 31, 2006///The Interfaith Center on Corporate Responsibility (ICCR) today released comments on the Global Reporting Initiative (GRI) on the GRI's new G3 reporting platform. The comments, which have been available to ICCR members, are now public for the first time, available at www.iccr.org.

The GRI G3 is a proposed framework for corporate reporting on environmental, human rights, labor rights, HIV/AIDS, and other issues. G3 is the third iteration of the framework, and GRI has been soliciting comments from the public and stakeholders over the past three months. The comment period closed Friday, March 31.

"The GRI guidelines have evolved into an accepted standardized framework for sustainability reporting," said Reverend David Schilling, program director for human rights at ICCR, "We therefore want to improve the guidelines, especially in the social performance area, so that corporate reports meet the needs of all stakeholders - shareholders, the community, consumers and corporate management. To do so they will need to be strengthened significantly from the current draft."

Mark Regier, stewardship investing manager at MMA, the investing arm of the Mennonite Church, said, "As both social investors and people of faith, we rely on corporate reporting using the GRI framework to make judgments about the social performance and financial risk of the companies in which we invest. With the changes we propose, the GRI G3 guidelines can live up to their potential."

ABOUT ICCR
ICCR is a thirty-five-year-old international coalition of 275 faith-based institutional investors including denominations, religious communities, pension funds, healthcare corporations, foundations and dioceses with combined portfolios worth an estimated $110 billion. ICCR members utilize religious investments and other resources to change unjust or harmful corporate policies, working for peace, economic justice and stewardship of the Earth.
More information is available at www.iccr.org.

CONTACT: Rev. David Schilling,
Program Director, ICCR
212-870-2928 // dschilling @ iccr.org