Climate Scientist Joins Exxon Board (02/03)
The oil and gas giant responds to years of shareowner action by appointing atmospheric scientist Susan Avery to its board of directors.
Investors Challenge Mutual Funds on Proxy Voting (01/20)
Sustainable investment firms respond to update by Ceres by pressuring mutual funds on their proxy voting records relating to climate change. Second in a two-part series.
Many Large Mutual Funds Continue Failure to Address Climate Change (01/07)
Ceres updates its annual report on voting climate-related resolutions by mutual funds, noting that several PRI signatories failed to support a single resolution in 2016. First in a two-part series.
US Chamber Targeted Senate in 2016 Dark Money Spending (01/02)
Public Citizen reports that only the National Rifle Association spent more than the Chamber of Commerce’s $30 million during the 2016 federal election.
Companies Challenged to Adopt Science-Based Climate Goals (12/17)
Over 100 publicly traded companies have reported to CDP that they will adopt science-based emissions reduction plans, and letters from members of the Interfaith Center on Corporate Responsibility intend to hold them to their promises.
Investors Target Chevron for Doing Business in Burma (12/16)
A shareowner resolution co-filed by Azzad Asset Management requests that Chevron cease doing business with the government of Burma until state-sanctioned violence against the Rohingya minority is ended.
Impact Measurement Can Drive Business Value (08/26)
The Global Impact Investing Network surveys impact investors and learns that in addition to environmental and social benefits, measuring their investments can improve financial performance.
Human Rights Most Important Issue in Corporate Supply Chains (08/18)
Ethical Corporation reports on the results of its survey of corporations and other stakeholders, addressing risk and opportunity in corporate supply chains.
Financial Stability Board to Review Governance Principles (08/16)
The international body, formed to promote financial stability following the global financial crisis, seeks to determine how its member jurisdictions have implemented the G20/OECD Principles of Corporate Governance.
SEC Urged to Strengthen ESG Reporting Requirements (08/12)
Ceres organizes an investor coalition calling for regulations to strengthen corporate climate reporting, while US SIF and ICCR issue a joint press release urging mandatory sustainability reporting.
After the Conventions (07/30)
While it seems implausible that investors concerned with environmental and social justice will vote for Donald Trump, some of the positions take by Hillary Clinton during her years of public service merit scrutiny.
Major Pension Funds Still Funding Deforestation (07/29)
Friends of the Earth and As You Sow create a free online database to help educate individual investors about which retirement funds continue to invest in companies engaged in deforestation for palm oil production.
Banking Lags on Human Rights (07/08)
A report by the NGO BankTrack reveals that most major global banks are failing to implement the UN Guiding Principles on Business and Human Rights in their financing.
Are Big Banks Ignoring Paris Climate Agreement? (07/07)
The seventh edition of the Fossil Fuel Finance Report Card reveals that while some progress has been made in exiting the financing of coal mining, global financial institutions are lagging badly in other extreme fossil fuels and human rights.
$5 Trillion Investor Coalition Supports Human Rights Benchmark (06/24)
The coalition, coordinated by Boston Common Asset Management, hopes that the Corporate Human Rights Benchmark will help improve corporate human rights disclosures and aid investors in their engagement with companies.
Pepsi Challenged on Palm Oil Worker Exploitation (06/21)
A report from three NGOs reveals that violations of workers' rights on the palm oil plantations of PepsiCo's joint venture partner in Indonesia includes child labor.
BlackRock Shareowners Vote on CEO Pay (05/26)
The Stephen M. Silberstein Revocable Trust files a shareowner resolution with the mutual funds giant, requesting that its proxy voting practices reflect a link between executive compensation and corporate performance.
SEC Backs Shareowner Challenge of Dominion Nuclear Plant (05/06)
The utility's effort to exclude the resolution calling for analysis of the financial risks associated with a nuclear reactor which could cost over $19 billion is turned down by the Securities and Exchange Commission.
Second Benchmark of Corporate Human Rights Performance Launches (04/30)
KnowTheChain, founded in 2013 to address California's Supply Chain Transparency Act, will initially benchmark the human rights performance of 20 companies in the information and communications technology industry sector.
Institutional Investors Support Increase in Solar Deployment (04/29)
The Green Infrastructure Investment Coalition, launched during the COP21 negotiations, now counts over $60 trillion in assets under management supporting a trillion dollar investment in solar.
Despite Climate Commitments, World Bank Still Funding Fossil Fuels (04/22)
Oil Change International reports that the World Bank Group's investments in fossil fuel exploration actually increased in 2015, to $313 million.
Investors Challenge Food Companies on Antibiotics (04/15)
The collaborative investor network Farm Animal Investment Risk & Return writes to ten of the largest restaurant chains, requesting policies addressing overuse of medically necessary antibiotics.
Walden Updates Shareowner Action on Lobbying (04/11)
Tim Smith of Walden Asset Management posts update on the 50 shareowner proposal addressing corporate lobbying expenditures filed this proxy season.
Investors Win Battles for Shareowner Votes on Climate at Exxon (04/01)
Resolutions addressing the moral imperative of limiting climate change and the manner in which the company reports oil reserves replacement will appear on proxy ballot following SEC decision.
Corporate Human Rights Benchmark Launched (03/31)
Members of the Corporate Human Rights Benchmark complete methodology based in part on UN Guiding Principles on Business and Human Rights, and plan to publish the first benchmark of corporate human rights performance in November.
Community Capital Management Publishes Annual Impact Report (03/21)
In a webinar, Chief Impact Investment Officer David Sand emphasizes the importance the sustainable fixed income firm places on environmental and social impacts.
A Wealth of Insights in the 2016 Proxy Preview (03/11)
Report authors Heidi Welsh and Michael Passoff detail a total of 314 pending shareowner resolutions, the majority of which target environmental issues and corporate political activities.
Demand for Impact Capital in Southern Africa Faces Challenges (03/07)
The Global Impact Investing Network finds ample opportunities for increased sustainable investment in the region, but acknowledges that challenges to development persist.
ICCR Publishes 2016 Proxy Voting Guide (02/25)
Members of the faith-based investor organization have filed 257 shareowner resolutions thus far this proxy season, with climate change and corporate political expenditures receiving the most attention.
New Revenues Will Pay for Sanders' Economic Plan, Economist Says (02/11)
Gerald Friedman, staff economist for the Center for Popular Economics, analyzes the Sanders economic platform and concludes that new revenue streams make the ambitious plan feasible.
Obama to Propose New Fee on Oil (02/05)
Citing the opportunities in addressing climate change, the President's budget proposal will include a $10 per barrel fee on oil that will be used to build a sustainable national transportation infrastructure.
Exxon Opts for Business as Usual on Climate Change (02/03)
The oil and gas giant challenges a shareowner resolution from Interfaith Center on Corporate Responsibility members, requesting that it commit to global temperature increase limits.
After a Successful Proxy Season, Walden Asset Management Sets Sights on 2016 (01/27)
The sustainable investment firm reports on its shareowner action during the 2015 proxy season, and begins 2016 with resolutions addressing corporate climate change lobbying and emissions reporting.
Community Capital Management a Top Fund Performer in 2015 (01/23)
The fund tracker Morningstar ranks the performance of the firm's fixed income investment product among the top one percent of 309 funds in the intermediate government category.
Ceres Launches Online Database of Corporate SEC Filings on Climate Change (01/22)
The organization collaborates with CookESG Research to provide an online tool for searching corporate filings with the Securities and Exchange Commission on carbon asset risks and other sustainability factors. Third in a three-part series.
In Wake of COP21, Shareowners Challenge Corporate Lobbying on Climate (01/16)
A shareowner initiative coordinated by Walden Asset Management requests that fossil fuel companies disclose lobbying activities and review public policy advocacy on energy policy and climate change. Second in a three-part series.
Sustainable Investors Respond to Climate Pact (01/15)
With COP21 Climate Conference in Paris ending with agreement intended to keep global temperature increase below two degrees Celsius, investors envision portfolios focused on renewable energy. First in a three-part series.
Resolution on Climate Change Will Be on Franklin Templeton's Proxy Ballot (12/10)
A proposal submitted by Zevin Asset Management, requesting that the mutual fund company “assess any incongruities” in its proxy voting practices relating to climate change, is allowed onto proxy ballot by the SEC.
Companies Profiting from Mass Incarceration Mapped for Investors (11/25)
The American Friends Service Committee publishes research on for-profit prison companies and recommends that investors divest their holdings in five.
Scientists Join Call for Exxon Investigation (11/19)
In the wake of reports detailing the oil giant's duplicity on climate change, the Union of Concerned Scientists join legislators and others in urging a Department of Justice investigation.
NGOs Urge Green Climate Fund to Deny Accreditation to Scandal-Plagued Banks (11/14)
HSBC and Crédit Agricole finance environmentally destructive projects and rank at the bottom of major banks in implementing the UN Guiding Principles on Business and Human Rights. Second in a two-part series.
First Investments Approved by Green Climate Fund (11/13)
Eight climate change mitigation or adaptation projects—three in Africa, three in Asia-Pacific, and two in Latin America—mark the end of the Green Climate Fund's two-year launch period and the beginning of providing financing to developing nations. First in a two-part series.
Bank Financing of Fossil Fuels Dwarfs that of Renewables (11/10)
A new study by Fair Finance Guide and BankTrack reveals that since 2009, investment in fossil fuels by 75 of the world's largest financial institutions is more than nine times greater than investment in renewable energy.
Banks Still Failing to Incorporate Climate Risks in Lending (11/05)
A year after Boston Common Asset Management organized an investor initiative, major global banks continue to fail to account for greenhouse gas emissions in their lending and underwriting portfolios.
Labor Department Repeals Controversial Fiduciary Standard (10/31)
A 2008 ERISA standard that has discouraged pension plan fiduciaries from considering environmental and social factors in investment strategy has finally been repealed.
EarthFolio Launches First Robo-Advisor for Sustainable Investors (10/30)
SocialFunds.com talks with Art Tabuenca, founder of Blue Marble Investments and EarthFolio, about the development of the first online investment platform specifically dedicated to sustainable investing.
Skepticism Greets Oil Industry Statement on Climate Change (10/21)
Even before member companies of the Oil and Gas Climate initiative issued a statement supporting a climate deal in Paris in December, the Union of Concerned Scientists question the extent of the industry's commitment.
Justice Department Urged to Investigate Exxon (10/19)
After two reports identify research into global warming by the oil giant as far back as the 1970s, two members of the House of Representatives call on the Justice Department to investigate the corporation for its campaign to deceive the American public about the risks of climate change.
Pope Francis Talks Climate Change in Speech at UN (10/15)
A global perception of his moral authority may contribute momentum to a meaningful deal at December's climate talks in Paris.
Investors Support Human Trafficking Legislation (09/25)
More than 100 institutional investors call for passage in Congress of The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015.
Investors Call for Support of EPA Methane Regulations (09/22)
A coalition of investors organized by the Interfaith Center on Corporate Responsibility writes to 32 energy companies, requesting that they support new regulations on methane emissions.
The Investment Implications of Mass Incarceration (09/21)
In a three-part series and subsequent conference call, Sonia Kowal of Zevin Asset Management outlines for foundations and other investors the importance of aligning their strategies with their social missions.
Letter to Obama: No Drilling on Public Lands (09/18)
Hundreds of signatories call on the President to end the policy of leasing federal lands for fossil fuel exploration and extraction.
Holy Land Principles Calls for Fair Employment in Palestine (09/09)
Modeled on the MacBride Principles of Northern Ireland, the eight Holy Land Principles call on US companies doing business in Israel and Palestine to practice fair employment.
Investors Call on Corporations to Oppose Chamber's Challenge to Clean Power Plan (09/04)
Fifty prominent members of the Chamber of Commerce receive letters from investors, requesting that they address contradictions between their public positions on climate change and their funding of the Chamber's opposition to the Clean Power Plan.
MacArthur Foundation Focuses on Climate Change (09/03)
The Foundation launches its Climate Solutions initiative with $50 million in grants, to help ensure that the US meets its responsibilities in addressing the crisis of climate change.
Another Major Religion Gets the Implications of Climate Change (08/26)
Two months after Pope Francis delivers his encyclical on climate change, Islamic Relief hosts a climate change symposium and publishes the Islamic Declaration on Global Climate Change.
Major Food and Beverage Companies Fail to Manage Water Risks (08/24)
As water scarcity becomes a major issue for sustainable development, a coalition of investors organized by Ceres calls for better water management and disclosure by 15 major food and beverage corporations.
Drilling in the Arctic, Mining at the Grand Canyon (08/21)
President Obama's legacy on climate will be compromised by Shell drilling for oil in the Arctic, and the Grand Canyon is under siege from uranium mining and tourism development.
EPA Proposes Methane Cuts for Oil and Gas Sector (08/20)
The proposed standards, part of the Obama administration's Climate Action Plan, will reduce methane emissions in the oil and gas industry by as much as 45% by 2025.
Report Details Impact Investment Opportunities in East Africa (08/12)
The Global Impact Investing Network and Open Capital Advisors publish a country by country analysis of impact investing activity in the region.
Investment Losses from Climate Change to Be in Trillions, Report States (08/07)
The Economist Intelligence Unit warns that $4.2 trillion in assets could be at risk, with losses exponentially greater for every increase in global temperature.
Sustainable Investors Praise Obama's Clean Power Plan (08/06)
The Plan, which will reduce carbon emissions from the power sector by 32% below 2005 levels in 2030, is praised by Mindy Lubber of Ceres as a blueprint for the low carbon transition.
EIRIS Compiles Database of Companies Doing Business in Crimea and Palestine (07/27)
The EIRIS Foundation releases an online database of companies in Crimea and Palestine, providing for investors and other stakeholders objective and independent research about corporate activity in occupied territories.
Rankings of 2014 Corporate Social Responsibility Reports Are Published (07/24)
Baruch College's Weissman Center for International Business analyzes corporate social responsibility reporting from the largest US and international companies, and publishes an online ranking that allows investors and other stakeholders to review the quality of CSR reports.
Oil Industry Payments to Governments Still Lack Transparency (07/23)
Five years after passage of Dodd-Frank, a report by Oxfam America finds that payments by the US industry to developing nations lack the transparency to ensure that governments are using them for the benefit of citizens.
Green Bond Investments Reach $600 Billion (07/13)
The fourth edition of Bonds and Climate Change, published by the Climate Bonds Initiative, reports that 70% of climate-aligned bonds are invested in low-carbon transport, while another 20% focus on clean energy.
Corporate Human Rights Benchmark Publishes Draft of Key Performance Indicators (07/11)
The Benchmark publishes two documents about which it seeks input: a framework for multi-stakeholder consultations, and a draft list of key performance indicators.
Consumer Goods Companies Commit to Halving Food Waste (07/10)
Four hundred corporate members of the Consumer Goods Forum commit to a sustainability program that includes halving food waste within their operations by 2025.
Investors Support White House Plan to Cut Methane Emissions (07/07)
The Obama Administration proposes to reduce methane emissions from the oil and gas industry by at least 45% by 2025, and investors coordinated by Ceres and Trillium Asset Management issue a statement expressing their support.
Investors Tell Corporations to Meet Burma Reporting Requirements (07/01)
Sustainable investment firms representing more than $40 billion in assets under management write to three corporations doing business in Burma, urging them to comply with the Burma Responsible Investment Reporting Requirements.
Benchmarking Tool for Toxic Chemicals in Consumer Products Launched (06/30)
The Chemical Footprint Project, backed by investors and corporations representing more than $1 trillion in investing and purchasing power, is the first tool for benchmarking corporate chemical use and management.
Laudato Si Makes Waves Throughout Society (06/27)
Sustainable investors and climate deniers alike weigh in with responses and reactions to Pope Francis's landmark encyclical on climate change. Second in a two-part series.
Pope Francis Delivers Encyclical on Climate Change (06/20)
The Pope makes explicit the connection between climate action, poverty, and morality, and calls for a radical shift away from current failures and toward an “ecological conversion” instead. First in a two-part series.
And Now for Something Completely Different (06/16)
The Heartland Institute hosts its annual conference on climate change, at which such scientific luminaries as climate denying Senator James Inhofe of Oklahoma are honored.
Morgan Stanley Issues $500 Million Green Bond (06/15)
The investment bank intends to fund a number of wind energy projects in the US.
Two Years After Tragedy, Fund for Rana Plaza Victims Meets Goal (06/13)
Pressure from members of the Interfaith Center on Corporate Responsibility helps further corporate responsibility in the remediation of human rights violations.
Shareowners Target Amazon on Human Rights and Climate (06/12)
Sustainable shareowners submitted four resolutions addressing environmental, social, and corporate governance issues at this week's annual general meeting, as pressure grows for the company to improve its sustainability performance.
Community Capital Management Expands Green Bond Offerings (06/08)
The fixed income investment adviser offers opportunities for sustainable investors to meet their community investment mission.
Verite to Assess Trafficking Risks in Sub-Saharan Africa (06/01)
With economies improving and ample natural resources, the region is at heightened risk for human trafficking violations.
Report Assesses Corporate Conflict Minerals Disclosures (05/30)
The Responsible Sourcing Network analyzes the quality of more that 1,000 conflict minerals disclosures by large cap corporations, and find that many fulfilled only minimal requirements.
Resolutions Request Emissions Reduction Goals by Exxon and Chevron (05/29)
A process for shareowners to declare their intention to vote in favor of emissions reduction resolutions at the annual meetings of the oil and gas giants does not appear to have led to substantial votes in favor, but signal that investors who choose engagement as a strategy will remain aggressive.
Rewriting the Rules of the American Economy (05/21)
Nobel Economist Joseph Stiglitz and Senator Elizabeth Warren speak at the Roosevelt Institute about the pressing need to rewrite the rules governing the economy in order to lessen inequality. Second of a two-part series.
Nobel Laureate Joseph Stiglitz Takes on Income Inequality (05/16)
“It would be easier, politically, to push for one or two policies on which we have consensus, but that approach would be insufficient to match the severity of the problems posed by rising inequality,” his new report states. First of a two-part series.
At Yale, John Fullerton Presents on Regenerative Capitalism (05/15)
Speaking to the generation that will have to reverse the course of multiple crises, the founder of the Capital Institute envisions a holistic organization of social systems to replace the current reductionist and competitive approach. Third of a three-part series.
Regenerative Capitalism Seeks Radical Overhaul of Financial System (05/07)
John Fullerton, the founder of the Capital Institute, writes that the transition of an “antisocial” global financial system to one aligned with our understanding that “living systems are both sustainable and regenerative” is underway. But is the evolution decisive enough to solve the crises of our age? Second of a three-part series.
Is Regenerative Capitalism a Spiritual Quest? (05/05)
John Fullerton of the Capital Institute authors an admirable paper on what he calls Regenerative Capitalism, but how do we get from the here of exploitation to there? First of a three-part series.
Carbon Tracker Offers Roadmap for Energy Transition (05/01)
Asserting that many executives in the oil and gas industry assume a business as usual approach in their planning, the NGO warns that unconventional exploration and price volatility will have negative impacts for investors.
Two Years after Rana Plaza Tragedy, Investors Still Seek Corporate Assurances (04/28)
A coalition of institutional investors asserts that the systemic changes needed to safeguard garment workers in Bangladesh remain insufficiently financed, even by signatories to the Fire and Safety Accord.
Forest Conservation Strategy Wins Morgan Stanley Sustainable Investing Challenge (04/21)
Four students from the Haas School of Business are awarded the $10 thousand grand prize for developing an institutional investment vehicle that will help alleviate drought and reduce forest fire risk.
$120 Million Green Bond from Nordic Investment Bank (04/20)
The fixed income issuance, driven by investors incorporating environmental, social, and corporate governance factors, will finance loans to environmental projects in Scandinavia.
Investors Call on SEC to Require Effective Climate Risk Disclosure (04/18)
In a letter to SEC Chair Mary Jo White, a coalition of investors organized by Ceres offers specific criticisms of disclosures by major oil and gas companies, and argues that climate risk is changing the economics of the industry.
Harvard Students Mount Blockade in Campaign for Divestment (04/17)
The Divest Harvard demonstrators block access to administrative offices during Harvard Heat Week as analyses of the university's investments find significant levels of greenhouse gas emissions.
Electronics Trade Association Prohibits Payments to Labor Brokers (04/10)
The amendment to the Electronic Industry Citizenship Coalition's Code of Conduct follows engagement on the issue of payments to labor brokers by members of the Interfaith Center on Corporate Responsibility.
Market for Conservation Investments Expected to Grow Dramatically (04/03)
A first ever report on the practice of conservation investing, co-authored by The Nature Conservancy, anticipates that private investment will triple by 2018, from $2 billion to nearly $6 billion.
No Financial Sacrifice in Sustainable Investing (03/30)
The Morgan Stanley Institute for Sustainable Investing analyzes thousands of sustainable mutual funds and separately managed accounts, and finds that most meet or exceed the performance of traditional investments.
US Coal Crash Structural, not Cyclical, Report States (03/27)
The Carbon Tracker Initiative's latest report reveals that bankruptcies are rampant in the US coal industry as cheap natural gas and a strengthening renewable market indicate that the decline of coal will be permanent.
Corporate Sustainability Measures Fail to Address Impacts (03/26)
The 2015 State of Green Business report, published by GreenBiz with environmental data supplied by Trucost, confirms that corporate sustainability efforts and disclosures are insufficient.
Community Capital Management Outlines Plans for $100 Million in Rural Development Bonds (03/23)
The Florida based fixed income investment adviser published a report in which it reveals that it plans to invest $100 million in bonds financing rural community development.
Record Breaking Number of Shareowner Resolutions in 2015 (03/21)
The eleventh edition of As You Sow's Proxy Preview identifies 433 shareowner resolutions filed this year, with corporate political activity and the environment accounting for slightly more than half of them.
Corporations Improving on LGBT Rights (03/20)
Evolution in social acceptance of diversity, as well as years of shareowner engagement by Walden Asset Management, leads to many companies adopting sexual orientation and gender identity policies.
Shareowners Continue Push for Fracking Disclosure (03/17)
Six companies are recipients of resolutions this proxy season, calling for greater disclosure of environmental and community risks associated with hydraulic fracturing.
Report Analyzes Impact Investing Funds (03/09)
The Global Impact Investing Network reports on more than 300 impact investment funds that direct investments by foundations and high net worth individuals to social and environmental opportunities in North America and emerging markets.
Good News for Shareowner Engagement on Food Issues (03/07)
Dunkin Brands agrees to remove nanomaterials from powdered sugar, and Dow Chemical commits to increased disclosure on its management of environmental and social impacts associated with an herbicide used with genetically engineered seeds.
Individual Investors Struggle with Sustainability (03/06)
More than half of individual investors surveyed by Morgan Stanley believe financial returns will be compromised by a sustainable investment strategy, but demand from millennials and women are likely to drive an increase in the strategy.
Second Global Sustainable Investment Association Review Published (03/03)
Negative screening persists as the investment strategy most often practiced, but integration of environmental, social, and corporate governance considerations into financial analysis has grown at the fastest rate over the last two years.
Investors Back Reporting Framework for Human Rights (02/28)
The United Nations Guiding Principles Reporting Framework is launched to help corporations report effectively on human rights issues, and gains the support of a $4 trillion coalition of institutional investors organized by Boston Common Asset Management.
Citi Announces $100 Billion Sustainability Commitment (02/27)
Having met several targets of a $50 billion goal two years early, the bank now commits twice that amount to activities such as financing large renewable-energy projects and reducing its absolute emissions by 80%.
BP Calls for Price on Carbon (02/25)
Arguing that emissions are rising significantly more than scientists recommend, the oil and gas company states that a meaningful global price on carbon will incentivize participation in a low-carbon transition.
Shell Demonstrates Tunnel Vision Version of Climate Change (02/23)
The oil and gas company endorses a shareowner resolution requesting a sustainable approach to stranded assets, but signals that it will resume costly and ineffectual drilling for oil in the Arctic.
Twenty-Five Resolutions on Board Diversity Filed in 2015 (02/21)
Institutional investors affiliated with the Thirty Percent Coalition step up their shareowner efforts to pressure corporations to elect women to their boards of directors
Human Rights Abuses in Burmese Mining Industry (02/19)
A new report from Amnesty International identifies companies from Canada and China that have profited from serious human rights abuses at the Monywa copper mine complex in Burma.
Corporate Responsibility for Farm Animal Welfare Benchmarked (02/14)
Business Benchmark on Farm Animal Welfare aspires to improve living conditions for animals raised for food by benchmarking corporate performance on farm animal welfare.
Corporate Responsibility for Waste Reduction Insufficient (02/11)
As You Sow and the Natural Resources Defense Council report that the lack of strong recycling policies and insufficient practices by companies are factors in low recycling rates in the United States.
ICCR Publishes 2015 Proxy Resolutions and Voting Guide (02/09)
Climate change and wealth inequality lead members of the the Interfaith Center on Corporate Responsibility to increase for the third year in a row the number of shareowner resolutions filed. Second of a two-part series.
Journal Devotes Issue to Faith-Based Investors (02/06)
An issue of Green Money Journal, guest edited by Mark Regier of Everence, explores the history and aspirations of faith-based sustainable investing. First of a two-part series.
Strong Shareowner Support for Lobbying Disclosure at Monsanto (02/04)
A resolution filed by As You Sow gains one-quarter of shareowners' votes at biotech company's annual meeting, and a similar resolution is scheduled to be voted on in April at DuPont.
Board of Directors Endorses Climate Change Resolution at Shell (02/03)
By endorsing a shareowner resolution filed by members of the Aiming for A investor coalition, the oil giant agrees to report on several aspects of climate risk, including portfolio resilience in post-2035 scenarios.
Investors Urged to Challenge Fossil Fuel Industry Assumptions on Risk (01/31)
Ceres hosts a press call in which investors express concerns that the oil and gas industry relies on a business as usual scenario in planning capital expenditures.
Climate Resilient Supply Chains Remain a Work in Progress (01/29)
CDP's new report comparing corporate supply chains by countries finds that the response of US suppliers to climate risk exposure is insufficient, while China and India offer the best financial returns from emissions reduction activities in supply chains.
Social Cost of Carbon to Threaten Global Economy (01/27)
A report published in the journal Nature Climate Change warns that worsening climate change impacts could lead to dramatic increases in the social cost of carbon unless short-term mitigation measures are taken.
Over 50 Institutional Investors Call for Improved Annual Reporting from BP and Shell (01/26)
Invigorated shareowner engagement in the UK leads to resolutions requesting that the two companies with the largest carbon footprints in the FTSE 100 report on strategies to address climate change.
1% to Own More than Half the Wealth by Next Year (01/23)
A briefing by Oxfam reveals that lobbying on budget and tax issues in the US has contributed to enabling the richest 1% of people in the world to compile 48% of global wealth, a percentage that is likely to exceed 50% by 2016.
Sanders to Republicans: Believe in Climate Science? (01/22)
After assurances by by Republican leader McConnell that all amendments to a bill to approve the Keystone pipeline will be voted on, the Senate votes not to vote on amendment submitted by Senator Sanders of Vermont. Second of a two-part series.
New Congress Off to Expected Start (01/16)
The Republican majority votes to roll back key elements of the Dodd-Frank bill, and Bernie Sanders introduces an amendment to force Senators to vote on whether or not they believe the science of climate change. First of a two-part series.
Sex Trafficking and Murder in North Dakota Fracking Lands (01/14)
Forum News Service publishes expose on human trafficking in the Oil Patch in western North Dakota, while the New York Times reports on corruption and murder on Native American reservation there.
January is Human Trafficking Awareness Month (01/12)
While business increasingly acknowledges its responsibility to help eradicate human trafficking in all its forms, more robust efforts are needed to protect the world's most vulnerable people.
Engage or Divest? (01/10)
Investors know what has to be done to prevent the worst effects of climate change, but many continue to debate whether moving their assets from fossil fuel companies might affect their returns in the short term. Second of a two-part series.
The Risk to Investors of Stranded Assets (01/09)
In a roundtable hosted by Environmental Finance, investors, analysts, and corporate managers convene to discuss the financial risks associated with stranded fossil fuel assets. First of a two-part series.
Vermont a Co-Filer of Resolution Requesting Emissions Reduction Targets from Exxon (01/08)
The state's Pension Investment Committee joins a coalition coordinated by the Interfaith Center on Corporate Responsibility and Ceres in filing a shareowner resolution calling for greenhouse gas emissions reduction goals.
Report Calls for Climate Resilient Stock Exchanges (01/06)
Arguing that risks associated with climate change are increasingly likely to destroy value, the Climate Disclosure Standards Board calls on stock exchanges to mandate corporate reporting that includes climate risk assessments.
New Controls for Old Risks at JPMorgan Chase (01/02)
In response to shareowner pressure, the bank endorses the Shareholder-Director Exchange as a means of improving the quality of engagement between investors and board directors. Second of a two-part series.
JPMorgan Publishes Governance Report in Return for Resolution Withdrawal (12/30)
Members of the Interfaith Center on Corporate Responsibility withdraw a key corporate governance resolution after the financial institution agrees to publish a report detailing its efforts at governance reform. First of a two-part series.
Sustainable Investment Firms Offer Guide to Fossil Fuel Investing (12/29)
Along with 350.org, Green Century Capital Management and Trillium Asset Management update a guide for investors who want to divest from fossil fuel companies and reallocate their assets to sustainability.
EPA Announces Regulations for Coal Ash Disposal (12/27)
But by declining to classify coal ash as hazardous waste, the Agency fails to adequately safeguard human health, the advocacy organization As You Sow states. Second of a two-part series.
Heartening Developments in the War on Coal (12/26)
The Department of the Interior proposes that coal companies pay royalties on federal leases, and the Environmental Protection Agency announces new regulations for coal ash disposal. First of a two-part series.
Corporate Human Rights Benchmark Gains Government Support (12/24)
The benchmark, which will rank 500 major corporations in four industry sectors on their human rights performance, wins financial support from the UK government. Second of a two-part series.
Child Labor in African Cocoa Industry Persists (12/22)
Poverty among cocoa farmers in West Africa has challenged efforts to eradicate child labor, while initiative to benchmark corporations in the agricultural and other industry sectors gains support. First of a two-part series.
Addressing Climate Change Means Honoring Human Rights (12/17)
A large coalition of civil society groups called on climate negotiators to factor human rights into agreements, but CARE concludes that the failure of governments to act leaves the world's most vulnerable people at risk.
Energy Companies Fail to Disclose Impacts of Fracking Operations (12/13)
The third edition of Disclosing the Facts, published by a coalition of sustainable investment organizations, reveals that companies engaged in hydraulic fracturing continue to prioritize empty assurances over meaningful data.
Norway's Sovereign Wealth Fund Declines to Divest from Fossil Fuels (12/12)
Nongovernmental organizations criticize an expert report that recommends active ownership instead of divestment, which was published one week after Norway's largest private pension fund announced a policy of divestment.
Green Bonds Growth a Positive Development in 2014 (12/10)
In a year when ExxonMobil rejects stranded assets and half a million march for climate in New York, green bonds offer an increasingly popular fixed-income investment strategy for sustainable investors.
Efforts Underway to Benchmark Companies on Human Rights (12/04)
A coalition launches project to rank companies on human rights as BankTrack reports that few financial institutions are making progress on the issue.
Public Works Needed for Low Carbon Transition (12/03)
A 2013 briefing by academics from the University of Greenwich argues forcefully for the management by the public sector of a transition to renewable energy, and is cited in Naomi Klein's book This Changes Everything.
Book Review: This Changes Everything: Capitalism vs. the Climate, by Naomi Klein (12/01)
The author and activist argues that global trade policies promoting privatization and government austerity have doomed the climate movement thus far, but insists that there is still time for massive public infrastructure programs to address both climate change and inequality.
Sustainable Assets Up by 76% Since 2012 (11/28)
The biennial Trends Report by US SIF reveals that consideration of environmental, social, and corporate governance factors by money managers has contributed to sustainable assets in the US that now total $6.57 trillion.
Investors Ratchet Up Engagement Over Stranded Assets (11/26)
Undeterred by ExxonMobil's plan to burn all fossil fuel reserves already on its books, As You Sow and Arjuna Capital file a shareowner resolution requesting that the company return capital to investors rather than embark on further exploration.
Record High Support for ESG Resolutions by Shareowners in 2014 (11/25)
More resolutions addressing environmental, social, and corporate governance issues were filed by shareowners in 2014 than ever before, and proxy voting results thus far indicate record support for them as well.
Generic Drug Prices and Clinical Trials Come Under Scrutiny (11/21)
A number of recent new reports call into question some commitments to corporate social responsibility by companies in the pharmaceutical industry. Second of a two-part series.
2014 Access to Medicine Index Published (11/20)
Sustainable investors note improvements by pharmaceutical companies in areas of access and affordability but call for more rigorous codes of conduct and transparency around when patents will expire. First of a two-part series.
China Climate Agreement a First for Developing Nations (11/15)
In agreement with US, China commits to emissions reductions for the first time. But as a Natural Resources Defense Council report points out, the nation will have to make significant strides in reducing emissions from its ports and shipping systems.
Despite Pledges, G20 Subsidies of Fossil Fuel Exploration Continue (11/12)
Oil Change International co-authors a study which reveals that the Group of 20 governments spend $88 billion a year subsidizing exploration of fossil fuel reserves that cannot be burned if worst effects of climate change are to be averted.
Eurosif Updates Study of Sustainable Investment in Europe (11/10)
The sixth study published by the European Sustainable Investment Forum since 2003 details a continuing increase in assets devoted to aligning investments with social and environmental goals, and includes a lengthy analysis of the phenomenon of impact investing.
Phase Out Fossil Fuels by 2100, IPCC Warns (11/03)
The Synthesis Report of the Intergovernmental Panel on Climate Change warns that further delay in aggressive mitigation efforts will substantially increase the risks of severe and irreversible impacts on human life and ecosystems.
Extreme Weather and the Need for Resilient Power (10/31)
Clean Energy Group continues its Resilient Power Project with a report outlining strategies for financing energy generation alternatives that can remain operative during extreme weather events.
Contrasting Views on the Financing of Coal (10/30)
Rainforest Action Network congratulates US investment banks for backing away from Australian coal export terminal, while BankTrack reports that $83 billion was provided by banks to finance coal mining and coal power projects.
ECPAT-USA Continues Private Sector Engagement (10/29)
The organization's efforts to eradicate the commercial sexual exploitation of children have succeeded in encouraging more than 35 companies to implement the Tourism Child Protection Code of Conduct.
Financing Food Justice a Priority for ICCR Members (10/25)
Members of the Interfaith Center on Corporate Responsibility commemorated the recent World Food Day by calling for sustainable food systems and palm oil sourcing.
Investor Campaign for Board Diversity Heats Up (10/23)
Institutional investors representing more than $3 trillion in assets under management join with women's organizations to call for gender diversity on the boards of Russell 1000 companies.
Procter & Gamble Agrees to 90% Recyclable Packaging by 2020 (10/22)
But the personal products company inserts caveat into agreement by saying that it will either ensure that 90% of its packaging is recyclable or that “that programs are in place to recycle it" by then.
BICEP Member Patagonia Launches Vote the Environment Campaign (10/20)
The apparel company campaigns to overcome voter apathy in the US in order to elect officials who will support replacing fossil fuels with renewable energy.
Fossil Fuel Companies Failing to Integrate Risk (10/18)
Research by the Carbon Tracker Initiative reveals that while most fossil fuel companies acknowledge climate change as a risk, very few are integrating climate risks into project and capital expenditure assessments.
Founder of Hope Credit Union Receives 2014 Ned Gramlich Award for Responsible Finance (10/17)
Bill Bynum, CEO of the Mississippi-based Hope Credit Union, is awarded for his efforts to advance economic opportunity in low-income communities.
Is Child Labor in Uzbekistan Cotton Fields Decreasing? (10/16)
As You Sow's Responsible Sourcing Network reports that Tesco, the world's second largest retailer, has signed the Cotton Pledge and will avoid the use of cotton sourced from Uzbekistan until child labor is eliminated.
Investors Call for Oil and Gas Methane Regulation (10/13)
In a letter to the Environmental Protection Agency, investors with more than $300 billion in assets under management call for regulation of methane emissions from the oil and gas industry.
Only 10% of Distressed Asset Stabilization Loans Require Neighborhood Stabilization (10/10)
A report by the Center for American Progress finds some benefits to homeowners in the Federal Housing Agency program, but recommends that many more be included in the Neighborhood Stabilization pool. Second of a two-part series.
Federal Program Helps Wall Street, not Homeowners (10/08)
Distressed mortgages insured by the Federal Housing Administration are being sold to the highest bidder without regard to neighborhood stabilization. First of a two-part series.
Coal Keeps Getting Riskier for Investors (10/05)
The Carbon Tracker Initiative projects that as the demand for coal exports slows in China, $112 billion in planned future coal mine expansion and development is at risk of losing money.
$50 Million to be Invested in Sustainable Agriculture (10/04)
Community Capital Management commits to investing $50 million of fixed income investments in sustainable agriculture initiatives.
Institutional Investors Pledge to Disclose Carbon Footprint of Portfolios (10/01)
Signatories to the Montreal Pledge, launched at last week's UN Climate Summit, will measure and disclose the carbon footprint of their investment portfolios on an annual basis.
Maybe Some Good Things Came out of Climate Summit (09/30)
Business commitments on deforestation and renewable energy are not enough to overcome government inaction and the resolve of the fossil fuel industry to burn all its assets and explore for more.
Voluntary Corporate Disclosure of Political Spending Improves (09/27)
The fourth annual CPA-Zicklin Index, which tracks voluntary disclosures of political spending by major corporations, notes improved transparency in the absence of effective regulation.
White House Announces Anticorruption Agenda for Business (09/25)
The Obama administrations says it will develop a National Action Plan “to promote and incentivize responsible business conduct, including with respect to transparency and anticorruption.”
Three CDFIs receive NEXT Awards for Opportunity Finance (09/24)
The annual awards, which focused this year on expanding affordable housing, will presented at the annual meeting of the Opportunity Finance Network in October.
Civil Action Grows to Unprecedented Heights. So Do Emissions. (09/22)
Upwards of 400,000 people take to the streets of New York City to demand meaningful action on climate change, and scientists report that greenhouse gas emissions reached record levels in 2013
NGOs Express Concern that Climate Summit Could be Hijacked (09/21)
An extensive network of nongovernmental organizations write to the UN Secretary-General arguing that private investment is not a replacement for public funds, while a campaign by the Indigenous Environmental Network warns against influence of corporations in the upcoming Climate Summit. Second in a two-part series.
$24 Trillion Calls for Climate Policy (09/20)
In advance of next week's climate summit at the United Nations, a group of institutional investment organizations representing 348 investors and $24 trillion under management call for climate policies that encourage clean energy investment. First in a two-part series.
Widespread Forced Labor in Malaysian Electronics Industry (09/19)
A study by Verite finds that nearly one-third of foreign migrant workers in the Malaysian electronics industry work under conditions of forced labor.
As You Sow Launches Shareowner Initiative on Executive Compensation (09/18)
With the ratio of CEO to average employee pay at 300:1 and increasing, As You Sow announced an Executive Compensation initiative to encourage shareowners to link executive pay to meaningful performance goals.
China To Launch National Market for Emissions Trading (09/16)
The emissions trading scheme, scheduled to launch in 2016, would be the world's largest and is expected to help China reach its goal of reducing emissions by 45% by 2020.
Opportunities for Green Bond Investment Increasing (09/15)
The investment advisory firm Community Capital Management publishes a white paper describing several green bond opportunities that have become increasingly popular among sustainable fixed income investors.
Bank of America Delisted from Leading Sustainability Index (09/13)
The bank, which had been listed on the Dow Jones Sustainability Indexes despite its leading role in financing coal projects, is delisted in 2014, but questions remain over some of the Index's industry sector leaders and other constituents.
Carbon Tracker Analysis Refutes Exxon Claims (09/12)
The analysis reveals that unconventional oil and gas exploration has contributed to ExxonMobil underperforming the S&P 500 by eight percent over five years, and that the company has not adequately stress tested a future low carbon scenario.
Reporting by Equator Banks Lacks Transparency (09/10)
An academic paper published by the Center for International Governance Innovation concludes that only five percent of financial institutions reporting to the Equator Principles disclose all the information required of them.
Regulate Corporate Political Spending, One Million Say to SEC (09/06)
At a press conference organized by members of the Corporate Reform Coalition, sustainable investors and other corporate governance advocates call on the Securities and Exchange Commission to mandate political spending disclosure by corporations.
Two Sustainable Investment Funds Reach Milestones (09/04)
Community Capital Management's flagship fixed income fund celebrates its fifteenth anniversary, and the fossil fuel free Green Century Equity Fund reaches $100 million in net assets.
Thai Company Sues Activist for Revealing Human Rights Abuses (09/03)
Instead of addressing human rights violations in its workplace, Natural Fruit sues British activist Andy Hall for defamation, a charge that could land him in jail for eight years.
Integrity of UK Supply Chains Threatened by Complacency (08/29)
The Chartered Institute of Purchasing and Supply finds that only eleven percent of UK-based supply chain professionals say they have visibility throughout their entire corporate supply chains.
Addressing Pollution a Top Priority for Development in China (08/28)
The China Greentech Report 2014 finds that sustainable development, once considered an optional approach, is now a prerequisite as the world's largest emitter of greenhouse gases struggles with pollution in its cities.
Instability in Middle East Dampens Investment (08/26)
A white paper from Business Monitor International analyzes foreign direct investment in the Middle East and North Africa and concludes that political instability has led to declines in several countries.
California CDFI First Recipient of Guaranteed Treasury Bond (08/25)
Clearinghouse Community Development Financial Institution will use the $100 million bond to finance community development projects in California and Nevada.
Militarization of American Policing a Nationwide Problem (08/23)
An ACLU report originally published in June gains especial relevance in the wake of the paramilitary response to civil unrest in Ferguson, Missouri.
Heavy Construction Equipment and the Israeli Occupation (08/21)
Who Profits, a research organization based in Tel Aviv, issues a report analyzing the role of heavy equipment manufacturers in supporting Israeli occupation of Palestinian territories.
Corporate Recycling Loans or Extended Producer Responsibility? (08/20)
A consortium of major corporations led by Walmart launches the Closed Loop Fund to help fund municipal recycling projects, but critics say EPR will accomplish more.
Distributed Energy Resources Require a New Regulatory Framework (08/18)
The New England Clean Energy Council calls for modernization of the region's grid to encourage renewables and distributed energy resources.
ConAgra Joins Movement to Eliminate Deforestation (08/16)
Green Century Capital Management and the New York State Common Retirement Fund withdraw a shareowner resolution after the packaged food giant agrees to eliminate palm oil suppliers engaged in deforestation from its supply chain.
Wisconsin CDFI Wins 2014 NEXT Seed Capital Award (08/14)
Impact Seven, a nonprofit community development financial institution, wins the unrestricted $100,000 grant for its program for preserving affordable housing in multifamily rental units in rural Wisconsin.
New Jersey Creates Energy Resilience Bank (08/13)
The state-run bank will use disaster relief funds issued following Superstorm Sandy to help finance energy resilience by increasing the number of distributed energy resources.
Online Petition Urges Pope to End Mandate Against US Nuns (08/11)
Despite the compassionate message of Pope Francis publicized widely by the Vatican, the effort to put Women Religious in their proper place in a patriarchal hierarchy persists.
Investors Pressure Ralph Lauren on Human Rights (08/09)
Members of the Interfaith Center on Corporate Responsibility attend annual shareowner meeting of Ralph Lauren to support a resolution filed by the AFL-CIO requesting that the company conduct a human rights risk assessment.
Corporate Reporting and Materiality (08/08)
A report by the Governance & Accountability Institute assesses the materiality of key indicators in reporting to the Global Reporting Initiative by more than 1,000 corporations in 2012.
Investors Call on Banks to Consider Climate Risks (08/07)
Boston Common Asset Management publishes a report on climate risks in the banking sector and invites investors to sign on to letter to be sent to major banks.
Student Cellist Bases Composition on Climate Data (08/05)
It's as inevitable as the effects of climate change that artists will engage more deeply with the subject, and a recent chamber music festival in Ottawa, Canada featured five compositions addressing it.
Indigenous Rights Help Prevent Deforestation (08/04)
A report by the World Resources Institute and the Rights and Resources Initiative concludes that autonomous decision-making by native peoples results in improved community benefits and greater carbon storage.
Subsidies for Oil and Gas Companies Increase under Obama (08/02)
A report by Oil Change International estimates that fossil fuel exploration and production subsidies have increased by 45% since President Obama took office in 2009, as his repeated efforts to lower them have been stymied in Congress.
Colombian Securities Exchange Joins Sustainable Stock Exchanges Initiative (08/01)
The stock exchange becomes the second in Latin America to join the United Nations' initiative, and commissions a report from Sustainalytics on the state of sustainable investment in the region.
Climate Change and Pollution Threaten Global Food Supply (07/30)
A study by Massachusetts Institute of Technology concludes that reductions in crop yields due to climate change can be offset somewhat by stronger ozone pollution controls.
General Mills to Report on Supply Chain Emissions (07/29)
The company agrees to report on and reduce greenhouse gas emissions in its supply chain, joins Business for Innovative Climate & Energy Policy, and becomes a signatory to the Climate Declaration.
Electric Utilities Ranked on Renewables and Energy Efficiency (07/28)
A report from Ceres and Clean Edge benchmarks the nation’s largest electric utilities on renewable energy sales, and cumulative and incremental energy efficiency savings.
Resolutions Target GMO Labeling and Extended Producer Responsibility at Safeway (07/25)
The annual general meeting of the supermarket chain was dominated by merger talks, but health and environmental resolutions filed by Green Century and As You Sow were considered as well.
World Bank Calls for Price on Carbon (07/24)
Stating that the debate over pricing carbon has shifted from whether to how, the World Bank invites stakeholders to become signatories to a statement calling on governments to take action.
Professional Institute for Sustainability Practitioners Launched in UK (07/22)
Members of the UK-based Corporate Responsibility Group launch the Institute of Corporate Responsibility and Sustainability, a professional body for sustainability practitioners.
EPA Limits on Alaskan Pebble Mine Likely to Prevent Construction (07/21)
The Agency's proposal states that if constructed the mine would lead to unprecedented losses in streams and wetlands, and cause streamflow alterations, threatening one of the world's largest salmon fisheries.
Investors Applaud Palm Oil Sourcing Policy Announced by Smucker's (07/18)
Clean Yield Asset Management and Green Century Capital Management withdraw shareowner resolution after company commits to environmental protection by sourcing only deforestation-free palm oil.
Ways to Assess Corporate Action on Climate Change (07/15)
The Carbon Tracker 200 list provides information on the unsustainable practices of the world's largest fossil fuel companies, and Ceres collaborates on a searchable database of climate change disclosures by US companies listed on the Russell 3000 index.
Unitarians Craft Divestment Policy that Provides for Continued Engagement (07/14)
SocialFunds.com talks with Simon Billenness of the Unitarian Universalist Association about the year-long process to develop a policy of divestment from fossil fuel companies while retaining shareowner engagement.
UN Contemplates Rules Governing Transnational Corporations and Human Rights (07/11)
A resolution adopted by the United Nations' Human Rights Council, seeking to establish an international human rights law governing transnational corporations, is opposed by the United States and most European Union nations.
Finalists for Annual CDFI Awards Announced (07/10)
Opportunity Finance Network announces that four community development financial institutions are finalists for $8.25 million in awards provided annually for safe and affordable housing in low-income communities.
Carbon Tracker Responds to Shell on Stranded Assets (07/09)
The Carbon Tracker Initiative, whose 2011 report on stranded fossil fuel assets helped launch the fossil fuel divestment movement, joins with Energy Transition Advisors to argue that Shell's statement on stranded assets underestimates the magnitude of risk to investors.
World Leaders Urged to Act Decisively on Climate Change (07/08)
In a message to world leaders, signatories to a letter call for decisive action on climate change in order to keep global temperature increases within two degrees Celsius limit.
Privatization Harms Public Services (07/05)
A working paper published by the UK-based New Economics Foundation calls for a model of co-production of social services, in which front-line service providers and service recipients collaborate.
UK Clarifies Long Term Fiduciary Duty (07/03)
A report issued by the UK Law Commission determines that it is the duty of pension fund fiduciaries to consider environmental, social, and corporate governance factors when they could impact long-term investment.
Vermont Produces First State Level Climate Assessment in US (07/01)
The Vermont Climate Assessment partners with the recently published National Climate Assessment of the US Global Change Research to provide region-specific data on the impacts of climate change.
Partnerships Between Government and Private Sector Needed to Bring Impact Investing to Scale (06/30)
Citing the Community Reinvestment Act as an example of effective federal support, a report from the US National Advisory Board calls for additional government action to help maximize the impact of community development initiatives.
Step Back from New Oil Sands Projects, Scientists Tell North American Leaders (06/28)
Citing approval of pipelines and other oil sands projects as symptoms of a broken policy process, a group of scientists call for no new oil sands project approvals unless they are consistent with effective climate change policies.
High Level Report Outlines Risks from Climate Change in US (06/27)
The Risky Business Project releases a report warning of severe economic disruptions from rising sea levels and extreme heat.
Supreme Court Upholds EPA Authority to Regulate Greenhouse Gas Emissions (06/24)
The Court's ruling allows the Environmental Protection Agency to regulate greenhouse gas (GHG) emissions from sources whose conventional pollutants are already being regulated.
Human Rights Groups Commend State Department for Action on Thailand (06/23)
The 2014 Trafficking in Persons Report downgrades the status of Thailand due to widespread human trafficking and official corruption in the country's lucrative seafood industry.
Investors Tell FedEx to Distance Itself from Racist NFL Team Name (06/21)
FedEx has naming rights to Washington DC stadium that is home to the Washington Redskins, the professional football team under increasing pressure to change its racist name.
Pope Francis Calls for Sustainable Investment to Help the Poor (06/20)
At a symposium on impact investing held this week at the Vatican, the Pope calls on the capital markets to serve the good of humanity.
PRI Assets Top $45 Trillion (06/19)
During the past year the Principles of Responsible Investment added more than 200 new signatories, bringing the current number of signatories to 1,265.
Shareowner Action on Fracking Disclosure Proves Strength of Proxy (06/18)
The Investor Environmental Health Network reports that of six shareowner resolutions filed this year with companies engaged in hydraulic fracturing, four were withdrawn and two received substantial support.
Panelists at Slow Living Summit Discuss Context Based Sustainability Metrics (06/17)
Corporate sustainability architect Bill Baue leads a conversation about the importance of placing sustainability reporting in the context of planetary boundaries. Second of a two-part series.
Seminar Considers Impacts when Small Socially Responsible Companies are Acquired (06/16)
At the annual Slow Living Summit in Brattleboro, VT, managers from Ben & Jerry's and New Chapter discuss how their firms maintained social mission after being acquired by multinationals. First of a two-part series.
House Bill Calls for Corporate Disclosure of Human Trafficking Risks (06/12)
Investors issue statement in support of bill introduced this week that will require companies to disclose policies addressing human trafficking in their supply chains.
Shareowner Rights Under Attack (06/11)
Abetted by comments by an SEC commissioner, the US Chamber of Commerce petitions to keep shareowner resolutions from returning to proxy ballots.
Coal Fired Power Consumption Slowing in China (06/09)
Carbon Tracker and the Association for Sustainable and Responsible Investment in Asia report that investors need to consider the implications of significant stranded assets in China's coal sector.
Sustainability Reporting by Large Corporations Up Sharply (06/04)
In its updated analysis of sustainability reporting by S&P 500 companies, the Governance & Accountability Institute finds that almost three-quarters now do so.
EPA Announces Historic Emissions Limits for Power Plants (06/03)
More than 40% of the nation's greenhouse gas emissions come from power plants, and when enacted the new regulations will reduce emissions from existing power plants by 30% nationwide below 2005 levels.
Four Sustainability Professionals Inducted into ISSP Hall of Fame (06/02)
Launched in 2011, the International Society of Sustainability Professionals Hall of Fame seeks to acknowledge individual contributions to the advance of sustainability.
Activist Shareowners Make Their Way to Texas to Confront Chevron (05/31)
Simon Billenness of the Unitarian Universalist Association talks with SocialFunds.com about Chevron's ongoing legal quagmire in Ecuador and his efforts to have the oil and gas company appoint an independent Chair.
Oil Change International Exposes Growing Crude by Rail (05/30)
A new report estimates that an average of 135 trains with 100 cars apiece are moving crude oil via the rail system of North America, and at any given time nine million barrels are being transported by rail.
No Surprise: Climate Change the Biggest Issue for Sustainable Investors (05/29)
A survey of eleven sustainable investors by Monitor Global Outlook reveals that while more environmental and social shareowner resolutions have been filed in 2014 than ever before, the number of withdrawals has set a record too.
One Blog and Two News Briefs (05/28)
The author reflects upon personal responses to climate change, Trillium Asset Management withdraws resolution at Lowe's, and Sustainalytics research is now on Bloomberg.
Record Support for Stranded Assets Resolution at Anadarko Petroleum (05/27)
Resolution filed by As You Sow requesting that oil and gas company report on risk of stranded assets gains support of 30% of shareowners, the highest percentage for such a resolution thus far.
Book Review: The Sixth Extinction: an Unnatural History, by Elizabeth Kolbert (05/26)
The New Yorker staff writer travels through space and time to assert that a mass extinction is underway, this time at the hands of human agency. Second in a two-part series.
Uncivilization: an Artistic Manifesto for an Age of Ecocide (05/24)
The Dark Mountain Project contends that the human race has already destroyed the possibility of its survival and advocates for cultural responses that reflect reality. First of a two-part series.
Investment Professionals Taking Stranded Assets Seriously (05/23)
In advance of the 25th annual SRI Conference on Sustainable, Responsible, Impact Investing, First Affirmative Financial Network surveys sustainable investment professionals and finds that a majority believes now is the time to assess investments in fossil fuel companies.
US House Passes Human Trafficking Bills (05/22)
Strong bipartisan support for a package of bills that encourage states to provide social services to victims of forced prostitution and impose additional penalties for those engaged in human trafficking.
EIRIS Launches Investment Watch for Burma (05/21)
After President Obama issues an Executive Order continuing the national emergency in Burma, the EIRIS Conflict Risk Network establishes an Investment Watch for Burma to help investors determine the reporting transparency of companies doing business there.
Shell Joins Exxon in Denying Assets are Stranded (05/20)
A long-winded response by the oil company to shareowner concerns boils down to the assertion that it plans to burn all the reserves on its books regardless of the impact on climate change.
Film Review: The Wisdom to Survive (05/19)
Filmmakers John Ankele and Anne Macksoud document the destruction of nature from the developed nations' addiction to fossil fuels, but argue that there is still time to remake civilization in a just and sustainable way. Second of a two-part series.
Is it Time to Consider Planetary Hospice? (05/17)
Environmental activist Zhiwa Woodbury concludes that climate change will lead to the extinction of life on our planet, and recommends hospice for the entire human race based on the stages of grief of Kubler-Ross. First of a two-part series.
Colgate-Palmolive Commits to Emissions Reductions (05/16)
Shareowner engagement by Walden Asset Management leads to agreement by the company to reduce greenhouse gas emissions in line with standards recommended by the Intergovernmental Panel on Climate Change.
Shareowners Want Dunkin' Brands to Report on Nanomaterials (05/15)
A resolution from As You Sow, requesting that the company report on use of nanomaterials in its doughnuts, is supported by 23% of shareowners.
Kidnapping of Nigerian Girls Reminder of Persistence of Slavery (05/14)
Members of the Interfaith Center on Corporate Responsibility call the kidnapping a tragic reminder of the prevalence of human trafficking.
Sustainable Investment Increasing in Austria, Germany, and Switzerland (05/13)
Forum Nachhaltige Geldanlagen, a Eurosif member and the sustainable investment industry association for the three countries, reports that overall market now exceeds $184 billion.
Community Development Financial Institutions Improve Financial Stability (05/12)
The annual report on the state of the CDFI industry by the National Community Investment Fund anticipates an evolution that will improve revenues and fulfill mission of community development.
Carbon Tracker Publishes First in Series on Stranded Assets (05/09)
The first of three reports analyzing the investment risks associated with stranded fossil fuel assets coincides with Stanford University's divestment of coal stocks from its $19 billion endowment.
Opportunity Finance Network Reports on Starbucks Partnership (05/07)
The national network of community development financial institutions joined with Starbucks in 2011 to form Create Jobs For USA, an initiative to fund sustainable jobs in underserved communities.
Third National Climate Assessment Published (05/06)
In its new report, the US Global Change Research Program asserts that the effects of climate change have already become a present day concern, and announces the launch of a website to help Americans receive reliable scientific information.
Public Interest Groups Launch Campaign Targeting Non-Recyclable Packaging (05/05)
The Make It, Take It Campaign calls on Kraft Foods to take responsibility for its packaging waste and package Capri Sun and other products in reusable, recyclable, or compostable packaging.
Quality of Corporate Engagement Improved Since Dodd-Frank (05/03)
A new report from the Investor Responsibility Research Center Institute and Institutional Shareholder Services concludes that both investors and companies are more satisfied with engagement since say on pay rules were issued.
Corporations Lagging in Sustainability Efforts (05/02)
In a follow-up to their 2012 report on corporate sustainability, Ceres and Sustainalytics reiterate that major US corporations are failing to keep pace with urgent environmental and social challenges.
Sister Patricia Daly Honored for Shareowner Advocacy (05/01)
The Executive Director of the Tri-State Coalition for Responsible Investment and longtime member of the Interfaith Center on Corporate Responsibility receives the Joan Bavaria award from Ceres for advocacy on behalf of environmental justice.
Supreme Court Upholds EPA Ruling on Coal Pollution (04/30)
The 6-2 decision upholds the Agency's authority to regulate pollution from coal-fired power plants, and is the second court decision in two weeks that supports environmental regulations.
NRDC Teams with Investment Firms to Offer Fossil Fossil Fuel Free Equity Index (04/29)
The Natural Resources Defense Council joins BlackRock and FTSE Group to launch a equity global index series that excludes companies engaged in exploration, ownership, or extraction of carbon-based fossil fuel reserves.
Investors Mark Anniversary of Rana Plaza Tragedy (04/25)
A coalition of institutional investors organized by the Interfaith Center on Corporate Responsibility issue a statement calling on apparel brands and retailers to ensure that the human rights of workers in supply chains are being honored.
Automated Financial Reporting for CDFIs Launched (04/24)
The CDFI Assessment and Ratings System developed by CARS allows community development financial institutions to share quarterly performance data with their investors.
Google Facing Several Resolutions on Corporate Governance (04/22)
The tech giant's 2014 proxy statement reads like a compendium of corporate governance issues. Second of a two-part series.
Resolution Calls for Transparency in Lobbying Expenditures by Google (04/21)
Filed by Walden Asset Management and other sustainable investment organizations, the resolution documents a 250% increase in lobbying expenditures by Google in the last five years. Part one of a two-part series.
ICCR Writes to Bank of America on Financing Fossil Fuels (04/19)
A letter signed by 50 institutional investors accompanies a shareowner resolution filed by an ICCR member, requesting that Bank of America report on its financing of greenhouse gas emissions.
Canadian Investors Issue Climate Change Policy Statement (04/12)
The Responsible Investment Association calls on the federal and provincial governments of Canada to develop policies that will encourage a transition to a low-carbon economy.
Clean Energy Bond Act Introduced in Congress (04/11)
The Clean Energy Victory Bonds Act of 2014 is modeled after the Treasury Bonds issued in the 1940s to support the World War II effort.
Harvard Joins Principles for Responsible Investment (04/10)
Harvard's endowment is the first in the United States to join the global network of sustainable investors; the university also announces it will report its greenhouse gas emissions to the CDP.
Sustainable Investors Mostly Quiet on McCutcheon vs. FEC (04/07)
The most recent evisceration of campaign finance laws may not be the Supreme Court's last, emphasizing the critical need for regulation and redoubled efforts on political spending disclosure.
First Ranking of Corporate Sustainability in Colombia Published (04/05)
The ranking of the 20 most sustainable companies operating in Colombia uses research framework and methodology developed by Sustainalytics.
Investors Call for Sustainability Reporting by Small-Cap Companies (04/04)
A shareowner resolution from Walden Asset Management, part of a sustainable investor initiative, wins significant support at the annual general meeting of CLARCOR.
Dare We Celebrate Exxon Agreeing to Report on Fracking Risks? (04/03)
As You Sow and the New York City Pension Funds withdraw resolution when Exxon agrees to increased transparency days after the oil and gas company issues disappointing report on stranded assets.
Stock Exchanges to Study Sustainability Reporting Standards (04/02)
The World Federation of Exchanges forms a sustainability working group to study environmental, social, and corporate governance (ESG) disclosure, and a coalition led by Ceres announces an initiative to engage global stock exchanges on the issue.
Disclosures by Fracking Companies Still Poor (04/01)
Research commissioned by the Principles for Responsible Investment reveals that oil and gas companies engaged in hydraulic fracturing fail to adequately disclose risks associated with the practice.
Another Win for Climate Change Mitigation (03/28)
As You Sow withdraws shareowner resolution at Southern Company after the utility agrees to report on integrating renewable energy into its business operations.
News Briefs for March 26th (03/26)
Trillium Asset Management withdraws shareowner proposal on political spending at Hess, and Calvert Investments wins Lipper Fund Award.
Literature and Climate Change (03/25)
In which this writer turns to a writer of creative literature for inspiration and understanding in considering the climate crisis.
Tullow Oil Expands Disclosure of Payments to Governments (03/24)
The voluntary disclosure of payments on a project level is the first by an oil and gas company, and comes while the American Petroleum Institute seeks to weaken a proposed Securities and Exchange Commission rule on payments to governments.
Investors Protest Corporate Lawsuits Against Shareowners (03/22)
A coalition of investors led by NorthStar Asset Management writes to four companies that have sought to bypass regulatory system by bringing lawsuits against shareowners for resolutions they filed.
ExxonMobil to Report on Stranded Assets (03/21)
A shareowner resolution is withdrawn by As You Sow after Exxon agrees to becomes the first oil and gas company to report on the impacts of unburnable carbon assets on its business model.
News Briefs for March 20th (03/20)
Green Century Capital Management releases an animated fossil fuel free investing video, and Community Capital Management announces the launch of the CCM Alternative Income Fund.
Trillium Withdraws Diversity Proposal at Wabtec (03/19)
The resolution, which called for a policy emphasizing board diversity at the locomotive and train car components manufacturer, is one of a number withdrawn by Trillium this proxy season.
CDFIs Pledge $1 Billion to Support My Brother's Keeper (03/17)
Opportunity Finance Network launches campaign for $1 billion annually in new financing by community development financial institutions, to benefit low-income, low-wealth, and other disadvantaged communities across America.
Massachusetts Court Upholds Corporate Governance Proposal (03/13)
Denied a no-action letter by the SEC on a shareowner resolution calling for an independent chair, EMC turns to the courts instead and fails.
Book Review: Green Investing: More Than Being Socially Responsible, by J. Patrick Costello (03/10)
The author, a Certified Financial Planner, provides both financial justification for the practice of sustainable investment as well as a primer on investing for the typical investor.
Profit or Health in the Trans-Pacific Partnership? (03/07)
Members of the Interfaith Center on Corporate Responsibility warn US trade negotiator against expanding tobacco sales and increasing intellectual property rights for medicine.
European Energy Companies Failing to Adapt (03/05)
A report from Greenpeace cites analysts who find that to maintain even diminished profits, the largest European Union utilities will have to shut down most of the fossil fuel capacity added in the last ten years.
EPA Finalizes Emissions Rules for Cars (03/03)
The Agency's final standard will reduce the sulfur content of gasoline beginning in 2017, as well as lead to significant reductions in pollutants such as ozone, particulate matter, and air toxics.
More than 120 Companies Adopt Political Disclosure (02/28)
The Center for Political Accountability announces that 122 companies have adopted political transparency and accountability as a result of agreements with the organization and its investor partners.
Investors Warned Again of Risks in Arctic Drilling (02/26)
A coalition of nonprofit organizations releases a report for institutional investors detailing the considerable financial, environmental, and social risks associated with Shell's plans to drill for oil in the waters of the US Arctic.
Is 2014 the Year for Green Bonds? (02/25)
As You Sow hosts a webinar exploring the role of green bonds in the transition to a low-carbon economy.
US SIF Publishes Political Spending Guide for Investors (02/24)
Confronting Corporate Money in Politics focuses on using the proxy ballot to advocate for transparency in corporate political spending and lobbying expenditures.
JPMorgan Agrees to Report on Governance and Risk Management (02/22)
After engagement with the bank, members of the Interfaith Center on Corporate Responsibility withdraw resolutions addressing risk mitigation efforts and separating the positions of Board Chair and CEO.
Shareowners Continue Efforts to Limit Corporate Political Spending (02/21)
Sixty institutional investors file 48 shareowner resolutions calling on corporations to report on federal and state lobbying expenditures, including payments to trade associations.
Kellogg's Commits to Deforestation-Free Palm Oil (02/20)
Green Century Capital Management withdraws shareowner resolution after the food processing company agrees to source only deforestation-free palm oil by next year.
Divest or Engage Meets the Capital Markets (02/19)
Investors aligned with Ceres with Ceres file ten resolutions addressing stranded fossil fuel assets, and Green Century Capital Management announces its Equity Fund will become fossil free.
Kerry Denounces Complacency on Climate Change Action (02/18)
In a speech in Indonesia, the Secretary of State describes that country as one of the most vulnerable to the effects of climate change, and calls for a global commitment to reducing greenhouse gases.
ICCR Publishes 2014 Proxy Resolutions and Voting Guide (02/15)
The number of shareowner resolutions addressing environmental health filed by members of the Interfaith Center on Corporate Responsibility in 2014 increases sharply over 2013, reflecting the urgency of action on climate change.
SEC Action on Corporate Climate Disclosure Inadequate (02/13)
Four years after the Commission issued interpretive guidance on climate change disclosure, the quality of corporate reporting remains low, according to a report from Ceres.
Community Capital Management Publishes First Impact Report (02/11)
The Florida-based fixed-income investment adviser reports on its use of proceeds and the social programs financed by its investment activities.
Book Review: Trusting Harvard: The Cost of Unprincipled Investing, by Robert A.G. Monks and Marcy Murninghan (02/08)
Two notable advocates for the practice of sustainable investment—both graduates of Harvard themselves—address the discrepancies between the university's academic mission and the investment policies of its endowment.
Hershey Exceeds Target for Sourcing Sustainable Cocoa (02/07)
Shareowner engagement by members of the Interfaith Center for Corporate Responsibility helps the Hershey Company exceed its commitment to ensuring that 10% of its cocoa supply would be certified by 2013.
Investors Renew Efforts to Improve Fracking Accountability (02/06)
Ceres publishes a report on hydraulic fracturing in water-stressed regions, and five shareowner resolutions filed this year address water and other risks associated with fracking.
Investors Push Emerson Electric on Sustainability Reporting and Relationship with ALEC (02/04)
For the fifth consecutive year, Walden Asset Management requests that company report on sustainability while two more shareowner resolutions request transparency on political spending and lobbying.
Environmentalists Wait for Obama Decision on Keystone Pipeline (02/01)
Following a State of the Union Address in which natural gas exploration was cited as a response to climate change, the State Department publishes its assessment of the controversial Keystone XL Pipeline.
Climate Change Takes the Stage at Davos (01/30)
A high-profile panel convenes at the annual World Economic Forum meeting to discuss the negotiation of an international climate change treaty and how to end extreme poverty.
Sustainable Investment Helps Support Missions of Foundations (01/27)
Finding that relatively few foundations manage their assets according to sustainable investment strategies, the US SIF Foundation publishes a guide to help them do so.
ICCR Members Challenge Banks on Ethics and Emissions (01/25)
A perusal of shareowner resolutions filed by members thus far reveals requests that banks report on emissions in their lending portfolios and on how to ensure an end to unethical business activities.
No More Gestation Crates, Tyson Foods Tells Farmers (01/24)
Green Century Capital Management and co-filers withdraw shareowner resolution after world's largest meat processor asks contract farmers to improve housing standards for pigs.
How to Fund Clean Energy Investment (01/23)
A report released by Ceres at the recent Investor Summit on Climate Risk suggests that the responsibility for scaling up clean energy finance to the necessary level is shared by institutional investors, banks, and policymakers. Third in a three-part series.
Climate Summit Press Conference Focuses on Policy and Fiduciary Duty (01/21)
Prominent representatives of government, business, and institutional investment meet with journalists to discuss strategies for increasing climate finance. Second of a three-part series.
Institutional Investors Meet to Discuss Climate Finance (01/17)
At a conference hosted by Ceres at the United Nations, 550 institutional investors hear climate scientist Rosina Bierbaum describe the effects of climate change that are already underway. First of a three-part series.
Banks Announce Support for Green Bond Principles (01/14)
Thirteen investment banks indicate their support for a measure designed to ensure transparency, disclosure, and integrity in the development of a more robust green bond market.
Goldman Sachs Exits Coal Terminal Investment (01/13)
BankTrack and the Rainforest Action Network applaud the investment bank's decision to withdraw from funding a proposed coal export terminal at Cherry Point, Washington.
Genocide-Free Proposal to Stay On Proxy Ballot at Franklin Templeton (01/11)
After the SEC rules against Franklin Templeton's request to have the resolution omitted, Investors Against Genocide will return to the mutual fund family's next annual meeting and renew call for a genocide-free investment policy.
Evaluate Public Policies on Climate, Investors Tell Energy Companies (01/09)
Building on its efforts to pressure corporations to report on greenhouse gas emissions strategies, the Raising the Bar investor initiative requests that energy companies review lobbying policies relating to climate legislation.
Top Sustainable Investment Stories for 2013 Part 3 (01/08)
Divest or engage? Sustainable investors have wrestled with arguments of divestment versus engagement, and many have concluded that engagement provides them with the better opportunity to pressure fossil fuel companies to change their behaviors. Meanwhile, sustainable investment firms such as Green Century Capital Management and Trillium Asset Management have been offering fossil free investment opportunities for years.
Top Sustainable Investment Stories for 2013 Part 2 (01/07)
Sustainable shareowners request that fossil fuel companies report on financial impacts of having to leave in ground a majority of reserves on their books if climate change is to be addressed.
Top Sustainable Investment Stories for 2013 Part 1 (12/31)
As the daily mean concentration of carbon dioxide in the atmosphere surpasses 400 parts per million for the first time in three million years, the Intergovernmental Panel on Climate Change emphasizes tha human activity is responsible for climate change.
Using Science to Set Emissions Targets (12/27)
Climate Counts and the Center for Sustainable Organizations rank 100 companies within the context of climate science and find that nearly half are rated as sustainable.
Improved Corporate Communication Key to Long Term Investment (12/23)
Based on consultations with investors and companies, a new paper finds little support for the concept of loyalty-driven securities, but investors agree on the importance of long-term investment horizons.
NGOs Condemn Chevron for Assaults on Free Speech (12/20)
Following the most recent of Chevron's legal maneuvers to avoid responsibility for environmental damage in Ecuador, a group of nongovernmental organizations publish an open letter condemning its tactics.
Index Ranks Climate Change Preparedness of Nations (12/19)
The annual Notre Dame Global Adaptation Index finds that the world's poorest countries are more than a century behind their developed nation counterparts in adapting to climate change.
Book Review: Engaging Outraged Stakeholders (12/17)
The three authors, who are executives with the nonprofit organization Future 500, counsel for a dispassionate approach to problem solving when corporations and civil society organizations meet.
Volcker Rule Is Finalized (12/14)
After delays that gave rise to fears of gaming by banking industry lobbyists and led to a lawsuit by Occupy SEC, federal regulators finally issue final rules implementing the Volcker Rule.
More Environmental Risks for Fracking Operations (12/13)
A report by the Environmental Integrity Project warns that construction or expansion of more than 90 natural gas power plants could increase greenhouse gas emissions by 91 million tons.
At-Risk Industries Urged to Address Human Trafficking in Supply Chains (12/11)
The Interfaith Center on Corporate Responsibility announces that members will engage with companies in the food-agricultural and hospitality sectors to ensure that human rights in supply chains are being met.
Nelson Mandela (12/09)
Not only was the late South African leader an icon for international justice and peace; his struggles against apartheid have had a lasting impact on the quest of sustainable investors for social justice in capital markets.
Divest or Engage a Serious Question for More than Investors (12/06)
UK think tank Meteos convenes an investor dialogue on risks to energy holdings and recommends more analysis of the effects of climate change mitigation on stranded fossil fuel assets.
How Walmart Can Pay Employees a Living Wage (12/03)
Just in time for the holiday season, Demos explains that wage increases instead of stock buybacks can provide living wages for Walmart’s employees without resorting to price increases.
Fossil Fuel Subsidies Average $112 per Adult (11/29)
A new report on subsidies by the Overseas Development Institute recommends that they be phased out globally by 2025 in order to encourage investment in renewable energy.
Mutual Fund Support for Political Spending Resolutions Inches Upward (11/27)
The Center for Political Accountability and Fund Votes release their yearly analysis of voting on resolutions addressing disclosure of political spending by corporations.
EIRIS to Create Sustainable Index for Turkish Stock Exchange (11/25)
The agreement with Borsa Istanbul follows the London-based sustainable investment research firm's finding that companies in emerging markets with sustainable stock exchanges outperform their peers.
Investors Call for Improved Disclosures by Operators of Wood-Burning Power Plants (11/22)
A report by the Partnership for Policy Integrity challenges claims of carbon neutrality by three companies with bioenergy operations, and 15 fifteen investors call on the Securities and Exchange Commission to review disclosures by the companies.
US Banks Rank Poorly on Indicators of Concern to Sustainable Investors (11/21)
The Interfaith Center on Corporate Responsibility and Sustainalytics rate seven major US banks on four key performance indicators relating to sustainability and corporate responsibility, finding significant room for improvement.
Shareowners Opt for Engagement to Press Chevron on Corporate Governance (11/19)
Shareowner advocate Simon Billenness updates SocialFunds.com on judgment against Chevron in Ecuador, and explains why engagement with fossil fuel companies is more effective than divestment.
Sustainable Stock Exchanges can Influence Corporate ESG Performance (11/18)
EIRIS publishes results of interviews with 11 stock exchanges and finds that helping investors engage with companies on sustainability issues is a key motivating factor.
$10 Million Investment to Prevent Coffee Rust (11/13)
A coalition including Green Mountain Coffee helps fund Root Capital's Coffee Farmer Resilience Initiative, which seeks to stabilize supply chains by battling the coffee leaf rust fungus in Central America.
Shareowner Engagement yet to Convince Frackers to Disclose (11/11)
A group of sustainable institutional investors issues a report on the hydraulic fracturing industry that reveals companies are failing to disclose impacts on communities and the environment from their operations.
Banks to Receive Guidance on Reporting Emissions in Lending (11/07)
Only six percent of major financial institutions report on emissions associated with lending and investments, so guidance is being developed to help them do so.
Investors Call on Fossil Fuel Companies to Account for Stranded Assets (11/06)
Seventy institutional investors with more than $3 trillion in assets under management request that 45 companies report on unburnable fossil fuel assets in advance of 2014 proxy season. Third of a three-part series.
Latin American Sustainable Investment Forum Is Launched (11/02)
The Colombian Securities Exchange, Sustainalytics, and Deloitte drive the formation of the regional network which aims to increase collaboration and enhance knowledge relating to sustainable investment.
As Fossil Fuel Divestment Grows, Cleantech Offers Opportunities for Investors (11/01)
As You Sow teams with Kachan & Co. and the Responsible Endowments Coalition to outline opportunities for investors in cleantech. Second of a three-part series.
Fossil Fuel Divestment only the First Step (10/29)
Investors join 350.org to produce a guide on divesting from fossil fuel companies. First of a three-part series.
Resource Addresses Human Trafficking in Corporate Supply Chains (10/23)
The Know the Chain initiative, whose investor partners include the Interfaith Center on Corporate Responsibility and the Responsible Sourcing Network, seeks to document corporate compliance with California's new law governing human trafficking.
Shareowners Call for Independent Chair at Twenty-First Century Fox (10/21)
A resolution co-filed by Christian Brothers Investment Services and the British Columbia Investment Management Corporation is supported by two-thirds of independent shareowners, but the company's dual-class stock structure insulates Rupert Murdoch from a majority vote.
Coalition of Brands and Retailers Refuse to Source Uzbek Cotton (10/15)
The Responsible Sourcing Network announces that recent signatories to the Company Pledge Against Forced Child and Adult Labor in Uzbek Cotton bring to 136 the number of companies refusing to knowingly source cotton harvested by child labor.
Community Capital Management Commits $200 Million to Community Development (10/12)
The fixed income investment advisory firm announces its first Clinton Global Initiative America commitment, and will invest at least $200 million over the next year to help revitalize low-income communities.
Stay out of GMO Fight, Shareowners Tell Food Companies (10/11)
Investors file resolutions with many food and biotech companies, warning them of reputational consequence of donating to defeat a ballot initiative in Washington State calling for labeling of food products containing genetically modified organisms.
Shareowners Question FedEx over Washington Redskins (10/08)
A floor resolution at the company's annual meeting cites global human rights standards in asking for a report on the impact of ending a business relationship with the NFL team over racist nickname.
Engage or Divest? (10/07)
As college students continue their campaign for divestment from fossil fuel companies, Northstar Asset Management debunks estimates of the cost of the investment strategy and questions whether shareowner engagement can be effective.
The State of Shareowner Engagement in Europe (10/04)
Eurosif reports on investor engagement with corporations in Europe and finds that engagement on environmental, social, and corporate governance issues is steadily increasing.
New Edition of Corporate Political Spending Index Published (10/02)
The third annual edition of the CPA-Zicklin Index of Political Accountability and Disclosure documents improvements in disclosure of political spending by corporation.
CDFI Fund Awards over $172 Million to Community Development Financial Institutions (10/01)
191 community development financial institutions will use awards from US Treasury's Community Development Financial Institutions Fund to provide lending and investments in low-income and economically distressed communities.
Will Governments Act on the Basis of Scientific Consensus? (09/28)
The Intergovernmental Panel on Climate Change publishes the first section of its Fifth Assessment Report, which asserts with even greater emphasis that climate changed is caused by human activity.
New Stock Indexes Champion Sustainability (09/27)
The United Nations Global Compact creates an index of 100 companies adhering to its principles, and STOXX launches two indexes using key performance indicators developed by Axel Hesse.
As You Sow Engages with Food Companies on Packaging (09/25)
The advocacy group succeeds in convincing McDonald's to end the use of environmentally destructive polystyrene foam cups, but decides to resubmit a shareowner resolution with General Mills after engagement over post-consumer packaging fails to lead to agreement.
Sustainable Investors Applaud SEC Rules on Executive Compensation (09/24)
A proposed amendment to existing rule will require corporations to compare CEO pay with the average compensation of all other employees.
Mutual Fund Challenged over Proxy Voting on ESG Issues (09/23)
Zevin Asset Management files a shareowner resolution at Franklin Resources, requesting that the mutual fund company report on proxy voting policies relating to environmental and social issues.
EPA Proposes Limits for Power Plant Emissions (09/21)
The standards, which will limit emissions by new power plants, are praised by investors and corporations, and assailed by the Senate Minority Leader and the Chamber of Commerce.
South Africa a Global Leader in Sustainable Investment (09/19)
Investment research by SinCo informs a new report on global best practice guidebook on sustainable investment and the incorporation of ESG factors by pension funds.
Three Community Lenders Awarded $8.25 Million (09/18)
Opportunity Finance Network presents the 2013 Wells Fargo NEXT Awards for Opportunity Finance to three community lenders for their pioneering strategies for financial products and services in low-income communities.
Entrepreneurs to Advertise for Investment through Crowdfunding (09/17)
SocialFunds.com talks with Judd Hollas of EquityNet about the implications of a change in SEC rules that will allow small businesses to advertise to accredited investors for capital.
Occupy Movement to Rally for a Robin Hood Tax on Financial Transactions (09/16)
On the second anniversary of the movement's birth, protestors will march on Chase Manhattan Bank and call for a financial transaction tax to raise funds for social programs.
CDP Report on Global 500 Emissions Is Published (09/14)
The report finds that the average emissions of the 50 heaviest emitters among the world's largest companies have actually increased since 2009.
Bank of America a Corporate Sustainability Leader? (09/13)
S&P Dow Jones Indices announces that Bank of America will be added to its influential sustainability indexes despite the bank's continuing financial support of the coal industry.
Chevron Drops Damage Claims Against Ecuadorians (09/12)
The oil company also requests that Judge Lewis Kaplan and not a jury decide its RICO lawsuit, and that defendants be barred from introducing evidence of environmental destruction in Ecuador.
Shell Fined $1 Million for Clean Air Act Violations in Arctic (09/10)
The Environmental Protection Agency finds the company violated its Clean Air Act permits in the Arctic after encountering operational challenges with its two drilling rigs.
Corporate ESG Performance in Hong Kong and China Stagnant (09/09)
Asian research provider RepuTex-ESG analyzes the ESG performance of companies on the Hang Seng Corporate Sustainability Index Series and finds it basically unchanged from 2012.
Governments Overestimate Levels of Sustainable Development (09/06)
By failing to account for materials extraction through international trade, developed nations provide a misleading picture of raw materials use.
Global Impact Investing Network Publishes Guide to ESG Metrics for Investors (09/05)
The Impact Reporting and Investment Standards (IRIS) is a set of metrics designed to evaluate both a corporation's financial performance and its environmental, social, and governance impacts.
Bank of America Bankrolls Coal India Despite Poor ESG Performance (09/04)
Bank of America and Goldman Sachs are among the foreign banks selected by the government of India to sell a stake in the world’s largest coal company, despite Bank of America's statements of commitment to sustainability.
Corporate Sustainability Leaders Report Business Benefits (09/03)
A survey of sustainability heads by the UK-based Verdantix indicates that most have achieved cost savings and almost half expect to increase spending on product sustainability
As Consumption Declines, Water Utilities Need New Pricing Models (08/31)
A report from Ceres and the University of North Carolina reveals that the current pricing models used by water utilities are inadequate at a time when they face considerable infrastructure costs.
Alliance Trust Investments Measures Carbon Footprints of its Funds (08/29)
The UK investment firm’s analysis reveals that three of its sustainable equity funds emit less than half the carbon dioxide of their benchmarks.
Sustainable Investment Firms Comment on Fed Plan to Ease Stimulus (08/28)
The Appleseed Fund expresses some skepticism of the Federal Reserve's optimistic outlook, while Green Century Capital Management highlights the World Bank Green Bonds as part of a diversified portfolio.
Community Investment Practitioners Urged to Diversify Approaches (08/27)
A new report published by US SIF notes barriers to increased community investment but finds that the industry is poised for expansion if practitioners can diversify products and marketing.
Investors More Comfortable Assessing Climate Change Risks than Opportunities (08/23)
In its third annual survey, the Global Investor Coalition on Climate Change reports that assessing climate risk has become commonplace among institutional investors, but government inaction and other barriers continue to hinder a transition to low carbon investment.
German Stock Exchange 100th Business to Join Integrated Reporting Pilot (08/22)
The International Integrated Reporting Council announces that Deutsche Börse Group is the first stock exchange to join its pilot program in integrated reporting.
Record Number of Sustainability Resolutions in 2013 (08/21)
In its overview of the 2013 proxy season, Ceres reports that 40% of all resolutions filed address environmental and social issues, and that 40 of the 110 such resolutions were withdrawn.
Impact Economy Produces Analysis of Impact Investing (08/20)
The authors identify trends that are likely to encourage an increase in impact investing, but fail to distinguish the definition for it from that of sustainable investing.
Tyson Shareowners Call for Humane Treatment of Animals (08/19)
Green Century Capital Management is co-filer of a resolution requesting that meat processing company report on risks associated with the use of gestation crates for pigs.
Shareowner Support for Environmental and Social Resolutions at a Ten-Year High (08/16)
Jackie Cook of Fund Votes summarizes the 2013 proxy season and notes strong support for shareowner resolutions across the environmental, social, and corporate governance spectrum.
US SIF Offers Guides on Climate Change Investment for Retail and Institutional Investors (08/15)
Warning of the urgent crisis that is climate change, the guides provide basic information on voting proxies, filing shareowner resolutions, and public policy advocacy.
Ceres Publishes Blueprint for Sustainable Investment (08/14)
In The 21st Century Investor, Ceres outlines how investors can help transform the global economy into one in which sustainability is the central concern. Second of two parts.
Another Majority Vote for Political Spending Disclosure (08/13)
A 65% vote by shareowners in favor of increased transparency on lobbying expenditures by Alliant Techsystems follows an even higher vote for a similar proposal at CF Industries.
Investors Renew Call for Genocide-Free Investing at ING (08/12)
More than a year has passed since a majority of shareowners supported a resolution sponsored by Investors Against Genocide, but the financial services firm continues to refuse to implement a genocide-free investment policy.
Ceres, ICCR Offer Guidance for Sustainable Investing (07/02)
The Interfaith Center on Corporate Responsibility provides insights for investors on climate change, and Ceres issues a blueprint for investors seeking to incorporate sustainability into their decision making. First of two parts.
Boston Common Asset Management Receives Business Leader in Human Rights Award (06/29)
The sustainable investment firm is honored by the Political Asylum/Immigration Representation Project for promoting attention to human rights issues in the corporate sector.
Major Cities Adapting to Climate Change (06/28)
A report by the Carbon Disclosure Project and the C40 Cities Climate Leadership Group reveals that many of the world’s largest cities have launched energy efficiency and other initiatives to lessen the effects of climate change.
Obama Directs EPA to Use Clean Air Act to Regulate Emissions (06/26)
Acknowledging that Congress is likely to persist in failing to act on climate change, the President decides that executive action is needed to address a growing crisis whose effects are already being felt.
Hundreds of Small Businesses Sign Climate Declaration (06/24)
During the recent Small Business Week in Washington DC, the American Sustainable Business Council and Business for Innovative Climate and Energy Policy announce that 364 small businesses from 47 states have joined the call for lawmakers to act on climate change.
Investor Coalition Holds First Global Forum on Climate Change (06/20)
The Global Investor Coalition on Climate Change, a network of four regional climate change investor groups, holds its first meeting in Hong Kong and launches an action plan to facilitate low-carbon investment.
Genocide-Free Shareowner Proposal Gains Strong Support at Fidelity Investments (06/19)
Investors Against Genocide continues its campaign to pressure mutual funds and other financial institutions into adopting genocide-free investment policies.
In China, Worsening Pollution or Sustainable Development? (06/10)
The 2013 report by the China Greentech Initiative warns that despite increasing investment in cleantech, China continues to be plagued by severe environmental problems.
Gulf Persists Between Corporate Sustainability Claims and Performance (06/07)
Sixty percent of corporate respondents to an oekom research survey suggest that rating agencies and sustainable investors influence strategy.
Revised Equator Principles Fall Short, BankTrack Says (06/05)
The third version of the Equator Principles fails to adequately safeguard community rights while continuing to allow signatory banks to fund high impact sectors such as coal and tar sands.
Coalition of Investors Voices Support for Conflict Minerals Rule (06/03)
Expressing their disagreement with a lawsuit filed by the US Chamber of Commerce and industry trade groups, the group states that improved disclosure and reporting on social risk factors will protect investors.
Investors Square Off with Chevron CEO at Shareowner Meeting (06/01)
Shareowner advocate Simon Billenness cites the company's $19 billion legal quagmire in Ecuador in requesting a lower threshold for calling special meetings while Atossa Soltani of Amazon Watch is ejected from meeting at request of CEO John Watson.
Threatened by Climate Change, Ski Industry Joins Call for Effective Policies (05/30)
More than 100 US ski resorts sign the Climate Declaration of Ceres, calling for a coordinated effort to combat climate change threatening the winter sports industry.
Effective Policy Will Drive Investment in Energy Efficiency (05/28)
A report from Ceres and the Investor Network on Climate Risk calls for policies that will encourage institutional investors to invest in energy efficiency projects.
How Not to Endear Yourself to Shareowners (05/25)
Range Resources attacks Trillium Asset Management for requesting that it report on fugitive methane emissions, and Urban Outfitters seeks to address diversity concerns by appointing the wife of the CEO to the board.
High Profile Proxy Season Reveals the Plumbing (05/24)
A proxy distribution service abruptly reverses policy and refuses shareowner access to preliminary vote totals at JPMorgan Chase, and Institutional Shareholder Services settles charges that an employee sold voting data.
JPMorgan Shareowners Vote on Corporate Governance and Genocide-Free Investing (05/22)
A resolution calling for the separation of the positions of board chair and CEO gains the votes of one-third of the bank's shareowners, while support for a genocide-free investing proposal increases.
Chevron Continues to Misrepresent Ecuador Judgment, Updated Report Says (05/20)
Attorney Graham Erion updates his 2012 report on misrepresentations made by Chevron to investors regarding the $19 billion judgment against it for environmental destruction in Ecuador.
Investors Call on Corporations to Ensure Worker Safety in Bangladesh (05/18)
Two coalitions of investors pressure clothing retailers to join the Accord on Fire and Building Safety in Bangladesh, whose 40 signatories include only two companies headquartered in the US.
First Carbon Bubble Resolution Wins Strong Support at CONSOL Energy (05/16)
Twenty percent of shareowners support an As You Sow request that the company report on the financial risks associated with having to leave most of its coal reserves in the ground.
Shareowners Re-file Governance Resolutions at News Corp (05/15)
Christian Brothers Investment Services and the British Columbia Investment Management Corporation request separation of positions of board chair and CEO, while the Nathan Cummings Foundation calls for elimination of the media company's dual-class share structure.
Emerging Markets to be Focus of Socially Responsible Investing 3.0 (05/14)
A new report argues that evolving climate finance mechanisms will be among the drivers to increase the practice of sustainable investment in emerging market nations.
Three Million Years Later, 400 Parts per Million of CO2 in Atmosphere (05/13)
Daily concentrations of carbon dioxide in the atmosphere pass the 400 parts per million threshold, foretelling severe effects from climate change if a long-overdue reversal of the trend does not occur.
Report Touts Inclusive Business as Means for Reducing Poverty in Africa (05/10)
The African Facility for Inclusive Markets calls on diverse stakeholders to help create appropriate conditions for the growth of inclusive business in Africa and bring the benefits of economic growth directly to the poor.
Biggest Corporate Political Spenders Face Resolutions (05/09)
Bank of America, Chevron, ExxonMobil and 3M all face shareowner resolutions requesting that they refrain from using corporate treasuries for political donations.
Resolution Calls on CONSOL Energy to Report on Stranded Assets (05/08)
Up to 80% of known fossil fuel reserves will have to stay in the ground if climate change is to be addressed, and As You Sow requests that the coal producer report on the risks of stranded reserve and infrastructure assets.
Loopholes in Commitments to Human Rights by US Businesses, UN finds (05/06)
While the US Government has committed to the UN Guiding Principles on Business and Human Rights, the UN Working Group on business and human rights finds that US companies fall short of standards.
More than $90 Million Invested in SJF Ventures Fund (05/04)
SJF Ventures, a sustainable venture capital partnership, conducts the final closing of its SJF Ventures III fund with more than $90 million in equity investments in cleantech and technology-enhanced services.
State Department Assessment of Keystone Pipeline Insufficient, EPA states (05/03)
Commenting on a State Department review of the controversial Keystone XL pipeline, the Environmental Protection Agency criticizes its findings on greenhouse gas emissions and pipeline spills.
US Banks Continue to Finance Coal (05/01)
Despite the coal industry's leading impact on climate change and the bankruptcies of several operators of coal-fired power plants, US banks continue to finance mountaintop removal and the construction of new plants.
Avon Challenged to Remove Toxins from Cosmetics (04/30)
Shareowners will vote this week on a resolution by Green Century Capital Management that follows the introduction in Congress of the Safe Cosmetics and Personal Care Products Act of 2013.
Cisco, Google Share Top Spot on Cool IT Leaderboard (04/29)
The sixth edition of the Greenpeace ranking of companies in the information technology sector focuses on political advocacy for effective climate change legislation.
Price Externalities, Report Tells Companies and Investors (04/26)
A new analysis from Trucost estimates that unpriced externalities cost the global economy at least $7.3 trillion per year, and finds that no companies in high impact sectors would be profitable if they had to account for environmental costs.
Investors Want Baby Formula Free of GMOs (04/25)
As the use of genetically modified organisms in food products becomes increasingly controversial in the US, As You Sow introduces a shareowner resolution requesting that Abbott Laboratories remove GMOs from infant formula.
Investors Call for Meaningful Immigration Reform (04/23)
A coalition of investors associated with the Interfaith Center on Corporate Responsibility call for immigration reform that includes a pathway to legal status and protects the rights of immigrants in US workplaces.
Subsidizing Fossil Fuels Hinders Investment in Renewables (04/22)
A paper from the Overseas Development Institute calls for an end to fossil fuel subsidies in order to help mobilize private investment in climate-compatible development in developing nations.
INCR Propose Listing Standards for Stock Exchanges (04/19)
Drawing upon dialogues with NASDAQ and other stock exchanges, INCR produces a consultation paper recommending the integration of sustainability disclosure requirements into listing rules.
US SIF Launches Online Course on Sustainable Investment (04/18)
The Forum for Sustainable and Responsible Investment launches the Center for Sustainable Investment Education and the first online course offering of its kind in the US.
Paper Cited as Support for Austerity Is Wrong, Researchers Find (04/17)
A 2010 academic paper warning of the consequences of high debt was cited by Representative Paul Ryan and others as justification for austerity measures, but a new analysis of the paper's findings reveals that mistakes undermine its conclusions.
Shareowners Call for a Vote in Favor of Good Governance at JPMorgan (04/15)
In a letter to the bank's shareowners, the American Federation of State, County & Municipal Employees and its co-filers argue for support for their resolution calling for separation of the positions of Chair and CEO.
Climate Principles Issues Best Practices for Hydraulic Fracturing (04/13)
Guidelines for financiers of hydraulic fracturing published by the European Climate Principles add to calls for greater transparency by companies engaged in the practice.
Businesses Join Call for Climate Legislation (04/11)
Thirty-three companies join Ceres and its BICEP coalition in signing the Climate Declaration and calling on Congress to finally pass strong climate legislation.
Financial Firms Agree to Disclose Diversity Information (04/10)
The New York City Pension Funds have reached agreement with three financial companies that will make public their EEO-1 data on diversity.
EU Mandates Disclosure of Payments to Governments (04/09)
Transparency International says that with the European mandate joining rules enacted by the Securities and Exchange Commission in the US, 90% of companies in the extractives industries will be required to disclose payments to governments.
From Divestment to a Sustainable Investment Strategy (04/08)
The authors of Crossing Thresholds: From Fossil Fuel Divestment to Sustainable Investment argue for the inclusion of environmental and social thresholds in investment decision-making and corporate management.
Bankrolling the Dismantling of the Volcker Rule (04/05)
Despite a Senate report finding that JPMorgan's London Whale losses would have been prohibited by the Volcker Rule, members of a House Committee take bank contributions and vote to advance a bill that would allow taxpayer bailouts of too big to fail banks.
On Divestment and a Portfolio Free of Fossil Fuels (04/05)
The debate over the investment implications of divestment continues, but the Green Century Balanced Fund has a carbon footprint less than half that of the S&P 500 without sacrificing financial returns.
Investors Want Better Disclosure from Municipal Water Utilities (04/02)
Basing their requests on a framework developed by Ceres, 12 investors write to the National Federation of Municipal Analysts, asking for improved disclosure to ensure that all material information is provided.
End in Sight for Too Big to Fail? (04/01)
Senators Sherrod Brown and Bernie Sanders each pursue legislative initiatives to end the economic advantages of the nation's largest banks and force them to break up.
Twenty Years on, Corporate Sustainability Still Lacking (03/30)
In its annual rating of the sustainability performance of the world's largest companies, oekom research finds that only one in six demonstrate adequate commitment.
Root Capital Surpasses $500 Million in Lending to Agricultural Businesses (03/28)
Helping to address a need that has been estimated at $450 billion, the agricultural lender anticipates $1 billion in loans over the next five years to small agricultural businesses in developing nations.
Investors Support Launch of Access to Nutrition Index (03/27)
Representing $2.6 trillion in assets under management, 39 investors call for widespread support of the Access to Nutrition Index, which ranks the performance of food and beverage companies in the areas of obesity and undernutrition.
Afloat on Fossil Fuel Money, Senate Votes for Keystone Pipeline (03/26)
Oil Change International reports that the 62 Senators supporting the controversial tar sands pipeline in a non-binding vote have received $31 million in campaign contributions from fossil fuel interests.
After Double-Checking the Definition of Plutonic (03/25)
Encouraged by a morning's reading of recent posts in Peter Kinder's excellent blog The Bell, a writer meditates upon the uncertain finish to the race between sustainability and overconsumption of resources.
CDFI Fund to Focus on Financing of Community Health Centers (03/23)
The Financing Community Health Centers series will provide training and technical assistance to community development financial institutions to help them expand the financing of community health centers.
Bank of America Urged to End Financing of Coal (03/21)
Sustainable investors are among the 50 signatories to a letter delivered to Bank of America, urging it to phase out the financing of coal and shift its lending priorities to renewable energy.
Deployment of Renewables Increases but Market Contracts (03/19)
The annual report on clean energy by Clean Edge emphasizes that despite a challenging year for renewable energy, climate change and resource constraints mean that the fundamental drivers for the industry remain.
Insurers Still Unequipped to Deal with Climate Change (03/18)
In a survey of 184 disclosures by insurance companies, Ceres finds that only 23 have climate change strategies, and few have policies in place to help prepare for the effects of climate change.
Law Professor Anticipates Future of Climate Adaptation Law (03/16)
In an academic paper, J.B. Ruhl of the Vanderbilt University Law School summarizes the piecemeal efforts undertaken thus far to address climate adaptation from a legal standpoint, and outlines legal issues that are likely to emerge.
15 Million Shares Vote for Genocide-Free Investing Proposal at Mutual Fund (03/15)
Investors Against Genocide calls on Franklin Templeton to adopt a policy against investing in companies whose operations contribute to genocide.
Report Says Carbon Bubble Poses Risk to Financial Stability (03/13)
Originally published in 2011, Carbon Tracker's report Unburnable Carbon wins a Farsight Award from UK-based Long Finance for its assessment of the financial implications of fossil fuel reserves.
Pax World Adds TIAA-CREF to ESG Managers Portfolio (03/12)
TIAA-CREF's fixed-income Social Choice Bond Fund, launched in September, will be included in the Moderate and Conservative portfolios of the series of asset allocation funds.
First-Time Shareowner Resolutions Address Stranded Fossil Fuel Assets (03/11)
As You Sow and the Unitarian Universalist Association have filed shareowner resolutions with two large coal companies, requesting that they report on material impact of reserves that must remain in the ground if climate change is to be addressed.
As You Sow Publishes 2013 Proxy Preview (03/09)
Political spending resolutions account for one-third of those filed this year's, while two first-time resolutions request that companies in the fossil fuel industries report on the financial impact of stranded assets.
Calvert Updates Report on Corporate Gender Diversity (03/08)
The updated Examining the Cracks in the Ceiling report finds modest gains in gender diversity among S&P 100 companies but persistent underrepresentation of women in senior management positions.
Proposal Challenges TIAA-CREF on For-Profit Health Insurance (03/07)
Advocacy groups urge the pension fund to divest its holdings in private health insurance companies, arguing that the industry has a well-documented history of unethical behavior and abuses.
What Is the Real Financial Impact of Sustainable Investment? (03/06)
Cary Krosinsky of the Network for Sustainable Financial Markets produces a white paper that argues the actual amount of assets devoted to sustainable investment strategies is considerably lower than reported by the world's largest sustainable investment forums.
Investors Highlight Human Rights in Corporate Engagement (03/05)
A new report builds upon the Guiding Principles on Business and Human Rights to provide investors with tools for assessing the human rights performance of companies.
Feds Hit with Occupy Lawsuit over Volcker Rule (03/04)
Occupy the SEC files suit against six federal agencies for failing to implement Dodd-Frank regulations governing risky proprietary trading by banks.
Shareowners Call for Gender Diversity on Corporate Boards (03/01)
Institutional members of the Thirty Percent Coalition file shareowner resolutions with 20 companies, requesting that they support diversity by including women and minority candidates on their boards.
Get Real about Climate Change, Shareowners Tell Utilities (02/28)
With trillions of dollars in infrastructure upgrades looming for electric utilities, investors call on five companies to emphasize a transition to renewables, improve energy efficiency, and manage water risks.
Investors Question Payday Lending by Banks (02/27)
The US Consumer Financial Protection Bureau contemplates regulations to protect against consumer debt traps, while ICCR members call on major banks to address their own risky lending products.
Fracking on Proxy Ballots at Chevron and Exxon (02/25)
Described as laggards for their failure to address investor concerns, the oil and gas giants face shareowner resolutions addressing environmental and social risks associated with hydraulic fracturing.
Lawsuit Dropped after Chip Maker Updates Political Spending Policy (02/23)
After the New York State Comptroller filed suit in Delaware, Qualcomm updates its policy on political spending to include disclosure of payments to trade associations and social welfare organizations.
Divestment can be a Fiduciary Duty (02/22)
Adam Kanzer of Domini Social Investments that divestment of holdings in firearms manufacturers is an appropriate response to tragedies such as the killing of children in Newtown.
Shareowners Renew Call for Separation of CEO and Chair at JP Morgan Chase (02/21)
The American Federation of State, County & Municipal Employees and a coalition of institutional co-filers will return to the banking giant's annual general meeting this year with a resolution that gained 40% of shareowner support in 2012.
Shareowners Pressure Companies on Use of Renewables (02/20)
Most of the 13 resolutions target energy use in the information technology and real estate industry sectors, requesting improved reporting and commitments to increased renewable energy sourcing.
Senators Boxer and Sanders Propose Climate Change Legislation (02/19)
Among the highlights of the proposed bill are a fee on carbon pollution and increased oversight of hydraulic fracturing.
Natural Capital and Integrated Reporting Among Trends for 2013 (02/18)
With the help of environmental research from Trucost, GreenBiz publishes the sixth annual edition of its State of Green Business Report, assessing major trends as well as the environmental performance of 500 US companies.
SEC Allows Climate Change Proposal at PNC Financial Services (02/15)
The bank had sought to exclude a proposal by Boston Common Asset Management requesting that it report on climate change risks in its lending portfolio.
AFSCME Files 25 Shareowner Resolutions (02/14)
The resolutions filed by the AFSCME Employees Pension Plan address sustainability issues including board diversity, human rights policies, separation of Chair and CEO, and lobbying expenditures.
Ceres Ranks Among World's Top NGOs (02/13)
The annual Global Journal ranking of the world's most effective nongovernmental organizations places the environmental investor network sixth among 450 NGOs from 27 countries.
Shareowners Call for Sustainability Reporting by Emerson Electric (02/12)
For the fourth year in a row, a resolution filed by Walden Asset Management wins increased support from shareowners who want the company to improve its reporting on its ESG performance.
Statoil Breaks with Trade Association over Lawsuit (02/11)
Calvert Investments commends Statoil for explicitly distancing itself from lawsuit filed by the American Petroleum Institute that contests SEC regulation governing payments to governments.
Climate Change Outpacing Green Investment (02/08)
A report from the World Economic Forum outlines the steps necessary to encourage the unprecedented shift in investment strategies that is necessary for sustainable growth.
ICCR Publishes 2013 Proxy Resolutions and Voting Guide (02/07)
The Interfaith Center on Corporate Responsibility reports that its members have filed 180 shareowner resolutions and engaged in 225 corporate dialogues this proxy season.
Shareowners Press on with Fracking Campaign (02/05)
Nine oil and gas companies face shareowner resolutions this proxy season requesting quantitative reporting of risks associated with hydraulic fracturing and the management of fugitive methane emissions.
RepRisk Names Ten Most Controversial Companies in 2012 (02/04)
This year, the annual list from the Swiss-based environmental and social data provider focuses on poor labor conditions and human rights violations as well as bribery, fraud and money laundering.
Corporations Agree to Disclose Political Spending (02/02)
The Center for Political Accountability announces that engagement has led to six corporations agreeing to adopt political disclosure and accountability, while a shareowner resolution at Visa gains significant support.
Many Industry Sectors Unprepared for Conflict Minerals Rule (02/01)
A report from the Responsible Sourcing Network finds that leading companies in the information and communications industry have undertaken initiatives to ensure that their supply chains are free of conflict minerals, but few other industry sectors have done so.
Portfolios Can Thrive After Fossil Fuel Divestment (01/31)
As students on campuses across the country respond to climate change by calling on universities to divest fossil fuel holdings, an analysis reveals that divestment could add little financial risk to portfolios.
Sustainable Investment Forums Form International Alliance (01/29)
The Global Sustainable Investment Alliance, consisting of seven major sustainable membership organizations, publishes a survey of global trends in sustainable investment.
Corporate Knights Publishes Global 100 List of Leading Sustainable Corporations (01/28)
The Belgian metal recycling company Umicore tops the ninth annual list of sustainable large cap corporations, but the list also includes Enbridge, the Canadian operator of pipelines carrying oil from the controversial tar sands.
Sustainable Investors Pressure Visa on Lobbying Expenditures (01/26)
A shareowner resolution co-filed by Boston Common Asset Management and the Unitarian Universalist Association, calling on Visa to fully disclose all payments used for lobbying purposes, will be voted on at the company's annual general meeting on January 30th.
Genocide-Free Investing Proposal on Proxy Ballot at Franklin Templeton (01/26)
For the first time in at least 19 years, investors in the mutual fund will vote on a shareowner resolution, calling on the company to adopt policies to avoid investing in companies that contribute to genocide.
Thich Nhat Hanh, Alexis de Tocqueville, and Bernie Sanders on Climate Change (01/25)
The Vermont Senator says he will introduce legislation that includes a price on carbon, but despite President Obama's statement of commitment to climate change a White House spokesperson says the administration has no plans to propose a tax on carbon.
Trillium Engagement Leads to Non-Discrimination Policies at Four Companies (01/24)
While employment discrimination against lesbian, gay, bisexual, and transgender remains common, a majority of Fortune 500 companies now include protections in their employment policies.
Keystone Pipeline First Challenge for Obama on Climate Change (01/23)
With two new reports describing greenhouse gas emissions from oil sands development as even worse than expected, environmentalists and sustainable investors are likely to scrutinize the State Department's upcoming decision on the Keystone XL pipeline.
Emissions from Canadian Oil Sands Worse than Expected (01/21)
Two reports focus on the implications of building the Keystone XL pipeline and the effects on levels of greenhouse gas emissions from petroleum coke, a byproduct of the bitumen refining process.
Cuomo Proposes $1 Billion Green Bank for New York (01/19)
The bank will leverage public funds with private sector investment to hasten the transition to a clean economy and environment in New York State.
Briefs Supporting SEC Filed in Lawsuit Challenging Transparency Rules for Extractives (01/18)
Oxfam America and members of Congress argue that a rule mandating disclosure of payments to governments will contribute to stability and help investors make informed decisions.
Sustainable Investment Assets Continue Growth in Canada (01/17)
The biennial report by the Social Investment Organization of Canada reveals that sustainable assets under management now represent 20% of the total.
Ceres Awarded with Zayed Future Energy Prize (01/16)
The investor network wins the $1.5 million prize in the nongovernmental organization category for its work on behalf of addressing climate change.
ICCR Challenges Companies on Climate Change (01/15)
Members of the Interfaith Center on Corporate Responsibility have filed 28 shareowner resolutions thus far that address climate change related issues such as climate risk and sustainability reporting.
Draft Report Paints Grim Picture of Climate Change Effects (01/14)
The 1,200-page Third National Climate Assessment warns that some effects of climate change are already underway, and insufficient response ensures that the effects will grow worse in coming years.
Shareowner Resolution Challenges Chevron for Attacking Investors (01/12)
The Needmor Fund and Zevin Asset Management file a shareowner resolution requesting that Chevron explain the rationale behind issuing subpoenas to force investors to share confidential communications.
European Sustainable Funds Hold Own in 2012 (01/11)
The twelfth annual study of Green Social and Ethical Funds in Europe by Vigeo Italia notes that consolidation of the industry has continued for a third year.
Shareowner Urges End to Natural Gas Flaring (01/10)
Mercy Investment Services files a shareowner resolution with Continental Resources, requesting that the oil company reduce or eliminate the environmentally destructive practice of natural gas flaring in its operations.
Dangerous Mishaps Plague Shell's Arctic Exploration (01/09)
The Department of the Interior launches an expedited review of Shell's drilling program after a drill rig runs aground in the Gulf of Alaska.
Feds Hand Foreclosure Relief over to Banks (01/08)
The Office of the Comptroller of the Currency and the Federal Reserve Board reach an agreement with ten mortgage servicers that will end the Independent Foreclosure Review and instead provide $3.3 billion in direct payments to eligible borrowers.
Top Sustainable Investment Stories of 2012, Part 5 (01/05)
In a cautionary tale of poor corporate governance, the year for Chevron began with a court in Ecuador upholding the $18 billion judgment against it for environmental damage, and ended with the company's lawyers serving subpoenas on its own shareowners.
Top Sustainable Investment Stories of 2012, Part 4 (01/04)
Will the re-election of Barack Obama help further the sustainability agenda? Despite legislative inaction by Congress, regulatory agencies issued rules addressing climate change and corporate governance in 2012.
Top Sustainable Investment Stories of 2012, Part 3 (01/02)
For some institutional investors, shareowner tactics evolve from resolutions to engagement, and proposals addressing hydraulic fracturing focus concerns on community impacts.
Non-Violent Protest or Terrorist Threat? (12/31)
FBI documents obtained by the Partnership for Civil Justice Fund reveal that coordination between the Bureau, the Department of Homeland Security, and the financial sector began even before the first demonstrations by the Occupy movement.
Top Sustainable Investment Stories of 2012, Part 2 (12/28)
As growing numbers of corporate governance advocates call on the Securities and Exchange Commission to regulate disclosure of corporate political spending, Walden Asset Management leads a shareowner campaign for disclosure of lobbying expenditures; and Wal-Mart faces investor criticism following allegations of bribery in Mexico.
Top Sustainable Investment Stories of 2012, Part 1 (12/26)
Assets allocated to sustainable investment continue to rise, with increasing amounts focusing on positive screening strategies; however, mainstream mutual funds continue to lag in supporting shareowner resolutions addressing climate change and corporate political spending.
Newtown Tragedy Galvanizes Debate on Corporate Responsibility (12/21)
The UN-endorsed Guiding Principles on Business and Human Rights recommends that companies address adverse impacts with which they are involved, and Robert Zevin of Zevin Asset Management reminds investors of their historic role in effecting social change.
Shareowners Address Smoking in Films (12/20)
Despite recent findings by the US Surgeon General that exposure to on-screen smoking causes children to smoke, depictions of tobacco use in youth-rated films continue to increase, prompting calls from investors for an R rating for films that depict smoking.
Businesses Unprepared for Resource Scarcity (12/19)
Carbon Trust surveys the CEOs of corporations in five countries and finds that most have not set targets for reducing their use of natural resources, with nearly half stating that to do so would cost too much.
Corporate Laggards: Your Competitors are now Reporting (12/18)
A report from the Governance & Accountability Institute finds that more than half of S&P 500 companies now produce sustainability reports, and most that do use the Global Reporting Initiative framework.
Largest Companies Setting Emissions Reduction Targets (12/17)
A new report finds that most companies in the Fortune 100 and Global 100 now have greenhouse gas reduction goals, and more are committing to renewable energy use.
Chevron Hits Sustainable Investors with Subpoenas over Ecuador (12/15)
In its latest effort to avoid a $19 judgment for environmental damage in Ecuador, Chevron and Gibson, Dunn, & Crutcher, its law firm, have issued subpoenas to Trillium Asset Management and shareowner advocate Simon Billenness.
EPA Finalizes Standards for Soot Pollution (12/14)
The emissions standards for fine particle pollution, which could prevent up to 40,000 premature deaths by 2030, receives the usual objection of being anti-business from the US Chamber of Commerce.
Major Stock Market Indexes can Elevate ESG Risk for Investors (12/13)
A study by GMI Ratings analyzes the environmental, social, and corporate governance performance of major stock market indexes, and finds that most perform poorly against the research firm's normative distribution.
EU Nations Preparing a Financial Transaction Tax (12/12)
A similar measure before the US Senate appears to be going nowhere, despite the fact that such a tax would discourage high frequency trading and encourage a long-term approach to investing.
Mutual Funds Slow to Engage on Political Spending (12/11)
Despite growing attention to the risks for corporations, support by mutual funds for resolutions addressing political spending decreased in 2012.
FairPensions Calls on UK Ethical Funds to Adopt Positive Screening and Increase Corporate Engagement (12/10)
A survey of nineteen UK-based ethical funds finds that most continue to rely on negative screening of sin stocks, and few have committed to shareowner engagement with corporations.
Plan for Regulating Emissions from Existing Power Plants Proposed (12/08)
The Natural Resources Defense Council states in an issues brief that state-specific standards from the Environmental Protection Agency could lead to a steep drop in emissions and significant cost savings.
US Winter Tourism Endangered by Climate Change (12/07)
A report prepared for the Natural Resources Defense Council and Protect Our Winters warns that the winter tourism industry could disappear in regions of the US if greenhouse gas emissions continue to increase.
Institutional Investors Unprepared for Climate Change Impacts in South Africa (12/06)
A report from WWF South Africa and SinCo outlines impacts that are expected to be worse in South Africa than elsewhere, and warns that the portfolios of institutional investors are failing to account for climate change and the impacts of an upcoming carbon tax.
Prospects Dim for Least Developed Nations at Climate Change Conference (12/05)
Despite contributing little to climate change, the populations of the world's poorest countries face imminent loss and damage from its effects while developed economies plead poverty in delaying help.
Community Capital Management Helps Fund Sandy Relief (12/04)
The fixed income investment manager announces that through its CRA Qualified Investment Fund it will dedicate $100 million in assets toward investing in recovery from the hurricane.
Climate Financing Improves, but Falls Short of What is Needed (12/03)
The Climate Policy Initiative identifies $364 billion in financing the transition to a low-carbon economy, but the amount falls far short of what is needed to keep global temperature increases below two degrees Celsius.
Global Emissions Continue to Rise (12/02)
Carbon dioxide emissions reached a record high in 2011, a record which will be broken in 2012, and a report commissioned by the World Bank warns that adapting to a 4°C increase is by no means certain.
Growing Pressure on SEC to Regulate Corporate Political Spending (11/30)
After a petition calling for rules mandating disclosure attracts unprecedented support, officials at the Securities and Exchange Commission acknowledge they are considering the issue.
Pharmaceutical Firms are Improving Access of World's Poor to Medicine (11/29)
The 2012 Access to Medicine Index finds that the pharmaceutical industry has improved its performance in delivering products to developing nations, but needs to improve lobbying transparency and oversight of clinical trials.
CEOs Want a Deficit Reduction Plan that Benefits Them (11/28)
Eighty corporate CEOs join the Fix the Debt campaign, which calls for increased tax breaks for corporations while limiting social programs that help the poor and middle class.
SEC Chairman Schapiro to Step Down (11/27)
As Chairman of the Securities and Exchange Commission since early 2009, Mary Schapiro dealt with the aftermath of the financial crisis and the implementation of new regulations mandated by Dodd-Frank.
US SIF Publishes Biennial Sustainable Investment Trends Report (11/24)
The 2012 Trends Report notes a total of $3.74 trillion in assets allocated to sustainable investment, a 22% increase over a two-year period.
Community Capital Management Invests over $4 Million on Behalf of Sustainable ETF (11/21)
The Florida-based fixed income investment manager, one of the portfolio managers for the AdvisorShares Global Echo exchange-traded fund, invests in projects that promote job creation and provide housing for low- and moderate-income residents.
Investor Networks Urge Governments to Face Climate Change (11/20)
With Hurricane Sandy behind us, and another international climate change conference coming up in Qatar, seven of the world's largest investor networks form the Global Investor Coalition on Climate Change and call for an investment-friendly approach to climate change.
Stakeholder Group Speaks Out on Challenge to Conflict Mineral Legislation (11/19)
The multi-stakeholder group, comprised of corporations, sustainable investors, and nongovernmental organizations, pledges to work to eliminate human rights abuses from the conflict minerals trade in the Democratic Republic of the Congo.
Dole Hit with Lawsuit Alleging Environmental Destruction (11/17)
The Seattle-based law firm Hagens Berman files a lawsuit against Dole for knowingly purchasing bananas from growers whose operations have destroyed wetlands and poisoned water sources with pesticides in Guatemala.
Investors Urge Citigroup Board to Consider Breakup of Too Big to Fail Bank (11/16)
Trillium Asset Management and AFSCME Employees Pension Plan file a shareowner resolution with Citigroup asking its board to explore a separation of one or more of its business units.
Assets of PRI Signatories Exceed $32 Trillion (11/15)
With 254 new signatories to the Principles for Responsible Investment, the number now exceeds 1,100, even as 61 former signatories are delisted.
2012 ESG Leaders Award Winners announced by TBLI Group (11/14)
SJF Ventures, oekom research, and Hazel Henderson are among the recipients of awards for achievements in sustainable investment by institutional capital owners.
Quality Standard for ESG Research Launched (11/13)
The Association for Responsible Investment Services re-launches the Responsible Investment Research Standard as ARISTA to increase awareness of the standard and to meet a growing demand for comparability among sustainable investment research firms.
College Endowments Urged to Divest Fossil Fuel Holdings (11/12)
The Do the Math campaign from 350.org urges colleges and universities to restructure their endowments and divest their holdings in fossil fuel industries to make an impact on climate change.
SEC Refuses to Delay Extractives Transparency Rule (11/10)
The Commission tells industry trade association that rule governing disclosure of payments to governments will be implemented as scheduled, despite pending lawsuit challenging its validity.
Climate Change Action in Obama's Second Term? (11/09)
After an election campaign during which climate change was barely mentioned, sustainable investors and other advocates hold out hope for effective action in the next four years.
Calvert Launches Emerging Markets Fund (11/07)
The Calvert Emerging Markets Equity Fund uses the firm's environmental, social, and corporate governance criteria in determining the components of a portfolio investing in the fastest-growing segment of the global economy.
A Different Take on CSR Disclosure and Political Spending (11/06)
A report from two University of California professors determines that political contributions by corporate managers, when viewed through the lens of corporate social responsibility disclosures, can lead to excess stock returns, especially in states that vote Democratic.
For Sustainable Investors, Obama or Romney? (11/05)
The candidates differ markedly on climate change, financial reform, and health care, issues on which sustainable investors have engaged with corporations for many years.
Senate Republicans Quash Findings on Wealth Inequality (11/03)
After the Congressional Research Service issues a report finding no correlation between economic growth and lower tax rates for the wealthiest, Senate Republicans force its withdrawal to protect the party orthodoxy on taxes.
Romney Charged with Ethics Violation for Failing to Disclose Hedge Fund Investment (11/02)
The Office of Government Ethics receives a complaint that by not revealing profits his family received from the Obama administration's auto industry bailout, Romney has failed to disclose a potential conflict of interest.
US Banks Persist in Financing Climate Change (11/01)
A report from BankTrack and the Rainforest Action Network urges financial institutions to measure and report on financed emissions, and recommends that they support expanded disclosure requirements being developed by the Greenhouse Gas Protocol.
Initiative Will Help Quantify Corporate Reporting on Sustainability Issues (10/31)
The Sustainability Accounting Standards Board will develop industry-specific key performance indicators for inclusion by companies in their annual financial reporting to the Securities and Exchange Commission.
With Expiration Looming, Groups Call for Extension of Production Tax Credit (10/30)
The Investor Network on Climate Risk is the latest to write to Congressional leaders, urging them to support extending a tax credit that has helped wind energy become one of the nation's fastest growing manufacturing industries.
Food and Agriculture Industry Lags in Assuring Worker Equity (10/29)
A report by Sustainalytics and Tellus Institute describes workers' rights as less of a priority for companies in the sector than consumer health, environmental impact, and animal welfare.
Sanders Chides Corporate CEOs for Calling on Congress to Cut Programs (10/27)
The Vermont Senator says that the statement by 80 CEOs fails to account for the role of financial institutions in causing the recession, and calls instead for a deficit reduction plan in which the wealthiest pay their fair share of taxes.
CDP Water Disclosure Issues 2012 Report on Corporate Water Use (10/26)
For the first time, the initiative publishes a separate report focusing on water management by US companies, as the number of institutional investors requesting corporate disclosures on water increases to 470.
Oil Sands Producers Urged to Adopt Environmental and Social Performance Goals (10/24)
A coalition of 49 investors with $2 trillion in assets call on newly formed association of producers to set specific goals for improving environmental and social performance.
As You Sow Updates Investment Risks Associated with Coal (10/23)
Investors are warned that as the use of coal as a source of power output in the US declines and construction costs increase, the financial risks of investing in coal-dependent electric utilities are significant.
2012 Newsweek Green Rankings Published (10/22)
With research provided by Sustainalytics and Trucost, this year's Green Rankings note a 20% improvement in companies disclosing environmental information.
Independent Shareowners Want Murdoch out as Chairman of News Corp (10/20)
Resolutions calling for separation of Chairperson and CEO, and end to dual-class stock structure, gain support of two-thirds of independent shareowners at media company's annual meeting.
Court in Ecuador Approves Seizure of Chevron Assets (10/19)
Chevron says it will appeal decision clearing the way for seizure of $200 million of assets in Ecuador as payment toward a $19 billion judgment for environmental damage in the country.
Founder of New Hampshire Community Loan Fund Wins Responsible Finance Award (10/18)
Juliana Eades, President and founding Executive Director of the New Hampshire Community Loan Fund, receives the fifth annual Ned Gramlich Award for Responsible Finance from Opportunity Finance Network.
Investors in UK Celebrate National Ethical Investment Week (10/17)
A survey conducted for the occasion reveals that almost half of adults with investments want large pension plans to sign onto the UK Stewardship Code, and research from EIRIS finds $18 billion invested in green and ethical retail funds.
Project Promoting ESG Disclosure in Emerging Markets Issues Final Report (10/16)
The Emerging Markets Disclosure Project notes that considerable improvements in ESG reporting have been driven by regulatory regimes such as sustainable stock exchanges, but calls for reliance upon standardized reporting to increase attractiveness of emerging markets for investors.
ICCR Ally Succeeds in Bank of America Engagement (10/15)
Virginians Organized for Interfaith Community Engagement persuades Bank of America to help homeowners in Virginia county hit hard by mortgage crisis.
Resources Insufficient to Protect World's Poorest from Climate Change (10/13)
The Climate Vulnerability Monitor warns that 100 million lives could be lost by 2030 if climate change and carbon-intensive energy practices are not addressed.
BankTrack not Satisfied with new Draft of Equator Principles (10/12)
While acknowledging that the new draft is an improvement, the Netherlands-based NGO finds insufficient commitments by signatory banks to transparency, human rights, and climate change mitigation.
Assets Committed to Emerging Markets on the Increase (10/11)
A new survey by EIRIS suggests that while sustainable stock exchanges increase investor confidence in emerging markets investment, poor corporate attention to environmental, social, and corporate governance issues remains a barrier.
$18 Billion Judgment Against Chevron Stands (10/10)
The US Supreme Court declines to hear Chevron's arguments for overturning the largest environmental judgment in history, leaving the company vulnerable to charges of securities law violations.
Three Community Development Financial Institutions Receive 2012 NEXT Awards (10/09)
Primary Care Development Corporation will receive $4.25 million to expand beyond New York State, while Clearinghouse CDFI and the Corporation for Supportive Housing each receive awards of $2 million.
Investors Report on Campaign to Address Human Trafficking at London Olympics (10/08)
A coalition of investors led by Christian Brothers Investment Services report that all but one of 33 corporations responded to its letter on the issue, and a number have taken concrete steps to address human trafficking.
Growth of Sustainable Investment in Europe Continues to Outpace the Overall Market (10/06)
In its fifth biennial survey of sustainable investment in Europe, Eurosif identifies norms-based screening as the fastest-growing strategy, and urges improved communications to encourage greater uptake of sustainable investment by retail investors.
2012 Moskowitz Prize Awarded to Paper Linking Improved Corporate Performance with Successful Shareowner Engagement (10/05)
Entitled Active Ownership, this year's winning paper analyzed shareowner engagements on environmental, social, and corporate governance issues, and found that successful engagement led to abnormal positive returns of 4.4%.
Task Force Files Lawsuit against JPMorgan Chase (10/04)
The Residential Mortgage-Backed Securities Working Group, a state-federal task force, announces its first legal action, charging the bank for fraudulent misrepresentations of mortgage-backed securities by Bear Stearns & Co.
Bank of America Settles Shareowner Lawsuit for $2.43 billion (10/03)
The bank's 2008 acquisition of Merrill Lynch $20 billion preceded disclosure of $27.6 billion in losses, and led to lawsuit by pension funds charging the bank with making false or misleading statements.
Chevron Wants Access to Emails of Critics (10/02)
The oil company's latest effort to avoid paying a $19 billion judgment for extensive environmental damage in Ecuador involves trying to gain access to the private email accounts of 101 people who have worked on the case.
GMI Licenses Research for Corporate Governance Indexes (10/01)
The firm's agreement with the Global Index Group, which will create the first indexes focusing on corporate governance performance, is commended by governance advocate James McRitchie as a very important development for investors.
As Burma Sanctions Ease, Human Rights Advocates Urge Caution (09/28)
Shareowner advocate Simon Billenness is preparing a draft of guidelines for corporations seeking to do business in Burma, and Nobel Peace Prize recipient Daw Aung San Suu Kyi urges corporate transparency to ensure that human rights are honored.
Extractives Commitment to Human Rights Improving (09/27)
But research from Oxfam America indicates that policies supporting Free, Prior, and Informed Consent must include a transition from resource extraction to development partnerships.
Index of Corporate Political Spending Updated (09/26)
The Center for Political Accountability and the Zicklin Center update their Index of Corporate Political Accountability and Disclosure, finding that voluntary disclosure of corporate political spending is becoming a mainstream practice.
Is Self-Made Wealth a Myth? (09/25)
United for a Fair Economy analyzes the Forbes 400 list of wealthiest Americans, finding that 40% inherited considerable wealth, while a quarter earned their wealth through investment.
Shell Says Oil Spills from Corroded Pipes in Nigeria Due to Sabotage (09/24)
Amnesty International and the Center for Environment, Human Rights and Development cite the assessment of experts that the latest in a series of oil spills in the Niger Delta was due to corrosion in poorly-maintained pipes owned by Shell.
Sustainalytics Partners with Chinese Consultancy Firm (09/22)
The research partnership with SynTao will provide clients of the Netherlands-based firm with analysis of the ESG performance of Chinese companies.
China Joins with EU to Reduce Emissions (09/21)
The European Union will help China reduce its greenhouse gas emissions by contributing $32.5 million for the development of Emissions Trading Systems.
Insurers Unequipped to Deal with Climate Change (09/20)
A report from Ceres warns that as payouts for extreme weather events increase to record levels, the insurance sector is falling behind other industries in returns on investment.
BICEP Members Call for Extension of Wind Credit (09/19)
Nineteen companies in the Ceres-led Business for Innovative Climate and Energy Policy coalition say that Congressional extension of the tax credit for wind energy will improve competitiveness and create jobs.
Occupy Movement Celebrates First Anniversary (09/18)
Despite efforts to marginalize its accomplishments, the Occupy Movement has succeeded in keeping the issue of wealth inequality in the forefront of the national consciousness.
US Solar Installations Set Records Despite Insufficient Government Action (09/17)
The Solar Energy Industries Association reports that solar installations in the US totaled 742 megawatts in the second quarter of 2012, but Ernst & Young warns that policy gridlock prevents lawmakers from making the necessary long-term investment decisions.
House Passes No More Solyndras Act (09/15)
Viewed by Democrats as nothing more than election-year grandstanding, the bill stands no chance of passing the Senate.
SAM Updates Dow Jones Sustainability Indexes (09/14)
Microsoft and Hewlett Packard are added to the DJSI World, but no US-based companies are included among the Index's 19 supersector leaders.
CDP Releases Annual Reports on Corporate Carbon Management (09/13)
Responding to more than half of the world's invested capital, large companies increasingly view climate change as a current business concern, but too little is being done at present to avert a climate crisis.
Panel Calls for Rescue of CDM (09/12)
Despite its flaws, the Clean Development Mechanism remains the only international framework for funding renewable energy projects in developing nations, and meaningful emissions reduction targets will help enhance its effectiveness.
Congress Unlikely to Pass 2012 Farm Bill in Time (09/11)
As severe cuts in the food stamp program and assistance to farmers seem more likely, the responsibility for building a sustainable food supply falls to sustainable investors and other key stakeholders.
GMI and Trucost Form Partnership (09/10)
The strategic partnership provides for environmental research by Trucost to be incorporated into GMI's analysis of the corporate governance performance of companies.
Is Corporate Reporting Sufficient to Meet Sustainability Goals? (09/08)
Mark McElroy of the Center for Sustainable Organizations argues that the absence of context for corporate sustainability measurements increases the likelihood that meaningful goals will not be met.
Opinions Differ on the Future of Sustainable Investing (09/07)
Industry veterans weigh in on likely developments over the next twenty years, and their opinions range from optimism to concern.
Lawsuit Alleging Human Rights Violations by Shell in Nigeria Reaches SCOTUS (09/06)
In an issues brief, Professor John Ruggie wonders if Shell's efforts to undermine the Alien Tort Statute will undermine its claims of corporate social responsibility.
Muhammad Yunus, Father of Microcredit and Nobel Peace Prize Recipient, to Address SRI Conference (09/05)
The founder of the Grameen Bank will be the keynote speaker at October's SRI Conference on Sustainable, Responsible, Impact Investing, which will also feature author Deepak Chopra and Robert F. Kennedy Jr. Second of a two-part series.
PRI Signatories Prioritize ESG Issues for Engagement (09/04)
A survey of frequent users of the PRI Clearinghouse indicates that executive compensation, climate change, and labor standards in corporate supply chains will be the top areas of engagement for institutional investors during the coming year.
Rebranded, the SRI Conference Heads East (09/03)
SocialFunds.com talks with Steve Schueth of First Affirmative Financial Network about the history of the conference and the decision to locate it at the Mohegan Sun in Connecticut this year. First of a two-part series.
New York City Codifies Climate Change Adaptation (08/31)
The legislation, which will require the city's Climate Change Adaptation Task Force to update its assessment of the effects of climate change every three years, is the first ordinance from a US city to use latest climate science to develop adaptation strategies.
Fuel Efficiency Standards Finalized (08/30)
The new fuel efficiency standards of 54.5 miles per gallon will nearly double the current standards, and could increase profitability while creating hundreds of thousands of new jobs.
CalSTRS Engages with Russell 2000 Companies on Majority Voting Standard (08/29)
The pension fund's engagement with 95 companies during 2012 proxy season results in 86% of them either adopting the standard or making significant progress toward doing so.
Treasury Bonds Issue Will Help Fund Clean Energy Deployment (08/28)
The Clean Energy Victory Bonds Act would both provide for the sale of US Treasury Bonds to help finance clean energy technologies, and extend the federal Production Tax Credit for wind energy.
Labor Conditions Improving at Chinese Supplier to Apple (08/27)
The Fair Labor Association reports that Foxconn Technology Group, Apple's largest supplier, is ahead of schedule in meeting commitments such as higher wages and less mandatory overtime.
Investors Call on EPA to Strengthen PVC Regulations (08/25)
Arguing that proposed regulations do not go far enough to protect the health of communities, the investors request that national emission standards for the PVC industry provide better protection from cancer-causing pollutants.
SEC Issues Rules on Conflict Minerals and Payments to Governments (08/24)
Responses by sustainable investors and other stakeholders to payments to governments in resource-rich countries is generally positive, but concerns are voiced over provisions in the conflict minerals regulation. Second of a two-part series.
DC Appeals Court Strikes Down Another EPA Regulation (08/23)
The Court decides that the Cross-State Air Pollution Rule exceeds the Environmental Protection Agency's statutory authority, but a dissenting opinion argues that the Court has trampled on precedent.
SEC to Vote Today on Disclosure of Conflict Minerals (08/22)
The Enough Project reports that reforms are underway as a result of Dodd-Frank legislation, but warns that further steps must be taken to prevent conflict minerals in the Congo from subsidizing armed conflict. First of a two-part series.
Sustainability Management by Oil Firms Lacking (08/21)
A report from oekom, a German research firm, analyzes the sustainability performance of oil and gas companies, finding that as technological demands increase the management of risk is failing to keep up.
A Strategy for the Commons that Includes Business and Government (08/20)
As national governments persist in pursuing narrow agendas rather than global action on climate change and sustainable development, other key stakeholders are recognizing that they must pressure corporations and governments into dialogue on the issues.
Emerging Markets ESG Updates Database of Contacts (08/18)
SocialFunds.com talks with Geoffrey Mazullo, whose twenty years of involvement with environmental, social, and corporate governance issues in emerging markets have provided him with a wealth of data and contacts compiled in a unique resource.
Pension Fund Wants Wal-Mart to Come Clean on Bribery Allegations (08/17)
After receiving documents relating to allegations of bribery by the retail giant's Mexican subsidiary, the Indiana Electrical Workers Pension Trust Fund charges in a lawsuit that nearly half of the pages were blacked out.
Wells Fargo Settles Mortgage-Backed Securities Charges for $6.5 Million (08/16)
The Securities and Exchange Commission charges the bank for selling investments tied to mortgage-backed securities without disclosing the risks to investors.
Investors Urge Extension of Production Tax Credits (08/15)
The tax credits, which help drive billions per year in private investment in the wind energy industry, are set to expire this year, which could lead to the loss of 37,000 domestic jobs.
A Record Amount of Dollars Awarded by CDFI Fund in 2012 (08/14)
Almost $187 million is awarded to 210 community development financial institutions that provide financial services to distressed communities that are often overlooked by mainstream financial institutions.
Mercer to Incorporate ESG in Mainstream Client Reports (08/13)
Citing a growing interest in environmental, social, and corporate governance from institutional investors, the consulting firm will include ESG factors in reports relating to fund manager search and performance.
Goldman Sachs Escapes Criminal Charges (08/12)
Despite evidence of conflicts of interest detailed in last year's report by the Senate's Permanent Subcommittee on Investigations, the Justice Department announces that it will not bring a criminal prosecution against the bank.
News Networks Ignore a Major Banking Scandal (08/11)
The Interfaith Center on Corporate Responsibility writes to ABC and NBC, asserting that the networks have failed to cover the LIBOR rate-fixing scandal and its severe impacts on the poor and most vulnerable.
Investors Take on Corporate Payments to Pharmaceutical Trade Association (08/10)
Four major pharmaceutical companies may be undermining their profitability by membership in and payments to an industry trade association that contributed to candidates opposed to birth control.
How to Fund a Sustainable Food System (08/09)
RSF Social Finance publishes a report on steps investors can take to help build a just and sustainable food system in the US.
Certified Coffee to be on Menu at Smucker's (08/08)
A resolution from Calvert Investments and Trillium Asset Management, supported by 30% of shareowners in 2011, is withdrawn after Smucker's agrees to targets for purchases of certified coffee.
Church of England Sells its Shares in News Corp. (08/07)
A year of engagement following the phone hacking and bribery scandal has failed to produce a commitment by the media giant to improve its corporate governance, and the Church responds to the lack of progress with divestment.
Facebook Publishes Carbon Footprint (08/06)
For the first time, the social networking company has disclosed its greenhouse gas emissions, and announces a goal of using renewable energy sources for 25% of its power.
Proxy Access Still Key to Changing Corporate Behavior (08/03)
SocialFunds.com talks with James McRitchie of CorpGov.net about corporate governance shareowner proposals and the case for improved proxy access for individual investors.
Despite SEC Guidance, Disclosures by Oil and Gas Companies Are Insufficient (08/02)
A report from Ceres finds that ten of the largest companies in the oil and gas sector are failing to provide sufficient disclosures on climate change and deepwater drilling.
Finalists for 2012 Wells Fargo NEXT Awards Announced (08/01)
Three community development financial institutions are named as finalists for $8.25 million award to expand affordable housing, health care, or community facilities in distressed markets.
Companies Challenged over Membership in ALEC and Heartland Institute (07/31)
Walden Asset Management spearheads a letter-writing campaign by shareowners urging corporations tor review their memberships in the controversial organizations.
Eurosif Supports Sustainability Disclosures for Retail Investors (07/30)
The European Commission proposes legislation that would require investment funds and other packaged retail investment products to disclose in key information documents whether they target sustainable outcomes.
Emphasis on Engagement Seconded by Mainstream (07/28)
A report from Ernst & Young analyzing the 2012 proxy season agrees with observations by sustainable investment organizations that increased shareowner engagement represents the most dramatic development.
PRI Publishes Case Studies of Sustainable Investment (07/27)
A report provides examples of sustainable investments by CalPERS and other signatories to the Principles for Responsible Investment, and argues for government policies to help mitigate the risks of such investments.
Greenland Ice Sheet Melt Unprecedented (07/26)
NASA satellite measurements confirm that 97% of Greenland's ice sheet has melted this summer, far more than ever before recorded.
Concerns Voiced over Easing Burma Investment (07/25)
An executive order lifting ban on investment in Burma allows US companies to enter the country's energy sector, raising concerns over lack of transparency and ties to the military.
Institutional Investors: Part of the Problem or Part of the Solution? (07/24)
Authors Ben Heineman and Stephen Davis argue in a working paper that many institutional investors lag behind corporations in transparency, and call for a national database on the behavior of institutions. Second of a two-part series.
What Good Are Shareowners? (07/23)
An analysis published in the current Harvard Business Review argues that the rise of short-termism in the markets, and poor communications between management and shareowners, require engagement by diverse long-term stakeholders. First of a two-part series.
Voting Rights Curtailed by Dual-Class Structure, News Corp. Shareowners Call for Reforms (07/20)
Eighteen investors representing over $1.6 trillion in assets under management write to Rupert Murdoch, urging him to support a shareowner resolution calling for the separation of the positions of Chair and CEO.
College Endowments Lagging in Sustainable Investment (07/19)
Once leaders in sustainable investment and shareowner advocacy, college and university endowments now lag behind many mainstream institutions in the uptake of environmental, social, and corporate governance investment criteria.
Pros and Cons of Australian Carbon Tax (07/18)
Implemented on July 1st, Australia's carbon pricing scheme imposes a price of $23 per ton on carbon emissions. But some clean energy advocates argue that the policy does not go far enough.
Apple Reverses Plan to Dump Green Registry (07/17)
The computer giant reverses its decision to leave the Electronic Product Environmental Assessment Tool registry, calling it a mistake after consumer backlash.
Sustainable Large Caps Outperform MSCI World Index (07/16)
An analysis by oekom research finds that investment in corporations designated by it as Prime Portfolio Large Caps can yield returns more than double that of those listed on the MSCI World benchmark.
ICCR and the Business Case for Sustainability (07/14)
For the first time, members of the Interfaith Center on Corporate Responsibility engage in corporate dialogues more often than submit shareowner resolutions, reflecting the growing awareness of the business case for corporate sustainability measures. Second of a two-part series.
NASDAQ to Promote Sustainability Disclosure (07/13)
At Rio+20, the US-based stock exchange joins four counterparts in encouraging corporations to disclose environmental, social, and governance risks and opportunities.
Proxy Season Results Support Mainstreaming of ESG (07/12)
This year's shareowner resolution tracker from Ceres notes that almost half of the environmental and social resolutions coordinated by the organization were withdrawn after successful engagement with companies. First of a two-part series.
Experiment in Proxy Access for Retail Investors to End (07/11)
Citing persistent regulatory obstructions, Moxy Vote announces that it will cease operations on July 31st, ending a service to help individual investors vote their proxy ballots.
Investors Call for a Meaningful Arms Treaty (07/10)
A coalition of 39 institutional signatories to the Principles for Responsible Investment issues a statement arguing that the absence of an Arms Trade Treaty affects investment by negatively impacting both the global economy and companies.
Congressional Friends of GMOs Sneak Rider into Appropriations Bill (07/09)
The rider will require that a permit for planting genetically engineered crops be issued even if a federal court orders that the planting be halted.
Genetic Engineers Debunk GMO Claims (07/07)
A report by Earth Open Source reveals that the claims of product safety and sufficient regulation made by producers of genetically modified organisms are false.
A Guide to Economics for the 99% (07/06)
The Center for Popular Economics publishes Economics for the 99%, a handbook which describes the roots of economic inequality and offers a solidarity economy as an alternative.
Investors Fear Canadian Budget Bill Weakens Environmental Regulations (07/05)
Despite efforts by the Social Investment Organization, which warned that passage of an omnibus budget bill could discourage investment by providing for inadequate environmental regulation, the bill passes in a Senate dominated by conservatives.
Community Investment Options Increase but Barriers Remain (07/04)
A report from US SIF details an increasing number of community investment options, but low awareness, perceptions of low returns and high risk, and increased regulatory scrutiny remain as barriers to a wider uptake of the practice.
Shareowners Await Support from Legislators and Regulators in Addressing Corporate Political Spending (07/03)
As support for resolutions requesting disclosure of corporate political spending increases, efforts to address the issue on a macro level are stirring but are unlikely to affect 2012 elections.
Separating CEO and Chair Provides Financial Benefits (07/02)
A report from GMI Ratings finds that companies with a combined CEO and chair pay far more compensation for the positions, are more likely to pursue aggressive accounting practices, and are twice as likely to receive a failing grade for environmental, social, and corporate governance performance.
Genocide-Free Investing Resolution Wins Majority Vote (06/30)
Investors Against Genocide's request that the ING Emerging Countries Fund refrain from investing in companies that provide funding to governments engaged in genocide is supported by over 59% of shareowners.
SCOTUS Upholds Obamacare (06/29)
Members of the Interfaith Center on Corporate Responsibility applaud yesterday's Supreme Court decision to uphold the Patient Protection and Affordable Care Act.
Investors Urge Congressional Leaders to Support EPA Authority (06/28)
A coalition led by Calvert urges leaders in both houses of Congress to oppose resolution that would prevent the Environmental Protection Agency from implementing Mercury and Air Toxics Standards for power plants.
Court Supports EPA Authority to Regulate Greenhouse Gases (06/27)
An appeals court rules that the Environmental Protection Agency is authorized under the Clean Air Act to regulate emissions from new fossil fuel-fired power plants.
ICCR Commends Disney on Advertising by Food and Beverage Companies (06/26)
The media giant announces that food and beverage products advertised on its networks will be required to meet nutritional guidelines that are aligned with federal standards.
Book Review: Private Empire: ExxonMobil and American Power, by Steve Coll (06/25)
In a well-researched investigation into the inner workings of one of the world's largest and most powerful corporations, author Steve Coll details ExxonMobil's efforts to discredit climate science and extract resources in countries ruled by autocrats.
Rio+20 Ends without Binding Agreements (06/23)
Sustainable investors who consider regulatory action to be essential are likely to be disappointed by the absence of agreements addressing climate change and corporate reporting.
A Giant Leap Forward, or Unsustainable Business as Usual? (06/22)
The Natural Capital Declaration, launched at Rio+20, aspires to properly value the environment in financial transactions, but at least one nongovernmental organization argues that the pricing of environmental assets is a fatally flawed solution.
Get to Work, the Financial Stability Oversight Council Is Told (06/21)
The newly-formed Systemic Risk Council observes that two years after Dodd-Frank, most of its financial reforms have yet to implemented, and urges the Financial Stability Oversight Council to prioritize the identification of systemically important nonbank financial institutions.
UK Mandates Emissions Reporting for Public Companies (06/20)
Deputy prime minister Nick Clegg is expected to announce at Rio+20 today that all 1,800 companies listed on the London Stock Exchange's Main Market will be required to report on greenhouse gas emissions.
Replacement for GDP Proposed at Rio+20 (06/19)
The Inclusive Wealth Index would provide a definition of wealth that encourages sustainable economic and social development.
Corporate Disclosure of Water Risks Should Include Quantitative Data (06/18)
Ceres follows up on a 2010 study of corporate reporting on water risk with a new report that notes improvements, but says also that quantitative data and supply chain information is lacking.
Business Leaders Call for Sustainable Economic Recovery (06/16)
Members of the American Sustainable Business Council visit the White House for a summit in which they describe a market that accounts for externalities and benefits all participants.
Shareowners Vote on Resolution Asking Target to Refrain from Political Spending (06/15)
Filed in the aftermath of a 2010 consumer boycott over a political donation by the retailer, the resolution wins enough support to reappear on next year's proxy ballot.
Investors Call for Improved Management of Methane Emissions from Fracking (06/15)
An international coalition of institutional investment organizations with more than $20 trillion in assets warn of the impacts of methane emissions on global warming, and issue a draft framework for improved corporate disclosure.
Sanders Calls for End of Conflicts of Interest on Federal Reserve Boards (06/14)
After introducing legislation prohibiting bank executives from serving on Federal Reserve boards, Sen. Sanders of Vermont names 18 Fed directors whose firms benefited from the bailout during the financial crisis.
CDFIs Rebound from Financial Crisis (06/13)
The National Community Investment Fund reports that 88 certified community development financial institutions earned a net income of $82 million in 2011, reversing a two-year decline.
Guidance for Corporate Respect for Children Is Published (06/12)
Children are Everyone's Business, a workbook published by UNICEF, guides companies in the integration of children's rights into core business practices.
Behind the Scenes, Corporations Undermine Science-Based Climate Policy (06/11)
The Union of Concerned Scientists reports that many US-based corporations engage in greenwashing by maintaining a public image of climate consciousness while secretly undermining climate science and policy.
Proxy Voting on Climate Change by Mutual Funds Fails to Account for Materiality (06/09)
An analysis by Ceres and Fund Votes of 2011 proxy voting reveals that the three largest mutual funds failed to vote in favor of a single climate-related resolution.
Fund Seeks to Improve the Lives of East African Farmers (06/08)
The Global Impact Investing Network publishes a case study of the African Agricultural Capital Fund, which invests in environmentally sustainable agriculture projects to benefit the rural poor in sub-Saharan Africa.
Time for Investment in Africa Is Now (06/07)
The second annual Ernst & Young survey of investment in Africa finds a distinct perception gap between the overwhelmingly positive responses of investors already doing business in Africa, and the possibly outmoded views of those who do not.
Advocates for a Fair Economy Call for End to Payday Lending by Banks (06/06)
A coalition including several sustainable investment organizations ask federal regulators to investigate banks offering payday lending, which can trap low-income borrowers into a cycle of debt with interest rates as high as 417%.
Shareowners to Vote on Lobbying by Energy Companies (06/05)
Resolutions submitted by Walden Asset Management at Devon Energy and Chesapeake Energy call for disclosure of corporate lobbying expenditures.
Zevin Asset Management Calls for Net Neutrality at Wireless Firms (06/04)
The Boston-based investment firm writes to AT&T and Verizon, asking them to ensure that net neutrality is maintained and that the wireless providers refrain from imposing discriminatory fee structures.
Investors Urge Corporations to Consider Physical Impacts of Climate Change (06/02)
A new report notes improved corporate reporting on greenhouse gas emissions emerging from SEC guidance, but calls for improved management and disclosure of extreme weather events and other physical risks.
Shareowners Voice Support for Environmental and Governance Resolutions at Chevron (06/01)
A call for the separation of the positions of CEO and Board Chair gains more than 38% of shareowner support, while 27% vote in favor of improved disclosure of risks associated with hydraulic fracturing.
Add Corporate Social Responsibility to Rio+20, Stakeholders Say (05/31)
The Dialogue on a Convention on Corporate Social Responsibility and Accountability proposes a global policy framework requiring companies to embed sustainability into their operations and report on their efforts.
Clean Energy Initiatives on the Increase in Many States (05/30)
The third annual State Clean Energy Index from Clean Edge ranks California first among states in its adoption of such indicators as electricity generation from renewable sources and deployment of hybrid and all-electric vehicles.
Investors Write to Chevron Again (05/29)
Led by the New York State Common Retirement Fund, a coalition of 40 institutional investors with $580 billion in assets under management calls on Chevron to end its legal wrangling over an $18 billion judgment against it for environmental damage in Ecuador.
More Stakeholders Call for Meaningful Action at Rio+20 (05/25)
The International Institute for Environment and Development outlines a three-point plan to ensure that government negotiators account for the needs of local communities through sufficient aid and realistic valuation of natural capital.
Investors Warned to Question Shell's Plans for Arctic (05/24)
Citing the likelihood that control of a spill in ice-covered waters will fail, and outlining Shell's poor track record in the Russian Far East, Greenpeace advises investors to ask hard questions about the risks to the company's financial health.
A Trillion Dollar Call for Best Practices in Fracking Operations (05/23)
Fifty-five institutional investment organizations representing $1 trillion in assets under management call for adoption of best practices by oil and gas companies engaged in hydraulic fracturing.
Concerns Grow over Slow Pace of Sustainable Development (05/22)
The World Business Council for Sustainable Development publishes a report in advance of next month's Rio+20 Conference, warning that a radical adaptation in the use of natural capital is required.
Shareowners Ask SEC to Investigate Chevron (05/21)
Three sustainable investment organizations say that the company's management appears to be covering up the risks associated with an $18 billion legal judgment against it for environmental damage in Ecuador. Second of a two-part series.
Two-thirds of Cairn Energy Shareowners Reject Say-on-Pay Proposal (05/19)
The vote at the UK-based energy exploration company comes after Business Secretary Vince Cable proposes that shareowner votes on executive compensation be binding.
Is Chevron in Violation of Securities Law? (05/18)
New reports on Chevron's liabilities relating to environmental damages in Ecuador assert that while the company's legal options have narrowed significantly, its public filings repeat the same arguments made in 2008. First of a two-part series.
JP Morgan Chase Holds Annual Meeting Days After $2 Billion Loss (05/17)
A resolution calling for improved corporate governance through separating the roles of Chair and CEO gains 40% of shareowner support.
Race Between Sustainability and Over-Consumption Continues (05/16)
The third annual MIT survey of corporate executives suggests that sustainability is increasingly a management agenda item, while a report from WWF finds that global consumption patterns are still unsustainable.
ICCR Responds to Vatican Investigation of US Nuns (05/15)
The all-male Church hierarchy apparently wants less social justice work by women religious in the US, and more outspoken opposition to homosexuality, abortion, and women's ordination.
Water Use in Many Large Economies Is Unsustainable (05/14)
China, India, and the US contain regions of extreme risk due to water scarcity, threatening global commodities prices and even increasing the possibility of social unrest.
Shareowners Renew Call for Improved Governance at JPMorgan Chase (05/11)
After the bank reports $2 billion in losses on risky trading, the American Federation of State, County & Municipal Employees calls for the appointment of an independent Chair, stating that the stakes are too high to leave CEO Jamie Dimon unsupervised.
UNDP Reports on Outlook for Sustainable Development in Asia-Pacific (05/10)
Exploring both widespread poverty and the impacts of climate change on the region, the report warns that the private sector and other stakeholders must act in order to galvanize government action.
Political Spending Proposal at CVS Caremark Goes to Vote Tomorrow (05/09)
For the sixth year, shareowners will vote on a proposal from Green Century Capital Management, requesting disclosure of direct and indirect political spending by the company.
Investors Call for Steps to Eliminate Sex Trafficking at London Olympics (05/08)
ICCR members and other investors write to airlines, hotel chains, and corporate sponsors of the Games, and launch website to encourage public involvement in ending human sex trafficking.
Chesapeake Energy Agrees to Separation of Chair and CEO (05/07)
The controversial oil and gas company agrees to a key corporate governance reform after widespread criticism of an arrangement allowing CEO Aubrey McClendon to borrow more than a billion dollars from its treasury.
Shareowner Group Details Occupational Health and Safety Issues for Investors (05/05)
The Shareholder Association for Research and Education issues investor guidance for assessing the health and safety policies and practices of Canadian corporations.
Sustainable Investment by Pension Funds Total Less than One Percent of Assets (05/04)
Despite the necessity of a low-carbon economy and the opportunities for investment in the transition, efforts by governments and institutional investors remain inadequate. Second of a two-part series.
EIRIS Reports on Sustainability Practices of Largest Global Companies (05/03)
Companies in the US and Asia lag behind their peers in Europe, while significant differences persist among corporate approaches to sustainability.
Clock Is Ticking While Corporate Sustainability Lags (05/02)
A report from Ceres and Sustainalytics identifies a small number of US corporations leading sustainability efforts, but more decisive action is required to embed sustainability by 2020. First of a two-part series.
US Banks Receive Failing Grades for Financing Coal (05/01)
While most of the nation's largest banks have publicly stated commitments addressing mountaintop removal coal mining and coal-fired power generation, the financing of such projects continues.
UKSIF Endorses Key Investor Initiatives for Rio+20 (04/30)
The Natural Capital Declaration commits financial institutions to integrating environmental considerations into their products and services, while the Corporate Sustainability Reporting Coalition seeks a convention on corporate reporting.
Corporate Political Spending: Why Do they Do It? (04/28)
With six months to go before election, corporations can still spend freely and in relative secrecy, and do so, despite numerous studies associating political spending with lower returns.
Power of the Proxy Confirmed at Citigroup (04/27)
In the aftermath of the shareowner vote against Citigroup's executive compensation package, Mark Regier of Everence Financial talks with SocialFunds.com about the evolution of say-on-pay.
Retail Investors Invited to Discussion on Fracking (04/26)
Moxy Vote provides a forum for individual investors to vote their proxies, and invites them to weigh in on hydraulic fracturing resolutions at Chevron and Exxon Mobil.
Investors Speak Out on Wal-Mart Bribery Allegations (04/25)
Members of the Interfaith Center on Corporate Responsibility, who have been engaging with the retail giant on social issues for decades, express their dismay over allegations of bribery and subsequent efforts to impede an investigation.
Wal-Mart Gets ESG Rating of F After Bribery Allegations (04/24)
GovernanceMetrics International assigns a failing grade to the retail giant's environmental, social, and corporate governance performance following revelations that information about a bribery scandal in Mexico was covered up.
EPA Finalizes Rules on Emissions from Fracking (04/23)
Drillers of new wells that use hydraulic fracturing to access natural gas resources have until 2015 to employ green completions to capture methane and other chemicals before they are released into the environment.
New Exchange Traded Fund Will Support Sustainability Themes (04/21)
A portion of the assets of AdvisorShares Global Echo ETF will support the Global Echo Foundation, a charitable foundation co-founded by Philippe Cousteau.
Eurosif Outlines ESG Risks to Media Companies (04/20)
The fast-changing media sector faces risks associated with trust, freedom of expression, and diversity, and a report cites examples of best practice in an environment dominated by the News Corporation's phone hacking scandal.
Shared Interest to Reach More Low-Income South Africans (04/19)
The investment fund's Campaign for the Next Generation seeks to provide opportunities for an additional 500,000 low-income South Africans, while reforming the practice of mainstream banking.
Shareowners Vote Down Citigroup Pay Package (04/18)
Fifty-five percent of Citigroup's shareowners vote against the executive compensation package proposed by management, marking the first time that shareowners have done so at a big bank.
Investors Challenge Goldcorp's Closing Costs for Guatemala Mine (04/17)
Two institutional investors warn that Goldcorp faces litigation risks if its plan for funding the environmental cleanup of its mine in Guatemala is inadequate.
Investors Take on ALEC in Aftermath of Trayvon Martin Killing (04/16)
Tim Smith of Walden Asset Management writes to investors, stating that corporations associated with the American Legislative Exchange Council face reputational risks and should review their funding of the controversial organization.
JPMorgan Chase Faces Investing in Genocide Resolution (04/13)
For the second year, Investors Against Genocide submits shareowner proposal addressing JPMorgan Chase's extensive holdings in PetroChina, a corporate contributor to genocide in Sudan.
Companies Advised to Address Risks in Supply Chains (04/12)
A Procurement Report from Eurosif establishes the business case for addressing environmental and social risks in corporate supply chains, and recommends that investors assess the exposure of companies in their portfolios.
SEC Reconvenes Investor Advisory Committee (04/11)
The Committee, which was formed in 2009 and terminated after passage of the Dodd-Frank bill, again includes representatives of the sustainable investment industry.
Solar Industry Maturing Despite Lack of Subsidies (04/10)
A report from As You Sow details examples of best practice in environmental, social, and corporate governance considerations by solar companies, and provides a benchmark for investors to track sustainable developments in the industry.
Trillium Urges Verizon Shareowners to Support Net Neutrality (04/09)
A letter sent to shareowners by the investment management firm outlines the economic and social case for continued net neutrality at the wireless telecommunications company
Regulatory Path Cleared for Fracking Resolution at Exxon (04/07)
The Securities and Exchange Commission overrules challenge by ExxonMobil to hydraulic fracturing resolution submitted by As You Sow.
Shareowner Advocates Disappointed by Goldman's Choice for Lead Independent Director (04/07)
The American Federation of State, County & Municipal Employees withdraws resolution calling for separation of Chair and CEO at Goldman Sachs, then expresses disappointment at the firm's choice for lead independent director.
Listen to Investors, Ernst & Young Tells Corporate Boards (04/06)
A white paper from the consulting firm anticipates that shareowner support for environmental and social resolutions will continue to grow, and that boards should take concrete steps to ensure that the perspectives of investors are considered.
Academics Propose Agency to Regulate Financial Products (04/05)
Eric Posner and Glen Weyl of the University of Chicago state that a Financial Products Administration would be the Food and Drug Administration of financial derivatives.
Shareowner Resolution Calls for Independent Board Chair at News Corporation (04/04)
Christian Brothers Investment Services resubmits proposal introduced at the media giant's annual meeting last October, citing the company's inaction in implementing reforms in the wake of phone hacking scandal.
Green Jobs Topped Three Million in 2010 (04/03)
In its first-ever tally of green jobs, the US Bureau of Labor Statistics counts 3.1 million jobs in businesses that benefit the environment or conserve natural resources.
Sustainable Investment Forums to Produce Global Trends Report (04/02)
The report, scheduled for December, will be the first to assess environmental, social, and corporate governance (ESG) investment strategies across jurisdictions; a global website is also planned.
Monsanto Is Green America's Biggest Corporate Fool (04/01)
The agribusiness giant triumphs over the US Chamber of Commerce and Chevron for manufacturing genetically modified organisms and a corporate legacy that includes Agent Orange and DDT.
Apple Moves from Laggard to Sector Leader on Transparency (03/30)
The computer giant agrees to implement remedial action recommended by the Fair Labor Association's investigation of working conditions at Foxconn factories in China.
EPA Proposes Carbon Pollution Standard for New Power Plants (03/29)
The standard, which will be the first to limit emissions from the largest individual sources of carbon pollution in the US, will not be applied to existing plants or those to be built in the next 12 months.
$1 Million Grant to Automate Reporting by Community Development Financial Institutions (03/28)
The grant from Citi Foundation will help the CDFI Assessment and Ratings System automate its financial performance data collection system for community development financial institutions.
Private Equity Increases Sustainability Focus (03/27)
Programs encouraging the uptake of environmental, social, and corporate governance considerations by private equity firms include the Environmental Defense Fund's Green Returns initiative.
Shell Heads for the Arctic (03/26)
While the company contends with activist nongovernmental organizations such as Greenpeace, it remains unclear if sustainable investors are engaging with it on the potential cost of an oil spill cleanup.
RepRisk Names World's Most Controversial Mining Companies (03/24)
Alpha Natural Resources, the parent company of Massey Energy, ranks first on RepRisk's list, which highlights the consequences of environmental, social and governance risks on corporate reputations, access to capital, and licenses to operate.
Corporate Governance Advocates Take on Political Spending and Contracts with Managers (03/23)
The International Corporate Governance Network publishes a statement on corporate political spending and a model mandate for contracts between asset owners and managers.
Investors Observe World Water Day 2012 with Focus on Land Grabs (03/22)
The focus of this year's World Water Day is on water and food security, and the Interfaith Center on Corporate Responsibility launches a campaign to educate institutional investors on the impacts of large acquisitions of farmland in the global South.
Climate Change Imperils Coastal Cities in US (03/21)
In a new report, Climate Central finds that millions of US residents are at risk from rising sea levels and increasing numbers of storm surges.
Ethisphere Awards 145 Companies for Ethical Performance (03/20)
The annual World's Most Ethical Companies Rankings include 23 companies that have been honored in each of the six years of the award.
New York City Pension Funds File Corporate Governance Resolutions at 13 Companies (03/19)
Shareowners request that Chesapeake Energy and Nabors Industries permit proxy access, and additional resolutions address board declassification, an independent board chair, and a majority voting standard.
PRI Signatories Challenge 29 Corporations to Meet Their Obligations to Report (03/17)
The companies are members of the UN Global Compact but have failed to submit an annual Communication on Progress as required.
2011 Sees Record Installations for Wind and Solar (03/16)
Clean Edge's 2012 trends report forecasts that the expansion of renewable technologies, which successfully weathered the economic downturn, will continue through 2021.
Initiative of Calvert Foundation Seeks to Invest in Women (03/15)
A $1 million grant from the Citi Foundation launches the Calvert Foundation's Women Investing in Women Initiative, which seeks to raise $20 million for economic opportunities for women.
Occupy Movement Focuses on Volcker Rule (03/14)
Financial professionals form the Occupy the SEC movement and submit a 325-page comment letter to the SEC, calling for effective regulation of proprietary trading by banks.
Momentum Grows for Integrated Reporting (03/13)
With the Rio+20 Conference on Sustainable Development three months away, numerous voices speak out on the need for governments to mandate sustainability reporting by large companies.
Business is Encouraged to Uphold Children's Rights (03/12)
The Children's Rights and Business Principles call on companies to expand their commitment beyond child labor and develop policies and due diligence to actively ensure that the rights of children are respected.
SJF Ventures Announces Initial Closing of Impact Investment Fund (03/10)
Capitalized entirely by private investment, the $75 million SJF Ventures III fund will target growth-stage cleantech companies with positive impacts on low-to-moderate income communities.
Investors Continue Pressure for Fracking Disclosure (03/09)
Two guides for investors and companies engaged in hydraulic fracturing have been published in recent months, and four of ten shareowner resolutions calling for increased disclosure of risks have been withdrawn.
Representation of Women on Boards Tops Ten Percent for First Time (03/08)
GovernanceMetrics International's annual report on gender diversity on corporate boards finds incremental improvements, but also that marked disparities persist between industrialized and emerging economies.
Study Identifies Financial Institutions Investing in Nuclear Weapons (03/07)
The International Campaign to Abolish Nuclear Weapons names 322 financial institutions from 30 countries with substantial investments in the $100 billion-a-year nuclear weapons industry.
Benefits of Large-Scale Low-Carbon Transition Will Take a While (03/06)
The authors of a new study find that even a rapid transition to clean energy will not produce climate benefits until the second half of this century, while converting coal to natural gas will have little positive effect.
Reinsurers Call for National Climate Policy (03/05)
After a year in which losses due to extreme weather events totaled $44 billion, representatives of the reinsurance industry call on US policymakers to acknowledge the reality of climate change and take action on a national policy.
EPA and Partners Announce Recipients of First Climate Leadership Awards (03/03)
Companies are recognized for greenhouse gas management through goal setting and achievement, supply chain leadership, and overall organizational leadership.
James Murdoch Steps Down at News International (03/02)
Christian Brothers Investment Services welcomes the move as a small first step, but calls for additional corporate governance reforms at the media giant.
On a Bumpy Road Toward the Sustainable World (03/01)
A morning's reading ranges from Davos to ESG metrics, and the prevailing message is that improved collaboration among all stakeholders is necessary to rescue the world from an unsustainable future.
As You Sow Publishes Proxy Preview (02/29)
The report notes an exponential increase in resolutions addressing the various forms of corporate political spending, while the community impacts of hydraulic fracturing and financial risks associated with coal lead environmental resolutions.
Zevin Asset Management Grows into a Corporate Engagement Powerhouse (02/28)
The Boston-based investment manager, with $335 million in assets under management, has co-filed 14 shareowner resolutions for the 2012 proxy season.
Investors Write to Chevron on Country Selection (02/27)
Following an unproductive meeting with Chevron on its operations in Burma, shareowners make public a letter in which they request transparency in the company's country selection criteria.
Lydenberg's Argument for Reasonable Investment Wins IRRC Award (02/25)
Steven Lydenberg, Chief Investment Officer of Domini Social Investments, wins the first Post-Modern Portfolio Theory award from the IRRC Institute for his paper espousing reasonable, rather than merely rational, investment.
Advisory Warns Investors of Risks of Proposed Copper and Gold Mine in Alaska (02/24)
Citing community opposition, unprecedented infrastructure requirements, and environmental risks, Earthworks questions whether the mine, located in the Bristol Bay area, will ever be built.
Investors Urge Large Corporations to Move Beyond Reporting and Take Carbon Action (02/23)
The Carbon Action initiative of the Carbon Disclosure Project, launched last year on behalf of 34 institutional investors, now has 92 signatories with more than $10 trillion in assets under management.
Generation Investment Management Calls for Sustainable Capitalism by 2020 (02/22)
The firm expands upon a manifesto written by co-founders Al Gore and David Blood and calls for mandatory integrated reporting and the pricing of externalities, an end to quarterly earnings guidance, and loyalty-drive securities for long-term investors.
Resolutions or Engagement? Ceres Prepares for Proxy Season by Using Proxy Ballot to Encourage Change (02/21)
SocialFunds.com talks with Rob Berridge of Ceres about the organization's past success and its plans for driving change in the stewardship of the environment through shareowner resolutions.
HP Agrees to Proxy Access (02/20)
The computer giant agrees to allow institutional investors meeting ownership thresholds to nominate candidates for its Board of Directors.
US Joins in Launch of Initiative to Reduce Short-Lived Climate Pollutants (02/17)
The Climate and Clean Air Coalition, a partnership of the UN Environment Program and six countries, seeks to encourage reductions in methane, black carbon, and ozone that could reduce global warming and avoid millions of premature deaths.
Principles for Investors in Inclusive Finance Publishes Compendium of Case Studies (02/16)
The Principles for Investors in Inclusive Finance wraps up its first year with case studies designed to help provide sustainable financial products and services to the world's poor.
Only 9% of Fund Managers Incorporate ESG Factors (02/15)
Mercer's evaluation of environmental, social, and corporate governance uptake by fund managers reveals that there is considerable room for improvement in how they communicate ESG integration to investors.
ICCR Focuses on Dialogues More than Resolutions in Corporate Engagement (02/14)
SocialFunds.com talks with Laura Berry about the Interfaith Center on Corporate Responsibility's shift in emphasis from filing shareowner resolutions to corporate engagement through dialogues.
Corporate Disclosure of Forest Footprints Is Improving (02/13)
The Forest Footprint Disclosure Project publishes its third annual survey of voluntary corporate disclosure of risks and opportunities associated with forest risk commodities.
House Republicans Gut Key Provision of STOCK Act (02/11)
House Majority Leader Eric Cantor strips provision requiring political intelligence consultants to register as lobbyists from version of bill passed by Senate.
Shareowners Continue Campaign for Disclosure of Risks Associated with Fracking (02/10)
Ten shareowner resolutions addressing hydraulic fracturing have been filed thus far for the 2012 proxy season, and proponents for improved disclosure look to improve upon last year's 40% vote in support.
Google Tops Greenpeace International's Cool IT Leaderboard (02/09)
The Internet giant is cited in Greenpeace's fifth ranking of information technology companies for its commitment to renewable energy and its public advocacy for clean energy policies.
CalSTRS to Facebook: More Women on Board (02/08)
The pension fund's Director of Corporate Governance writes to Mark Zuckerberg, expressing disappointment in the lack of diversity on Facebook's board of directors.
ICCR Publishes 2012 Proxy Resolutions and Voting Guide (02/07)
The Guide reveals a focus by members of the Interfaith Center on Corporate Responsibility on social issues and corporate engagement.
US Venture Capital Investment in Cleantech Down in 2011 (02/06)
Ernst & Young reports that investment by US-based venture capital in cleantech companies amounted to $4.9 billion in 2011, a 4.5% decrease from 2010.
Intel Tops EPA's Green Power Partnership Rankings (02/04)
EPA's quarterly ranking of top purchasers of renewable energy lists Intel first, followed by Kohl's and Wal-Mart; Kohl's and Whole Foods are largest purchasers of 100% green power.
Interview: Cary Krosinsky, Editor of Evolutions in Sustainable Investment (02/03)
SocialFunds.com talks with Krosinsky about the challenges to as well as the inevitability of a mainstream uptake of sustainable investing strategies.
States Require Insurers to Respond to Climate Risk Survey (02/02)
California joins New York and Washington in requiring insurers that that write in excess of $300 million in premiums to respond to the National Association of Insurance Commissioners' Climate Risk Survey.
A 30% Reduction in EU Emissions by 2020 will be Cheaper than Expected (02/01)
Noting that emissions reductions reached 14% by 2010, the European Commission concludes that a 30% cut will cost less than anticipated, and the Institutional Investors Group on Climate Change calls for incentives to stimulate private investment.
Investors Team with Law Enforcement Professionals to Combat Sex Trafficking at Super Bowl (01/31)
Interfaith Center on Corporate Responsibility members warn that child sex trafficking increases during large sporting events, and engage with Indianapolis hotels to raise awareness of the risk at this year's Super Bowl.
UN Adaptation Database Highlights Corporate Sustainability Efforts (01/30)
The UN Framework Convention on Climate Change publishes an online database featuring case studies of climate change adaptation activities undertaken by private companies.
Book Review: Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership (01/28)
Trucost executive Cary Krosinsky edits a book of essays demonstrating that sustainable investment in an era of growing resource scarcity yields significant opportunities for portfolio outperformance.
Shareowners File 40 Resolutions on Lobbying Expenditures by Corporations (01/27)
Walden Asset Management leads a coalition of investors calling on companies to disclose both direct lobbying expenditures and indirect funding of lobbying through trade associations.
GRI Publishes Sustainability Guidance for Event Organizers (01/26)
Site selection and community impact are among the key issues for which reporting can enhance the accountability of event organizers, the Global Reporting Initiative says.
Corporate Knights Publishes Eighth Annual Ranking of Sustainable Companies (01/25)
Danish pharmaceutical firm Novo Nordisk tops the 2012 Global 100 and the United Kingdom leads countries with 16 companies on list.
Ceres Aqua Gauge Helps Investors and Companies Manage Water Risk (01/24)
As population growth and climate change make water risk management an issue for investors and companies to address without delay, the Ceres Aqua Gauge provides a framework for evaluating corporate strategies.
Harrington Investments Requests that Monsanto Report on GMOs (01/23)
The chemical giant refuses to allow a proxy to speak on behalf of the shareowner resolution at tomorrow's annual general meeting, and Harrington joins in call for demonstrations.
On Second Anniversary of Citizens United, Coalition Calls on SEC to Mandate Disclosure (01/20)
The Corporate Reform Coalition holds a press conference in which members express support for a petition requesting that the Securities and Exchange Commission establish rules mandating that public corporations disclose their political spending activities.
Shareowner Activists Urge Siemens to Quit Chamber of Commerce (01/19)
CtW Investment Group writes to the German industrial conglomerate, stating that its position on the Chamber's board is at odds with the trade association's efforts to weaken the Foreign Corrupt Practices Act.
Shareowners to Corporations: Say No to Political Expenditures (01/18)
Trillium Asset Management and Green Century Capital Management file resolutions with Bank of America, 3M, and Target, requesting that they refrain from making political donations.
Congressional Recipients of Oil Industry Money Overwhelmingly Support Controversial Pipeline (01/17)
An analysis by MapLight reveals that of the 118 House members who report the oil and gas industry among their top ten contributors, only two voted against legislation calling for construction of the Keystone XL pipeline.
Investors Vow to Address Climate Change even as Congress Fails to Act (01/16)
At the Investor Summit on Climate Risk & Energy Solutions, hosted by Ceres, institutional investors note progress in managing climate change in their portfolios, but warn that further action must be taken now.
Emerging Markets Investors Advised to Factor for Cost of Carbon (01/13)
SinCo and Trucost produce a report that identifies risks of a carbon tax to high-emitting companies, while analyzing the carbon footprints of South African equity funds.
EPA Launches Database of High Emitters (01/13)
2010 greenhouse gas emissions data reveals that power plants were the largest stationary sources of direct emissions, with 96 of them among the 100 facilities reporting the highest levels of emissions.
Microsoft Says Worker Dispute at Foxconn Plant Resolved (01/12)
Suicide threats by protesting workers at Chinese manufacturing plant recalls 2010 deaths of workers at another Foxconn plant in China.
Investors Advised to Increase Climate-Sensitive Allocations and Engage with Companies and Policymakers on Climate Change (01/11)
Mercer follows up groundbreaking 2011 study of the economic costs of climate change with a survey of the climate change-related investment strategies of institutional investors.
Pax World Appoints New Portfolio Manager for Global Women's Equality Fund (01/10)
Ivka Kalus-Bystricky will lead Pax World's Global Women's Equality Fund, which invests primarily in large-cap companies that promote gender equality and women's advancement.
The Pros and Cons of COP17 (01/09)
Nations agree to agree on a binding emissions reduction treaty, and the Green Climate Fund is established, but details on both are lacking and may not prevent warming of more than two degrees Celsius.
Brazilian Stock Exchange Recommends that Companies Report or Explain (01/07)
BM&FBOVESPA, the Brazilian Stock Exchange, adopts report-or-explain position to encourage sustainability reporting by listing companies in advance of the Rio+20 conference in July.
Ecuadorian Court Upholds $18 Billion Judgment Against Chevron (01/06)
In addition to upholding the judgment for environmental damages in Ecuador's Amazon rainforest, the court also criticized Chevron's efforts to undermine the trial.
States, Cities Call for End of Corporate Personhood (01/05)
California joins Vermont in calling for a constitutional amendment overturning Citizens United, and the New York City Council joins Los Angeles in unanimously supporting an amendment.
Ban on Corporate Political Spending Upheld in Montana (01/04)
The Montana Supreme Court rules in favor of reinstating the state's century-old ban on direct political spending by corporations.
Climate Change and COP17 from an African Perspective (01/03)
SocialFunds.com talks with Graham Sinclair, President of AfricaSIF, about his impressions of the recently concluded climate change conference held in South Africa.
Appeals Court Blocks Cross-State Air Pollution Rule (01/02)
Power producers argued that the Environmental Protection Agency's (EPA) January 1 deadline gave them too little time to install required pollution control equipment.
Top Sustainable Investment Stories of 2011 (12/31)
Many sustainable investors see affinities between their concerns and those of the Occupy Movement, and global emissions from the burning of fossil fuels in 2010 were the highest in human history.
Scientists Urge GOP Candidates to Accept Climate Science (12/30)
In advance of early primaries, scientists in Iowa and New Hampshire urge Republican presidential candidates to accept climate science and support efforts to reduce greenhouse gas emissions.
Shareowner Engagement Leads to Adoption of Human Rights Policy at OM Group (12/29)
The company operates a cobalt smelter in the Democratic Republic of the Congo, where a 2007 workplace accident at a joint venture partner killed three children.
Greenpeace Ends Unfriend Coal Campaign Targeting Facebook (12/28)
The social media giant agrees to reduce its reliance on coal-powered electricity by siting its data centers where renewable energy sources are available.
Shareowners Press Chevron to Acknowledge Environmental Liabilities in Ecuador (12/27)
Even as Chevron's liability for a November oil spill in Brazil reaches billions of dollars, the company still refuses to disclose to shareowners the risks associated with an $18 billion court judgment against it in Ecuador. Second of a two-part series.
EPA Issues Rule on Mercury Emissions from Power Plants (12/26)
The rule requiring power plants to install pollution control equipment to reduce emissions will improve the nation's health and create almost 1.5 million jobs in the next five years.
Shareowner Activists Pressure Chevron for Transparency Over Payments to Burmese Regime (12/23)
Amid news of a possible normalization of relations between the US and Burma, sustainable investors and other activists argue that most of Chevron's payments line the pockets of the military. First of a two-part series.
Mutual Fund Support for Political Spending Disclosure Inches Upward (12/22)
An analysis prepared for the Center for Political Accountability by Jackie Cook of Fund Votes reveals that mutual fund support for corporate political spending disclosure increased in 2011 for eighth year in a row.
Shortfall in Water Infrastructure Investment Could Reach $84 Billion by 2020 (12/21)
The American Society of Civil Engineers warns of environmental and public health consequences of a failing water infrastructure, and maintains that private investment is crucial to reversing current investment trends.
Schapiro Remarks Suggest Regulation of Proxy Advisors (12/20)
The SEC Chairman cites corporate concerns over quality of information used for recommendations, and potential conflicts of interest, as reasons for regulation of proxy advisory firms.
CEO Pay at S&P 500 Companies Up 37% in 2010 (12/19)
Increases in CEO pay are far greater than those of share prices, GovernanceMetrics International finds, and three of the highest paid executives are with companies whose shareowners have expressed dissatisfaction over pay packages.
New Report Surveys Current State of Impact Investing (12/16)
The Global Impact Investing Network finds that impact investors often provide debt investments to microfinance institutions in emerging markets, but provides little to distinguish the practice from sustainable investing.
Investors Provide Guidance for Companies Engaged in Hydraulic Fracturing (12/15)
SocialFunds.com talks with Richard Liroff of the Investor Environmental Health Network about a collaborative effort with the Interfaith Center on Corporate Responsibility to minimize risks associated with fracking through key performance indicators and best practices.
Community Capital Management's Flagship Fund Surpasses $1 Billion in Assets (12/14)
The Community Reinvestment Act (CRA) Qualified Investment CRA Shares fund, which helps banks meet the credit needs of the communities in which they operate, now has over 300 bank shareowners.
EPA Finds Drinking Water Tainted by Fracking (12/13)
An analysis by the Environmental Protection Agency finds that hydraulic fracturing is responsible for polluting the drinking water in Pavilion, Wyoming.
What Happened at COP17? (12/12)
Negotiators leave Durban without a plan to stop climate change but with an agreement to pursue a binding pact, and investors look for signs that support increased investment in climate change mitigation and adaptation.
Green Retrofits Outpace New Construction for First Time (12/10)
The US Green Building Council says that LEED-certified square footage of existing buildings now exceeds that of new construction.
Shareowners Support Annual Say-on-Pay Votes (12/09)
An analysis by GovernanceMetrics International finds that while 42% of companies recommended a shareowner vote on executive compensation every three years, 72% of shareowners voted in favor of annual votes.
Mexican Stock Exchange Launches Sustainability Index (12/08)
Bolsa Mexicana de Valores selects EIRIS and Ecovalores to develop framework for an Index assessing the environmental, social, and corporate governance performance of Mexican companies.
Massey Energy Parent Fined $209 Million for Fatal Mine Disaster (12/07)
The Mine Safety and Health Administration says that corporate culture at Massey was the root cause of the Upper Big Branch mine explosion in West Virginia that killed 29 workers.
Unilever Tops Scorecard of Companies Addressing Climate Change (12/07)
In the fifth annual Scorecard produced by Climate Counts, Unilever supplants Nike for the first time as the leader in corporate emissions reduction, public policy, and reporting.
Largest South African Companies are Responding to Climate Change but Need to do More (12/06)
With the COP17 climate change conference occurring in South Africa, EIRIS analyzes the climate change performance of the 40 largest companies listed on the Johannesburg Stock Exchange.
Global Emissions Break Records in 2010 (12/05)
Scientists at the Global Carbon Project find that despite a persistent economic downturn, emissions from burning fossil fuels increased 5.9% in 2010 and reached highest level recorded in at least the last 800,000 years
BankTrack Names Banks Funding Dirty Coal Power Plants (12/02)
Four US banks top the list of those spending the most on financing the construction of new coal-fired power plants.
ICCR Calls on Drug Companies to Join Medicines Patent Pool (12/01)
On World AIDS Day, members of the Interfaith Center on Corporate Responsibility reiterate their support for providing medicine to HIV-positive people in developing countries, and call on drug companies to do their part by joining the Medicines Patent Pool.
NYSE Euronext and Bloomberg New Energy Finance Launch New Clean Energy Stock Indexes (11/30)
The indexes, which will track clean energy stocks in three regions globally, will soon be joined by industry-specific indexes; in the US, new sources of investment must be found to maintain the growth spurred by stimulus funds.
Google Abandons Renewable Energy Initiative (11/30)
The IT giant says it will maintain its efforts to improve energy efficiency in its data centers and continue to invest in renewable energy.
Grassroots Support Grows for Constitutional Amendment on Corporate Personhood (11/29)
The founders of Ben and Jerry's Ice Cream help launch Business for Democracy, and Move to Amend supports a constitutional amendment ending "legal fiction" of corporate personhood.
Film Review: Margin Call (11/28)
First-time director J.C. Chandor's film provides a fictionalized version of Lehman Brothers awakening to the fact that inadequate risk management had launched the financial crisis.
Two Shareowner Proposals Request Proxy Access (11/23)
The proposals are based on a Model Shareowner Proposal for Proxy Access, developed by the United States Proxy Exchange, which requests shareowner votes under SEC Rule 14a-8.
Wall Street Journal Op-ed Attacks Corporate Disclosure of Political Spending (11/22)
Bruce Freed of the Center for Political Accountability talks with SocialFunds.com about the mischaracterizations in the Journal's op-ed piece, and describes the widespread support for greater disclosure.
IPCC Links Extreme Weather Events to Climate Change (11/21)
In a summary released for policymakers in advance of its full report, the Intergovernmental Panel on Climate Change considers it highly likely that the increase in extreme weather events and disasters is due to man-made climate change.
Investors Support Administration's New Fuel Efficiency Standards (11/19)
Ceres says that 54.5 mpg by 2025 will add jobs to the economy, increase auto industry competitiveness, and reduce greenhouse gas emissions.
Investors Provide Guidance for Compliance with California Transparency in Supply Chains Act (11/18)
Companies are encouraged to go beyond compliance with law and enact policies that commit them to addressing human trafficking in their supply chains.
Praxis Targets Cell Service Providers in Conflict Minerals Campaign (11/17)
SocialFunds.com talks with Mark Regier of Praxis Mutual Funds about the launch of campaign to bring cell service providers into the conversation about conflict minerals.
Support by Mutual Funds for Sustainability Proposals Increases, but is it Happening Quickly Enough? (11/16)
SocialFunds.com talks with Jackie Cook of Fund Votes about the results of voting by mutual funds on shareowner proposals in 2011 relating to sustainability.
Zuccotti Park Cleared of Occupy Protesters (11/15)
Police action to remove activists from original Occupy Movement encampment occurs two days before planned rally to shut down Wall Street.
Corporate Political Spending: More Disclosure but a Billion Dollars Spent in 2010 (11/14)
The IRRC Institute confirms that more boards oversee political expenditures but that more money is being spent as well.
Window of Opportunity for Acting on Climate Change Closing Fast (11/12)
The International Energy Agency warns that without a binding international agreement within five years, global temperatures could increase by 6°C.
Administration Punts on Controversial Oil Pipeline (11/11)
The State Department's decision to review planned route through Nebraska is likely to put off a final decision until 2013.
Executive Compensation Policies Slightly Better After Say on Pay Regulation (11/10)
GMI analyzes executive compensation packages at S&P 500 companies, and finds incremental improvement as well as a correlation between ratings and proxy votes.
CR Reporting on Upswing, but Improvements in Implementation and Assurance are Needed (11/09)
KPMG surveys the state of Corporate Responsibility reporting among the world's largest companies, and helps the Global Reporting Initiative produce a database of corporate sustainability disclosures.
I Was Never a Climate Change Skeptic, Physicist Richard Muller Now Says (11/08)
In a study partly funded by the Koch brothers, a team of Berkeley physicists conclude that climate change is real and that studies debunked by skeptics were in fact accurate.
Crowdfunding to Help Small Business Development in Underserved Communities (11/07)
Opportunity Finance Network and Starbucks collaborate on Create Jobs for USA, which will leverage donations to fund small business job creation in communities hit hardest by the recession.
Populist Outrage Takes on Big Banks (11/05)
Today is Bank Transfer Day, and consumers are encouraged to move their accounts from megabanks to credit unions and community development banks.
New SJF Ventures Fund Is Designated a SBIC Impact Fund (11/04)
The North Carolina-based venture capital partnership receives green light to capitalize a $75 million fund that will invest in cleantech startups in low-to-middle income communities.
Investors Call on SEC to Regulate Corporate Political Spending (11/03)
SocialFunds.com talks with Adam Kanzer of Domini Social Investments about the investor effort to persuade the Securities and Exchange Commission to consider regulation of corporate political spending. Second of a two-part series.
Democrats Seek to Limit Corporate Political Spending (11/02)
A group of Senators introduces a constitutional amendment that would authorize Congress to regulate political spending and allow states to do so. First of a two-part series.
ISS Seeks Investor Input for Revised Proxy Voting Policies (11/01)
Institutional Shareholder Services says the comment period for the 2012 update of its proxy voting policies will run through November 7th.
Business Partnership Supports Administration's Goals for Climate Change Adaptation (10/31)
Calvert Investments and other companies form the Partnership for Resilience and Environmental Preparedness to support business cooperation in developing a national strategy for adapting to climate change.
Will California Law Help Eradicate Human Trafficking? (10/29)
A white paper from Verite argues that companies need to go beyond compliance with the law to effectively address forced labor and human trafficking throughout their supply chains.
Index Ranks Companies on Political Spending Disclosure (10/28)
The Center for Political Accountability collaborates with the Zicklin Center for Business Ethics Research in the Index of Corporate Political Disclosure and Accountability, which ranks companies in the S&P 100 according to their disclosure and board oversight of political spending.
More Alternative Investment Funds are Embracing ESG (10/27)
US SIF and Tellus Institute report that sustainable investment strategies by alternative investment funds increased to $80.9 billion in assets under management by 2011.
CDFIs from Maine and Pennsylvania are 2011 NEXT Awardees (10/26)
Coastal Enterprises will expand its Working Partner Initiative, while The Progress Fund will expand and support replication of its Trail Town Program.
More Fodder for Uprising Against Economic Inequality (10/26)
The Congressional Budget Office reports that household income of the top one percent grew by 275% between 1979 and 2007.
Murdoch to Shareowner Activists: the Polls are now Closed (10/25)
Julie Tanner of Christian Brothers Investment Services describes the frustration of advocating for governance reforms at the annual meeting of scandal-plagued News Corp.
Time to Improve the Equator Principles, BankTrack Says (10/24)
As the Equator Principles Association prepares a draft of new principles, BankTrack calls for increased transparency and more attention to climate change and human rights.
How Occupy Wall Street and Sustainable Investment are Aligned (10/21)
SocialFunds.com talks with Sonia Kowal of Zevin Asset Management about social unrest and its impact on the prospects for long-term sustainable investment.
Ignoring Stalemate in Congress, States Still Embrace Energy Efficiency (10/21)
Massachusetts displaces California in the American Council for an Energy-Efficient Economy's fifth study of states' energy efficiency efforts.
New Green Bonds Product Will Support Climate Protection (10/20)
State Street Global Advisors says its High Quality Green Bond product will invest in green bonds issued by supranational or multilateral development banks.
Investors Managing $20 Trillion in Assets Call for Climate Change Policies (10/19)
A coalition of 285 institutional investors say that effective domestic policies and a binding international agreement are needed to spur private investment in clean technologies.
Why the Newsweek Green Rankings are Important (10/18)
SocialFunds.com talks with Cary Krosinsky of Trucost about the methodology and the significance of the findings of this year's results.
Munich Re and IBM Lead Companies in Newsweek's 2011 Green Rankings (10/17)
IBM moves up from third place finish last year to first in US, and HP ranks second for second year in row; Dell drops from first to fifth, and Munich Re tops list of global companies.
Billion Dollar Green Challenge to Universities: $1 Billion in Green Energy Investments (10/15)
32 universities already commit $65 million to self-managed green revolving funds.
News Corp, Nine Other Firms Singled out for Poor Governance (10/14)
GMI Risk List highlights ten companies with poor governance issues and other ESG-related concerns.
Greenhouse Gas Protocol Sets Standards for Scope 3 Reporting (10/13)
A new report provides guidance to companies for reporting on indirect emissions in their supply chains.
GRI Proposes Reporting Guidelines for Ecosystem Impacts (10/12)
With health of global ecosystems at risk, the Global Reporting Initiative proposes reporting on ecosystems impacts that go beyond general environmental reporting.
SRI in the Rockies: Moskowitz Prize Winner Presents Paper (10/11)
Co-author Sadok El Ghoul explains how corporate social responsibility lowers cost of equity.
Proxy Firm Tells US Investors to Oust News Corp Directors (10/10)
Citing concerns about objectivity and independence, Glass Lewis advises shareowners to vote against six of the media giant's directors.
SRI in the Rockies: Public Policy as a Strategic Tool for Sustainable Investment (10/08)
Leading voices for shareowner action discuss public policy engagement at this year's SRI in the Rockies conference.
SRI in the Rockies: CDFI Fund Director Donna Gambrell Delivers Keynote Address (10/08)
Gambrell challenges sustainable investors to help "realize the tremendous potential that exists for a partnership" with the CDFI industry.
Mainstream Support for Environmental Resolutions Grows (10/07)
A resolution calling for a report on social and environmental risks to Smuckers coffee business, filed by sustainable investors, gains wide support from mainstream shareholders as well.
Asian Companies Show Improvement in ESG Reporting (10/06)
As sustainable investors increasingly turn their attention to emerging markets, EIRIS finds that environmental, social, and governance (ESG) performance by Asian companies needs improvement.
Almost 500 Firms Asked to Disclose Political Spending (10/04)
Citing the risks posed to corporations by Citizens United, the Center for Political Accountability asks companies to adopt disclosure on political spending in advance of 2012 proxy season.
Pension Funds in US Slow to Add Sustainable Investment Options (10/03)
US SIF survey of ESG uptake by defined contribution plans reveals that while most respondents have little or not understanding of sustainable investment, most expect an increase in interest in next five years.
Winner of 2011 Moskowitz Prize for Socially Responsible Investing is Announced (10/03)
The winning paper, announced tonight at SRI in the Rockies, finds that cost of equity capital is lowered for companies with good corporate social responsibility practices.
New Equity Fund to Invest $25 Million in East African Agribusiness (09/30)
Members of the Global Impact Investing Network will invest $25 million to grow small and medium-sized enterprises in the agricultural sector of the region.
Council of Institutional Investors Analyzes Say-on-Pay Proposals (09/29)
A report from the CII finds that pay for performance issues were cited most often by institutional investors as the reason for voting against management proposals.
ICCR Celebrates Forty Years of Shareowner Activism (09/28)
More than 300 attend event that included a panel discussion on corporate responsibility and an eloquent address by Paul Neuhauser on shareowner action to end apartheid in South Africa.
Investors Call for Mandatory Integrated Reporting (09/27)
The Corporate Sustainability Reporting Coalition, led by Aviva Investors, urges United Nations member states to require companies to include sustainability issues in annual financial reporting.
Sysco Agrees to Report to CDP Water (09/26)
CalSTRS withdraws shareowner resolution after foodservice giant agrees to transparent sustainability management strategies.
Clinton Praises $10 Billion Green Infrastructure Investment (09/24)
The Investment and Training for American Infrastructure, launched by the AFL-CIO and the American Federations of Teachers, commits $10 billion in investment in energy-efficient infrastructure improvement and will train 140,000 workers.
Despite Court Ruling, Opportunity for Proxy Access Remains (09/23)
SocialFunds.com talks with corporate governance advocate James McRitchie about the challenges and potential benefits provided by SEC Rule 14a-8, which was left standing when Rule 14a-11 was struck down.
Ceres Issues Proxy Voting Guidance (09/22)
A new report argues that institutional investors without clear guidelines on sustainability issues run the risk of breaching their fiduciary duty.
US Companies Don't Wait for Regulation, Address Climate Change to Compete (09/21)
The Carbon Disclosure Project's survey of S&P 500 companies finds that the number integrating climate change into business strategies nearly doubles.
Sustainability Issues Persist but Urgency to Address them Declines (09/20)
A survey of sustainability experts finds that while issues such as energy, climate change, and water scarcity remain critical, a sense of urgency in dealing with them is declining.
Trillium Wraps Up 2011 Proxy Season (09/19)
Asset management firm's resolutions led to successful engagement on environmental reporting, political spending, and Internet privacy.
CalPERS to Quadruple Investment in California Infrastructure (09/17)
Pension fund earmarks $800 million for investments of at least $150 million in infrastructure projects that support essential community services.
More Large Companies Have Climate Change Strategies (09/16)
In its most recent annual report, the Carbon Disclosure Project finds that for the first time a majority of Global 500 companies integrate climate change into business strategies.
International Integrated Reporting Committee Proposes Integrated Reporting Framework (09/15)
With input from investors and other key stakeholders, the IIRC publishes a discussion paper for the convergence of financial and sustainability reporting.
CDP Explains Benefits of Cloud Computing (09/15)
The Carbon Disclosure Project finds that the transition to cloud computing could lead to energy cost savings of $12.3 billion by 2020, and carbon reductions of 85.7 million metric tons.
Investors Continue to Press SEC on Proxy Access (09/14)
Institutional investors with $2 trillion in assets urge the Securities and Exchange Commission to issue regulations allowing proxy access.
Scoreboard Details Increased Investment in Green Economy (09/13)
The Green Transition Scoreboard of Ethical Markets Media finds that private sector investment in green companies and technologies is likely to reach $10 trillion by 2020.
Google Finally Comes Clean on Energy Usage (09/12)
The IT giant's energy consumption continues to grow, but with the help of renewable energy sources and the purchase of carbon offset credits the company claims to have been carbon neutral since 2007.
Dow Jones Sustainability Indexes Completes Annual Update (09/10)
Medtronic and Goldman Sachs are added, while Coca-Cola, Hewlett-Packard, and Microsoft are dropped.
PRI Issues 2011 Report on Progress (09/09)
While integration of environmental, social, and corporate governance factors remains limited as a proportion of the global market, the report indicates that such integration is growing across asset classes.
Sustainable Initiatives Supported by Fixed Income Investing (09/08)
A white paper from Community Capital Management describes five categories of fixed income investments that can support environmental and social goals while providing competitive returns.
Book Review: Tropic of Chaos, by Christian Parenti (09/07)
Author Christian Parenti writes of how the catastrophic convergence of poverty, violence, and climate change is already destabilizing regions of the world, and of the worldwide conflagration that is likely to occur if climate change remains unchecked.
PRI Launches Farmland Initiative (09/06)
Eight institutional investors join to develop the Principles for Responsible Investment in Farmland, to ensure that investment in farmland is sustainable and transparent.
Report Surveys Ten-Year Performance of Community Development Banking Institutions (09/05)
The National Community Investment Fund reports that community development banking institutions have risks and returns comparable to mainstream banks, while offering far greater social impact.
Real Estate Industry Demonstrates Benefits of Energy Efficiency (09/03)
The findings of a report by the Global Real Estate Sustainability Benchmark Foundation suggest that real estate funds and companies have improved their environmental performance since 2009.
Insurers Unprepared for Climate Change (09/02)
A report from Ceres analyzes responses from insurance companies to a survey by the National Association of Insurance Commissioners, and calls for mandatory disclosure to correct failures of risk management.
Investors Support Call for SEC Rulemaking on Political Spending (09/01)
The International Corporate Governance Network writes to the Securities and Exchange Commission in support of petition from academics calling for regulation of corporate political spending.
SEC Considering Oversight of Hydraulic Fracturing (08/31)
As investor concerns over the risks of hydraulic fracturing increase, news reports indicate that the Commission is asking companies for information relating to chemicals used in the practice.
Will Howard Schultz Reform Corporate Political Spending? (08/30)
The Starbucks CEO has called on fellow executives to boycott personal contributions because of political gridlock in Washington, but will his campaign lead to greater scrutiny of corporate political spending?
Cap-and-Trade Program for Water Quality Advances (08/29)
The Electric Power Research Institute receives a $1 million grant from the US Department of Agriculture for its Ohio River Basin Water Quality Trading Project, which seeks to improve watersheds at lower cost.
Increased Support for Shareowner Proposals in 2011 (08/27)
Reports on 2011 proxy season by ISS and Ernst & Young reveal that shareowner support for social and environmental proposals continues to grow.
Bond Program Will Increase Funding for CDFIs (08/26)
Mark Pinsky of the Opportunity Finance Network talks with SocialFunds.com about the CDFI Bond Guarantee Program, which will allow community development financial institutions to access $3 billion in guaranteed financing.
Investors Urge SEC to Pursue Proxy Access (08/25)
The Council of Institutional Investors describes proxy access as its "number one priority" in a letter to the Commission.
AfricaSIF Co-Founder Describes Challenges to Sustainable Investment in Africa (08/24)
Graham Sinclair talks with SocialFunds.com about a recent report he authored on sustainable investment in sub-Saharan Africa, and the challenges to mainstreaming the practice on the continent.
Report Details State Legislation Supporting Green Building (08/23)
The US Green Building Council finds that despite widespread concern over budget deficits, at least 30 pieces of legislation addressing green building have been enacted by states in 2011.
Disclosure by Extractive Industries Could Help US Taxpayers (08/22)
The Office of Natural Resource Revenue writes to the Securities and Exchange Commission in favor of rules requiring disclosure of payments to governments, stating that they could help ensure that energy companies are reimbursing US taxpayers.
Investors Call on Oil Companies to Consider Halting Operations in Syria (08/21)
Institutional investors that are members of the Conflict Risk Network, referring to the Guiding Principles on Business and Human Rights, ask oil companies to condemn the harsh crackdown on demonstrations by the Syrian government of Bashar al-Assad.
Can Shell Be Trusted with Drilling in Arctic? (08/20)
The company's permit from the Interior Department to drill in the Arctic precedes by days an oil spill in the North Sea, and follows a UN report critical of its acceptance of responsibility for oil spills in Nigeria.
Trucost Environmental Data to Reach More Investors (08/19)
The environmental research provider partners with FactSet to add environmental risk management to the financial research company's offerings to clients.
FairPensions Publishes Guide to Shareowner Resolutions (08/18)
Building on the success of shareowner action over oil sands development, FairPensions guides NGOs and institutional investors through the process of filing resolutions in the UK.
Community Development Financial Institutions Anticipate Expanding Services (08/17)
Mark Pinsky of Opportunity Finance Network talks with SocialFunds.com about the challenges and opportunities of providing financial products and services to low-income communities over the next 15 years.
Shareowners Pressure Smucker's on Climate Change (08/16)
Noting insufficient attention to the impact of climate change in the company's sustainability report, Calvert Investments and Trillium Asset Management call for a report on social and environmental risks to its coffee business.
Media Company Launches Carbon Offsets Portal (08/15)
REDDcarbonCredits seeks to inform sustainable investors about carbon offsets to decrease deforestation, which is responsible for 20% of the world's greenhouse gas emissions.
The Conference Board Forms Committee on Corporate Political Spending (08/13)
After collaborating last year with the Center for Political Accountability on a Handbook on Corporate Political Activity, the Board seeks to educate its member businesses on the issue in advance of the 2012 elections.
Investors Ask Companies to Send Trade Associations to Neutral Corner (08/12)
Walden Asset Management and Calvert Investments write to companies on the boards of the Chamber of Commerce and the National Association of Manufacturers, urging them to ask trade associations to end campaign against EPA regulation of climate.
Investors Call for Improved Governance at News Corp (08/11)
In the aftermath of phone hacking and bribery scandals at the media company, members of the Interfaith Center on Corporate Responsibility call for separation of Chair and CEO positions and elimination of dual-class stock structure.
Oxfam Commends IFC for Revised Sustainability Framework (08/11)
The IFC now says that its investments in private sector enterprises in developing countries will require Free Prior and Informed Consent and payments to host governments by companies in the extractive industries.
Sustainable Investors Respond to European Corporate Governance Report (08/10)
Eurosif and UKSIF submit responses to the European Commission's green paper of corporate governance, calling for measures to improve board oversight, corporate reporting, and shareowner engagement.
Investor Group Supports Australian Carbon Tax (08/09)
The Investor Group on Climate Change argues that industry opponents to the proposed tax of $25 per ton of carbon emissions have issued "misleading or mistaken" statements.
New Research Supports Outperformance of ESG Portfolios (08/08)
A white paper by RCM studies data compiled by MSCI ESG Research and finds that a portfolio comprised of best-in-class companies outperforms benchmark over five years.
Community Development Banks: Too Important to Fail (08/06)
The National Community Investment Fund reports that the risks and returns of Community Development Banking Institutions are similar to traditional banks, but that they have far greater social impact.
Barron Partners Forms Solar Energy Company (08/05)
The private equity firm states that the goal of Soltas Energy is the installation of one gigawatt of solar power systems by 2016, and anticipates employing over 1,000 Americans.
Corporate Political Spending Will be a Major Issue in 2012 (08/04)
In the wake of successful shareowner votes during the 2011 proxy season, the Center for Political Accountability and The Conference Board collaborate on initiatives to increase transparency and board oversight of the practice.
Finalists for 2011 Wachovia Wells Fargo NEXT Awards are Announced (08/03)
The annual awards are given to community development financial institutions that demonstrate innovative solutions for economically distressed communities and underserved people in the US.
Book Review: Dilemmas in Responsible Investment (08/02)
Authors Celine Louche and Steve Lydenberg seek to prepare mainstream investment professionals for navigating the increasingly complex practice of sustainable investment.
Wealth Gaps Between Whites and Minorities at Record Levels (08/01)
A new study from the Pew Research Center confirms that the recession has had a far greater impact on Blacks and Hispanics than on Whites.
Shanghai Stock Exchange to Launch Sustainable Development Industry Index (07/30)
The components of the Index will include companies engaged in energy efficiency as well as renewable energy and other low-carbon operations.
Investors to Obama and Congress: Raise the Debt Ceiling (07/29)
A group of asset managers and owners warn that inaction could lead to a downgrading of US debt and threaten the savings of pension plan beneficiaries.
Is the Carbon Bubble About to Burst? (07/28)
The Carbon Tracker Initiative finds that if global warming is to be contained, 80% of fossil fuels must remain unburned, leaving asset owners with holdings in the fossil fuels industries at risk.
What Is the Real Social Cost of Carbon? (07/27)
A new report from the Economics for Equity and the Environment Network argues that the figures arrived at by the US government are far too low, and that climate change mitigation is far less expensive than climate damage.
TIAA-CREF Publishes 2011 Socially Responsible Investing Annual Report (07/26)
The report describes the accomplishments of the $470 billion financial services company in promoting sustainable investment according to environmental, social, and corporate governance (ESG) criteria.
Court of Appeals Strikes Down SEC Rule on Proxy Access (07/25)
The Court agreed with the Chamber of Commerce in finding that the rule, which would have allowed shareowners to have their nominees for boards of directors included in proxy materials, was "arbitrary and capricious."
Bill Would Give Federal Employees a Sustainable Investment Option (07/23)
Congressman Jim Langevin reintroduces the Federal Employees Responsible Investment Act, which would provide a Corporate Responsibility Index as an investment option for federal employees.
EIRIS Notes Some Progress in ESG Performance of Vedanta Resources (07/22)
One year after finding that the mining company had breached international norms in its Indian operations, the sustainable investment researcher sees signs of progress on some fronts but insufficient attention paid to risk management.
Sustainable Investment in Sub-Saharan Africa Is Growing (07/21)
A report by IFC finds that private equity and sustainability initiatives undertaken in South Africa have led to $125 billion in sustainable investment in Kenya, Nigeria, and South Africa.
UKSIF Reflects on Twenty Years of Growth in Sustainable Investment (07/20)
A report issued by the organization celebrates the growth of sustainable investment in the UK to $1.5 trillion, while acknowledging that more needs to be done to meet national emissions reduction and renewable energy goals.
Shareowners Amend Lawsuit Against News Corporation (07/19)
In an amended lawsuit, Amalgamated Bank argues that ineffective oversight by a board that has consistently been given an F rating by GovernanceMetrics International contributed to the phone hacking scandal now engulfing the company
Gilead Sciences Joins the Medicines Patent Pool (07/18)
Gilead becomes the first pharmaceutical company to form a licensing agreement with the Pool, and will provide its HIV and Hepatitis B drugs at low cost to developing countries.
Investors Call for International Treaty on Conventional Arms (07/16)
Twenty-one institutional investors and signatories to the Principles for Responsible Investment argue that the Arms Trade Treaty will protect investors by addressing the irresponsible transfer of conventional weapons.
Governance & Accountability Institute Chosen as Global Reporting Initiative Data Partner (07/16)
The Institute is the GRI's only US-based Data Partner, and will monitor and collect the sustainability reports of US-based corporations.
ImpactAssets Seeks to Administer $1 Billion in Impact Investing Assets (07/15)
Ten years after developing the Giving Fund for the Calvert Foundation, Tim Freundlich talks with SocialFunds.com about the nonprofit's efforts to catalyze investment for environmental, social, and financial impact.
ICCR Launches Initiative to Improve Social Sustainability Measures (07/14)
The Social Sustainability Resource Guide argues for a focus on long-term impacts of corporate activities in communities, and emphasizes a multi-stakeholder approach in addressing social issues.
Urgently Needed: Nothing Short of a Technological Revolution (07/13)
A new report by the UN Department of Economic and Social Affairs warns that steps taken thus far to address climate change and food security are woefully insufficient, and argues that $1.9 trillion per year must be spent to end poverty and avert effects of climate change.
EPA Finalizes Cross-State Air Pollution Rule (07/12)
The rule covers emissions in 27 states in the eastern US and is expected to save as much as $280 billion a year in health and environmental costs.
Investment in Renewable Energy Up in 2010 (07/11)
The annual survey by the UN Environment Program of investment in renewable energy technologies finds a 32% increase in 2010, to $210 billion.
Book Review: The Age of Responsibility (07/08)
Author Wayne Visser argues that corporate social responsibility as practiced thus far has failed, and describes a world where CSR practices can contribute to genuine sustainability in meaningful ways.
From ICCR, Fewer Shareowner Resolutions but More Effective Engagement (07/07)
SocialFunds.com talks with Executive Director Laura Berry about the 2011 proxy season and her reasons for optimism over engagement with corporations.
As You Sow Reports on Investment Risks Associated with Coal (07/06)
As shareowner support grows for resolutions addressing risks of reliance on coal and coal ash, a white paper details the decline of the industry's profitability.
Council of Institutional Investors Supports Dodd-Frank Regulation of Derivatives Market (07/05)
In a letter, the CII calls on the Commodity Futures Trading Commission to reduce risk to the financial system by mandating that previously unregulated swaps meet margin requirements.
UK to Review Long-Term Performance of Equity Markets (07/04)
The review will seek to determine how to establish an equity investment regime that provides accountability and supports the long-term interests of companies and investors.
Tracking Error, Benchmarks, and Sustainable Investment Performance (07/02)
SocialFunds.com talks with George Gay of First Affirmative Financial Network about the performance of sustainable and responsible investment portfolios.
Shareowner Action Contributes to Sea Change in Corporate Governance (07/01)
GovernanceMetrics International reviews the results of the 2011 proxy season thus far, and finds that important corporate governance policies are now enshrined at most S&P 500 companies.
MSCI Launches Socially Responsible Index Series (06/29)
The indexes add exclusions of controversial industry sectors to the best-in-class criteria used by MSCI in its ESG index series.
Shareowner Support for Environmental Resolutions Continues to Grow (06/28)
Tracking by Ceres of this year's environmental resolutions reveals that the average support for hydraulic fracturing proposals increased to 40% in 2011, up from 30% in 2010.
ICCR Leads Investor Effort to Address Human Trafficking in Corporate Supply Chains (06/27)
A coalition of over 90 investors calls on 27 companies in six high-risk industry sectors to join in multi-stakeholder initiatives to combat a practice that currently enslaves tens of millions of men, women, and children.
PRI to Revamp Reporting Framework (06/25)
The Principles for Responsible Investment will introduce in 2013 a new reporting framework for signatories that is aimed to improve transparency and produce key performance indicators.
Don't Believe in Climate Change? Then Adapt for Competitive Reasons. (06/24)
SocialFunds.com talks with Hunter Lovins, author of Climate Capitalism and President of Natural Capitalism Solutions, about the business opportunities presented by adaptation to climate change.
MSCI Launches MSCI ESG Manager (06/23)
The MSCI ESG Manager, designed to help asset managers and owners manage ESG research, analysis, and compliance, includes on a single platform all of MSCI's research and analysis of companies listed on the MSCI World index.
UN Human Rights Council Endorses Guiding Principles on Business and Human Rights (06/22)
Authored by Special Representative John Ruggie, the Principles state that business enterprises are responsible for remediation of human rights violations in which they are involved.
WikiLeaks Cable Describes US State Department Efforts to Undermine Minimum Wage in Haiti (06/22)
After Haitian Parliament passed a law increasing minimum wage for textile workers to five dollars a day, US Embassy Deputy Chief of Mission David Lindwall wrote that it "appealed to the unemployed and underpaid masses."
Report Recommends Private Sector Adaptation to Climate Change (06/21)
While corporate signatories to the Caring for Climate initiative understand the risks and opportunities presented by climate change, few are taking concrete steps to formulate adaptive strategies.
ING Retirement Plan Adds Sustainable Investment Option (06/20)
ING's US Retirement Services will offer Pax World's ESG Managers Portfolios series of funds to participants in many of its defined contribution retirement plans.
Risk Management in Water-Intensive Sectors Insufficient (06/18)
EIRIS reports on corporate responses to water scarcity, finding that most demonstrate limited or no evidence of taking action to mitigate water risks.
Layne Christensen Publishes First Sustainability Report (06/17)
Despite rebuffing efforts by Walden Asset Management to engage on the issue, the company recommended a vote in favor of a resolution calling for sustainability reporting, and publishes a first report that is informed by Global Reporting Initiative guidelines.
Is Corporate Social Responsibility a Distraction? (06/16)
A paper by consultants at Dalberg Global Development Advisors argue for the return of a focus on the single bottom line of corporate profitability, but calls for a long-term horizon that coincides with the interests of sustainable investors.
Report Surveys Climate Change Strategies of Global Investors (06/15)
Three investor networks collaborate on a new report that details the different approaches to climate change among investors in North America, Europe, and Australasia.
Initiative Aims to Standardize Ratings of Corporate Social Responsibility (06/14)
Ceres and Tellus Institute announce the launch of the Global Initiative for Sustainability Ratings, which aims to provide a single standard for rating the sustainability performance of companies.
Study Compares Perception and Reality of Corporate ESG Risk Management (06/13)
A report from Brandlogic and CRD Analytics warns that companies whose reputations exceed actual performance risk loss of value due to inaccurate assumptions by key stakeholders.
CEO Compensation Rose Sharply in 2010 (06/10)
GovernanceMetrics International reports that annual compensation at S&P 500 companies increased by 35% in 2010, and the United States Proxy Exchange issues draft guidelines to help shareowners vote their say-on-pay proxies.
Report Describes Ten Years of the FTSE4Good Index Series (06/09)
The groundbreaking index series, launched by FTSE and EIRIS in 2001, has led to improved ESG performance of companies through evolving standards and corporate engagement.
Investors Call on Russell 1000 Companies to Address Sustainability (06/08)
Led by Ceres, a coalition of investors representing more than $1 trillion in assets under management writes to the CEOs of Russell 1000 companies, urging them to increase corporate attention to sustainability issues.
Report Studies Impact Investing in Emerging Markets (06/07)
Responsible Research finds that while challenges to effective measurement of social and financial benefits persist, the opportunities for impact investors in emerging markets are likely to grow.
GRI Calls for Input into New Sustainability Guidelines (06/06)
The Global Reporting Initiative announces that it will publish the G4 Sustainability Reporting Guidelines in 2013, and invites public input into their formation.
Resolutions Addressing Hydraulic Fracturing Continue to Attract Shareowner Support (06/03)
At annual meeting of Ultra Petroleum, the company refuses to permit shareowners to present their proposal, but votes in favor double that of 2010.
World Resources Institute Launches Project to Measure Water Risk (06/02)
The Aqueduct project compiles locally specific data on water risks to provide companies and investors with information to manage and reduce exposure.
Global Emissions Reach Record High in 2010 (06/01)
The International Energy Agency finds that, following a decline in global emissions in 2009, they increased by five percent over the previous record year, adding to the challenge of meeting reduction goals established at Cancun last year.
Shareowner Pressure on Hydraulic Fracturing Intensifies (05/31)
Resolutions addressing the issue at Chevron and ExxonMobil, co-filed by As You Sow and other sustainable investors, win substantial shareowner support, and Ultra Petroleum declines to release results of vote at its annual meeting.
Shadow Banking Scrutinized for Role in Financial Crisis (05/30)
A report from Standard & Poor's details the effect of unregulated financial institutions on the financial crisis, and calls for regulatory oversight based on function rather than institutional charter.
National Association of Manufacturers Board Members Asked to Clarify Their Positions on Climate Change (05/28)
A coalition of investors points out misalignment between the climate change positions of 43 corporations and that of the trade association on whose board they sit, and asks for clarification.
As Violence Erupts Again in Sudan, Investors Call for Engagement (05/27)
An Investor Statement by the Sudan Engagement Group of the Principles for Responsible Investment, issued before this week's occupation of Abyei, calls for awareness of risks associated with doing business in conflict areas.
Ernst & Young Buys Assets of Proxy Governance (05/26)
The purchase of the proxy advisory firm's assets will add to Ernst & Young's newly established Corporate Governance Group.
Trillium Asks SEC to Investigate Chevron Disclosures (05/25)
Discrepancies in assessing the impact on the company of an $18 billion judgment in Ecuador raise questions about the disclosures included in SEC filings.
Investors Call for End to Human Trafficking in Corporate Supply Chains (05/24)
The Interfaith Center on Corporate Responsibility issues a statement detailing ethical and financial cases for addressing human trafficking in supply chains, and sends letters to 25 companies calling for comprehensive policies on the issue.
Guide to Auditing Is Designed to Help Investors (05/23)
The Center for Audit Quality publishes an In-Depth Guide to Public Company Auditing, to help individual investors understand the auditing process and its role in assuring accurate financial reporting.
CalSTRS To Include ESG in Discussions with Asset Managers (05/21)
At the Ceres Conference 2011, the pension fund announces that all performance-based discussions with its external managers will include how they are incorporating environmental, social, and corporate governance (ESG) factors into investment strategies.
CalPERS Will Integrate ESG Considerations Across all Asset Classes (05/20)
At the Ceres Conference 2011, CalPERS CEO Anne Stausboll announces that the pension fund will expand its integration of environmental, social, and corporate governance (ESG) factors to include all five asset classes in which it invests.
News Corporation Adopts Political Spending Policy (05/19)
The Nathan Cummings Foundation calls on the owner of Fox News and the Wall Street Journal to add board oversight and payments to trade associations to the policy.
Genocide-Free Investing Proposal Wins Support at JPMorgan (05/18)
A first-time resolution requesting that the company institute procedures to prevent investment in companies that contribute to genocide, submitted by Investors Against Genocide, wins 7.69% of shareowners' votes.
Chevron's Disclosures to Investors on Risks Associated with Ecuador are Questioned (05/17)
As shareowners file resolutions addressing environmental and human rights risks, a new report finds discrepancies between Chevron's court statements and disclosures in its annual report.
SEC Allows TIAA-CREF Omission of Shareowner Resolution on Israel Divestment (05/16)
Shareowner activists led by Jewish Voice for Peace requested that the pension fund engage with companies that profit from Israeli occupation, and divest if engagement proves unsuccessful.
LeapFrog Investment in East African Microinsurer Is the Largest in African History (05/14)
The fund invests $14 million in Apollo Investment to provide insurance coverage to 7.9 million self-employed people in Africa.
Decades of Shareowner Engagement with Tobacco Companies Yield Mixed Results (05/13)
SocialFunds.com talks with Reverend Michael Crosby, an ICCR member who since 1980 has filed shareowner resolutions addressing health issues, marketing tobacco products to children, and human and labor rights for tobacco farmworkers.
Should Goldman Sachs Face Criminal Charges? (05/12)
The report on the financial crisis by the Senate Subcommittee on Investigations details how the investment bank created conflicts of interest by profiting from the financial products that caused losses for its clients, and urges regulators to consider possible violations of law.
B Lab Advocates for Legislation Allowing Corporations to Have a Social Mission (05/11)
The nonprofit has certified more than 400 companies as B Corps, while advocating for benefit corporation legislation that has passed in four states thus far.
Protestors Arrested at Wells Fargo Meeting (05/10)
As the protestors call for a moratorium on foreclosures by the bank, a shareowner proposal calling for an audit of foreclosure practices wins support.
Citi Adds ESG Cash Collateral Management Option to Securities Lending (05/09)
The bank partners with Sustainalytics to provide a sustainable investment option for its securities lending cash collateral investment program.
The State of Sustainable Investment in Canada (05/07)
The Social Investment Organization publishes its biennial study of sustainable investment in Canada, and reports that despite the impact of the financial crisis the uptake of sustainable investment strategies by asset managers has increased.
How Companies Should Respond to ESG-Related Shareowner Resolutions (05/06)
Ernst & Young publishes a white paper that traces the increase in resolutions addressing environmental, social, and corporate governance issues, and advises companies to recognize the link between sustainability and financial performance.
BP to Pay $85 Million for Oil Spills in Alaska (05/04)
The company agrees to pay $25 million in civil penalties and $60 million for pipeline improvements after "gross negligence" led to spills of more than 5,000 barrels of oil on Alaska's North Slope in 2006.
Institutional Shareowners Debate Corporate Governance (05/03)
In a panel discussion held during the Milken Institute Global Conference, hot topics such as executive compensation, board diversity, and government regulation are addressed.
European Commission to Investigate Antitrust Violations by Banks (05/02)
The Commission will investigate possible collusion among 16 banks in the marketing of credit default swaps.
Resolution Calls for Board Diversity at American Financial Group (05/01)
Calvert and the Evangelical Lutheran Church request that the company, which has no women or minorities on its board or in senior management, adopt a policy to ensure that diversity is considered in board nominations.
Shareowners to Vote on Motorola's Human Rights Policy (04/30)
As charges of complicity with the Israeli occupation of Palestinian lands mount and organizations call for divestment, ICCR members seek to reform the company's human rights policy with a shareowner resolution.
First-Ever Fifth Analyst Call Takes Place (04/29)
More than 50 investors participate in Fifth Analyst Call with Occidental Petroleum, in which corporate governance issues relating to executive compensation and board composition are discussed.
FTSE and EIRIS Launch Ratings of Corporate ESG Performance (04/28)
The Ratings build upon ten years of collaboration on the FTSE4Good Index Series, and aim to provide institutional investors with a system for measuring the ESG practices of public companies.
Report Finds Support for ESG Benefits over Long Term (04/27)
A new report by risklab anticipates a renewed investor focus on growth assets, and finds that consideration of environmental, social, and corporate governance factors can lead to substantially reduced risks.
Resolution on Coal Waste Management Wins Substantial Shareowner Support (04/26)
Forty-six percent of Ameren shareowners back a resolution by the Midwest Coalition for Responsible Investment for greater disclosure on coal waste management.
Governance Resolution at Moody's Wins Majority Support (04/25)
A resolution calling for the separation of the positions of CEO and Chairman of the Board receives 56% of shareowner votes.
Proxy Season Opens for Big Banks (04/22)
At Citigroup, resolutions calling for an independent audit of foreclosure practices and the restoration of confidence in the financial system receive shareowner support.
Even After Gulf Disaster, Engagement on Deepwater Drilling Frustrates Investors (04/21)
While shareowner activists consider next steps in engagement with BP, industry responses to a letter from Ceres indicates resistance to an independent safety organization. Second of a two-part series.
Inside BP's Annual General Meeting (04/20)
One year after the oil spill, BP's annual meeting draws protests from Gulf Coast residents as well as a campaign by sustainable investors to vote against the company's annual report. First of a two-part series.
HSBC Contracts with Bulgaria to Fund Nuclear Power Plant in Seismic Area (04/19)
As radiation continues to escape the crippled Japanese plant, BankTrack criticizes HSBC's decision as "incomprehensible," and MSCI issues report questioning the credibility of the nuclear industry.
New Fund Will Invest in Clean Tech in Louisiana (04/18)
SAIL Capital Partners launches the Louisiana Sustainability Fund, which will invest in sustainable businesses in Louisiana and mitigate risk by focusing on established later-stage growth companies.
Engagement Seeks to Increase Recycling of Consumer Products and Packaging (04/15)
As You Sow wins commitments from three major bottlers to adopt Extended Producer Responsibility policies, and expands its engagement to include other major consumer product companies.
Trends Point Toward a Growing Surge in Community Investing (04/14)
The Social Investment Forum identifies a tenfold increase in community investing over ten years, to which continued government funding and frustration with the abusive practices of big banks have contributed.
Investors Urge EPA to Review Proposed Alaska Pebble Mine (04/14)
Led by Calvert and Trillium Asset Management, the investor coalition joins local activists to warn of potential ecosystem degradation if permits for proposed mine are approved.
New Sustainability Indexes to Feature Transparent Methodology (04/13)
STOXX and Sustainalytics partner on a series of environmental, social, and governance (ESG) whose transparent methodology allows investors to understand factors determining company ratings.
Investors to Vote Against BP's Annual Report (04/12)
One year after the Gulf of Mexico disaster, the investor coalition contends that BP's accounts and reports lack disclosure of information about the company's strategy.
Mutual Fund Votes for Climate Resolutions Decline (04/11)
Ceres and Fund Votes conduct annual survey of voting by mutual funds on shareowner resolutions relating to climate change, and find they have declined for first time since 2007.
Diverse Stakeholders Support SEC Regulation of Conflict Minerals (04/08)
Both investors and a multi-stakeholder group of companies, nongovernmental organizations, and investors contribute to rules that will require companies to disclose whether they use conflict minerals originating in the Democratic Republic of the Congo.
Pax World Launches Campaign to Promote Gender Diversity of Corporate Boards (04/07)
Citing studies indicating that board diversity improves financial performance, CEO Joe Keefe asks investors to adopt proxy voting policies that encourage the election of women to boards of directors.
New CDP Initiative Requests that Companies Move Beyond Reporting to Action on Climate Change (04/06)
Thirty-four institutional investors partner with CDP Carbon Action to ask companies in FTSE Global Equity Index to demonstrate that they are managing carbon emissions effectively.
Shareowner Activists to Bypass Proxy Ballot in Addressing Board Membership at Chamber of Commerce (04/05)
A coalition of investors led by Walden Asset Management plans to introduce resolutions from the floor of Annual General Meetings of six companies, asking them to compare their own policies, priorities and actions to those of the Chamber.
2011 College Sustainability Report Card is Published (04/04)
In its annual evaluation of the campus and endowment sustainability activities at colleges and universities with the largest endowments in the United States and Canada, the Sustainable Endowments Institute recognizes 23 as Endowment Sustainability Leaders.
Investors Urge Congress to Let EPA Regulate Greenhouse Gas Emissions (04/02)
As the Agency's authority to regulate emissions comes under attack, sustainable investors argue that inconsistent climate policies are already damaging the US economy.
SEC Allows Proposal for Genocide-Free Investing on JPMorgan Proxy Ballot (04/01)
SocialFunds.com speaks with Eric Cohen of Investors Against Genocide about its strategy to expand upon engagement with mutual funds to seek a fundamental change on the issue in the financial industry.
Appleseed Fund Launches Institutional Share Class (03/31)
Designated by Morningstar as the top performing mid-cap fund over the past three years, the Fund invests in sustainable companies while excluding sin stocks and too-big-to-fail banks.
Guiding Principles on Business and Human Rights are Published (03/30)
Professor John Ruggie, the UN Secretary-General's Special Representative for Business and Human Rights, provides a common platform for adoption of the Protect, Respect and Remedy Framework by states, business, and victims of human rights violations.
Harrington Investments Divests Chesapeake Energy (03/29)
The investment advisory firm says the natural gas drilling company's poor environmental and executive compensation performance are reasons for divestment.
Criticism of Nuclear Power Increases Following Disaster in Japan (03/28)
As high levels of radiation continue to escape Japanese nuclear reactors, RepRisk issues a special report on risks associated with nuclear power.
Definitions May Vary, but Sustainable Investment Can Outperform (03/25)
A review of recent academic literature on sustainable investment by Kimberly Gladman of GovernanceMetrics International finds that incorporating environmental, social, and corporate governance factors can improve investment performance.
Investors Note Success in Engagement on Water Issues (03/24)
Ceres announces that resolutions on water management filed with three electric utilities have been withdrawn after successful engagement.
Contracts Between Asset Owners and Fund Managers Should Include Language on ESG Risks (03/23)
The Model Mandate Initiative of the International Corporate Governance Network proposes contract terms that include long-term risk assessment, codes for stewardship of active ownership, and mandates for transparency.
Oxfam Urges Obama to Support El Salvador Mining Ban (03/22)
On the occasion of the President's visit to the country, Oxfam calls on him to support the government in a trade dispute with a gold mining company.
Markets for Clean Technologies Continue to Grow (03/21)
A report from Clean Edge compares the 2010 performance of clean-tech companies to its projections in 2001, and finds increased growth in revenues and venture capital investment.
Criminal Charges Likely in Probe of Former CalPERS CEO (03/18)
A report commissioned by the California Public Employees' Retirement System details evidence of corruption in the relationship between its former CEO and a placement agent.
New Research Finds Few Companies Prepared for Effective Sustainability Management (03/17)
A report by oekom research finds that while sustainable investment is growing globally, few companies are adequately prepared to measure and improve their sustainability performance.
Treasury Awards $3.5 Billion in New Markets Tax Credits (03/16)
The Community Development Financial Institutions Fund allocates $3.5 billion to 99 organizations to promote growth in communities with high rates of poverty and unemployment.
European Commission Issues Roadmap for Emissions Reductions by 2050 (03/15)
In response to the publication of Roadmap 2050, the Institutional Investors Group on Climate Change calls on policy makers to encourage the private investment necessary to meet reduction targets.
Delta Is First Major Airline to Sign Code to Combat Child Sex Tourism (03/14)
ECPAT-USA announces that airline has joined almost 1,000 global companies in signing commitment to protect children from sexual exploitation in the travel and tourism industries.
Top Consumer Brands Lag on Climate Change (03/11)
A report by EIRIS analyzes the climate change performance of the world's top 100 brands and finds that most are failing to adequately address risks.
Underrepresentation of Women on Boards Persists (03/10)
A report by GovernanceMetrics International finds that despite new legislation in several countries mandating board diversity, the percentage of women on boards has barely increased since 2009.
Film Review: Inside Job (03/09)
Writer-director Charles Ferguson's Oscar-winning documentary explores the roots of the financial crisis and the global recession that followed.
Will Corporate Governance Reform Become Reality? (03/08)
A report from the United Nations Conference on Trade and Development documents corporate governance failures that led to the financial crisis and provides recommendations for reform.
Demonstrations Call for End to World Bank Investment in Fossil Fuels (03/07)
NGOs orchestrate demonstrations at offices of the World Bank, calling on it to return to its mission of fighting poverty by ending its funding of fossil fuel projects.
Investors Call for Immigration Reform that Protects Undocumented Immigrants (03/04)
A coalition of more than 60 institutional investors advocate for reform measures that provide for economic growth while protecting the human rights of immigrants.
Fifth Analyst Call Would Add Governance Issues to Talks with Issuers (03/03)
SocialFunds.com talks with Elizabeth McGeveran of F&C and Deborah Gilshan of Railpen about a proposal for annual dialogue between investors and companies on corporate governance.
Companies and Shareowners Differ on what Engagement Means (03/02)
Benchmarking of views on engagement by investors and issuers finds that changes in corporate behavior is most likely when shareowners are in agreement on an issue.
Investors Urge Oil Companies to Suspend Payments to Libya (03/01)
Citing human rights risks, the Conflict Risk Network recommends that oil companies in Libya place revenue payments in a Recovery Fund in order to avoid helping the government in its attacks on civilians.
iShares Launches Sustainable ETFs (02/28)
Two new sustainable equity exchange-traded vehicles will track the Dow Jones Sustainability Indexes and trade on the London Stock Exchange.
Report Offers Guidance to Companies on Climate Change Disclosure (02/25)
Ceres identifies areas that companies should address in their climate change reporting, and provides examples of what constitutes best practice at present.
As You Sow Publishes Proxy Preview 2011 (02/24)
Following record-breaking support in 2010, shareowner activists have filed 359 shareowner resolutions addressing ESG issues in 2011.
Is SRI 3.0 Ready for Mainstream? (02/23)
Farnum Brown of Trillium Asset Management argues that improved environmental, social, and corporate governance data will lead to the mainstreaming of sustainable investing.
SEC is Urged to Issue Regulations Mandating Reporting on ESG Issues by Extractive Industries (02/22)
Oxfam America and Calvert support strong regulation on disclosure by companies in extractive industries of payments to governments.
Strategies Offered to Accelerate Sustainable Investment (02/21)
A recently published white paper from the World Economic Forum (WEF) seeks to contribute to a global transition to sustainable investing.
Concepts of Fiduciary Duty Face Revision for Retail and Institutional Investors (02/18)
Both the Department of Labor and the Securities and Exchange Commission have proposed updates to the definition of fiduciary duty to broaden the number of those considered fiduciaries.
Mercer Issues Report on Climate Change and Investment (02/17)
Warning that portfolio risk could increase by 10% in the next 20 years, Mercer recommends that at least 40% of the portfolios of institutional investors include investments in climate change mitigation and adaptation.
Proxy Firms Back Majority Vote at Apple (02/16)
Egan-Jones, Glass Lewis, and ISS Proxy Advisory Services announce their support for a shareowner resolution filed by CalPERS, requesting that Apple adopt a majority vote standard in unopposed director elections.
Infrastructure and ESG: Are Trade-offs Inevitable? (02/15)
Eurosif reports that financing of the infrastructure sector will require private investment, and recommends action to ensure that environmental, social, and corporate governance (ESG) considerations are addressed.
Carbon Disclosure Project Publishes Third Supply Chain Report (02/14)
The 57 corporate members of the CDP Supply Chain program received responses on emissions reduction from over 1,000 supply chain companies, a 40% improvement over 2009.
New Markets Tax Credits Come Under Media Scrutiny (02/11)
Mark Pinsky of the Opportunity Finance Network talks with SocialFunds.com about revelations that tax credits intended for underserved communities were used to finance the renovation of a luxury hotel in Chicago.
CDP Sends Requests to Companies for Information on Climate Change and Water (02/10)
Support from institutional investors for requests for information on water use, now in its second year, more than doubles to 354, with $43 trillion in assets under management.
Guidelines for Integrated Reporting are Proposed (02/09)
The Integrated Reporting Committee issues a discussion paper on guidelines for companies in South Africa that are required by the Johannesburg Stock Exchange to produce integrated reports.
Asset Owners Urged to Address Climate Change in Their Investments (02/08)
The Asset Owners Disclosure Project develops a methodology for the incorporation of climate change risks and opportunities in investment decision-making by asset owners.
GovernanceMetrics Publishes Executive Pay Scorecard (02/07)
A new report studies executive compensation disclosures by S&P 500 companies in 2010, and assesses their compliance according to a series of ten compensation governance tests.
Investors Call for Improved Disclosure of Mine Safety (02/04)
In response to proposed rules by the Securities and Exchange Commission, the Social Investment Forum argues that corporate disclosure of comparable mine health and safety data is necessary for investors.
PRI Launches Inclusive Finance Initiative (02/03)
Forty global investors have signed the Principles for Investors in Inclusive Finance, which seek to encourage sustainable institutions and improve client protection.
Investors Call for Annual Votes on Executive Compensation (02/02)
A coalition of 39 institutional investors responds to SEC rules governing shareowner votes on executive compensation by urging companies to support annual, rather than triennial, votes.
Oxfam's Better Returns in a Better World Project Seeks Poverty Alleviation Through Investment (02/01)
SocialFunds.com speaks with Helena Viñes Fiestas of Oxfam about the results of roundtable discussions with institutional investors seeking to incorporate social considerations into investment.
Anniversary of Citizens United Commemorated with Shareowner Resolutions (01/31)
Requests by NYC Pension Funds for improved disclosure of corporate political spending join resolutions filed by ICCR members, and letters to companies on the Board of the Chamber of Commerce.
Resolutions Challenge Hydraulic Fracturing by Nine Oil and Gas Companies (01/28)
After receiving strong support in the 2010 proxy season, an investor coalition led by Green Century Capital Management and the Investor Environmental Health Network requests improved risk management and better disclosure.
SEC Adopts Rules for Say on Pay (01/27)
In accordance with the Dodd-Frank financial reform bill, the Securities and Exchange Commission issues rules on executive compensation and golden parachutes.
New Proxy Advisory Service to Meet the Needs of Foundations and Sustainable Investors (01/26)
Long-time shareowner advocate Michael Passoff launches Proxy Impact, a proxy advisory firm that seeks to align investment with mission for sustainable investors.
Global Reporting Initiative to Launch US Operation (01/25)
GRI's Focal Point US, scheduled to launch on January 31 at the New York Stock Exchange, seeks to increase the number of US companies using its standardized framework for sustainability reporting.
Investor Coalition Withdraws Resolution at BP (01/25)
The resolution, which called for improved risk management and disclosure by the company responsible for the Gulf of Mexico oil spill, is withdrawn to give BP more time to demonstrate improvement.
Carbon Principles Fail to Reduce Financing of Coal (01/24)
A study of the Carbon Principles by the Rainforest Action Network finds that the six signatory banks have continued to finance carbon-intensive projects while failing to increase investment in renewable energy.
Number of Companies Expelled from the Global Compact Tops 2,000 (01/24)
More than 200 companies are expelled from the Global Compact at the end of a 2010 moratorium, and the organization introduces a Differentiation Framework to improve disclosure.
ICCR Publishes 2011 Proxy Resolutions Book (01/21)
The mid-season review of shareowner resolutions filed by ICCR members includes the full text of 159 resolutions addressing environmental, social, and corporate governance issues.
Financial Sector Is Unprepared to Assess Risks of Climate Change (01/20)
A survey of financial institutions indicates that while they expect to incorporate climate risks into their business practices, information at present is insufficient.
Boston Common Divests of Cisco Systems Over Human Rights Risks (01/19)
After years of dialogue and shareowner resolutions, weak human rights risk management and poor shareowner dialogue lead to divestment.
Barriers Continue to Challenge Investment for Poverty Alleviation (01/18)
Based on two years of research, a report by Oxfam International encourages engagement by investors to improve corporate reporting, and recommends that governments require companies to report on social issues.
Organizations Decry Canadian Tar Sands Development by European Companies (01/17)
The UK Tar Sands Network leads an effort to call attention to a Comprehensive Economic and Trade Agreement that could open Europe up to imports of tar sands oil.
Oil Spill Commission Submits Final Report (01/14)
The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling identified failures of corporate governance by BP and its contractors, and strongly recommends rigorous legislative and regulatory oversight.
Shareowners Ask Hotels to Help Prevent Human Trafficking at Super Bowl (01/13)
An investor coalition led by Christian Brothers Investment Services requests that hotels take steps to ensure that they are not inadvertently promoting human trafficking.
Smaller Companies Lagging in Climate Change Reporting (01/12)
A report by Pax World and Clean Air-Cool Planet finds that only four of the Russell 2000 small- to mid-cap companies studied report their greenhouse gas emissions.
Report Describes Impact Investing as an Alternative Asset Class (01/11)
SocialFunds.com talks with Antony Bugg-Levine of the Rockefeller Foundation about the growing interest in impact investing, as well as the challenges that remain to its large-scale adoption.
RepRisk Names Most Environmentally and Socially Controversial Companies of 2010 (01/10)
Transocean and BP, responsible for the Gulf of Mexico oil spill, are named the most controversial companies in RepRisk's third annual report.
EU Will Meet Renewable Energy Targets for 2020 (01/07)
An analysis by the European Wind Energy Association finds that just over 20% of the European Union's energy consumption will be provided by renewable sources by 2020.
Advance Chapter of Report on Gulf Disaster Is Released (01/06)
The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling finds that the Deepwater Horizon explosion was caused by failures of management, and asserts that the root causes were systemic.
CalPERS' Majority Vote Initiative Results in 20 Companies Adopting the Standard (01/05)
Launched by the pension fund last March, the Majority Vote Initiative asks 58 companies to voluntarily adopt a majority vote standard in uncontested board elections.
Top Sustainable Investment Stories of 2010 (01/04)
Despite their negative impacts, the Supreme Court's Citizens United Decision and the BP oil rig explosion in the Gulf of Mexico galvanized sustainable investors.
EPA Regulations on Emissions Take Effect (01/03)
As of January 2, 2011, new and upgraded power plants must install technology to reduce greenhouse gas emissions.
Major Sustainability Reporting Initiatives Announce Partnership (12/31)
The Organization for Co-operation and Development and the Global Reporting Initiative will cooperate to improve sustainability reporting by multinational companies.
Women Directors Improve Corporate Performance, but Remain Underrepresented (12/30)
A report by Corporate Women Directors International on the status of women directors in 51 countries finds persistent lack of access to board appointments.
Book Review: Corporate Governance and Complexity (12/29)
The authors use complexity theory to argue that the inclusion of the voices of all stakeholders leads to improved corporate governance.
Oil Spill Commission Asked to Recommend Improved Disclosure by Offshore Drillers (12/28)
The Investor Network on Climate Risk requests that the final report of the BP Deepwater Horizon Oil Spill Commission, due in January, include recommendations that disclosure of risks be improved.
Government Policies Will Help Speed Adoption of Renewable Energy in Southern US (12/26)
Report from the Southeast Energy Efficiency Alliance suggests that, led by wind and biopower, a diversity of renewable energy technologies could help replace the region's reliance on coal as a power source.
Companies Ranked by Climate Counts Improve Scores by 14% in 2010 (12/24)
Nike again finishes first among companies ranked by scorecard that measures emissions reduction, public policy, and reporting.
Norway's Pension Fund Invests in Companies with Ties to Burma's Military Regime (12/23)
Despite ethical guidelines for Norway's pension fund, EarthRights International finds its investments in oil and gas companies in Burma contribute to human rights violations.
Cuomo Sues Ernst & Young Over Lehman Brothers Accounting (12/22)
New York Attorney General says accounting firm knew that investment banker engaged in fraudulent transactions to conceal debt on balance sheet and mislead investors.
Business Falls Short on Policies Addressing Biodiversity (12/21)
A report from EIRIS suggests that the optimism of the COP 10 agreement on biodiversity will be premature until business is involved, and recommends that investors pressure companies to contribute to solutions.
Shareowner Resolution Addresses Risk Management at BP (12/20)
Long-time shareowner Christian Brothers Investment Services leads investor effort to engage with BP on better disclosure of risk assessment and mitigation.
Recommendations for Corporate Governance of Banks Seek to Avoid Past Failures (12/17)
SocialFunds.com talks with Justin Levis of the Council of Institutional Investors about the recently issued principles for enhancing corporate governance by the Basel Committee on Banking Supervision.
Transparency by UK Asset Managers Remains Low (12/16)
A report by FairPensions finds an increase in policies addressing the integration of ESG issues by asset managers, but that many still do not disclose engagement activities.
Executive Compensation on Wall Street Remains Focused on Short Term (12/15)
A report by the Council of Institutional Investors concludes that compensation packages on Wall Street contributed to the financial crisis, and that current pay practices are even worse.
Silence of Chamber Board Members Is a Failure of Corporate Governance (12/14)
SocialFunds.com talks with Tim Smith of Walden Asset Management about investor engagements with companies that sit on the Board of the US Chamber of Commerce.
Survey of European Asset Owners Finds Incentives for ESG Integration Vary (12/13)
A report by Novethic finds an increasing alignment among asset owners of ESG practices with fiduciary responsibility, but a lingering focus on short-term performance as well.
ESG Transparency and Performance Improves Among Emerging Market Companies (12/10)
A Eurosif report on emerging markets finds an increase in the uptake of sustainability issues by companies, and recommends that investors encourage continual improvement.
Unproven Fuel Extraction Technologies Pose Risks for Investors (12/09)
A report from Ceres details the risks to investors of the unproven extraction technologies of oil shale and coal-to-liquid.
Efforts of US Homebuilders to Address Climate Change are Insufficient (12/08)
A report by Calvert finds inadequate disclosure on the environment by homebuilders, but also notes improvements by the industry in adopting energy efficiency measures.
Handbook Guides Corporations on Disclosure of Political Activity (12/07)
SocialFunds.com talks with Bruce Freed, President of the Center for Political Accountability and co-author of the Handbook on Corporate Political Activity, about efforts to increase corporate disclosure of payments to trade associations.
Low-Carbon Investment Not Enough to Mitigate Climate Change (12/06)
A report by the World Business Council for Sustainable Development argues for clear policy signals from governments to encourage private investment in low-carbon technologies.
Another Merger for The Corporate Library (12/03)
The Corporate Library and GovernanceMetrics International follow July merger by merging with Audit Integrity, another corporate governance research firm.
Investors Testify Before Congress on Sudan (12/02)
Eric Cohen of Investors Against Genocide and Adam Kanzer of Domini Social Investments speak before the House of Representatives on divestment from Sudan.
Microfinance in India Faces a Crisis (12/01)
Amid charges of unsustainable interest rates and overly aggressive collections practices, the state of Andhra Pradesh has issued an ordinance that would regulate microfinance institutions at a regional level.
The State of Sustainable Investment in Australia (11/30)
SocialFunds.com speaks with Louise O'Halloran, Executive Director of Responsible Investment Association Australasia, about the growing acceptance of sustainable investment in Australia.
Shareowners Launch Campaign Against Corporate Political Spending (11/29)
Investors call for board oversight and disclosure of all political spending by corporations.
Book Review: What Investors Really Want (11/26)
Author Meir Statman argues for behavioral finance in interpreting investor behavior, and finds sustainable investment practice an effective method of incorporating expressive and emotional factors into investment decision-making.
2010 Moskowitz Prize is Awarded to Researchers from the European Center for Corporate Engagement (11/24)
Authors Bauer and Hann receive the annual prize for quantitative research in sustainable investing for their study on the effects of corporate environmental management on the cost of debt.
Sustainable Investment in Australia and New Zealand Outperformed Market in 2010 (11/23)
The tenth annual report on sustainable investment from Responsible Investment Association Australasia finds a 25% increase in assets in 2010, to $74 billion.
Community Investing Fixed-Income Fund Reaches $1 Billion in Assets under Management (11/22)
Community Capital Management's Community Reinvestment Act (CRA) Qualified Investment Fund has invested over $3 billion in community development activities.
Overall CEO Pay Saw Marginal Decline in 2009 (11/19)
The latest in a series of annual reports by The Corporate Library on executive compensation finds the greatest decrease in tax gross-ups, or payment by companies of taxes on compensation packages.
Investors Call on World Leaders to Act Now on Climate Change (11/18)
A coalition of 259 institutional investors call for an agreement at this month's climate conference that will stimulate the private investment necessary to address climate change.
As You Sow Reports on Supply Chain Compliance Programs of Apparel Companies (11/17)
The report surveys the supply chain compliance programs of 15 US-based apparel companies, and finds that most have codes of conduct and audit their suppliers, but few hold senior executives responsible for improved compliance.
CDP Water Issues First Annual Report on Corporate Water Usage (11/16)
Backed by 137 institutional investors, the Carbon Disclosure Project initiative asks 302 large companies in water-dependent industry sectors to report on water usage.
EPA Finalizes Emissions Reporting Rules for Petroleum and Natural Gas Industry (11/15)
Large facilities in the industry will be required to monitor and report all greenhouse gas (GHG) emissions to the EPA.
Film Review: Carbon Nation Celebrates Small-Scale Responses to Climate Change (11/14)
The documentary profiles entrepreneurs and activists who have contributed to climate change mitigation, and recommends investment in green technologies.
CalSTRS Backs Off from Plan for Huge Commodities Investment (11/12)
Decision follows expressions of concern by sustainable investors over effect of price volatility on world hunger.
CalPERS Proposes Changes to Focus List Methodology (11/11)
The pension fund's Investment Office recommends engagement with companies in which it has the largest ownership stake, and the inclusion of one-year stock returns in its selection process.
Growth in Sustainable Assets Outpaces Mainstream (11/10)
The 2010 Trends Report by the Social Investment Forum finds that sustainable assets have grown by 13% since 2007, compared to less than one percent by mainstream assets.
Despite Recession, More Companies Are Producing Sustainability Reports (11/09)
PricewaterhouseCoopers publishes fourth in a series of surveys of sustainability reporting, recommending the Global Reporting Initiative and the UN Global Compact as starting points for new reporters.
Investors Ask Companies in Sudan to Respect Human Rights (11/08)
In advance of a January 2011 vote on independence, investor members of the Conflict Risk Network calls on telecommunications and oil and gas companies operating in Sudan to ensure they do not infringe on human rights.
Carbon Disclosure Project Launches CDP Cities (11/05)
The initiative asks 40 of the world's largest cities to measure and disclose greenhouse gas (GHG) emissions and climate change mitigation strategies.
Catholic Investors Target Pornography (11/04)
Christian Brothers Investment Services leads initiative to request improved transparency from major media companies that distribute pornography.
World Bank Forms Partnership for Valuation of Ecosystems (11/03)
SocialFunds.com talks with the World Resources Institute about the initiative to integrate the economic benefits of ecosystems into national accounting systems.
Midterm Elections Challenge Priorities of Sustainable Investors and Shareowner Advocates (11/02)
In the wake of the Supreme Court's Citizens United decision, spending by outside interest groups more than doubles, jeopardizing the fate of legislation addressing issues of importance to sustainable investors.
Women and Minorities Are Underrepresented in Highest-Paid Executive Positions (11/01)
A report by Calvert finds improved disclosure of policies addressing gender diversity among S&P 100 companies, but insufficient disclosure of the effectiveness of those policies.
Leading Companies Are Taking Proactive Approach to BPA (10/29)
Report by Green Century Capital Management and As You Sow finds increased attention by food, beverage, and retail companies to bisphenol A in packaging.
Water Scarcity Is a Growing Risk for Public Utilities and for Investors in Municipal Bonds (10/28)
A report from Ceres and Water Asset Management finds inadequate disclosure of risks by public water and electric utilities, and that rating agencies may foster wasteful consumption by ignoring risks.
Investors Urge California Voters to Reject Proposition 23 (10/27)
Investor coalition argues that repeal of California's Global Warming Solutions Act would lead to the loss of billions of dollars in clean energy investment in the state.
Will the Principles for Responsible Investment Prevail in the US? (10/26)
SocialFunds.com talks with Peter Kinder, the founder of KLD Research and Analytics, about his self-described gloomy assessment for large-scale uptake of the Principles in the short term.
Newsweek Publishes Second Annual Green Rankings of Companies (10/25)
For its 2010 environmental rankings, Newsweek expands beyond the 500 largest US companies to include the 100 largest global corporations as well.
An Interview with John Fullerton (10/22)
The founder of the Capital Institute talks with SocialFunds.com about its goal of transforming the global financial system to reflect sustainable principles.
Boston Community Capital and Enterprise Cascadia Are Wachovia Wells Fargo NEXT Awardees (10/21)
Annual award for Community Development Financial Institutions recognize foreclosure strategy of BCCC and green financing by Enterprise.
SEC Settlement with Countrywide Executives: A Template for Personal Liability? (10/20)
SocialFunds.com speaks with Laura Berry of the Interfaith Center on Corporate Responsibility about shareowner engagement addressing subprime lending that stretches back to the 1990s. Second in a two-part series.
Securities and Exchange Commission Settles with Predatory Lenders (10/19)
SocialFunds.com speaks with David Beck of Self-Help Credit Union about the settlement with Countrywide executives, as well as the outlook for community development financial institutions. First in a two-part series.
Investors Call for More Women on Boards and in Senior Management (10/18)
Calvert, Pax World, and Walden Asset Management ask 54 companies for greater clarity about gender balance, and call for increased representation of women on boards and in senior management.
Eric Cohen Discusses Genocide-Free Investing (10/15)
The Chairperson of Investors Against Genocide describes his efforts to engage with financial institutions on the issue, as well as the organization's new focus on financial advisors. Second of a two-part series.
Eurosif Publishes Results of Survey on Sustainable Investment in Europe (10/14)
The survey finds that bonds have replaced equity as the favored asset class for sustainable investors, and overall sustainable assets under management have reached almost $7 trillion.
Investors Against Genocide Expands Focus Beyond Shareowner Engagement to Include Recommendations for Financial Advisors (10/14)
A white paper published by the organization documents successful engagements with financial institutions, as well as advice for financial advisors whose clients wish to practice genocide-free investing. First of a two-part series.
Google Invests in Ambitious Wind Power Project for the Atlantic Ocean (10/12)
Along with Good Energies, a renewable energy investment firm, Google commits to a 37.5% stake in the initial development stage of the 350-mile Atlantic Wind Connection project.
UK Banks Complicit in Nigerian Corruption (10/11)
A report by Global Witness finds that even after the public outcry in 2001 over money laundering by former Nigerian dictator Sani Abacha, UK banks continued to accept deposits from corrupt Nigerian officials.
Proxy Access Rules On Hold Until Court Challenge by Chamber of Commerce is Heard (10/08)
Resolution of lawsuit is expected to be too late for proxy access rules to be implemented for 2011 proxy season.
Shareowner Engagement Leads to FTC Ruling on Mercury Labeling (10/07)
Dialogue with GE by As You Sow results in mercury cleanup instructions on packaging of compact fluorescent light bulbs.
Toyota Divests Stake in Joint Venture with Military Regime in Burma (10/06)
Responding to investor pressure led by Domini Social Investments, Toyota announces divestiture, although it continues agricultural and apparel production in Burma.
Environmental Damage Cost $6.6 trillion in 2008 (10/05)
A new report uses data from Trucost to find that the cost of environmental damage equaled 11% of Gross Domestic Product, and was 20% larger than pension fund losses from financial crisis.
Human Trafficking Bill Becomes Law in California (10/04)
Companies doing business in the state will now be required to disclose whether they have policies addressing human trafficking in their supply chains.
Corporate Reporting on Key Performance Indicators Should Be Industry Specific (10/01)
Building on the universe of indicators established by the Global Reporting Initiative, a new report argues that a targeted list of issue areas would help stakeholders assess the sustainability performance of companies.
Principles for Responsible Investment Publishes 2010 Report on Progress (09/30)
Most signatories report having an investment policy addressing environmental, social, and corporate governance, and assign responsibility for the policy to senior executives.
Largest US Companies Report Board-Level Responsibility for ESG Issues (09/29)
A report by Calvert and The Corporate Library find significantly less board oversight in smaller companies, and few boards that address risk management and stakeholder engagement.
To Meet Targets, EU Greenhouse Gas Emission Trading System Needs Improvement (09/28)
A report by oekom research recommends that emissions reduction permits be auctioned, and that the system be expanded to include more industry sectors and types of emissions.
NYSE Euronext Issues Report on Corporate Governance (09/27)
The exchange's Commission on Corporate Governance recommends board-level commitment to long-term sustainable growth, transparency by institutional investors, and regulation of proxy advisory services.
Carbon Disclosure Project Issues 2010 Reports on Climate Change Disclosure by Companies in Global 500 and S&P 500 (09/24)
Reports find that while companies in the US continue to lag behind their global counterparts, improvement has been recorded, and the top companies continue to improve disclosure.
Bill Would Give Federal Employees a Sustainable Investment Option (09/23)
Rhode Island Congressman Langevin introduces bill to allow for investment by federal employees in companies committed to corporate responsibility.
As CSR Reporting Goes Mainstream, Standardized Approaches Are Needed (09/22)
A report by the United Nations Conference on Trade and Development finds that investors seeking environmental, social, and governance information need greater comparability.
Report Encourages the Application of For-Profit Business Model to Nonprofit Management (09/21)
NFF Capital Partners issues report detailing the success of some nonprofits in attracting philanthropic equity investments to subsidize their activities.
Investors Call for Federal Regulation of Coal Ash (09/20)
Investor coalition urges the Environmental Protection Agency to label coal ash as a hazardous waste and subject companies to federal regulations.
Investors Call for Passage of California Legislation Addressing Human Trafficking (09/17)
Governor Schwarzenegger has until the end of September to sign SB 657, which requires companies operating in California to disclose policies addressing human trafficking in supply chains.
CRD Analytics Publishes Ranking of Top 1,000 Sustainable Companies (09/16)
Using financial and environmental, social, and corporate governance (ESG) key performance indicators, CRD ranks Merck as top sustainable company in 2010, up from fourth in 2008.
Investors Support EPA Study on Hydraulic Fracturing (09/15)
As record numbers of shareowners support resolutions addressing the risks of hydraulic fracturing, the EPA revisits the effects of the practice on water resources.
CEOs at Firms with Most Layoffs Earn More than the S&P 500 Average (09/13)
A report from the Institute for Policy Studies finds pay disparity greatest at companies that have laid off the most employees.
European Companies Violate International Labor Standards in US Operations (09/13)
A new report from Human Rights Watch finds that despite publicly stated commitments to international standards, European companies operating in the US often exploit weak US laws to discourage workers' freedom of association.
Leading Companies are Not Waiting for Climate Change Legislation (09/10)
A new report from the Carbon Disclosure Project details the risks and opportunities for business from climate change impacts, and highlights the innovations of leading companies.
Dow Jones Sustainability Indexes Updated (09/09)
For the 11th year, SAM Indexes provides analysis of corporate sustainability leadership for index that now contains 318 components.
New Initiative Seeks to Mandate Integrated Reporting by Companies (09/08)
Janet Ranganathan of the World Resources Institute speaks with SocialFunds.com about the International Integrated Reporting Committee's efforts to include sustainability issues in financial reports.
South Africa Proposes Code for Sustainable Investment by Institutional Investors (09/07)
If adopted, South Africa will become only the second country to require attention to environmental, social, and corporate governance (ESG) by institutional investors.
Eurosif Recommends Improvements in Corporate Governance (09/03)
Invited by the European Commission to offer remedies for weaknesses in corporate governance, Eurosif responds with recommendations to increase transparency and strengthen shareowner rights.
Is There a Case to Be Made Against Corporate Social Responsibility? (09/02)
The argument that corporate social responsibility impedes better corporate governance ignores the financial relevance of environmental, social, and corporate governance considerations.
Banks Back Away from Financing Mountain Top Removal (09/01)
The environmentally destructive coal mining practice, for years a target of shareowner activists, faces new regulatory restrictions and limited financing from major banks.
Intergovernmental Panel on Climate Change Receives Recommendations for Improved Reporting (08/31)
The InterAcademy Council recommends that IPCC improve review processes and transparency in wake of attacks on climate science.
Vedanta Denied Permission to Mine Sacred Mountain (08/30)
India's Ministry of Environment and Forests denies permission to mining company for bauxite mine on Niyamgiri mountain in the Orissa region.
SEC Adopts Rules for Proxy Access (08/27)
Activist shareowners praise the rule that will allow them to nominate candidates for corporate boards of directors.
Political Contributions by Target and Best Buy Lead to Shareowner Action (08/26)
Companies' support for opponent of gay rights undermines their policies on diversity and threatens reputational risk in the form of consumer backlash.
Failure of Financial Reform to Break Up Big Banks Leaves Economy at Risk (08/25)
Former International Monetary Fund chief economist Simon Johnson claims that defeat of Brown-Kaufman amendment leaves financial system vulnerable.
ShoreBank Closed by Federal Regulators (08/24)
The Chicago-based community banking pioneer is replaced by the Urban Partnership Bank, which plans to continue the mission of its predecessor.
Plan Seeks 100% Renewable Energy in Australia in Ten Years (08/23)
Report from Beyond Zero Emissions asserts that Australia's energy needs can be fully met by renewable sources within ten years with technologies that are already available.
Website Tracks Political Donations by Oil, Gas, and Coal Companies (08/20)
Oil Change International unveils DirtyEnergyMoney.com to highlight correspondence between corporate political donations and Congressional voting patterns.
Transport Sector Lags in Addressing Climate Change (08/19)
A report from the Carbon Disclosure Project finds that despite being a major contributor to greenhouse gas emissions, the transport sector lags in setting reduction targets and recognizing risks and opportunities.
MacArthur Foundation Grant Helps Business for Social Responsibility Launch Second Stage of Migrant Workers Initiative (08/18)
The Migration Linkages initiative, launched in 2008, will expand its focus on labor abuses of migrant workers in receiving countries such as Malaysia to include sending countries like Indonesia.
New Fixed-Income Fund Will Help Finance Everglades Restoration (08/17)
RSF Social Finance and Community Capital Management partner to develop fund that will provide funding for the Comprehensive Everglades Restoration Plan.
Dell Shareowners Vote Down AFL-CIO Resolutions on Executive Pay and Chairman (08/14)
Despite SEC allegations of improper disclosure of payments, shareowners vote with management on governance resolutions.
Trade Unions Focus on Forced Labor as an Issue for Sustainable Investors (08/13)
A briefing paper by the Global Unions Committee on Workers' Capital calls for increased attention to forced labor as a social issue, and advocates a multi-stakeholder approach to mitigation.
Wachovia Wells Fargo Next Award Finalists Announced (08/12)
Two community development financial institutions (CDFIs) will share awards totaling $8.25 million in program-related investments and unrestricted grants.
New Program Seeks to Unlock $100 Million in Small Business Lending (08/11)
A $10 million Bank of America grant program will provide loan loss reserves for Community Development Financial Institutions in order to access $100 million in small business lending.
EPA Rejects Challenges to Climate Science (08/10)
The Agency disallows ten petitions challenging its 2009 endangerment finding on greenhouse gas emissions, stating that "climate science is credible, compelling, and growing stronger."
Oil Sands Extraction in Alberta Prevents Canada From Meeting Copenhagen Commitment (08/09)
The Pembina Institute publishes a briefing paper describing the environmental costs of oil sands extraction in the province.
Investment in Deepwater Drilling Requires Robust Disclosure by Oil Companies (08/06)
In letters to oil and gas and insurance companies, a coalition of investors led by Ceres asks for improved risk management and disclosure in aftermath of BP disaster.
Corporate Disclosures Ignore Financial Benefits of Board Diversity (08/05)
A new report from The Corporate Library finds that corporate compliance with disclosure requirements on diversity has been vague, while studies indicate a financial benefit.
AfricaSIF Aims to Encourage Sustainable Investment Practices in Africa (08/04)
SocialFunds.com speaks with Graham Sinclair, co-founder of AfricaSIF, about the state of sustainable investment in Africa and the mission of the organization.
Global Reporting Initiative and Others Form International Integrated Reporting Committee (08/03)
The goal of the new initiative is to bring about an integration of ESG and financial reporting, to meet the information needs of long-term investors.
CBIS Reports Results of Initiative Addressing Child Sex Tourism During World Cup (08/02)
Of the eight major hotel chains contacted, only Accor and Carlson distinguish themselves with polices and training of employees on the issue.
Investors Urge US to Support Rights of Indigenous Peoples (07/30)
Calvert and the Indigenous Peoples Working Group of the Social Investment Forum encourage the US State Department in its reconsideration of the 2007 vote against the UN Declaration on the Rights of Indigenous Peoples.
EIRIS Report Details Human Rights Abuses and Other Allegations Against Vedanta Resources Operations in India (07/29)
The UK-based investment research firm seeks to raise investor awareness of Vedanta's mining operations in India, and pressure the company to engage with investors more constructively.
Report Examines Role of Business in a Sustainable Economy (07/28)
The World Business Council for Sustainable Development identifies alarming levels of growth in urbanization and consumption, and describes crucial role of business in transition to sustainability.
Investors Lead Way on Climate Change As Senate Fails to Act (07/27)
The US Senate abandons effort to pass meaningful legislation in a year when climate change-related shareowner resolutions attract widespread support.
Investors Address Human Rights in Electronics Supply Chains (07/26)
In the aftermath of suicides at the Foxconn manufacturing plant in China, an investor coalition asks for improved conditions for workers.
The Corporate Library and GovernanceMetrics International Announce Merger (07/24)
The combination of corporate governance research firms is the most recent of many mergers and acquisitions in the environmental, social, and governance research sector.
Will 2011 Be a Watershed Year for Corporate Governance? (07/23)
SocialFunds.com talks with James McRitchie of Corpgov.net about corporate governance and the 2010 proxy season. Third of a three-part series.
Mutual Funds Continue to Support Management on Executive Compensation (07/22)
A new report finds that although withholding votes from directors over compensation issues has increased, support by mutual funds for management proposals on compensation issues was 84% in 2008.
Extractive Industries Will Be Required to Disclose Payments to Governments (07/21)
A provision in the financial reform bill requires energy and mining companies to report payments they make in return for oil, gas, and minerals.
SEC Seeks to Overhaul Proxy Infrastructure for the First Time in 30 Years (07/20)
A concept release published by the Agency seeks public comment in order to increase the transparency and integrity of the proxy system.
Passage of Financial Reform Bill Applauded by Sustainability Investors (07/19)
Bill as passed by Senate includes provision for proxy access but not a majority voting standard.
Bond Program Will Help Affordable Housing in New York City (07/16)
Through its CRA Qualified Investment Fund, Community Capital Management will finance the acquisition and development of 5,600 affordable units.
Large US Companies Continue to Lag in Reporting on Environmental Issues (07/15)
IW Financial and Soyka & Company follow last year's The Road Not Yet Taken with a new study that finds many S&P1000 companies insufficiently transparent regarding environmental policies.
Human Rights Abuses Found in Kazakhstan Suppliers of Tobacco to Philip Morris (07/14)
A report by Human Rights Watch finds abuses of migrant workers and the frequent use of child labor in the company's supply chain in Kazakhstan.
Appleseed Fund Announces Investment Policy That Excludes Too-Big-To-Fail Banks (07/13)
Although the policy does not change an investment strategy that excludes big banks that represent a systemic risk, Appleseed is the first mutual fund to explicitly exclude them.
Carbon Disclosure Project and Global Reporting Initiative to Coordinate Reporting Guidelines (07/12)
To standardize the two most widely used mechanisms for corporate emissions reporting, the organizations publish a linkage document comparing indicators and questions.
China Renews Google's License to Operate (07/09)
Free speech issue is sidestepped as the company will continue to direct its Chinese users to its Hong Kong-based search engine.
UN Global Compact and the Global Reporting Initiative Join to Promote Corporate Sustainability (07/08)
The Global Compact will adopt the GRI's Sustainability Reporting Guidelines as its recommended reporting framework, while the GRI will integrate the Global Compact's Ten Principles into its Guidelines.
Verite Publishes Report on Role of Brokers in Forced Labor (07/07)
The report coincides with the organization's launch of the Well Made initiative, which aims to engage stakeholders in finding solutions to the problem.
New EPA Reporting Rules Aim to Track Methane Emissions (07/06)
Agency's emissions reporting requirements are extended to include underground coal mines, industrial wastewater treatment systems, industrial waste landfills, and magnesium production facilities.
Landmark Sustainable Investment Law for UK-Based Pension Funds Is Ten Years Old (07/02)
The UK Sustainable Investment and Finance (UKSIF) marks the anniversary of ground-breaking regulation with a review of a decade's worth of accomplishments.
As African Economy Grows, Sustainability Advocates Look to Leapfrog Investment as Usual (07/01)
A McKinsey report finds that economic growth is on the upswing in Africa, and AfricaSIF is launched to encourage sustainable investment on the continent.
FTSE Launches FTSE CDP Carbon Strategy Index Series (06/29)
Developed by FTSE’s Responsible Investment Unit and the Carbon Disclosure Project (CDP), the indexes will support investors who incorporate climate change into investment strategies.
Proxy Access Survives Conference Committee (06/28)
In response to widespread objections that a proposal to increase ownership thresholds would effectively "gut proxy access," House and Senate conferees retain provision that gives the SEC authority to set thresholds.
Environmental Shareowner Resolutions Gain Record Levels of Support in 2010 Proxy Season (06/25)
SocialFunds.com speaks with Michael Passoff of As You Sow about shareowner concerns over hydraulic fracturing, coal ash waste, and other environmental issues. First of a three-part series.
Voluntary Carbon Markets Experience Steep Decline in 2009 (06/24)
Report by the Ecosystem Marketplace and Bloomberg New Energy Finance attributes decline in volume to financial crisis and regulatory uncertainty.
Access to Medicine Foundation Publishes 2010 Access to Medicine Index (06/23)
The new index improves upon the 2008 version by including more pharmaceutical companies and by shifting focus from policy to practice.
Global CEOs Express Support for Empowerment Principles for Women (06/22)
The United Nations Development Fund for Women and the UN Global Compact announce that 38 corporate CEOs have signed a Statement of Support for Women's Empowerment Principles.
Conference Committee Poised to Abandon Proposed Corporate Governance Reforms (06/21)
Institutional investors object to proposal to raise minimum voting threshold for proxy access to five percent, claiming it would make the provision unusable.
Fate of Legislation to Curb Political Spending Is in Question (06/18)
Intended to redress the consequences of the Supreme Court ruling on Citizens United, the DISCLOSE Act faces opposition by corporate lobbyists, even as shareowner resolutions for disclosure of political spending gain record levels of support.
Telepresence Reduces Emissions While Providing Financial Benefits (06/17)
A study by the Carbon Disclosure Project finds that travel substitution through video communications technology could reduce global greenhouse gas emissions by 15% by 2020, while saving $19 billion.
Sustainability Investors Make Their Voices Heard on Financial Reform Legislation (06/16)
As a Congressional conference committee determines the final version of legislation, the Social Investment Forum and government pension funds speak out on corporate governance and other issues.
KKR Works With Portfolio Companies to Improve Environmental Performance (06/15)
Partnering with the Environmental Defense Fund, the private equity firm helps portfolio companies save $160 million in operating costs and eliminate 345,000 tons of CO2 emissions.
Resolution Denying EPA Authority to Regulate Emissions is Defeated by Senate (06/14)
By a vote of 53-47, Senate defeats disapproval resolution introduced by Republican Senator Lisa Murkowski of Alaska, paving the way for a vote on the Kerry-Lieberman American Power Act.
Second Carrots and Sticks Report Surveys Current Status of Sustainability Reporting (06/11)
The Global Reporting Initiative collaborates with the United Nations Environment Programme and KPMG to provide recommendations for improved reporting on a global scale.
Attention to Corporate Governance Can Improve Investment Returns (06/10)
A new study by The Corporate Library constructs a hypothetical portfolio based on its corporate governance rankings, which significantly outperforms a Russell 1000 benchmark.
Institutional Investors Group on Climate Change Publishes Third Annual Investor Statement on Climate Change (06/09)
The European-based forum for collaboration on climate change reports increased attention to climate change by investors, but find that few integrate climate change into Investment Manager Agreements.
GRI Plans Incremental Updates to Sustainability Reporting Framework (06/08)
The world’s most widely used corporate reporting framework invites public comment on updates in areas of community, human rights, and gender.
BP Among Companies Removed from Global Sustainability Index (06/07)
The NASDAQ OMX CRD Global Sustainability 50 Index announces semi-annual ranking of companies taking leadership roles in sustainability performance reporting.
Sustainability Investors Reconsider BP Holdings in Wake of Gulf Disaster (06/04)
With BP’s reputation as a leading sustainable company destroyed, investors weigh alternatives of divestment or increased engagement.
Foxconn Suicides Lead to Scrutiny of Supply Chain Management (06/03)
Contract manufacturer for such electronics companies as Apple and HP faces questions about its labor practices in the aftermath of suicides by workers.
Clean Energy Investment in Emerging Markets Is Growing (06/02)
A study by the Carbon Disclosure Project (CDP) finds that clean energy investment in Brazil, China, India, and South Africa is large, and is expected to grow as regulation evolves.
UK-Based Financial Reporting Council Recommends End to Staggered Corporate Boards (06/01)
The organization’s updated UK Corporate Governance Code asserts that board accountability would be improved by annual elections of directors.
Proxy Advisory Services Come Under Increased Scrutiny (05/28)
Pointing to the considerable proxy voting power and little oversight of companies such as RiskMetrics, critics call for increased regulation to avoid conflicts of interest.
Fortress World or Great Transition? (05/27)
A report by the Tellus Institute explores four scenarios in response to sustainability demands, and calls for a profound restructuring of global economic priorities.
Investors and Shareowners Applaud Senate Passage of Financial Reform Bill (05/26)
Corporate governance provisions would improve accountability by management, while consumer protection provisions will help stabilize small businesses.
Corporations Want Climate Change Legislation but Are Not Waiting to Act (05/25)
Survey by Ernst & Young of executives of 300 global corporations indicates that they are implementing climate change mitigation strategies while calling for effective legislation.
CalSTRS Invests in Solar Thermal Power Plants (05/24)
The investment by the $139 billion pension fund will help BrightSource build 14 solar power plants in the US southwest by 2016
Six Thousand US Companies Support Climate Change Legislation (05/21)
An analysis by American Businesses for Clean Energy finds that supporters of climate legislation include many companies in the Fortune 100 and Fortune 500.
Pax World Launches Family of Sustainable Exchange Traded Funds (05/20)
The exchange traded funds (ETFs) track the performances of indexes whose constituents are determined by KLD sustainability rankings.
ShoreBank Scrambles to Raise Enough Cash to Avoid FDIC Seizure (05/19)
The pioneering community lender, whose practice of providing loans in distressed neighborhoods led to high default rates in the aftermath of the recession, is described as a victim of the financial crisis.
Draft of Key Performance Indicators for Corporate Reporting Is Published in Europe (05/18)
The EFFAS Commission on ESG Environmental, Social & Governance expands upon previous recommendations by adding key performance indicators (KPIs) for 114 industry subsectors.
Credit Rating Agencies Face New Legislative Strictures (05/17)
Widely criticized for assigning inflated ratings to mortgage-backed securities, rating agencies will be assigned ratings by an independent agency.
Investors Ask Hotel Chains to Help Combat Sex Tourism During 2010 World Cup in South Africa (05/14)
A letter from Christian Brothers Investment Services to hotels, asking them to help prevent the sexual exploitation of children and other human trafficking crimes, gains 300 signatories and the support of the Business & Human Rights Resource Centre.
Pension Funds Join New York State Comptroller’s Call to Withhold Votes in Favor of Board Directors at Massey (05/13)
Following the Upper Big Branch mining tragedy, the funds assert that the directors have failed to oversee risk and protect investments.
Energy Information Administration Reports Steep Decline in US Emissions in 2009 (05/12)
Drop in energy consumption, mostly due to economic downturn, is led by energy-intensive sectors, but emissions will increase again if those sectors lead economic recovery.
Environmental Resolutions Continue to Gain Strong Shareowner Support (05/11)
Resolutions requesting better disclosure of hydraulic fracturing win substantial support at two oil and gas companies.
Goldman Sachs Annual Meeting a Success for Shareowner Advocacy (05/10)
Several resolutions introduced by members of the Interfaith Center on Corporate Responsibility win significant shareowner support, and a resolution on say-on-pay is withdrawn.
Citigroup Launches Fund to Loan $200 Million to Small Businesses in Low-Income Communities (05/07)
The bank partners with Calvert Foundation and Opportunity Finance Network to provide Community Development Financial Institution Loan Funds with capital to lend to small businesses.
IntercontinentalExchange Acquires Climate Exchange (05/06)
The acquisition anticipates substantial growth in the global carbon market if the US adopts a mandatory cap-and-trade program.
Pension Funds Sue Goldman Sachs Over Abacus (05/05)
Three pension funds allege breaches of fiduciary duties by Goldman Sachs, and a law firm files a class action lawsuit on behalf of investors.
Despite More Widespread Adoption of Investment Policies, Banks Have Yet to Transition to Sustainable Practice (05/04)
Report by BankTrack, the third in a series, finds that while that more banks have publicly available policies, most of the policies are inadequate.
Greenpeace Ranks Cisco First Among IT Companies Addressing Climate Change (05/03)
The third version of the organization’s Cool IT Leaderboard ranks leading IT companies according to economy-wide solutions, emissions reductions in their own operations, and advocacy.
First-Time Resolution on Derivatives Wins 39% of Shareowner Vote at Bank of America (04/30)
Strong support for resolution follows a 30% vote in favor at Citigroup; votes at Goldman Sachs and JP Morgan Chase are next.
CEO Pay Declines for Second Year in a Row (04/29)
A preliminary report by The Corporate Library finds that compensation for CEOs of the largest companies has declined the most, largely due to the poor stock market.
First-Time Environmental Resolutions Win Strong Shareowner Support (04/28)
Resolutions addressing Bisphenol-A at Coca-Cola and coal ash at MDU Resources each gain more than 20% of shareowners’ votes.
Emissions of Largest US Companies Are on the Rise (04/27)
A Carbon Disclosure Project assessment of companies in the S&P 100 finds that the current emissions trajectory will produce a 3.66% absolute increase by 2020.
Credit Rating Agency Hit With Subpoena for Failing to Comply With Investigation (04/26)
The Financial Crisis Inquiry Commission issues subpoena to Moody’s Investors Service after the credit rating agency failed to respond to its request for documents.
Resolution on Derivatives Wins Strong Support at CitiGroup Shareowner Meeting (04/22)
Submitted by members of the Interfaith Center on Corporate Responsibility, the resolution, which requests a report on CitiGroup’s derivatives policy, wins 30% of vote.
Three Reports Detail Investment Risks in South and Southeast Asia (04/21)
The World Resources Institute examines the potential impact of water scarcity on investment in the food and beverage, power generation, and real estate sectors in the region.
Proxy Voting Guide Aims to Help Shareowners Evaluate Labor Standards (04/19)
The Corporate Library publishes guide to help shareowners decide how to vote on proposals addressing the relationship between labor standards and investment risk.
SEC Charges Goldman Sachs With Fraud (04/17)
Commission alleges that investment banker and one of its vice presidents defrauded investors with financial product based on subprime mortgages.
SEC Decision to Disallow Proposals on Net Neutrality Perplexes Shareowners (04/16)
The proposals would prohibit Internet service providers from exercising preferential treatment and unfair competitive advantage, but are disallowed on the grounds of ordinary business.
SAM to Update Dow Jones Sustainability Indexes (04/15)
The investment group invites the world's largest companies to participate in its Corporate Sustainability Assessment, to determine inclusion in the group of Sustainability Indexes.
Shareowner Resolutions Target Four Companies on Oil Sands Development in Canada (04/14)
International effort by shareowner activists ask BP, Shell, ConocoPhillips, and ExxonMobil to report on a multitude of risks relating to the environmentally damaging practice.
As You Sow Publishes 2010 Proxy Season Preview (04/13)
The sixth in an annual series of publications, the 2010 Preview highlights the successes of 2009 while identifying the major issues for shareowner advocates this year.
CDP Water Disclosure Sends First-Ever Request for Information on Water Use to More Than 300 Companies (04/12)
The initiative, which aims to inform investors of risks and opportunities relating to corporate water usage, has been signed by 137 financial institutions with a combined $16 trillion in assets.
Shareowner Activists Applaud EPA Study of Hydraulic Fracturing (04/09)
The impacts on drinking water resources of the controversial method of natural gas extraction, which is the subject of shareowner resolutions with 12 companies this proxy season, will be the focus of an EPA study.
Decisions by Court of Appeals and the SEC Block Assurance of Net Neutrality (04/08)
Court rules that the FCC lacks authority to regulate interference by Internet companies of usage by its subscribers, and the SEC disallows a number of shareowner proposals addressing net neutrality on the grounds of ordinary business. Second of a two-part series.
Measure, Manage, Report: How Companies Can Prepare for a Low-Carbon Economy (04/07)
The Environmental Defense Fund publishes a roadmap to help companies navigate the transition to greenhouse gas reductions and meaningful sustainability reporting.
Shareowners Push Internet Companies to Protect Online Privacy (04/06)
Resolution submitted by As You Sow requests from Google a policy on behavioral advertising based on tracking of online searches by consumers. First of a two-part series.
Intel Agrees to Board-Level Consideration of Sustainability (04/05)
The company engages with Harrington Investments following the submission of a shareowner resolution, and directs its legal counsel to issue an opinion that sustainability performance and reporting are the fiduciary duty of corporate Boards.
Study to Evaluate Climate Change Impact Across Asset Classes (04/02)
Mercer joins with institutional asset owners and investors to launch a study exploring the impact of climate change on asset allocation.
Companies Not Doing Enough to Limit Exposure to Bribery (04/01)
A new report from EIRIS finds that the vast majority of companies in the FTSE All World Developed Index lack adequate anti-bribery policies, and almost none provide effective reporting on the issue.
SEC Widens Inquiry into Pre-Crash Accounting by Financial Firms (03/31)
As criminal charges against Lehman Brothers are contemplated, the SEC Division of Corporation Finance requests accounting information from other companies.
Shareowners Find Support in Congress and the SEC for Resolutions Filed in 2010 (03/30)
Resolutions addressing climate change and corporate governance dominate the 2010 proxy season, as proposed legislation and regulatory mandates increase attention to the issues.
Guide on Climate Change for Private Equity Investors Is Published (03/29)
The Institutional Investors Group on Climate Change advises pension fund trustees to hold their private equity fund managers accountable for engaging with portfolio companies on climate change.
Treasury Official Criticizes Chamber for Opposing Financial Reform (03/25)
Deputy Treasury Secretary Neal Wolin says the Chamber's $3 million lobbying campaign is designed to defeat financial reform legislation.
Fifteen States Sue the EPA on Greenhouse Gas Endangerment Findings (03/24)
The lawsuit recycles recent misrepresentations of the validity of climate science in seeking to prevent or delay regulatory action on emissions reduction.
Calls for Improved Corporate ESG Reporting Span Globe (03/23)
Eurosif states that ESG reporting by European companies should be mandatory, and the Social Investment Forum's Emerging Markets Disclosure Project encourages companies in emerging markets to issue sustainability reports.
Women Are Still Underrepresented on Corporate Boards (03/22)
White paper from The Corporate Library finds that board-level gender diversity is lacking, especially among smaller companies, and suggests that new SEC rules on disclosure may help improve diversity.
A Corporate CEO Speaks Out on Climate Change (03/19)
Gary Hirshberg, CEO of Stonyfield Farm, talks with SocialFunds.com about the business case for climate change legislation and the competitive danger of not acting quickly enough. Second of a two-part series.
Companies Voice Their Support for Effective Climate Change Legislation (03/18)
Asserting that the US has already fallen behind other countries in the development of renewable energy technologies, the We Can Lead lobbying campaign brings businesses to Washington DC to call for legislation that includes a price on carbon. First of a two-part series.
Companies That Aggressively Pursue Sustainability Are Reaping Benefits (03/17)
A report from the MIT Sloan Management Review and the Boston Consulting Group finds that while the majority of companies view sustainability as a response to external pressures, some are finding profitability in its practice.
Seventh Auction of Carbon Allowances by the Regional Greenhouse Gas Initiative Yields $88 Million for Clean Energy Investment (03/16)
As doubts about passage of federal cap-and-trade legislation grow, total proceeds from Regional Greenhouse Gas Initiative auctions increase to more than $582 million.
Draft Financial Reform Bill Includes Provisions for Shareowner Rights (03/15)
Proposed bill will strengthen corporate governance by providing shareowners with proxy access and annual votes on executive compensation.
Shareowner Activists Request Better Disclosure of Strategic Risks by Oil Sands Developers (03/12)
Investor group led by Boston Common Asset Management in the US and FairPensions in the UK joins forces to engage with BP and Shell on disclosure of strategic risk mitigation in Canadian oil sands developments.
Connecticut AG Sues Rating Agencies for Their Role in Financial Meltdown (03/11)
Lawsuit charges that Moody's and Standard & Poor's knowingly assigned inflated ratings to investments backed by sub-prime loans in order to earn lucrative fees.
Lack of Government Policy, Not Technology, Is Barrier to Climate Change Mitigation (03/10)
A climate scientist and a business leader join forces to assert the validity of climate science, and recommend the adoption of a market-based cap-and-trade program.
More Than 60 Companies Voluntarily Adopt Annual Shareowner Votes on Executive Compensation (03/09)
Companies adopting say-on-pay include many in the financial industries, and all TARP recipients mandated to do so last year; in the absence of legislation or regulations, activist shareowners file more than 70 resolutions on the issue this year.
Investors File Record Number of Shareowner Resolutions on Climate Change (03/05)
Organizations that have filed resolutions addressing oil sands operations, quantitative greenhouse gas emissions reduction targets, and coal ash waste disposal, express strong support for SEC guidance on climate change disclosure.
UNEP Report Describes Urgent Need to Address E-Waste (03/04)
With growth of e-waste in developing countries expected to multiply by 2020, the report identifies technologies that can increase recycling rates and generate jobs in a low-carbon economy.
Vodafone Tops List of Sustainable ICT Companies (03/03)
Ranking of the largest global information and communication technology companies finds strengths in product innovation and supply chain engagement, but room for improvement in emissions reduction and stakeholder engagement.
Social Investors Brainstorm Responses to Citizens United (03/02)
Possible actions in response to the Supreme Court decision include voluntary disclosure of corporate political spending, regulatory action by the SEC, and Congressional legislation.
MSCI Will Acquire RiskMetrics (03/01)
Implications are uncertain for the ESG investment research industry, whose consolidation has been driven in large part by acquisitions by RiskMetrics.
Shareowner Activists Galvanized by Citizens United Decision (02/26)
Financial and reputational risks associated with corporate political spending lead to successful shareowner engagement and request that S&P 500 companies agree to disclose political donations.
PRI Commits Investors to Consideration of Environmental, Social, and Governance Issues (02/25)
A white paper published by the Corporate Library explores the impact and potential of the Principles for Responsible Investment in North America.
People Capital Launches Peer Lending Platform for Qualified Education Loans (02/24)
Following an SEC clarification of peer lending products as securities, People Capital hopes that social investors will use its lending platform to execute their missions.
Study Finds No Correlation Between Consumer Perception of Corporate Environmental Performance and Verifiable Data (02/23)
A study by New Scientist magazine employs data from ESG research provider Trucost, and finds that companies perceived by consumers as green often lag in environmental disclosure.
Companies Exposed to Water Risks Are Providing Investors With Too Little Data (02/22)
Report from Ceres, UBS, and Bloomberg Professional finds that reporting on water risks by companies in water-intensive industry sectors is insufficient.
Investors Call on 86 Global Compact Signatories to Produce Annual Communication on Progress (02/19)
A coalition of investor signatories to the Principles for Responsible Investment identify 86 large, publicly traded companies as laggard in producing annual Communications on Progress as required by the Global Compact, and urge them to do so or risk delisting.
American Funds Sells PetroChina Holdings (02/18)
The mutual fund family responds to the use of oil revenues to fund genocide in Darfur, following shareowner pressure led by Investors Against Genocide.
US Chamber of Commerce Issues Court Challenge to EPA’s Endangerment Finding on Greenhouse Gases (02/17)
In response to the EPA finding that greenhouse gas emissions threaten the public health and welfare of the American people, the Chamber challenges the Agency’s decision to trigger Clean Air Act regulation.
2010 Sees the Publication of Two Lists of Most Sustainable Companies (02/16)
Following its 2009 purchase of Innovest, RiskMetrics uses for its Global ESG 100 the ESG research previously supplied to Corporate Knights, while Corporate Knights turns to three research providers, including a startup of Innovest cofounder, for its Global 100.
Book Review: Solutions for Impact Investors: From Strategy to Implementation (02/12)
Authors Steven Godeke and Raul Pomares seek to provide an investment strategy that can combine social impact with financial returns.
Carbon Disclosure Project Publishes Second Annual Supply Chain Report (02/11)
The report finds increased engagement by corporations with suppliers on climate change, and growing expectations for improved performance.
Treasury Department Will Invest $1 Billion in Community Development Financial Institutions (02/10)
With unemployment rates still at record highs and big banks unwilling to lend to small businesses, CDFIs welcome the infusion of capital when demand for their services is greater than ever.
SEC Posts Interpretive Guidance for Climate Change Disclosure on Website (02/09)
The Commission reminds companies of their obligation to consider such issues as legislative and regulatory developments, business trends, and physical impacts in disclosure relating to climate change.
TIAA-CREF Calls on Shareowners to Take More Active Roles in Corporate Governance (02/08)
Referring to crises in governance from Enron to the financial crisis, the financial services organization recommends that institutional investors meet their responsibilities as universal owners through active engagement with companies in their portfolios.
In Wake of Controversial Supreme Court Decision, Shareowner Activists Develop Plan for Corporate Disclosure of Political Spending (02/05)
Asserting that excessive corporate political spending reduces shareowner value and weakens corporate governance, shareowner advocates call on corporations to adopt a framework for disclosure developed by the Center for Political Accountability.
Shareowners Are Urged to Press Companies to Link Compensation with ESG Factors (02/04)
A Eurosif study of companies listed in the FTSE Eurofirst300 index finds that relatively few European companies link executive compensation to ESG performance, with financial institutions lagging behind all other sectors.
Book Review: The Surprising Solution: Creating Possibility in a Swift and Severe World (02/03)
Author Bruce Piasecki describes a new global equity culture in which the corporations that thrive will be those that respond to the social challenges of a resource-restrained world.
Obama Announces Greenhouse Gas Reduction Targets for Federal Agencies (02/02)
Following his October Executive Order directing Federal agencies to set reduction targets, Obama announces that the Federal Government will reduce GHG emissions by 28% by 2020.
SEC Ruling on Proxy Disclosure Is Likely to Lead to Increased Shareowner Activism (02/01)
An overview by the Corporate Library details some of the possible effects of the ruling on shareowner actions in what could shape up to be a critically important proxy season.
Shareowner Campaign Targets Hydraulic Fracturing by Natural Gas Companies (01/29)
Twelve shareowner resolutions ask natural gas companies for transparency about the business and environmental risks of a controversial drilling method.
Report Links Effective Corporate Sustainability Reporting to Presence of Key Performance Indicators (01/28)
Based on his survey of prominent investors and analysts, Dr. Axel Hesse of Sustainable Development Management develops key performance indicators for sustainability that should be included in corporate reporting.
SEC Issues Guidance for Corporate Reporting on Climate Change (01/28)
The decision, which directs companies to disclose business risks and opportunities associated with climate change, is welcomed by investors who have been calling for such guidance for years.
Sixty Companies Agree to Measure Emissions From Product Life Cycles and Supply Chains (01/26)
Measurement and disclosure of Scope 3 emissions and emissions from product life cycles are based on standards developed by the Greenhouse Gas Protocol.
Most Socially Responsible Mutual Funds Outperformed Benchmarks in 2009 (01/25)
A study of mutual funds managed by members of the Social Investment Forum finds that two-thirds outperformed their benchmarks across nearly all asset classes in 2009, and most large cap funds outperformed the S&P 500 over three and 10 years.
Apple Tells Shareowners to Reject Proposal for Annual Sustainability Report (01/23)
Asserting that industry peers HP and Dell issue such reports and are far more transparent on sustainability issues, shareowner proposal filed by As You Sow requests that Apple produce a report that includes greenhouse gas reduction targets.
Advocates for Corporate Accountability Denounce Supreme Court Ruling on Political Spending (01/22)
Fearing that the decision will lead to an erosion of standards for corporate accountability and disclosure, advocates call on shareowners to redouble efforts for disclosure of corporate political spending.
Report Details the Growth of Market for Forest Offset Credits (01/20)
Although the vast majority of projects are transacted in voluntary markets, third-party certification as well as commitments to offsets by governments have grown.
UN Introduces Website for Partnerships with Business (01/19)
The need for humanitarian assistance following disasters such as earthquake in Haiti leads to development of the first single interface connecting business with the entire UN system.
Canadian Tar Sands Are Target of Shareowner Resolution at Shell (01/18)
Coalition of investors successfully files a resolution addressing the financial, environmental, and reputational risks of Shell's oil extraction from Canadian tar sands.
Investors Call on Governments to Act on Climate Change Now (01/15)
Investor groups attending the 2010 Investor Summit on Climate Risk at the UN endorse a statement calling for climate change policies that encourage private investment.
Investors Urge Companies to Keep Minerals from War-Torn Congo Out of Supply Chains (01/14)
Minerals smuggled out of the Democratic Republic of the Congo are funding the conflict there by entering the corporate supply chains of several industries, and investors are requesting that companies take steps to end the process.
Google to Review Business Operations in China Following Cyber-Attacks (01/13)
After years of complying with Chinese demands for self-censorship, Google responds to attacks on users’ email by announcing it is no longer willing to censor search results.
Investors Remain at Risk Due to Corporate Breaches of Supply Chain Standards (01/12)
According to a new EIRIS report, companies in consumer industries are responding to NGO pressure, but recommends investor engagement with companies on supply chain polices, management, and reporting.
Pax World Joins With Morningstar Associates to Launch ESG Managers Portfolios (01/11)
The new series of asset allocation funds are designed for investment advisors and clients looking for environmental, social, and governance criteria in their investments.
Despite Improvements in Corporate Disclosure and Regulatory Oversight, Many Asset Managers Still Do Not Consider Climate Change in Analyses (01/07)
A survey of asset managers by Ceres finds that nearly half believe that climate risk is not material to their investment analysis, despite their fiduciary duty to evaluate risk as part of their due diligence review.
TIAA-CREF Divests its Holdings in Oil Companies Operating in Sudan (01/06)
Responding to the genocide in Darfur, TIAA-CREF follows up on its commitment of March, 2009, and divests its holdings in four Asian state-owned oil companies after engagement shows insufficient progress.
Indian Government Issues Voluntary Guidelines for Corporate Governance and Corporate Social Responsibility (01/05)
At the conclusion of the first India Corporate Week, the Ministry of Corporate Affairs issues guidelines intended to encourage best practices in corporate governance and corporate social responsibility.
Fed Chief Acknowledges Failure of Regulatory Oversight in Subprime Mortgage Crisis (01/04)
Federal Reserve Chairman Bernanke calls for strengthening regulatory system to prevent the recurrence of a crisis warned of by the socially responsible investment community for years.
Korean Companies Expect to Increase Sustainability Management Practices (12/31)
Survey finds that while such issues as environmental management and supply chain management remain low among corporate priorities in Korea, climate change legislation and the outperformance of sustainable companies will lead to widespread implementation.
US Patent and Trademark Office Launches Program to Speed Patent Applications in Green Technologies (12/30)
The program is designed to encourage the development of alternative energy businesses in the US.
Carbon Disclosure Project Publishes 2010 Information Request for Companies (12/29)
In addition to the information request, which will be sent to more than 4,500 companies on February 1st, the CDP invites investors to become signatories.
US Department of Energy Will Fund Research and Development of Alternative Energy Sources (12/28)
The formation by the DOE of three Energy Innovation Hubs is intended to accelerate the commercial deployment of new energy technologies.
Investing in Energy-Efficient Buildings Can Reduce Emissions While Strengthening Portfolios (12/24)
A new report from Ceres and Mercer identifies efficiency as a significant front in mitigating climate change, and recommends that investors focus on efficiency measures in their real estate holdings.
CSR Reporting by S&P 100 Companies Shows Improvement in 2009, But Disclosure by Companies in Emerging Markets Needs to Improve (12/23)
Two recently commissioned reports by the Social Investment Forum chart the progress of corporate social responsibility reporting, both in the US and emerging markets.
Institutional Investors Object to Lack of Acknowledgement in Copenhagen (12/22)
Open letter from the United Nations Principles for Responsible Investment to Heads of State asserts that the Copenhagen agreement ignores the fact that the vast majority of financing of climate change mitigation will come from private sources.
Domini Social Equity Fund Outperforms S&P 500 Through November, 2009 (12/21)
The socially responsible investment fund reports return on investment of 31.43% through November 30, outperforming the S&P 500 by more than 7%.
Ambitious Plan for Jobs Creation Is Offered by the Economic Policy Institute (12/19)
According to its report, a plan to create at least 4.6 million jobs in the first year could be repaid by the implementation of a financial transactions tax.
Clean Jobs Creation Needs Private Investment to Succeed (12/18)
A Five-Point Plan issued by the Apollo Alliance details a number of opportunities for private investors in the creation of jobs that help combat climate change. Second of a two-part series.
Will Goldman’s New Bonus Policy Continue to Encourage Short-Termism? (12/17)
Harrington Investments files a shareowner resolution that would require executives to retain shares awarded as bonuses until after retirement.
Creating a Sustainable Clean Energy Economy Will Require Government Support (12/16)
A report from the Global Climate Network finds that opportunities for investment in the global transition to a low-carbon economy will require government support in the current economic climate. First of a two-part series.
US Secretary of Energy Announces Plan for Clean Energy Deployment in Developing Countries (12/15)
While progress toward even a non-binding agreement in Copenhagen stalls, the US Secretary of Energy announces program to help fund energy efficiency measures in developing countries.
EPA Announces Endangerment Findings on Greenhouse Gas Emissions (12/08)
The Agency responds to 2007 Supreme Court ruling by finding that greenhouse gases (GHGs) threaten public health and welfare, and finalizes proposed regulations to reduce vehicle emissions.
Treaty Conference on Climate Change Opens in Copenhagen (12/07)
While prospects for signing of an international agreement seem delayed until next year, hopes for progress increase with rescheduling of Obama's participation and involvement of China and India.
New Website Aims to Increase Proxy Voting by Retail Investors (12/04)
Hoping to reverse a decline in proxy voting by retail shareowners, Moxy Vote assembles a group of advocates with which shareowners can choose to align their votes.
Investment Consultants Believe that ESG Considerations by Investors Are Here to Stay (12/03)
The Social Investment Forum surveyed US-based investment consultants and found that while they expect client interest in ESG will continue to grow, many remain uncertain of the financial impacts.
ICCR Members Target Executive Compensation at Health Industry Companies (12/02)
In their shareowner resolution, 30 ICCR members ask 21 companies in the health industry to report on disparities between executive compensation, including health benefits, to compensation of lowest-paid employees.
Thomson Reuters Acquires ASSET4, a Major Provider of ESG Investment Research (12/01)
The merger is the latest of many in the sector in 2009, and positions Thomson Reuters to compete with major rival Bloomberg in providing ESG data to investors.
Obama to Attend Climate Change Talks in Copenhagen (11/30)
Hopes for substance in Copenhagen increase as the President intends to declare a US commitment to emissions reduction targets, and China announces targets as well.
For Many Shareowners, Private Ordering Will Mean No Proxy Access (11/29)
Report finds that unless SEC regulations on proxy access are enacted at a federal level, many shareowners will continue to face restrictions on corporate governance.
Report Maps the Attitudes and Influence of Stakeholders on Corporate Social Responsibility (11/25)
Although mainstream investors are identified as resistant to corporate citizenship activities in many countries, a report from the Boston College Center for Corporate Citizenship sees the influence of socially responsible investors to be growing.
Corporations Are Advised to Improve Human Rights Reporting (11/24)
The Global Reporting Initiative and its partners in a human rights initiative find insufficient attention to negative impacts of human rights issues in corporate reporting, and plans to update its Sustainability Reporting Framework.
Corporations are Failing to Recognize Adaptation in Their Climate Change Strategy (11/23)
Finding that adaptation to climate change requires a long-term investment horizon, a report from UK-based institutional investors recommends that investors increase their role in public policy debates on climate change.
Analysis of Waxman-Markey Finds that All States Will Benefit from Strong National Policies (11/20)
A report from the University of California at Berkeley concludes that passage of climate change legislation could create 1.9 million jobs by 2020.
Carbon Disclosure Project Launches CDP Water Disclosure Initiative (11/19)
Seeking to replicate its success in increasing voluntary reporting by companies on carbon emissions, the CDP develops a mechanism for corporate reporting on water use.
Studies Find Positive Link Between ESG Integration and Investment Performance (11/18)
Mercer's second review of academic research into ESG factors again finds that most studies report a positive correlation with financial performance.
Shareowner Activists Continue to Press Cisco on Human Rights (11/17)
An investor coalition led by Boston Common Asset Management has sought for years to engage the company on the issue of freedom of expression on the Internet, but without meaningful response has had to re-introduce shareowner proposals.
US and China Sign Memorandum of Understanding for Protection of Investors (11/16)
Acknowledging the interdependence of their economies, the Securities Investor Protection Corporation and the China Securities Investor Protection Fund agree to partnership.
Companies Are Asked to Distance Themselves From Chamber on Health Care Reform (11/13)
A letter from 60 members of the Interfaith Center on Corporate Responsibility asks 36 companies that have supported the principles of healthcare reform to publicly state their disagreement with the US Chamber of Commerce's opposition.
Low Income Housing Advocates Call on Congress to Strengthen Tax Credit Program (11/12)
A new report finds that the market for low-income housing tax credits declined by more than one-third due to the economic crisis, and proposes legislation for strengthening the program.
Is Climate Denial Growing in the US? (11/11)
Survey by the Pew Research Center for the People & the Press finds decreasing numbers believing evidence of global warming, but a majority in favor of a cap-and-trade program as well as an international agreement on climate change.
Forest Carbon Offset Market Needs Consistent Accounting Standards (11/10)
The market for offset credits to mitigate deforestation is growing, but investors and other stakeholders require that guidance be provided in accounting for them.
Senate Committee Approves Kerry-Boxer Climate Bill (11/09)
The Clean Energy Jobs and American Power Act continues to face obstacles as it is considered this week by Senate committees on Finance, and Energy and Natural Resources.
Current Government Policies Are not Enough to Ward Off Climate Change (11/06)
Report from Deutsche Bank Climate Change Advisors warns that global emissions reduction targets are insufficient to meet the requirements established by climate science, but finds that aggressive policies and incentives can succeed.
House Committee Approves Investor Protection Act (11/05)
The Act, which includes an amendment authorizing the SEC to allow shareowner votes on corporate directors, awaits final approval from the full House of Representatives.
Role of Stock Exchanges on Corporate ESG Disclosure Gains Traction (11/04)
Reports from the World Federation of Exchanges and EIRIS coincide with UN meeting on how stock exchanges can encourage responsible investment.
RiskMetrics Acquires KLD (11/03)
Deal is the second major acquisition of an ESG research provider by RiskMetrics in 2009.
Room for Improvement Exists in Corporate Sustainability Reporting on Gender (11/02)
The Global Reporting Initiative and IFC issue guidance for enhanced corporate reporting on gender issues, and advise investors to encourage gender diversity.
Foundations Project That Mission Investing Will Have Increased in 2009 (10/30)
Survey undertaken by More for Mission finds that mission investing by foundations continues despite effects of economic downturn, but that few respondents exercise shareowner advocacy.
Activist Shareowners Celebrate SEC Reversal of Bush-Era Ruling (10/29)
New ruling from the Division of Corporation Finance would allow shareowner resolutions addressing the financial risks of corporate activities in environmental and social areas.
Stanford Professor Receives 2009 Moskowitz Prize (10/28)
The annual prize for outstanding quantitative research in socially responsible investing is awarded to David P. Baron, Professor of Political Economy and Strategy at Stanford.
Are North American Companies Improving Their Climate Change Performance? (10/27)
A new report from EIRIS finds that reporting and short-term reduction targets are comparable to global peers, but that North American companies lag in third-party verification and linking executive compensation to emissions reduction.
Department of Energy Is Urged to Halt Loan Guarantees for Nuclear Power Plant Construction (10/26)
Citing Nuclear Regulatory Commission's finding of potential design flaws in reactor proposed for deployment at several sites, ten organizations say loan guarantees would be "grossly imprudent."
Book Review: Up from Wall Street: The Responsible Investment Alternative (10/22)
Author Tom Croft, in describing evolution of asset allocation strategies by pension funds, notes damage done by economic crisis, but sees in economically targeted investments a way to realize returns while fulfilling stewardship mandate.
Consumers Are Using New Media to Engage with Companies on Issues of Corporate Responsibility (10/21)
Survey by Cone finds that an increasing number of American new media users are using online outlets in efforts to influence corporate decision-making.
Shareowners Rush to Challenge Goldman Sachs on Huge Payouts of Bonuses (10/20)
As the TARP bailout recipient prepares to award executives with billions of dollars in bonuses, shareowners call for a review of its compensation practices.
Investors Urge Companies to Distance Themselves from Associations Over Climate Change (10/19)
A letter to 14 companies notes misalignment between their positions on climate change and that of the US Chamber of Commerce and the National Association of Manufacturers.
Fourth Green Report Card for Colleges Is Released (10/16)
The Sustainable Endowments Institute recognizes 26 colleges as Sustainability Leaders, up from 15 in 2009.
Obama Directs Federal Agencies to Reduce Emissions (10/15)
Executive Order requires Federal agencies to set greenhouse gas emissions reduction targets within 90 days.
2009 Wachovia NEXT Awards for Opportunity Finance Are Awarded to Two CDFIs (10/14)
The New Hampshire Community Loan Fund and the Federation of Appalachian Housing Enterprises are awarded a total of $8.25 million in low-cost loans and unrestricted grants.
Sovereign Wealth Funds Are Slow to Adopt Santiago Principles (10/13)
Report from the Investor Responsibility Research Center Institute and RiskMetrics Group finds low levels of disclosure among the ten largest SWFs, and little evidence of ESG considerations.
Are Senior Citizens the New Targets for Predatory Lenders? (10/12)
The National Consumer Law Center finds an increase in reverse mortgages directed at older homeowners, and details potential opportunities for abuse by lenders.
Defections from US Chamber Over Climate Change Continue (10/09)
Apple resigns from Chamber effective immediately, and Nike resigns from Chamber Board of Directors while continuing to evaluate its membership.
Venture Capital Investment in Clean Technology Continues Its Recovery (10/08)
Investment in third quarter increases by 10% over second quarter to $1.59 billion, but remains down 42% compared to third quarter of 2008.
Survey Finds a Majority of Corporate Respondents Measuring Their Carbon Footprints (10/07)
Most corporate respondents to an EcoSecurities survey have undertaken energy efficiency, recycling, and waste management activities, and would purchase carbon offsets to support solar and wind power projects.
Executive Compensation Declines in 2008, but Far Less than Decline in Stock Markets (10/06)
Report from the Corporate Library describes a slight decline in total realized executive compensation as revolutionary, but an inadequate response to much greater declines in shareowner value.
EPA Proposes Rules for Regulation of Greenhouse Gas Emissions (10/05)
Basing its authority on a 2007 Supreme Court decision that the Bush Administration ignored, the Agency would require large facilities emitting over 25,000 tons of greenhouse gases to obtain permits.
Investment Advisors Explore Ways to Incorporate ESG Issues into Their Services (10/02)
The Boston College Institute for Responsible Investment produces a paper that summarizes the concepts and goals explored in a meeting of investment consultants and asset managers.
Report Looks at Prepaid Cards as Potential Source of Income for CDFIs (10/01)
The National Community Investment Fund finds that by providing prepaid card services in underserved communities, CDFIs can help bring consumers without banking relationships into the mainstream economy.
SEC Approves Proposals to Strengthen Oversight of Credit Rating Agencies (09/30)
Finding that the failure of credit rating agencies to adequately serve investors' interests contributed to the economic crisis, the Commission's proposals include rules to increase disclosure.
EPA Finalizes Rule for Mandatory Emissions Reporting (09/29)
Facilities responsible for 85% of greenhouse gas emissions in the US will be required to monitor and report on emissions starting in 2010.
PG&E Quits US Chamber of Commerce over Differences in Climate Change (09/28)
Utility cites "fundamental differences" following call by Chamber's senior vice president for "Scopes monkey trial" of climate change science.
Emerging Markets Financial Institutions Should Increase Attention to Climate Change (09/25)
Report commissioned by DEG and prepared by Ceres and RiskMetrics finds improvements in corporate governance, but much work yet to be done in emissions measurement and reporting.
CDP Issues Annual Report on Emissions Reporting by World's Largest Companies (09/24)
The CDP's 2009 report includes responses from 82% of the 500 largest companies in the FTSE Global Equity Index Series, with significant improvements noted in responses from developing countries.
Jantzi—Sustainalytics Merger the Most Recent as the Consolidation of ESG Research Sector Continues (09/23)
Three representatives from the ESG research sector speak with SocialFunds.com about the factors contributing to the number of mergers in a rapidly maturing field.
Shareowner Opposition to Board Nominees Increases in 2009 (09/21)
PROXY Governance finds that significant increase in votes against nominees in director elections led to failure of 84 directors at 48 companies to attain majority shareowner support.
Newsweek Publishes List of Top 500 Green Companies in US (09/21)
The mass-market publication uses research from KLD and Trucost to arrive at its rankings.
Aspen Institute Calls for End of Short-Termism by Business and Investors (09/18)
In citing benefits to society of long-term business and investment strategies, report incorporates terms often utilized by socially responsible investors.
Investors Call for Binding Climate Change Agreement in Copenhagen (09/17)
Group of 181 institutional investors representing $13 trillion in assets says that a global agreement is necessary for confidence in investment in climate change mitigation.
Carbon Disclosure Project Forms Partnership with Chicago Climate Exchange (09/16)
Partnership intends to raise visibility of greenhouse gas emissions measurement and reporting, and increase opportunities for companies and investors.
Report Calls Carbon Offsets a Disaster for Averting Climate Change (09/15)
Friends of the Earth contends that international offsets allow developed countries to go on polluting, and delay the development of a global low-carbon economy.
Semi-Annual Review of FTSE4Good Index Series Is Completed (09/14)
Widely-used benchmark for responsible investment adds 33 companies, and deletes 15 for failing to meet standards of corporate responsibility.
Social Investment Forum Issues Framework for Reform of Financial Industry (09/11)
Organization of socially responsible investors states its support for Obama Administration recommendations, while calling for mandatory environmental, social, and governance disclosure as well.
Alstom Power Joins Exodus from Scandal-Plagued American Coalition for Clean Coal Electricity (09/10)
One week after Duke Energy left the trade group, French-based Alstom Power does the same, citing the group's opposition to climate change legislation as its reason.
Walden Asset Management Calls on Corporations to Separate Roles of CEO and Board Chair (09/09)
Citing the findings of the Millstein Center for Corporate Governance and Performance, letter to 32 corporations describes the independent Chair as a step toward regaining trust during the economic crisis.
Third World Climate Conference Ends with Call from Experts for a Strengthened Global Framework (09/08)
Participants in the Expert Segment of the Conference conclude that current climate services capabilities are insufficient, and major new and strengthened research efforts are necessary.
Nine Investor Law Firms Support SEC Efforts to Ensure Shareowner Rights (09/07)
Letter from nine securities and corporate governance law firms supports the rights of shareowners to vote on board nominees, and argues against permitting companies to opt out of disclosure requirements.
Sustainable Development Is Integral to Reducing Impacts of Climate Change (09/04)
Report by the UCLA School of Law calls for commitment from local, state, and federal governments to remove impediments to sustainable development projects.
Annual Review of the Dow Jones Sustainability World Index Is Completed (09/03)
Global composite index, which tracks leaders in corporate sustainability, adds 33 companies and deletes 33, leaving the number of components at 317.
Record-Breaking Numbers of Resolutions and Engagements on Climate Change are Recorded in 2009 Proxy Season (09/02)
Ceres counts 68 climate-related shareowner resolutions filed in 2009, 31 of which were withdrawn following successful engagement with companies.
World Water Week Participants Call for Attention to Water Issues at Copenhagen Climate Conference (09/01)
Unanimously supported by 2,500 participants, the Stockholm Statement calls for inclusion of adaptive measures with broad development goals, and increased funding to support adaptive measures.
Emerging Markets Offer Opportunities for Sustainable Investors (08/31)
Research by UBS finds opportunities for investment in renewable energy and sustainable transportation in Asia, and affordable housing in Latin America.
Investors Are Enthusiastic About ESG in Emerging Markets (08/29)
IFC report finds that sustainable criteria are of increasing importance to asset owners and managers when investing in emerging markets.
Largest US Companies Have to Improve Environmental Policies, Practices, and Disclosure (08/27)
Report finds that few companies listed in the Russell 1000 Index have publicly available environmental policies, certifiable environmental management systems, or sustainability reporting mechanisms.
Emissions Reduction Targets of Largest Companies Fail to Meet Scientific Standards (08/25)
Report from the Carbon Disclosure Project analyzes emissions reduction targets of the world's 100 largest companies, and warns that targets are insufficient to meet scientific guidelines.
KLD's Sustainability Indexes Are Rebranded as a Result of Partnership with FTSE (08/24)
Rebranded indexes include the Domini 400 Social Index, the first index to employ ESG factors, which is now named the FTSE KLD 400 Social Index.
Many SRI Funds Are Outperforming Benchmarks in 2009 (08/21)
The Appleseed Fund continues its strong performance among domestic equity funds, while Pax World posts highest return on investment among fixed-income products.
New York State Retirement Fund Invests $200 Million in Green Indexes (08/20)
Green Strategic Investment Program, established to commit $500 million to green investment strategies, chooses the FTSE Environmental Technology 50 and the HSBC Global Climate Change Index as benchmark indexes.
Book Review: Investment Opportunities for a Low Carbon World (08/19)
Thirty-one contributors to collection of essays edited by Will Oulton of FTSE Group analyze low-carbon technologies and related investment opportunities.
Contenders for 2009 Wachovia NEXT Awards for Opportunity Finance Are Announced (08/18)
Presented by the Opportunity Finance Network, the awards will provide $8.25 million in financing to leading Community Development Financial Institutions.
Faith-based Investors Get Handbook to Help Increase Community Investing (08/17)
The Social Investment Forum has published a handbook to help facilitate the increase in community investing by faith-based individual and institutional investors.
Dow Jones Sustainability Japan 40 Index Is Launched (08/15)
Index includes the largest 40 sustainability leaders in Japan, based on corporate sustainability assessments by SAM.
US and China Agree to Cooperate on Climate Change (08/13)
Memorandum of Understanding reinforces UN Framework Convention on Climate Change, and calls for the two countries to seek input from business and non-governmental organizations in efforts to combat climate change.
María Otero Is Confirmed as US Under Secretary of State for Democracy and Global Affairs (08/12)
Under her leadership as CEO since 2000, ACCION International served 3.7 million micro-entrepreneurs and had a combined portfolio of nearly $3.6 billion.
Largest Companies in FTSE All World Index Show Improvement in Addressing Climate Change, but Room for Further Improvement Remains (08/11)
Report by EIRIS compares 2009 performance of the 300 largest companies in the Index to that of 2008, and finds that while corporate commitment to mitigation has improved, unmitigated risk is still unacceptably high.
Responsible Investing Poised to Become Mainstream (08/10)
Report by Robeco Investment Management and Booz & Company expects responsible investing to grow to as much as 20% of total assets under management by 2015.
Treasury Department Calls for Applications for Renewable Energy Grants (08/08)
Under the American Recovery and Reinvestment Act, at least $3 billion is available for construction of renewable energy facilities.
Efficiency Measures Can Play Major Role in Reducing US Greenhouse Gas Emissions (08/07)
Two new reports find considerable potential in energy efficiency for significant reductions in US greenhouse gas emissions, and that cost savings should far outweigh the price of implementation.
Investor Confidence in Cleantech Rebounds in Second Quarter (08/06)
Analysis by Ernst & Young finds significant increases in venture capital investment in the second quarter, and increased private equity and asset based financing as well.
ESG Disclosure by Water Services Sector is Insufficient, Report Finds (08/05)
Survey by the Interfaith Center on Corporate Responsibility of ESG reporting by water companies finds that investors are provided too little information on which to make informed investment decisions.
Website Containing Human Rights Records of Corporations Adds Work by UN Representative for Business and Human Rights (08/03)
Portal maintained by the Business & Human Rights Resource Centre includes all material published by John Ruggie, the United Nations Secretary General's Special Representative on business & human rights.
US House Passes Bill that Limits Executive Compensation (08/01)
In addition to requiring annual shareowner votes on executive compensation, the bill gives regulators the power to prohibit risky compensation packages at large financial institutions.
Socially Responsible Investors Welcome Signs that the SEC is Considering Mandatory ESG Reporting (07/31)
The Social Investment Forum responds to questions from SEC commissioners on mandatory ESG reporting with letter, and the first meeting of the SEC's Investor Advisory Committee includes ESG reporting on its agenda.
Companies Face Challenges in Improving Visibility of Supply Chains (07/29)
Respondents to a Business Performance Management Forum survey cite cost savings, environmental compliance, and improved customer service as factors in enforcing sustainability throughout their supply chains.
Green Century Balanced Fund Is First US Mutual Fund to Disclose Carbon Footprint (07/28)
Using analysis by Trucost, Green Century Capital Management finds that greenhouse gas emissions of companies in its Balanced Fund portfolio are 66% less than those of S&P 500 companies.
Entertainment Sector Lags Behind Other Industries in Environmental and Social Reporting (07/27)
Report from the Roberts Environmental Center awards no points for environmental performance to any of 14 entertainment companies surveyed.
Report Calls for Effective Board Oversight of Risk Exposure and Exercise of Shareowner Responsibilities (07/24)
UK report identifies excessive risk taking by financial industries as significant factor in the financial crisis, and provides recommendations for boards and institutional shareowners to prevent recurrence.
ESG Issues Should be Embedded in Legal Agreements Between Investors and Advisors, Report Finds (07/23)
A new report by the Asset Management Working Group of the United Nations Environment Program Finance Initiative argues that advisors who fail to raise ESG issues with clients face the risk of lawsuits. Second in a two-part series.
UNEP Hones Legal Argument for ESG Incorporation in Investments in New Study (07/22)
Report by the United Nations Environment Program Finance Initiative's Asset Management Working Group serves as a sequel to landmark Freshfields study, which established legal case for ESG criteria in investing. First in a two-part series.
As ETFs Gain Popularity among Investors, Their Proxy Voting Power Grows as Well (07/21)
A new report by the Investor Responsibility Research Center Institute and PROXY Governance examines the proxy voting guidelines and voting records of the seven largest ETFs in the US.
PRI Issues Guidance for Responsible Investment in Private Equity (07/20)
Responsible Investment in Private Equity: A Guide for Limited Partners seeks to apply the Principles for Responsible Investment to the unique characteristics of private equity investing.
Responsible Investors Show no Sign of Retreat from Principles in Troubled Times (07/17)
Report by the UN Principles for Responsible Investment finds that asset owners and investment managers have increased their commitment to Responsible Investing in the wake of the economic crisis.
Investor Awareness of Impact of Climate Change is Growing (07/15)
The Institutional Investors Group on Climate Change finds that signatories to its Investor Statement on Climate Change report increased attention to climate change in their investments.
FTSE Develops Classification System for Environmental Products and Services (07/14)
Investors preparing to gain exposure to the global transition to a low-carbon economy now have a classification system to help guide their investment decisions.
Fund Managers Fail to Actively Manage Carbon Risks in Investments (07/13)
Report on greenhouse gas emission by companies in UK-based equity funds encourages pension funds and fund managers to take steps to manage exposure to carbon risks in their portfolios.
Microfinance Practitioners See Themselves as Vulnerable to Macro-Economic Forces (07/10)
Second Microfinance Banana Skins report finds that in wake of economic crisis, financial issues such as credit risk and liquidity replace management quality and corporate governance as primary concerns.
Canadian Mutual Funds Continue to Vote Against Shareowner Proposals (07/09)
Study finds that SRI funds offered by mainstream fund companies vote in favor of management, even on core ESG issues.
Investors Call for Improved ESG Disclosure by Companies in Emerging Markets (07/08)
Seventy percent of respondents to survey by the Emerging Market Disclosure Project say that lack of ESG disclosure by companies in emerging markets hampers their efforts to increase investments.
SAM Launches New Mutual Fund for US Investors (07/07)
The SAM Sustainable Global Active Fund invests in companies based on sustainability criteria.
SEC Proposes Rule Changes to Improve Corporate Transparency (07/06)
Proposals address shareowner votes on executive compensation at TARP recipients and disclosure of information on corporate governance, and eliminate broker voting on uninstructed shares.
Findings of Chamber Report on Proxy Voting are Challenged (07/03)
Adam Kanzer of Domini Social Investments analyzes report issued by the US Chamber of Commerce, and finds questionable methodology and political bias.
Report Suggests that CDFIs are Weathering the Worst of the Economic Crisis (07/02)
With funding for community development financial institutions a central part of the economic stimulus, and with renewed interest from individual investors, CDFIs look forward to improved performance for remainder of 2009.
House Passes Waxman-Markey Clean Energy Bill (06/30)
American Clean Energy and Security Act seeks to reduce US dependence on oil, invest in clean energy technologies, and reduce carbon emissions.
Book Review: The Truth about Green Business (06/25)
Author Gil Friend surveys the current state of sustainable corporations, and provides steps that companies can take to green their business.
New Investment Indices Will Track Companies Adapting to Low-Carbon Economy (06/24)
Family of indices developed by the Carbon Disclosure Project and Markit join a growing number of investment vehicles that include environmental considerations.
Activist Shareowners Tally Victories in 2009 Proxy Season (06/23)
The Interfaith Center on Corporate Responsibility and As You Sow report successful shareowner efforts on resolutions addressing corporate governance, the environment, and human rights.
Lack of Indigenous Rights Policies Puts Companies at Risk (06/22)
Report finds that few companies engaged in extractive business activities in indigenous lands have policies that address indigenous rights concerns.
Do Private Equity Buyouts Lead to Improved Corporate Governance? (06/19)
Report by the Investor Responsibility Research Center Institute finds that governance policies at buyout-backed companies often reward executives at the expense of shareowners.
Investors Face Risk From Lack of Disclosure by Nanotechnology Companies (06/18)
Report from the Investor Environmental Health Network finds that regulatory loopholes leave investors in the dark about potential liabilities, and suggests corrective steps for regulators to take.
Job Growth in Clean Energy Outpaces Overall Job Market (06/16)
Report from the Pew Center on the States finds that job growth in the clean energy economy has been sustained by investment, and with increased government assistance is likely to weather economic downturn.
Industry Initiatives Help Companies Adapt to Expectations on CSR Issues (06/15)
Report by the Ethical Corporation Institute finds examples of success among industry initiatives that address CSR, but others that have yet to meet the expectations of stakeholders.
Mortgage Borrowers Gain Tool to Access Fair and Safe Loans (06/12)
The Fair Mortgage Collaborative provides consumers with access to mortgage lenders who have been certified for their fair lending practices.
Obama Administration Proposes Legislation on Say-on-Pay (06/11)
Legislation would authorize the SEC to require annual shareowner votes on executive compensation, and would require standards of independence for corporate compensation committees.
Damage to Ecosystems Can Lead to Financial Losses and Reputational Risks for Companies (06/10)
Report by Eurosif and oekom research finds that risks to five industrial sectors can be offset by attention to biodiversity. The financial services sector faces risks and opportunities as well.
Guidelines for Corporate Disclosure of Costs of Climate Change Are Proposed (06/09)
The Climate Disclosure Standards Board issues a proposed framework that would align corporate reporting of climate change with principles and objectives of financial reporting rules.
S&P 500 Companies Face Financial Risks Under Cap-and-Trade Legislation (06/08)
Report by the Investor Responsibility Research Center Institute and Trucost finds the utilities sector to be especially vulnerable, and advises investors to incorporate climate change risks into their investment strategies.
SEC Forms Investor Advisory Committee (06/05)
Commission invokes its mandate to protect investors as a factor in the formation of the Committee, which includes in its membership representatives of the social investment community.
Investments in Clean Energy Are Hampered by Financial Crisis (06/03)
Report by the United Nations Environment Program finds that modest improvement in investment amounts in 2008 have been undermined by the financial crisis, as investors wait for effects of government policies.
Investors Must Lead Efforts to Reduce Climate Change Risks (06/02)
Report by the United Nations Global Compact finds opportunities in a transition to a low-carbon economy to be challenged by the urgency of climate change risks.
Annual Halo Awards Are Given to Cause Marketing Partnerships of Companies and Nonprofits (06/01)
The Cause Marketing Forum bestows its Golden Halo Awards upon Timberland and Share Our Strength for their use of cause marketing to achieve socially beneficial ends.
Hybrid Boards of Directors Can Lead to Increased Share Values (05/29)
Study by the Investor Responsibility Research Center Institute and PROXY Governance finds that efforts by activist institutional shareowners to seat dissident board members correlates with increased share prices.
Global Business Leaders Issue Call for Effective Climate Change Treaty (05/28)
At the World Business Summit on Climate Change, statement by business leaders outlines issues that an effective climate change treaty must address.
World's Largest Stock Exchange Will Provide ESG Information to Its Listed Companies (05/27)
Collaboration of NYSE Euronext and ASSET4 will provide companies listed on the exchange with access to ASSET4's database of ESG information on 2,800 of the world's largest companies.
Coca-Cola Distribution Model Contributes to Entrepreneurship in Africa (05/26)
Report finds that the company's Manual Distribution Centers have led to the creation of 12,000 jobs while contributing to the Millennium Development Goals.
President Obama Signs Credit Card Act of 2009 (05/25)
Act is intended to eliminate unfair rate increases and increase accountability for creditors and regulators.
Effective Policies Can Limit Competitiveness Impacts of Climate Change Legislation (05/22)
In the second of a two-part series, the climate change policy implications of the Pew Center's report on competitiveness impacts on US business are explored.
Companies Are Slow to Adopt Interactive Technologies in GRI Reporting (05/21)
Study by the Global Reporting Initiative finds that while most companies provide sustainability information on their web sites, access by users can be hampered by inconsistent terminology.
How Will Climate Change Legislation Affect US Competitiveness? (05/20)
Report from the Pew Center on Global Climate Change finds that a flexible cap-and-trade program can reduce emissions while protecting vulnerable industries from foreign competition. First of a two-part series.
Corporations Show Improvement on ESG Issues, but Have a Long Way to Go (05/19)
Research by EIRIS finds that financial institutions score the lowest in managing their ESG risks.
Consumer Products Companies Have the Best Reputation Among US Respondents to Survey (05/19)
Annual study by the Reputation Institute ranks Johnson & Johnson first in corporate reputation, while companies in financial industries suffer the sharpest declines.
CalSTRS Issues Guidelines for Adoption of Executive Compensation Policies (05/15)
Nation's second-largest public pension fund offers principles for the adoption of executive compensation policies, as well as recommendations for addressing issues important to shareowners.
Activist Shareowners Take to the Web to Challenge ExxonMobil (05/14)
Web site assists investors in contacting mutual funds to express support for shareowner resolutions addressing climate change and corporate governance.
Investors Support Passage of Employee Free Choice Act (05/13)
In a letter to Congress, a group of institutional investors argue that passage of the bill would restore human rights in US workplaces and contribute to economic recovery.
NCIF Develops Tool to Measure Impact of CDFIs on Low-Income Communities (05/12)
The National Community Investment Fund finds CDFIs and mission-driven community banks outperform other banks in service to underserved communities by a substantial margin.
CEOs Urge Action Against Corruption (05/11)
Signatories assert that an implementation review mechanism is essential for ensuring the success of preventive measures and law enforcement provisions included in the UN Convention against Corruption.
Canadian SRI Assets Increased to $609 Billion in 2008 (05/08)
Report by the Social Investment Organization finds that SRI has maintained its market share of almost 20%.
TD Asset Management Announces Sustainable Investing Policy for all Operations (05/08)
Investment firm will incorporate ESG criteria across all investment mandates, and launches Global Sustainability Fund that includes corporate sustainability leaders.
Shareowner Resolutions on Say on Pay Gain Widespread Support (05/06)
More than 100 resolutions targeting executive compensation have been filed in 2009, and ten out of the 29 already voted on win majority support.
Reforestation Plays a Growing Role in Corporate Carbon Offset Strategies (05/04)
Report finds that many companies are purchasing forest carbon offset credits to reduce greenhouse gas emissions and offer carbon-neutral products and services to customers.
Report Finds that Electric Utilities Are Unprepared for Carbon Regulation (05/01)
A new report by the Carbon Disclosure Project finds that disclosure by electric utilities on greenhouse gas emissions has improved, but falls short of the demands of a low carbon economy.
Congress Is Briefed on Plans to Fund Revitalization of Neighborhoods Hit by Foreclosures (04/30)
NSP funding requires communities to submit action plans detailing their spending, and report by Enterprise Community Partners is the first published effort to study the data.
Despite Health Risks, Packaged Food Industry Continues to Use BPA (04/29)
Report by Green Century Capital Management and As You Sow finds that companies have not gone far enough in replacing BPA, and recommends timetables for its elimination.
PepsiCo Agrees to Policy Respecting Human Right to Water (04/28)
Shareowner advocates led by NorthStar Asset Management succeed in engagement with PepsiCo on resolution calling for adoption of water management policy.
Opportunities to Address Climate Change Available in all Asset Classes (04/27)
The Institute for Responsible Investment publishes a handbook to help sustainable investors address risks and opportunities associated with climate change.
Toy Companies Are Failing to Address Climate Change (04/24)
Research by Climate Counts finds that toy and children's equipment manufacturers score the lowest of all industry sectors, with eight of thirteen companies receiving scores of zero.
New San Francisco Coworking Space Will Benefit Social Entrepreneurs (04/23)
Social innovators rent space from HUBsf as needed, and share ideas with like-minded entrepreneurs and nonprofits.
European Commission Is Urged to Mandate ESG Reporting by Corporations (04/22)
Report from Eurosif recommends regulatory action to increase transparency in corporations and institutional investors, and to enhance the rights of shareowners.
Leading Credit Card Lenders Face Proxy Votes on Predatory Lending (04/21)
ICCR members submit shareowner proposals requesting evaluations of predatory lending practices, and banks' objections are disallowed by the SEC.
2008 Sees Increases in CSR Reporting and Adherence to GRI Guidelines (04/20)
CorporateRegister.com users vote Vodafone as best CSR report overall for the second year in a row, and Royal Dutch Shell for best carbon reporting.
Vanguard Funds Agrees to Proxy Vote on Investing in Companies Complicit in Darfur Genocide (04/17)
Shareowner action led by Investors Against Genocide proceeds to proxy ballot after Vanguard is found to have increased its holdings in PetroChina.
Rating System Helps Investors Assess Social and Financial Performances of CDFIs (04/16)
In the first quarter of 2009, the CDFI Assessment and Rating System added seven CDFIs to list of 46 that it has analyzed, and it hopes to rate an additional 23 by year's end.
Sustainable Investing Fund Is Launched in Africa (04/15)
The Africa Sustainability Passive Equity Fund, offered to institutional investors by Mauritius-based Sustainable Capital, will apply ESG criteria to both countries as well as companies in Africa.
Microfinance Institutions Begin to Incorporate Climate Change in Development Strategies (04/14)
Report from CGAP finds that MFIs are well-positioned to contribute to energy efficiency in developing countries, but recommends shift in priorities from loans to financial services that include savings.
Study Finds that Largest Indian Companies Need to Improve CSR Activities and Reporting (04/13)
Report by Karmayog gives lowest score to nearly half of the 1,000 largest companies in India, and recommends adoption of Global Reporting Initiative guidelines for CSR reporting.
Report Alerts Investors to Carbon Footprints of Mutual Funds (04/10)
A Trucost report on the carbon footprints of major mutual funds finds that sustainability and SRI funds generally outperform the mainstream, and warns investors to prepare for carbon pricing.
Corporate Efforts to Help Eradicate Human Trafficking and Child Sex Tourism are Insufficient (04/09)
Organizations dedicated to the eradication of human trafficking and child sex tourism find that US companies are especially reluctant to take action. Second of a two-part series.
Corruption in China Proves Difficult to Uproot, But Corporations Can Mitigate Issue in Their Supply Chains (04/08)
Briefings from Ethical Corporation Institute find that China's traditional business culture contributes to problem, but government regulation and attention by corporations to supply chains help mitigate corruption.
Human Trafficking and Child Sex Tourism: Crimes of Global Proportions Intersect with Corporate Responsibility (04/07)
Activist shareowner engagement leads to progress in corporate action against human trafficking and child sex tourism, but much work yet remains to be done, especially among US-based corporations. First of a two-part series.
As You Sow Publishes Annual Preview of Shareowner Proposals for 2009 (04/06)
The Foundation counts more than 100 proposals on executive compensation, and reports that health care reform has the largest increase in proposals for the second year in a row.
Insurers Improve Response to Climate Change (04/03)
Report from Ceres finds increased awareness of climate risks, and new products and offerings, but concludes that room for improvement remains.
ESG Trends in Emerging Markets Is Focus of New Study (04/02)
Report from IFC and Mercer finds growth in sustainable investing in emerging markets, but notes need for improvement in such areas as active ownership.
Labor Unions and Environmental Groups Join to Endorse Climate Change Legislation (04/01)
The Blue Green Alliance announces support for a cap-and-trade system and a renewable electricity standard included in proposed Waxman-Markey clean energy legislation.
Leading Sustainable Finance Organizations Call on G-20 to Adopt ESG Considerations (04/01)
Six organizations provide recommendations for a sustainable economic recovery and implementation of environmental, social, and governance factors in financial regulations.
European Sustainability Research Association Develops Standards of Performance (03/31)
The Association of Independent Corporate Sustainability and Responsibility Research releases a Voluntary Quality Standard to ensure that the work of investment research providers is transparent and has verifiable quality.
Real Estate Investors Are Encouraged to Apply Responsible Investment Principles to Property Investments (03/30)
The UNEP FI Property Working Group finds that equity approaches to responsible investment can be applied to commercial property investment as well.
TIAA-CREF Commits to Genocide-Free Investing in Sudan (03/28)
Decision to engage petroleum companies whose operations support genocide in Darfur, and to divest if progress is not made, is applauded by Investors Against Genocide.
Report Challenges Claim of Carbon Neutral Paper Products (03/27)
Environmental Paper Network recommends that paper industry focus on the production of low carbon paper products by recycling and other gains in efficiency.
TARP Banks Rebuff Shareowner Request to Create Economic Security Committees (03/26)
Shareowner proposal introduced by Harrington Investments is excluded from proxy ballots by the SEC, and Bank of America and Citigroup refuse a direct request from Harrington to form a board-level committee.
CDFI Fund Fast-Tracks Capital for Underserved Communities (03/25)
Community Development Financial Institutions and other Community Development Entities will receive $90 million in June and another $50 million in September.
IT Companies Improve CSR Performance but Still Face Challenges (03/24)
Oekom report credits improved reporting by companies for better scores in the IT sector, but warns that compliance in supply chains and environment could be undermined by economic crisis.
Bi-Annual FTSE4Good Index Series Review Completed (03/23)
Benchmark Index for investors that measures corporate responsibility standards adds 23 and removes 16 constituent companies.
Human Trafficking and Abortion Are Top Areas of Concern for Catholic Investors (03/20)
Survey of institutional investors by Christian Brothers Investment Services helps guide an investment strategy that includes stock screens and shareowner activism.
Fixed Income Investments Support Green Building (03/19)
The New Mexico Mortgage Finance Authority and Community Capital Management describe how fixed income investment help fund successful rehabilitation of buildings based on green building principles.
CRO Magazine Publishes List of 100 Best Corporate Citizens for 2009 (03/18)
Bristol Myers-Squibb tops list after failing to appear in 2008, while 50 companies tie for first in reconfigured governance category.
Ceres Climate Change Coalition Adds Three New Members (03/17)
The Business for Innovative Climate and Energy Policy (BICEP) lauds Jackson of EPA for emissions reporting proposal and adds Gap, eBay, and Symantec to its membership.
Investment in PetroChina Will Be First Test Case for Vanguard's New Policy on Genocide (03/16)
Investment management company promises to monitor its mutual funds for investments in companies that contribute to genocide and other crimes against humanity.
S&P Adds Carbon Index to Its Family of Environmental Indices (03/16)
Index will rely on research provided by Trucost to determine large cap US constituents of the S&P 500 with the lowest carbon footprints.
EPA Proposes Mandated National Reporting of Greenhouse Gas Emissions (03/13)
The proposed rule, which would mandate annual reporting from major emitters of carbon dioxide and other greenhouse gases, could lead to mandatory limits on emissions.
Corporations Look to Copenhagen for Help in Addressing Climate Change (03/12)
Report by the Economist Intelligence Unit finds gains in corporate energy efficiency, but little action on the broader impact of climate change.
Goal of New Index Series Is to Advance Gender Equality (03/11)
Pax World and KLD launch an index series sponsored by the International Finance Corporation to increase gender empowerment.
Investors Want More Disclosure of Climate Risk Data from Corporations (03/10)
CDP survey of signatory investors finds that integration of climate risk considerations into investment decisions is growing.
Investors Call on Auto Industry to Improve Disclosure on Emissions (03/09)
The risks and opportunities for carbon reduction strategies for the automobile industry are considerable and warrant particular attention from investors.
PRI Encourages Investors to Take More Active Ownership Role (03/06)
Principles for Responsible Investment publishes eight-point plan to help institutional investors avoid the pitfalls that contributed to current economic crisis.
Global Water Resources Threatened by Climate Change and Population Growth (03/05)
Report finds that business is failing to address impact of water scarcity on its operations, and provides investors with questions pertaining to water risks to ask of their portfolio companies.
Role of Corporate Boards in Sustainability Issues Is Growing (03/04)
Survey of board directors finds that as shareowner resolutions increase, more boards of directors are addressing the risks and opportunities of sustainability issues.
Solar Expected to Maintain its Status as the World's Fastest-Growing Energy Technology (03/03)
Decreases in cost of installation and favorable regulatory environment should protect the continued growth of solar in the US from effects of the economic crisis.
Climate Change Lobbyists Pour into Washington on Behalf of Special Interests (03/02)
An investigation by the Center for Public Integrity finds an estimated 2,340 lobbyists seeking to influence climate change policy, a 300% increase over five years.
Report Finds that Shipping Companies Face Financial Risks Due to Pollution Costs (02/27)
Eurosif and Trucost find that investors in shipping companies are exposed to profit risks as regulatory agencies are expected to internalize environmental and health-related costs.
Economic Stimulus Is Expected to Spur Investment in Renewable Energy (02/26)
The renewable energy industry and sustainable investors believe stimulus will provide significant investment in green energy infrastructure. Second in a two-part series.
NRG Energy Enters Solar Field with Investment in Solar Power Plants (02/25)
Investment by NRG will help eSolar build three solar power plants using concentrating solar power technology.
New Guidelines to Help Investors Measure Success of Microfinance Institutions (02/24)
Grameen Foundation employs data from its Progress out of Poverty Index to develop checklist of questions for investors to ask about the social benefits of microfinance.
SRI Fund is Category King for January 2009 (02/23)
Eventide's Gilead Fund is designated top multi-cap growth fund by Wall Street Journal
Riskmetrics to Acquire Innovest (02/20)
RiskMetrics cites expansion of research on environmental, social, and strategic governance issues as major reason for purchase.
Economic Stimulus Package Will Help Revitalize Community Investment (02/19)
Community Development Financial Institutions gain $100 million in new financing with which to support small business and affordable housing. First in a two-part series.
Consumer Demand for Green Products is Still Rising, Survey Finds (02/18)
Survey by Boston Consulting Group of 9,000 consumers worldwide indicates that buying green products remains a priority despite economic downturn.
Book Review: The Sustainable Enterprise Report Volume 2 (02/17)
Second edition of report offers evidence that the economic downturn provides an opportunity to establish economic, social, and environmental considerations for competitive advantage.
Sustainable Corporations Outperform During Economic Crisis (02/16)
Study finds that companies with commitment to sustainability have outperformed others by an average of $650 million in market capitalization.
Who Controls the Internet? (02/12)
Shareowner proposals challenge Internet Service Providers for greater transparency in decisions on freedom of expression and privacy.
New Climate Risk Profiles Assess Corporate Greenhouse Gas Emissions (02/10)
ICCR and Trucost collaborate to provide credible assessments for investors to use in the reduction of climate risk in their portfolios.
First US-Traded Investment Product Seeks to Capitalize on Growing Carbon Trading Market (02/09)
AirShares Fund aligns returns with European Union Allowances for carbon emissions, which account for the majority of the world's emissions trading.
UN Global Compact Calls on Corporations to Address Climate Change (02/06)
Marking the tenth anniversary of its formation, the initiative focuses its corporate sustainability efforts on collaboration for a low-carbon economy.
Report on Climate Risks Targets Largest Consumer and Technology Companies (02/05)
Fourth report from Ceres and RiskMetrics finds some progress in addressing the business challenges of climate change, but too many companies still ignoring the issue.
Who Cares Wins Initiative Issues Final Report (02/04)
Final report in a five-year series documents improvements in integration of ESG issues by corporations and investors, but sees much work yet to be done.
2009 List of Global 100 Most Sustainable Corporations in the World Unveiled at Davos (02/02)
Corporate Knights and Innovest publish fifth annual list of companies best equipped to manage ESG risks and opportunities.
US Investors Optimistic About Green Investment (01/30)
Online survey of individual investors finds that most expect policies of the Obama administration to encourage investment in environmental technology.
Intel Agrees to Shareowner Vote on Executive Compensation (01/29)
Endorsement adds another corporation to a growing number opting for engagement in a year when issue commands public attention.
Voluntary Purchases of Renewable Energy by Businesses Reach Record Levels in 2008 (01/28)
Intel and PepsiCo lead corporate efforts in voluntary market for renewable energy certified by Green-e.
Investors Embrace Community Development Loan Funds to Invest Safely While Earning Interest (01/27)
As interest in community investing grows, CDLFs are proven vehicles for investment in affordable housing and other projects.
HP Is Latest Corporation to Accept Shareowner Votes on Executive Compensation (01/26)
As pressure on companies to adopt say-on-pay resolutions increases, investors count on Congressional support for mandatory Advisory Votes.
Center for Sustainable Innovation Develops Tool for Measuring Sustainable Water Use (01/23)
Corporate Water Gauge allows organizations to place water use in a local context for sustainability reporting.
Teamsters Proposal to Limit SunTrust Executive Pay excluded by SEC (01/22)
Shareowner advocates criticize Commission for inconsistent decisions and drift away from mission to protect investors.
Health Care Reform Takes Center Stage for 2009 Proxy Season (01/20)
Shareowner advocates at ICCR and other faith-based organizations detail progress in engaging corporations on the adoption of health care reform principles.
Auto Executives Commit to Green Technologies to Lead Industry Back to Profitability (01/19)
Annual KPMG survey finds increased interest among auto executives in alternative fuel technologies, with a newfound focus on electric cars.
Ethisphere Publishes List of 100 Most Influential People in Business Ethics for 2008 (01/16)
Honorees include several members of the social investment community.
Investors Request High-Quality Communications on Progress (01/13)
Letter to companies that have joined the United Nations Global Compact praise the reporting of some while identifying as laggards those that have not submitted COPs.
New Climate Risk Profiles Assess Corporate Greenhouse Gas Emissions (01/10)
ICCR and Trucost collaborate to provide credible assessments for investors to use in the reduction of climate risk in their portfolios.
Wind Industry Lists Accomplishments for 2008 (01/08)
Despite the economic crisis, the American Wind Energy Association reports industry growth in 2008 and anticipates favorable climate for further growth.
Dynegy Abandons Plans to Build Five New Coal Power Plants (01/06)
Houston-based energy company has been target of Sierra Club campaign and criticism for exposing shareowners to risk.
Wells Fargo Exceeds Environmental Financing Goals (12/30)
Bank's progress report details $3 billion in financing for green business opportunities over a three-year period.
Report Warns of Unsustainable Consumption (12/24)
WBCSD report finds consumers willing to embrace sustainable lifestyle, but need access to products and services to do so.
Investors Ask Obama to Improve Corporate Financial Disclosure (12/23)
President-Elect is asked to return SEC to original mission of protecting investors and strengthening shareowner rights.
New Mutual Fund will be First in US to Track Dow Jones Sustainability Index (12/22)
Dreyfus Fund will include companies listed on Dow Jones Sustainability World Index.
Co-op America Names Top Corporate Scrooges (12/19)
CEOs named to the list represent a range of business sectors and a diversity of social and environmental malfeasances.
Calvert Announces Launch of Three New Funds (12/17)
Offerings follow consolidation with Summit Mutual Funds and include a large cap fund employing a new investment strategy.
Investors Call on World's Largest Companies to Join Water Sustainability Effort (12/16)
Alliance with assets of $1.5 trillion under management contributes to effort by the UN Global Compact to expand membership in the CEO Water Mandate.
Book Review: Sustainable Investing: The Art of Long Term Performance (12/12)
Editors Cary Krosinsky and Nick Robins new book compiles eighteen new essays that argue sustainable investing is the key to positive long-term performance and the health of the planet.
US-based Verite Helps Build Coalitions to Improve Working Conditions in China (12/10)
The organization's report details relationships with academics and civil society organizations to ensure fair labor practices in centers of manufacturing for export.
Report Details Risks and Opportunities Facing Water-Dependent Industries (12/09)
Eurosif water report finds that increasing water scarcity results in critical issues for many businesses and offers potential solutions to alleviate crisis.
New Global Database Will Extend ESG Investment Research (12/08)
The UN's Principles for Responsible Investment plans to create a tool to help asset managers and investors incorporate ESG issues into long-term investments.
Shareowner Advocates Find Hope Despite Troubled Economic Times (12/05)
SRI community looks beyond traditional methods of corporate engagement to realize opportunities presented by the financial crisis and a new administration.
Principles for Climate Change Developed for Financial Sector (12/04)
Major financial institutions join with The Climate Group to promote principles of business for a low-carbon economy.
Consumers Remain Loyal to Brands that Champion Social Purpose (12/03)
Study finds that even during a financial crisis, consumers are willing to pay more for brands that support social causes they believe in.
Report Finds that Information Technology and Communications Sector can Help Reduce Climate Change (12/02)
Study of information and communication technology concludes that ICT can be utilized to reduce carbon emissions across all sectors of global economy.
Business Can Take Leading Role in Alleviating Poverty (11/26)
Report by WBCSD notes increasing reliance on business as a partner with government and NGOs in sustainable development in developing countries.
2008 Accountability Rating Finds More Companies Willing to Address Social and Environmental Challenges (11/24)
Annual measure of corporate accountability finds telecoms developing effective CSR vision, while oil & gas sector suffers due to operational performance.
Shareowners Prepare for the 2009 Proxy Season (11/21)
SRI leaders reflect on successful shareowner advocacy programs while preparing for increased engagement with corporations in new proxy season.
Ceres Joins Forces with Five Leading US Companies in New Climate Change Coalition (11/20)
Business for Innovative Climate and Energy Policy (BICEP) will advocate for aggressive passage of climate and energy legislation.
New Index Will Track Pure-Play Environmental Companies (11/18)
The Global Environment 60 Index will be available to investors through an exchange-traded fund offered by Claymore Investments.
SRI Funds Post Losses, But Hold Their Own in Relative Performance (11/17)
While not immune from the battering endured by investors of all stripes, many SRI funds have outperformed mainstream funds on a relative basis this year.
Survey Finds That Corporate Responsibility Professionals Greet an Obama Administration with Optimism (11/13)
Conference attendees believe that better corporate responsibility could have lessened severity of fiscal crisis, and expect increased regulation of CR issues.
Report Finds That Most Corporations Fail to Address Risks That Threaten Long-Term Profitability (11/12)
EIRIS report on responsible business practices finds insufficient ESG risk management and inadequate disclosure and advocates PRI involvement for responsible investors.
Report on UK Fund Managers Finds Room for Improvement on ESG Issues (11/11)
FairPensions surveys thirty of the largest asset managers and finds relatively strong performance in governance but insufficient attention to climate change and social issues.
Institutional Investors Call on SEC to Require Climate Change Disclosure (11/05)
Fourteen large institutional investors join in request for improved ESG reporting as goal of SEC's 21st Century Disclosure Initiative.
Corporate Glass Ceiling for Women and Minorities is yet to be Shattered (11/04)
Reports on diversity in the workplace find women and minorities in executive positions remain in short supply, and corporations resistant to sharing data on diversity practices.
Climate Change Report Finds Silver Lining for Investors in Renewable Energy (10/30)
Deutsche Bank report on Climate Change emphasizes necessity of carbon pricing, while finding in the economic crisis opportunities for investment in clean technologies.
UNEP Launches Green Economy Initiative as Green New Deal (10/29)
United Nations program warns against retreat from sustainability and proposes global economy based on environment and natural infrastructure.
Executive Pay Comes Under Fire from Activist Shareholders for Contributing to Financial Crisis (10/28)
Study of shareholder voting by mutual funds shows SRI funds leading the way to increased shareholder activism on matter of executive compensation.
Studies Rebuff Charges of CRA Complicity in Financial Crisis (10/24)
Attempts by some conservatives to link the Community Reinvestment Act to predatory mortgage lending are shown to be misleading and often false.
Green Stocks Expected to Rebound in Wake of Financial Crisis (10/21)
Green stocks are down with rest of market as investor confidence wanes, but new tax credits and the need to address climate change point to likelihood of strong recovery.
Sustainable Investment Strategies Earn Respect in Aftermath of the Financial Crisis (10/17)
Having sounded warnings for years about the causes of the economic crisis, sustainable and responsible investment may be embraced by more mainstream investors.
Investors Focus on Presidential Candidates' Differences on Future of US Energy Consumption (10/14)
While both candidates pay homage to energy independence and renewable resources, major differences emerge for responsible investors to consider.
Wells Fargo Launches Its First Sustainability Fund (10/11)
New mutual fund from Wells Fargo invests in large cap companies that meet SRI screening criteria.
Investor Initiatives Join Forces to Call for ESG Considerations in Investment Research (10/10)
UN-backed Principles for Responsible Investment and Enhanced Analytics Initiative have more than $15 trillion in assets and a shared commitment to better research.
Calvert Adds Global Water Fund to Series of SRI Portfolios (10/09)
Anticipating need for $1 trillion investments annually, sustainable investors see water as key opportunity globally.
Carbon Disclosure Project Publishes Sixth in Annual Series Detailing Corporate Emissions (10/08)
Investors network elicits data from corporations globally and finds improved focus on risks and opportunities of climate change.
European SRI Market Reaches $3.7 Trillion in 2007 (10/07)
Eurosif study finds 102% increase in SRI assets since 2005 fueled by increasing relevance of environmental, social and governance issues for institutional investors and high net worth individuals.
SRI Advocates Call for Help Against Foreclosures and Regulation of Wall Street (10/02)
Responsible investors have led the fight against predatory lending for nearly 10 years with both successes and failures. Advocates see opportunity in current crisis to put end to practice. Last of a three-part series.
Sustainable Endowments Institute Releases College Sustainability Report Card (09/29)
Annual survey encourages commitment to sustainability, including investment priorities, shareholder engagement, and endowment transparency by colleges with largest endowments.
Calvert Foundation Receives $10 Million Investment from Merrill Lynch (09/27)
Investment in foundation's Community Investment Note is intended to support women entrepreneurs in developing countries.
Effects of Predatory Lending Lead to Economic Crisis (09/23)
Proposed $700 billion bailout by Treasury Department offers measure of relief to roiling markets while raising questions of fairness. Part I of a three-part series.
FTSE4Good Index Series Updates Component Companies and Eligibility Components (09/18)
FTSE Group added 36 companies and removed 12 in semi-annual update of its leading SRI index.
Dow Jones Sustainability Index Updated (09/17)
Dow Jones Sustainability World Index lists 320 corporate sustainability leaders, up from 312 in 2007.
Investors Take Note of Clean and Sustainable Geothermal Energy Production (09/12)
New technologies such as EGS offer potential for large-scale electricity production and lead to high-visibility investments.
Investors Push Companies For Greater Disclosure on Lawsuits (09/11)
A proposed FASB rule change would require that loss contingencies related litigation be disclosed to investors.
Eurosif Study Finds Increasing Investment in Sustainability by Wealthy Individuals (09/04)
First-ever study addresses sustainable investment by high net worth individuals.
New Sustainable Transportation ETF to be Launched on NASDAQ (09/02)
Index-based ETF to track companies offering green solutions to growth in worldwide transportation.
ESG Criteria Creeping Slowly into Mainstream Investing (08/28)
New report lays out the five hurdles ESG investing has to clear before it can be incorporated on a large scale.
Getting on Board with Corporate Social Responsibility (08/25)
Corporate boards can and should influence their companies' social and environmental performances finds a new report.
The Assurance Industry Grows in League with ESG Reporting (08/21)
With more companies publishing sustainability reports, more third parties are stepping in to validate the information in CSR reports.
Social Platform for Socially Responsible Investors (08/14)
The SRI community has a new way to share information about what companies are or aren't doing on social, environmental, and governance issues.
Investing to Empower Homeowners (07/30)
The Calvert Foundation partners with Habitat for Humanity to offer investors a vehicle to drive homeownership while also receiving a financial return.
Sunshine is the Best Disinfectant: Shareholder Activists Promote Corporate Transparency (07/23)
SocialFunds writer Bill Baue speaks with Sanford Lewis of the Investor Environmental Health Network on his shareholder activism promoting corporate disclosure
The Very Rich Green Their Portfolios (07/16)
With European and Middle Eastern investors leading the way, high-net-worth investors are putting their money into green technologies and alternative energy sources.
Green Fast Food: Really Here or a Green Dream? (07/11)
The fast food industry is seeing a growing demand for environmental sustainability. How can investors, consumers, and other stakeholders know which restaurants are truly embracing sustainable development and which are only greenwashing their practices?
Cleantech Index Goes Global (07/09)
Cleantech rebalances its Index to include worldwide clean tech companies.
Renewable Energy Wows World Investors (07/08)
The United Nations Environmental Program reports a new record in sustainable energy investments in 2007 with more than $148 billion invested globally.
Mainstream Fund Managers Vary Widely on Social Responsibility (07/01)
Even as more fund managers accept the impact of environmental, social, and corporate governance issues on performance, the application of responsible investment practices is hit or miss with most mainstream firms.
Bob Monks: ExxonMobil Exemplifies Corpocracy (06/30)
SocialFunds writers Bill Baue and Francesca Rheannon interview corporate governance advocate Bob Monks about his shareholder activism at ExxonMobil and his new book, Corpocracy.
Shelley Alpern on How Tar Sands Perpetuate Petro-Addiction (06/26)
SocialFunds writer Bill Baue speaks with Shelley Alpern of Trillium Asset Management about its shareholder activism on oil company exploitation of tar sands.
The Sunny Side of the Street: Investing in Solar (06/23)
More investors are seeing the benefits of buying solar stocks, whether to diversify portfolios or to champion an energy movement.
Principled Companies Praised (06/16)
Ethisphere Magazine publishes its second annual list of the World's Most Ethical Companies.
Investors Support UN Business and Human Rights Mandate (06/11)
Coalition of socially responsible investors sends a letter to the United Nations Human Rights Council supporting businesses' responsibility for human rights.
Executive Pay Weighs Heavy with Shareholders (06/04)
With more than 90 "say on pay" resolutions this year, shareholders continue to push for advisory votes on executive compensation.
Michael Conroy on Activist Campaigns and the Certification Revolution (06/02)
SocialFunds writer Bill Baue speaks with Michael Conroy about his new book, Branded! How the “Certification Revolution” is Transforming Global Companies
Large UK Companies Put Their Best Foot Forward (05/28)
New study of the FTSE 100 finds most companies, but not all, are improving their performance on environmental, social and governance issues.
Executive Compensation Consultants: The Next Battlefield for Say on Pay (05/23)
Investors ask the SEC to mandate disclosure of a company's use of executive compensation consultants and if the consultants are used in other areas of the business as well.
Will 2008 Be the Year Congress Acts on Climate Change? (05/21)
Institutional investors send a message to Congress that action on climate change policy is a business imperative.
Disney and McDonald's Take Steps to Protect Global Labor (05/13)
In partnership with prominent stakeholders, the two companies strive to improve working conditions in factories overseas while new data shows an uptick in companies monitoring suppliers' labor practices.
Proxy Voting Made Painless (05/07)
A new website helps individual investors better understand proxy voting.
Tracking Suppliers' Carbon Footprints (05/01)
The Carbon Disclosure Project reports on the carbon emissions of some of the world's largest corporations' supply chains.
Climate Change Resolutions Picking Up Heat (04/18)
A new report from Ceres shows mutual funds are starting to move away from voting against climate change resolutions, to not voting on them at all.
Ford Establishes Greenhouse Gas Reduction Plan (04/15)
Shareholders withdraw resolutions at Ford after the carmaker agrees to release its plans on how it will decrease greenhouse gas emissions.
Transparent Supply Chain Sends A Clear Message (04/10)
Hewlett-Packard recently released a list of its largest suppliers in hopes of increasing accountability from factory floors to consumers' front doors.
New Fund Invests in Tomorrow's Green Stars (04/09)
ThinkCapital launches a green growth fund that focuses on sustainable companies.
Do Your Proxy Votes Really Count? (04/03)
A new report examines how boards of directors respond to shareholder concerns by adopting or ignoring non-binding shareholder proposals.
Three New SRI Funds from Pax World (04/02)
Sustainable investing pioneer Pax World adds Global Green, International, and Small Cap Funds to its SRI family of funds.
Are Alcohol Screens Outdated? (03/27)
Social investors have used exclusionary alcohol screens for decades. Is it time to reconsider this strategy?
ICCR Defines the Past, Present, and Future of Shareowner Activism (03/25)
Interfaith Center on Corporate Responsibility Executive Director Laura Berry speaks with SocialFunds.com about transformative changes in shareowner activism.
New Coal Plants: At What Cost? (03/20)
Uncertainties abound around the 100-plus proposed US coal-burning power plants contends a report from the Interfaith Center on Corporate Responsibility.
New Energy Technologies Entice Investors (03/18)
A report from Clean Edge looks at developments in the clean energy markets and forecasts clean energy sectors will continue their rapid rate of expansion.
B Corporations: Verified Sustainability (03/13)
B Labs takes the guesswork out of which companies are actually working for the future.
EarthFolio Screens the Big SRI Picture (03/11)
New investment site offers fully managed SRI portfolios for every type of investor, from timid to tenacious.
SRI Assets Surge Ahead (03/06)
New socially responsible investing study reports one dollar out of every nine dollars under professional management is invested responsibly.
Shareholder Activists Try New Tactic in Divestment Campaign (03/05)
Activists are bringing resolutions to shareholder meetings of mutual funds in a bid to widen pressure on companies doing business with the Sudanese government.
Measuring Companies with a Ruler of Responsibility (03/02)
With 21 return businesses from the 2007 list, CRO's 100 Best Corporate Citizens 2008 ranks large-cap companies' corporate responsibility.
Fighting Climate Change, State by State (02/27)
A core group of state treasurers and controllers are moving their investments into environmentally friendly and clean tech funds, while thinking big about climate change.
Institutional Investors Plan Long-term for Climate Change (02/20)
Summit at the UN unveils an action plan for addressing climate change risks and opportunities.
Foundations Move Toward Mission Related Investing, One Foundation at a Time (02/15)
Climate change issues may push foundations to examine their portfolios and proxy voting policies.
Three Major Banks Sign The Carbon Principles (02/13)
With the help of environmental groups and power companies, Citi, JPMorgan Chase and Morgan Stanley outline carbon risk management for banks.
Making a Real Difference with Real Estate (02/07)
The Responsible Property Investment movement gathers momentum with the help of the Responsible Property Investment Center and the backing of UNEP FI.
Yearbook Presents Sustainability Trends and Leaders (02/05)
SAM and PricewaterhouseCoopers offer insights into the sustainability efforts of cutting-edge companies.
Joel Makower on the GreenBiz.com State of Green Business 2008 Report (02/01)
GreenBiz founder talks about the inaugural report, which surveys the top 10 green business stories of 2007 and introduces the GreenBiz Index.
Growing Interest In Green Investing (01/31)
New research shows that individual investors think the environment is hot, with solar energy an important investment opportunity.
New Survey Uncovers Discrepancies on Corporate Citizenship Issues (01/29)
There is gap between what executives say on corporate citizenship and what their corporations actually do, finds a survey of over 750 executives.
New Index Contains Companies that Support Stewardship (01/24)
Index leader launches first index series based on the Dharmic religions.
Supreme Court Rules on Naming Secondary Actors in Fraud Cases (01/22)
In a ruling last week, the Supreme Court laid out what businesses can be held liable under current securities fraud laws.
Social Investment Options on the Rise (01/17)
A flurry of new socially responsible mutual funds and products makes it easier then ever to invest in a double bottom line.
Are Banks Getting Caught With Their Umbrellas Down? (01/14)
A new report from the RiskMetrics Group ranks 40 of the world's largest banks responses to climate change risks and possibilities.
Microfinance: Catch the Swelling SRI Wave (01/11)
The microfinance sector offers socially responsible investors a growing arena to create positive social and financial growth according to a new Deutche Bank study.
Top Five Socially Responsible Investing News Stories of 2007 (01/08)
New alternative energy and green funds fuel expansion of socially responsible investing; climate change is pushed to the forefront; community development organizations flourish despite the subprime mortgage debacle; consumers demand healthy products and work environments; and SEC limits shareholder rights.
Exposed: The Toxic Chemistry of Everyday Products (01/07)
The United States is no longer setting the agenda for manufacturers’ standards and American consumers are paying the price with their health.
Whistling Past the Graveyard—Socially Responsible Investing and the Financial Crisis (12/31)
SRI thought leaders analyze the potential impacts of the widespread economic downturn caused by the subprime meltdown and deflating dollar.
Screening for Satisfaction (12/26)
The 2007 Moskowitz Prize for Socially Responsible Investing was awarded to a study that shows higher employee satisfaction has historically correlated to higher stock prices.
Buying and Selling Loans for the Good of Communities (12/19)
The Community Reinvestment Fund USA offers investors a way to help keep capital flowing into community development organizations.
Socially Responsible Investing Branches Out Over Asset Classes (12/17)
A handbook published by Boston College's Institute for Responsible Investment outlines how managers can diversify socially responsible investments.
Burning Bunker Fuel: The Shipping Industry's Dirty, Not-So-Secret Shame (12/13)
Friends of the Earth is extremely concerned about the greenhouse gases and other pollutants ships spew into the atmosphere. The UN agency working on the issue stands behind the shipping industry's efforts to comply with international protocols.
SEC Sacrifices Shareholder Rights to Achieve Temporary Certainty (12/11)
Instead of reaffirming shareholder rights to file resolutions to nominate directors, the SEC cites uncertainty as a rationale for stripping these rights.
Giving the Gift of Gore? Video Game Buyers Beware (12/06)
ICCR works to educate video game buyers on video games ratings and works with retailers to keep mature and violent video games out of children's hands.
Equalizing the Economic Playing and Farming Fields (12/05)
Equity Trust invests in farms, non-profits and communities, helping people take charge of their economic futures.
Jolly Green Giant: Google Gives the Green Light to Alternative Energy (12/04)
Google promises millions of dollars to create inexpensive renewable energy.
Sustainability Issues All Over the Map at Large Cap Companies (11/30)
An extensive study from RiskMetrics shows sustainability governance among companies varies widely from country to country, and from sector to sector.
Environmental, Social and Governance Standards: Glass Half-Empty or Half-Full? (11/28)
The spread of voluntary and mandatory ESG disclosure and performance standards for business raises the question, how robust is implementation and enforcement?
Consumers Demand Companies Walk Their Green Talk (11/20)
The growing number of consumers who identify themselves as "conscious" creates more opportunities for sustainable companies.
Wal-Mart's First Sustainability Report: Just a Gesture or a Just Account? (11/19)
Many call the biggest retailer's sustainability report a good first step on a long road.
Launch of Five Climate Change Funds May Enrich Investors, But Won't Save the World (11/15)
Deutsche Bank, F&C, HSBC, Schroders, and Virgin Money launch climate funds, a trend that validates the role of finance in addressing--though not solving--global warming.
Making Toys is Not Child's Play (11/14)
A group of shareholders have come together to demand safer working conditions for workers along the toy supply chain.
Growing Up Green: Winslow Offers New Mid-Cap Green Mutual Fund (11/13)
As the green market place expands, Winslow launches a mutual fund to capitalize on middle-sized growth companies that offer green solutions.
CEOs Add ESG Issues to Business Blueprints (11/08)
A report from McKinsey & Company finds that more CEOs are including environmental, social, and governance issues in core strategies.
Green Financial Products Take Root in North America (11/01)
A new report commissioned by UNEP FI lists green financial services and products as it makes the case for green banking's environmental, social, and economic benefits.
Are Colleges Only Green Skin Deep? (10/31)
The Sustainability Report Card 2008 examines colleges and universities dedication to sustainability, on campuses and in endowment portfolios.
Connecting the Dots Between Climate Change, Companies, and Financial Performance (10/30)
Laying the groundwork for new investment products, Innovest releases the first study relating how companies manage climate change risk to their financial performance.
Corporate Operations in Burma Fuel Human Rights Abuses, Say Shareowner Activists (10/26)
Shareowner letters to Chevron and Total criticize the piping of revenues to the Burmese regime, while the Norwegian Pension Fund defends its decision not to divest from Total.
Engaged Employees Equal Increased Earnings (10/25)
A recent study by Towers Perrin shows employee engagement and financial performance are intertwined and outlines how companies can help employees become engaged.
Risking the Weather: The Insurance Sector Faces Climate Change (10/24)
A new report sponsored by Ceres and written by Evan Mills, one of the recipients of the 2007 Nobel Peace Prize with Al Gore, highlights new products offered by the insurance sector in response to the changing climate.
Green Angels: Venture and Private Equity Capitalists Help Sprout a New Generation of Environmentally Friendly Companies (10/17)
Private investors and high-net worth individuals are making a difference--in hopes of making a profit--by actively recruiting start-up and middle-sized companies dedicated to the environment and society.
Emissions Trading Commodifies Carbon, But Does It Really Help Solve Climate Change? (10/15)
Proponents of carbon trading see markets as the best mechanism for reducing emissions, while critics characterize carbon trading as a devil's bargain that steers profits to polluters.
"Living" Companies Perform Better (10/12)
Corporations that care about people more than things are more sustainable and profitable, puts forth author and financial counselor Jay Bragdon.
Working for the Earth: Green Companies and Green Jobs Attract Employees (10/09)
New research shows that employees want to work at green companies and are happiest at companies with solid corporate social responsibility programs in place.
Ardour Global Index Offers Unique Alternative Energy Universe (09/27)
Ardour Global Index adds new companies in quarterly rebalancing, including US manufacturer Beacon Power.
Contracting Human Rights? Ruggie Teams with IFC on Study (09/26)
Empirical research conducted by John Ruggie and the International Finance Corporation examines if foreign investment contract clauses enable human rights violations.
Companies, Carbon and Climate Change: The Carbon Disclosure Project Issues its 5th Global Corporate Climate Change Report (09/24)
More companies are moving from simple carbon awareness to carbon action, but further work still needs to be done.
Big Bosses Embrace Corporate Responsibility (09/21)
A new survey of executives finds many companies are increasing their spending on environmental, social, and governance issues, in spite of a decline in business confidence.
Canada is Coming Clean: First Canadian Global Clean Energy Fund Launched (09/19)
Criterion Investments has announced its Global Energy Fund, reflecting a growing enthusiasm for clean energy by investors, companies and governments.
Where in the World is Corporate Responsibility? (09/15)
EIRIS' new report "The State of Responsible Business" details growing corporate responsibility in businesses worldwide.
Excessive CEO Compensation Hurting US Companies and Society (09/14)
A new report claims that excessive executive compensation in the US is taking a staggering economic and social toll on American society, threatening leadership in the business, government, and nonprofit sectors and creating instability in the economy.
The Subprime Meltdown and SRI: Engage, Avoid, Predict (09/12)
Shareowner activists engaged banks on predatory lending long before the subprime crisis climaxed, and SRI research predicted the meltdown in time to avoid some impacts.
17th and Jackson: Community Development in Action, Turning a Vacant Lot into Affordable Housing and More (09/07)
Non-traditional financing, including an investment by Enterprise Community Investment, funds a green multi-use building in Seattle's Central Area Neighborhood.
Shareholder Activists Turn Up Heat on the SEC (09/06)
The Social Investment Forum and the Interfaith Center on Corporate Responsibility launch a website as part of a campaign to garner support against SEC's proposals limiting shareholder rights.
Leave Only Footprints: Measuring and Managing Corporate Carbon Emissions (09/04)
Corporate carbon footprinting is on the rise, but so too is the number of footprint methodologies, challenging companies and investors to discern the best options. Part two of a two-part article.
Green Outsourcing: Companies Demanding More Environmentally Sound Suppliers (08/30)
Brown-Wilson Group's newest "Black Book of Outsourcing" reports that businesses are including more environmental factors when choosing suppliers.
Fiddling While The Planet Burns: Mainstream Investment Funds Blinkered To Climate Risk (08/25)
Part one of a two-part article looks at the lack of climate risk calculations by UK fund managers. Part two will examine some new tools for assessing climate risks to investments.
Book Review-World Inc: How the Growing Power of Business is Revolutionizing Profits, People and the Future of Both (08/21)
Author Bruce Piasecki argues that better products will help make a better world as companies face the "S" frontier.
To Avoid Risk of Alien Tort Claims Act Cases, Companies Must Improve Human Rights (08/17)
The first-ever corporate ATCA verdict of not guilty does not diminish the ongoing liabilities companies face in US courts for human rights violations committed overseas.
A Win for Generic Drugs: Indian Court Rules Against Drug Maker Novartis (08/15)
In a test case for drug patents in developing nations, Novartis loses an attempt to challenge an Indian patent provision.
Jitters About Regulatory Outlook Rile Confidence in Coal Mining Stocks (08/12)
Growing political momentum for enacting state and national laws to reduce CO2 emissions is raising worries among investors of the long term viability of the coal industry.
Proxy Advisors Come Out Clean (08/10)
A report from the Government Accountability Office finds that the largest proxy advisor ISS and other advisor firms disclose potential conflicts of interest.
Book Review-A Billion Bootstraps: Microcredit, Barefoot Banking and the Business Solution for Ending Poverty (08/03)
Phil Smith and Eric Thurman offer a primer on microcredit for businesspeople who want the best bang for their charitable bucks.
Many Sustainability Reports Upbeat, Ignoring Climate Change Risks (08/02)
A new study from GRI and KPMG on sustainability reports notes that companies highlight new business opportunities created by climate change and shy away from risks associated with climate change.
SEC Chair Cox Votes For Two Opposing Proxy Access Proposals--Both May Curtail Shareowner Rights (08/01)
Republican commissioners support a proposal barring shareowners from nominating directors; Democrats support one allowing it, though it introduced other reductions in shareowner power.
Executives and the Environment: Looking Back at Proxy Season 2007 (07/27)
With the 2007 proxy season over, shareholders saw a jump in the number of socially responsible proposals, with support growing for climate change proposals and accountability for executive pay.
Twenty Diverse Companies Make the Sustainability Cut (07/26)
With some help from KLD, SustainableBusiness.com releases their 6th annual Sustainable Business 20 List: The World's Top Sustainable Stocks.
BSR Proposes Going Beyond Monitoring to Achieve Truly Sustainable Supply Chains (07/24)
The new report from Business for Social Responsibility posits a four-pronged vision for shifting supply chain management from a surveillance model to a comprehensive, proactive solution.
One and Two Percent Allocations Add Up for Social and Community Development (07/18)
TIAA-CREF allocates 2% of its Social Choice account for proactive social investments and the Social Investment Forum and Co-op America's 1% or More for Community campaign aims to double the amount invested in community development.
Sustainability Picks Up Where Supply and Demand Meet (07/16)
Both investors and companies are working on sustainability issues as new reports by UN PRI and Goldman Sachs show ESG issues are gaining momentum.
Book Review--Ethical Markets: Growing the Green Economy (07/13)
Author Hazel Henderson's exhaustive survey of the sustainable business landscape serves as a perfect primer on green economics and tracks lesser-known trends and developments.
Wachovia NEXT Awards for Opportunity Finance Honor CDFIs (07/05)
Three heavy-hitters come together to support community development financial institutions with $42.5 million pledged over the next five years in grants and loans.
Seeing Retirement Investment Through Green-colored Glasses (06/30)
A new report shows that Americans have more SRI retirement choices than ever before, but it remains to be seen if people chose to put their savings in socially and environmentally screened funds.
ABN Amro: Honored for its Global Sustainability Work and Called Out for Its Climate Change Finance (06/29)
The Financial Times awards banking goliath ABN Amro its 2007 Sustainable Banking Award while a new report points to the bank's carbon-intensive investments.
Biofuels: Keeping Good Intentions on the Right Path (06/27)
With the biofuels industry growing by leaps and bounds worldwide, controversy is erupting over whether this important new energy source is truly as sustainable as it claims to be.
New Eurosif Reports Identify ESG Challenges in the European Food and Insurance Sectors (06/24)
Eurosif's raises awareness of social and environmental issues across European companies in a series of sector-by-sector reports, the two newest covering the insurance and food production sectors.
Forget Fossil Fuels, Calvert Now Offers Global Alternative Energy Fund (06/20)
Calvert releases a survey of US investors on climate change and expands its family of funds with an alternative energy fund.
One and Two Percent Allocations Add Up for Social and Community Development (06/18)
TIAA-CREF allocates 2% of its Social Choice account for proactive social investments while the Social Investment Forum and Co-op America's 1% or More for Community campaign aims to double the amount invested in community development.
MMA Now Offers Small Cap and Growth Index Funds (06/16)
Leading faith-based investment company MMA Praxis Mutual grows its offerings with two new screened funds.
SustainAbility Predicts How Sustainable Development Will Play Out Over Next Two Decades (06/15)
Part two of this two-part article looks at a recent report from SustainAbility that projects four scenarios of potential developments in sustainability over the next 20 years.
Shareholders Push Social and Environmental Issues to the Forefront (06/13)
Proxy season 2007 sees a huge number of social and environmental resolutions at US companies with the growing support of voters.
Brundtland Report Celebrates 20th Anniversary Since Coining Sustainable Development (06/11)
Part one of this two-part article examines how the Brundtland Report has promoted sustainable development over the past two decades.
Gabelli Launches New Value-Oriented SRI Fund (06/08)
Gabelli Funds offers its first open SRI Fund, backed up by years of SRI experience working with institutional investors.
Calvert's New Growth Fund Has Global Focus (06/06)
American SRI pioneer Calvert launches the Calvert International Opportunities Fund, a small and mid-cap fund with UK-based F&C Management as sub-advisor.
Principles For Responsible Investment Quadruples Assets in First Year (06/01)
The United Nations sponsored Principles for Responsible Investment is only one year old, but have already reached $8 trillion plus in assets and expect to keeping on growing.
Nanotechnology: The Smallest Green Revolution? (05/25)
A new report from the Project on Emerging Nanotechnologies touts "green" nanotechnology, and calls for Federal oversight.
Innovative Fund Looks to Johnny Appleseed for Inspiration (05/24)
The Appleseed Fund offers social investors a fresh venue for investing in undervalued companies selected for their social and environmental records.
Fidelity Divests Large Chunk of Sudan-Related Holdings (05/22)
Despite similar pressure from Sudan divestment activists, Warren Buffett and Berkshire Hathaway retain holdings in PetroChina, which is linked to genocide in Darfur.
Proven Community Investment Fund Now Open to All (05/18)
Access Capital Strategies changes the structure of its Community Investing Fund to allow individuals and small institutions to invest in the Fund.
Banking on the Future: The Two Biggest US Banks To Dedicate Billions to Halting Climate Change (05/16)
Citigroup and Bank of America have pledged billions of dollars to help fight climate change while a new report questions Chinese banks' environmental policies.
Opening Up Pandora's Box: SEC Proxy Roundtable Questions Role of Non-Binding Resolutions (05/15)
SEC officers and panelists discuss the possibility of removing non-binding resolutions from the proxy and replacing them with online communications between shareowners and companies.
Risky Business: The Outlook for Investing in Nuclear Power (05/10)
A new report scrutinizes the nuclear industry from an investor's perspective and finds a rotting fantasy of cheap energy and huge returns.
Going In and Out the Windows: Weaving a Web of Political Accountability (05/09)
The Center for Political Accountability's new report "Open Windows" calls on companies for greater transparency and accountability in political giving and outlines a model of political accountability.
Book Review: Deep Economy: The Wealth Of Communities And The Durable Future (05/07)
Author Bill McKibben's latest book helps lay the groundwork to create a more livable and viable world in which less is actually better.
Grading Sustainability Reports: Creating the Curve (05/04)
As more and more companies publish sustainability reports, awards and studies of these reports help raise reporting standards.
Shareholders One Step Closer to Having a "Say on Pay" (05/03)
The US House of Representatives votes to give shareholders an advisory non-binding vote on executive compensation.
Yes and No: Newmont Recommends Voting For One Resolution, Petitions SEC to Omit Another (05/02)
The actions span the gamut of corporate responses to shareowner resolutions on environmental, social, and governance issues, from wholehearted support to forceful opposition.
Over the Hedge: New Green Hedge Fund of Funds (04/27)
Kenmar plans to launch socially responsible hedge fund of funds for institutional investors.
Shareholders Work to Make AIDS Drugs Available Worldwide (04/26)
Abbott Labs changes its tune and lowers price of AIDS fighting drugs in low-and-middle income countries.
Corporate Social Responsibility: Perfect Playing Field for Tipping Points and Cognitive Frames (04/25)
The Lifeworth review of CSR developments in 2006 fuses two popular concepts on social beliefs and change to promote personal, corporate, and societal transformation.
Surveillance, Schmurveillance? (04/20)
Wal-Mart's apparent research and surveillance activities geared toward shareholders raises troubling, but perhaps fleeting questions about trust.
If You Tag It, It Will Be Used: Sustainability Reporting in XBRL (04/16)
Weeks after the latest SEC roundtable on interactive data, the Global Reporting Initiative releases a draft taxonomy of XBRL tags mapped to G3 Sustainability Reporting Guidelines.
Water, Water, But Not Everywhere (04/12)
The entry of private equity firms and consolidation of utility operations by large conglomerates are poised to change the water industry over the next 20 years.
Spectra Green Fund Offers a Different Shade of Green (04/11)
The Spectra Green Fund, from Fred Alger Management, broadens approach to selecting sustainable and environmentally conscious companies.
Porter and Kramer Framework Melding CSR with Business Strategy Wins Harvard Award (04/10)
The Harvard Business Review grants the 2006 McKinsey Award to an article arguing companies create competitive advantage by integrating social and environmental issues into core strategy.
Subprime Lending Hurts Homeowners (04/05)
The Center for Responsible Lending contends that subprime lending has led to a net loss in homeownership.
Carbon Offsets: Modern-Day Indulgences to Assuage Carbon Guilt or Market Mechanism for Supporting Clean Energy (04/04)
Even as they gain popularity as a climate change solution, carbon offsets have come under considerable criticism for diluting action on global warming--the truth likely resides between these extremes.
The World's Poor: Huge Market or Just a Marketer’s Fantasy? (03/29)
New report from the International Finance Corporation and World Resources Institute measures the market-size of the Earth's people who live in poverty.
Concerned Investors and Businesses Call for Congress to Pass a Carbon-Cap or Wear a Dunce Cap (03/27)
A large group of institutional investors and US companies call on the federal government to pass legislation to fight climate change that includes a demand for mandated cuts in greenhouse gasses.
ABN AMRO Asset Management Launches First Indian SRI Mutual Fund (03/22)
New fund focuses on companies screened by Indian research and ratings company CRISIL.
TIAA-CREF Ups the Ante With New Stance on ESG Issues (03/20)
TIAA-CREF’s new policy statement and proxy voting guidelines address social, environmental and governance issues, moving SRI arguments into the mainstream.
Ruggie Report Says Voluntary Human Rights Initiatives Set Stage for Binding Global Standards (03/19)
While the report finds significant flaws with voluntary collaborations between corporations and civil society, they currently fill the gap created by nation-states failing to protect human rights.
S&P Tracks Sustainability With a New Global Index (03/15)
S&P jumps into the growing pool of sustainability indexes with the launch of its Global Thematic Index Series.
Carrying the Shield for Responsible Investing in Canada (03/14)
Corporate Knights magazine names top Canadian SRI mutual funds and releases survey that finds SRI funds mirror market performance.
Mutual Funds Inch Toward More Conscientious Proxy Voting on Social and Environmental Resolutions (03/14)
Corporate social responsibility resolutions addressing climate change reveal the increasing complexity of assessing proxy voting records.
Chocolate Giant Commits to Responsible Supplier Code (03/08)
The Hershey Company is working to create a supplier code of conduct that goes above and beyond just cocoa suppliers.
New Bond Index Focuses on Climate Change (03/06)
JP Morgan Chase and Innovest introduce the first bond index that addresses climate change risks and possibilities.
Toxic Cosmetics Getting Under the Skin of Concerned Investors (03/01)
Health-conscious investors and consumers are starting to demand cosmetic companies report and ban toxic ingredients.
New Ethical Fund Brings Value-Based Investing to High Street (02/28)
Marks & Spencer Money, a former division of the top English retailer Marks & Spencer, has started offering a new SRI fund called the M & S Ethical Fund, which will be managed by two well-respected SRI mangers.
Citigroup, Lehman Brothers, and UBS Report on Climate Risks and Opportunities for Investing (02/27)
Lehman Brothers and UBS agree climate change represents a market failure for neglecting to price carbon externalizations in valuations, while Citigroup makes specific stock picks.
New Fund for Affordable Housing In Latin America (02/22)
With $100 million pledged from OPIC, the Alsis Latin America Fund supports home construction and local capital markets in Latin America.
Business for Social Responsibility Fuses the Theoretical and Practical to Promote Sustainability (02/20)
SocialFunds.com speaks with Aron Cramer, CEO of Business for Social Responsibility, about past developments in corporate social responsibility and future trajectories of sustainability.
Aflac Shareholders Get Say on Executive Pay (02/20)
Aflac becomes the first major US company to offer shareholders a non-binding vote on executive compensation packages.
Shareholders Ask Companies for Transparency on Corporate Political Giving (02/15)
With 43 companies facing shareholder resolutions on political accountability this proxy season, a handful of companies have already reached agreements with filers on this issue.
Top US Jewelry Retailers Get the Gold for Signing Responsibility Pledge (02/14)
In time for Valentine’s Day, seven out of the top ten US jewelry retailers sign No Dirty Gold’s "Golden Rules" to back responsible gold mining practices.
The Gates Foundation and Mission Related Investing: Room for Alignment? (02/13)
An investigative report into the investment practices of the Gates Foundation has reinvigorated the debate over the obligation of foundations to align their missions with their investments.
Social(k) Catalyzes SRI Retirement Opportunities for Employees (02/09)
Social(k)’s online retirement platform expands companies’ retirement options by offering over 100 SRI funds.
S&P 500 Lags on Climate Disclosure, Electric Utilities Burning Economic Value Into Carbon (02/05)
Two recent reports use findings of the 2006 Carbon Disclosure Project to assess limits of transparency on climate risks and opportunities and drag on value creation at electric utilities.
Proxy Votes on Sexual Orientation Nondiscrimination Draw Strong Support (02/05)
Shareholder resolutions calling for equal rights for all employees at Commercial Metals and Micron highlight growing support for companies to include sexual orientation in their nondiscrimination policies.
Top CEOs Address Climate Change (02/01)
A collaboration between ten major US companies and four environmental organizations calls on the Federal government to quickly enact strong legislation to reduce greenhouse emissions.
"Say on Pay" Highlighted in the Upcoming 2007 Proxy Season (01/30)
Institutional investors band together, asking for the right to weigh in on top executive compensation packages.
Inaugural Report Card Grades College Sustainability on Endowment and Campus Efforts (01/29)
The Sustainable Endowments Institute study finds endowment sustainability lagging campus sustainability policies and initiatives.
Global 100 List Raises the Profile of Sustainability at the World Economic Forum (and Beyond) (01/25)
Competition to make the third annual list of the 100 most sustainable companies--based on ratings by Innovest--continues to spur strong corporate social and environmental performance.
Surveyed Managers Emphasize Socially Responsible Issues (01/24)
EIRIS’ newest survey asserts that both SRI and mainstreams investors view specific environmental, social, and governance factors as important when applied to certain sectors.
From Competition to Cooperation: Companies Collaborate on Social and Environmental Issues (01/19)
Collaborative initiatives bring together companies, investors, and activists to address issues such as online freedom of expression, climate change, and labor rights in the global supply chain.
MicroVest Secures Mutual Fund Investor (01/17)
Meritas Jantzi Social Index Fund Invests with MicroVest
The Problem with Voluntary Corporate Initiatives Is -- Well, They Are Voluntary (01/16)
A Harvard study identifies the voluntary nature of such corporate social and environmental initiatives as their pitfall, limiting the ability to gauge their effectiveness.
Study Links Options Backdating to Corporate Governance Weaknesses (01/12)
Harvard Professor Lucian Bebchuk and colleagues use a new method of identifying CEO and outside director manipulation of stock option timing and assert correlations to governance problems.
New Domini Funds Invest in the World (01/11)
Domini charts new territory with the creation of the Domini PacAsia Social Equity Fund and the Domini EuroPacific Social Equity Fund.
Top Five Socially Responsible Investing News Stories of 2006 (01/05)
Green investing booms, microfinance pioneer wins Nobel Peace Prize, shareowner democracy increases, resolutions receive record votes, and UN launches Principles of Responsible Investment
Launch of Three New Clean Tech Indexes Culminates Banner Year for Green Investing (12/29)
The three Jefferies Global Clean Technology Indexes join the half-dozen green indexes introduced this year.
Costs of Carbon and Coal: Examining Emissions Trading Scheme Impact on Shareowner Value (12/22)
WWF and SAM Group collaborate on a study modeling impacts of rising costs of carbon dioxide emissions on the valuation of German utility RWE, the biggest private carbon emitter in Europe.
Rainforest Action Network Seeks to Stem Flow of Financing to TXU Coal Project (12/20)
Part two of this two-part articles addresses how RAN sent a letter to 54 banks urging them to withhold funding from a TXU plan to build 11 pulverized coal-burning power plants in Texas.
TXU Shareowners File Three Resolutions Questioning Wisdom of Pulverized Coal Plants (12/19)
Part one of this two-part article examines how shareowners are raising environmental and regulatory concerns over the TXU coal expansion plan, as well as environmentally preferable alternatives to coal such as energy efficiency.
Swedish Government Facilitates Corporate Responsibility (12/15)
A SocialFunds.com interview with Elisabeth Dahlin, Ambassador, Head of Global Responsibility, Sweden.
Institutional Investors in France Foresee Continuing Growth of Socially Responsible Investing (12/14)
A Novethic survey tells some of the story behind the numbers documented in the September 2006 Eurosif report on the growth of SRI in Europe.
Retailers Improve on Keeping Violent Video Games Out of the Hands of Children (12/13)
An Interfaith Center on Corporate Responsibility report also identifies several areas where the seven companies examined stand to improve performance--predominantly on disclosure.
Another Clean Energy Exchange Traded Fund to Launch (12/12)
First Trust Advisors is slated to introduce an ETF that tracks the NASDAQ Clean Edge US Liquid Series Index early next year.
Marriott Combats Child Sexual Exploitation (12/11)
Shareowner engagement by Boston Common Asset Management and the First Swedish National Pension Fund prompts Marriott to explicitly address child sex tourism in its human rights policy.
How to Do Sustainble Banking (12/06)
BankTrack, a coalition of nongovernmental organizations promoting social and environmental responsibility in the finance sector, issues a guide to best practices in sustainable banking.
Eight Percent of Fortune 500 Taking EPA Challenge to Double Their Green Energy Use (12/05)
Fortune 500 companies are installing renewable energy generation on-site as well as purchasing green power directly or through renewable energy certificates.
Pharma Companies Need to Keep Improving AIDS Response, Says ICCR and Nigerian Doctor (12/01)
Chukwumuanya Igboekwu of Physicians for Social Justice adds his own critiques to the Interfaith Center on Corporate Responsibility study on pharmaceutical industry shortcomings in addressing AIDS.
The Growth of Green Building Funds (11/30)
A new urban green real estate fund from Revival Fund Management exemplifies a budding trend toward private funds capitalized by accredited investors.
Ecosystem Depletion Presents Businesses with Risks and Opportunities (11/29)
Four prominent environmental and business organizations report on the business risks and opportunities associated with ecosystem crises such as climate change and water scarcity.
Corporate Accountability Improves, Progressing on Stakeholder Engagement But Not Assurance (11/29)
Vodafone, BP, and Shell top the annual Global Accountability Rating by AccountAbility and CSRnetwork, with Home Depot rising 10 percentage points and Chevron falling 20.
New Exchange Traded Fund Tracks Domini 400 Social Index (11/22)
Barclays Global Investors launches the iShares KLD 400 Social Index ETF.
Book Review: Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage (11/20)
The plethora of real-life examples of corporate environmental initiatives is where readers will find value in this book from two authors associated with Yale.
Dear Sir or Madam: Stakeholder Letters Push Corporate Sustainability Improvements (11/16)
Letters remains an important mode for addressing environmental, social, and governance issues, encompassing a broader swath than simply communication between shareowners and companies.
Merrill Lynch and World Resources Institute Issue Second Auto Sector Climate Change Report (11/15)
The report again balances stock picking and investment analysis with in-depth discussion of regulatory and market developments in response to global warming and energy security concerns.
Sustainability Reporting Improving, But Not Necessarily Contributing to True Sustainability (11/13)
The biennial survey of global reporters by SustainAbility assesses disclosure on sustainability performance, but refrains from directly assessing corporate sustainability performance.
Study Finds Corporate Political Donations Increase Share Price, But Ignores Potential Risks (11/10)
The academic paper documents up to six percent annual return increase when companies support more candidates, but it neglects to address rising legal risks of donations being defined as bribes.
Merrill Lynch Uses CDFI Assessment and Ratings System on $93 Million Community Investment (11/08)
While many investors use the CARS ratings as secondary information in their community investment decisions, Merrill Lynch will use it as its primary underwriting tool.
KLD Fills Gap in Socially Responsible Investing by Launching Equity Income Index (11/07)
The KLD Dividend Achievers Social Index, created in partnership with Mergent, provides a new option for passive investment vehicles in this previously underdeveloped asset allocation in SRI.
As Climate Debate Matures, Companies Strategize Solutions and Investors Push for Disclosure (11/03)
Companies are taking tangible actions to minimize risks and seize opportunities related to climate change, while investors promote more robust climate-related disclosure.
Two New ETFs Fight Climate Change: One Bridges Shift to Cleaner Energy, One Pushes Cleantech (11/02)
The PowerShares WilderHill Progressive Energy Portfolio and the PowerShares Cleantech Portfolio offer investors increasing choice for investing in climate change solutions.
Glass Lewis Adds KLD Proxy Voting Guidelines to Proxy Voting Platform (10/31)
The move increases the availability of socially responsible investing proxy voting guidelines, but it remains to be seen if it inspires Glass Lewis to support more SRI resolutions in its own guidelines.
Pax World Drops Zero Tolerance Screens on Alcohol and Gambling (10/26)
SocialFunds.com speaks with Pax World CEO Joe Keefe about changes approved today, including the addition of governance, climate change, and human rights screens.
Winslow Conservation Index Outperforms the S&P 500 and Russell 2000 (10/25)
Winslow Management Company back-tested five-year performance of 15 companies focused on conservation, an oft-overlooked component of the alternative energy equation.
PepsiCo and Coca-Cola Get Cs on Report Card for Ten Percent Recycled Content in Bottles (10/24)
The report, conducted by the As You Sow (AYS) Foundation and the Container Recycling Institute, graded the ten other beverage companies D- and F on recycling.
Votes for Social and Environmental Resolutions Rising, But Proxy Firm Support Still Lagging (10/23)
Over a quarter of social and environmental resolutions topped 15 percent support this proxy season, but proxy advisory firm recommendations supporting such proposals remain low.
(PRODUCT) RED Combats HIV/AIDS by Funneling Portions of Sales to the Global Fund (10/19)
Gap Inc commits half of profits from its RED-branded product line to the Global Fund, exemplifying this new business model for generating sustainable funds for addressing the AIDS pandemic.
Nobel Prize Links Microfinance to Peace (10/17)
The granting of the Nobel Peace Prize to Muhammad Yunus and the Grameen Bank breaks new ground by explicitly linking economic development to peace development.
Blue Funds to Invest in Companies that Support Democrats (10/13)
The two new funds seek to capitalize on research that finds that Democrat-supporting companies significantly outperform Republican-supporting companies.
Global Compact Aligns with GRI and the Practical Side of the Change Agenda (10/12)
In part two of this two-part interview, SocialFunds.com speaks with Georg Kell about new alliances facilitating Communication on Progress reporting as well as broader issues facing the Global Compact.
Global Compact Puts 335 Companies in Deep Freezer Until They Communicate on Progress (10/11)
In part one of this two-part interview, SocialFunds.com speaks with Georg Kell about the de-listing of 335 companies from the Global Compact for failing to issue Communication on Progress reports.
Microfinance Crosses Continental Divide with $100 Million Commitment from TIAA-CREF (10/09)
TIAA-CREF inaugurated its Global Microfinance Investment Program by purchasing from ProCredit Holdings $43 million in private equity shares, a new strategy in microfinance.
Investors Call on S&P 500 Companies to Use New Global Reporting Initiative G3 Guidelines (10/05)
Only 13 percent of the S&P 500 issues GRI reports--those that do see the move as insulating them against the possibility of future mandated disclosure on issues such as climate risk.
FTSE4Good Deletes Nine Companies on Environmental and Supply Chain Labor Standards (10/04)
FTSE4Good criteria promote incremental progress in corporate social responsibility performance, and climate change is the latest topic covered in newly proposed standards.
New Socially Responsible Investing Portfolios Offer Alternatives to SRI Mutual Funds (10/03)
Investment advisors can now offer retail clients separate accounts tracking seven different indexes, and a new index is geared toward high net worth individuals with Catholic values.
Why Aren't We Here Yesterday? A Conversation with Social Investment Forum CEO Lisa Woll (09/28)
SocialFunds.com speaks with Lisa Woll as well as SIF President Tim Smith about the new CEO position and the future direction of SIF and socially responsible investing generally.
BP, John Deere, Goldman Sachs, and Allianz Among Renewable Energy Award Winners (09/27)
The third annual award ceremony, sponsored by Euromoney and Ernst and Young, took place during the Renewable Energy Finance Forum.
Emerging Markets Emerging as Socially Responsible Investing Opportunities (09/26)
A report by the Ethical Investment Research Services examines 50 emerging market companies using various SRI screens, and finds a number of possible plays.
Mainstreaming of SRI Boosts Assets in Europe Over One Trillion Euros (09/25)
The latest report by Eurosif on socially responsible investing in Europe notes the distinction between core SRI, which is steady, and broad SRI, which is fueling the growth.
Pennsylvania Treasurer Keys into Clean Tech Investing and Green Screens (09/21)
Keystone Green Investment Strategy commits state to $40 million in green private investments, $50 million shifted to managers investing in clean tech, and environmental screening.
Canadian Social Investment Organization Recommends Mandating Global Reporting Initiative (09/20)
In a submission to the National Roundtables on Corporate Social Responsibility, SIO advocates for amending the Canada Business Corporations Act to mandate annual GRI reporting.
Carbon Disclosure Project Finds Tipping Point in Awareness But Not Action on Climate Risks (09/19)
CDP4 reveals almost three quarters of FT500 tracking their greenhouse gas emissions, but less than half of those who think climate change poses risks are reducing GHG emissions.
Academic Joins Shareowners in Advocating Corporate Lobbying Reform (09/18)
Yale University Professor Bob Repetto issues paper calling for companies to rapidly adopt best practice on corporate lobbying, including oversight and approval by independent directors.
Court Affirms Shareowner Right to File Resolutions on Proxy Access for Nominating Directors (09/14)
The decision, which simply upholds existing rules that SEC practice had departed from, fills the void left when the SEC proposed then abandoned a rule on proxy access for nominating directors.
DJSI Takes Holistic Approach to Assessing and Promoting Corporate Sustainability (09/11)
Dow Jones Sustainability Indexes assesses overall sustainability performance, driving constant improvement through the competitiveness to attain best-in-class status.
Barclays Files for Permission to Launch iShares ETF Tracking the Domini Social Index (09/07)
The exchange-traded fund will likely have a low expense ratio, but will not conduct shareowner engagement like the other fund tracking the DSI, the Green Century Equity Fund, does.
Pax World and Citizens Announce Engagement (09/05)
The marriage would consolidate two leading socially responsible investing firms with primarily complementary offerings.
Hydropower Stocks as an Alternative Energy Play (08/31)
Phaethon and Creative Investment Research recommend hydro to gain exposure to the energy boom, contending new technologies offer potential for reducing environmental impacts.
Green Century Equity Fund Seeks Shareowner Okay to Continue Tracking Domini Social Index (08/30)
Green Century also announced its intention to lower the expense ratio for the fund with aim of enlarging the fund's investor base.
How Insurers Are (and Are Not) Tackling Climate Risk in Underwriting, Investing, and Policies (08/29)
A new report from Ceres identifies almost 200 activities recently introduced by insurers to address climate change, but calls on the industry for further action.
Trucost Joins Yale Professor to Devise Tool to Gauge Financial Cost of Environmental Impacts (08/25)
Professor Robert Repetto and Trucost Researcher Dan Dias apply the TRUEVA methodology for measuring externalities in financial terms to the US electric sector, which scores terribly.
Domini Shareowners Approve Shift from Index Tracking to Active Management (08/24)
The transition carries implications for investors, such as capital gains taxes, which Domini is strategically mitigating.
ICCR Benchmarks Pharma Responses to AIDS and Diseases of Poverty in Emerging Markets (08/18)
The Interfaith Center on Corporate Responsibility report assesses 15 pharmaceutical companies, and finds all of them falling short of best practice in most areas on AIDS and neglected diseases.
Alternative Energy Revolution Fueled by New Fund Launches Despite Sector Downturn (08/17)
The launch of the Guinness Atkinson Alternative Energy Fund testifies to optimism about the sub-sector echoed by the launch of the first renewable energy hedge fund by Ardsley Partners.
Calvert and Ford Foundations Help Launch Public Radio Fund to Democratize the Airwaves (08/10)
The foundations jointly seeded $4.5 million in the revolving loan fund administered by Denver-based Public Radio Capital to provide low-interest loans to public radio projects nationally.
Shareowners Push TimeWarner on Movies Depicting Smoking, Recycled Paper, and Pay Disparity (08/09)
Part two of this two-part article documents steps forward made by TimeWarner, as well as areas where shareowner activists continue to press for progress.
Shareowner Activists See Progress at TimeWarner, and Room for Improvement (08/08)
In part one of this two-part article, activists applaud the company on its first corporate social responsibility report while continuing to push on environmental, social, and governance issues.
Book Review--International Documents on Corporate Responsibility (08/04)
A comprehensive compendium of important codes on corporate social responsibility.
ADVANCE Converts Corporate Environmental Metrics Into Monetary Terms (08/03)
The transparent methodology stands to advance corporate social responsibility and socially responsible investing, but it remains to be seen if it measures true sustainability.
Biofuels May Not Be Sustainability Panacea, According to Bank Sarasin Report (08/02)
The report identifies strengths and weaknesses of biofuels from social and environmental perspectives, as well as positing minimum sustainability criteria to qualify for investment.
BP, Suncor, and Shell Top Oil Sector Sustainability Rating; Chevron and ExxonMobil Rank Low (08/01)
The report by Jantzi Research examines 23 oil companies worldwide on environmental issues such as greenhouse gas emissions as well as human rights and other social issues.
First Socially Responsible Investing Portfolio Devoted to Diversity Launched (07/31)
Minority-owned Creative Investment Research conceived of the portfolio to promote corporate diversity while targeting women and minority investors for economic empowerment.
The Pages of Corporate Sustainability and Responsibility (07/28)
Books addressing climate change dominate the fourth annual SocialFunds.com Summer Reading List recommended by socially responsible investing and corporate social responsibility leaders.
Executives and the Environment: Looking Back at Proxy Season 2007 (07/27)
With the 2007 proxy season over, shareholders saw a jump in the number of socially responsible proposals, with support growing for climate change proposals and accountability for executive pay.
Nuns and Priests File Depleted Uranium Bunker Buster Resolution at Three Weapons Companies (07/26)
The resolution goes to vote next week at Alliant Techsystems, and already received more than double the support needed to re-file next year at Lockheed Martin and Textron.
Survey Examines Nomenclature and Numbers Fueling SRI and Extra-Financial Research (07/25)
The fourth annual survey from Thomson Extel and the UK Social Investment Forum looks beyond the numbers to assess the role of language in promoting uptake of SRI research.
Trillium Takes the Reins from Winslow in Managing the Green Century Balanced Fund (07/24)
The transition in portfolio managers has shifted the fund back to its roots as a core portfolio holding by reducing risk and diversifying holdings across the multi-cap space.
Filing Resolutions at Mutual Funds: The Next Frontier for Shareowner Activism? (07/21)
Eight years after the Northwest Corporate Accountability Project first filed an environmental shareowner resolution, it will finally go to vote at the Merrill Lynch Global Allocation Fund.
Parnassus Small Cap Fund Identifies Unique Sustainability Characteristics to Outperform Russell 2000 (07/19)
While the introduction of the Parnassus Workplace Fund a year ago piqued interest, the Parnassus Small Cap Fund unveiled at the same time is turning heads with strong financial performance.
UN Advances Business Case for Materiality of SRI, Leaving Skeptics Little Wiggle Room (07/18)
A new UNEP FI report assesses how investment banks are integrating environmental, social, and governance factors and linking them to financial performance in their research.
Survey Reveals TIAA-CREF Investor Desire to Up Commitment to SRI (07/17)
TIAA-CREF promises to respond to participants, of whom over three-quarters prioritize social and environmental considerations in investing choices.
Book Review--The Triple Bottom Line: How Today's Best-Run Companies Are Achieving Economic, Social, and Environmental Success--And How You Can Too (07/13)
The book lays out a framework for companies to follow on the path toward integrating the triple bottom line of economic, social, and environmental sustainability.
Revised Equator Principles Fall Short of International Best Practice for Project Finance (07/12)
While some observers praise the strengthening of labor rights, others decry the failure to implement adequate transparency, accountability, and governance mechanisms.
Some Applaud Rise in Sustainability Reporting, Others Say It Masks Corporate Un-sustainability (07/11)
A new study documents the increase in sustainability reporting, but a paper by St. Andrews researchers considers corporate sustainability an unrealistic goal under current economic system.
Missouri Farmers Union Credit Union Supports Sustainability in Low-Income Rural Areas (07/10)
The new credit union supports cooperative entrepreneurial models that advance social responsibility and environmental sustainability in low-income agricultural regions.
Assessing Job Creation as a Social Indicator Correlating to Financial Performance (07/06)
A new study from Switzerland-based Pictet & Cie argues that job creation eclipses all other labor issues as a key indicator of corporate social responsibility, and measures its impact on returns.
Recycling 1.2--Dell, HP, and Apple Upgrade Takeback Programs to Slouch Toward Sustainability (07/05)
The Computer TakeBack Campaign applauds the improvements while mapping the long road the computer industry still has to travel to attain true sustainability.
Does Trucost Measurement of Corporate Carbon Footprints Reduce Environmental Impacts? (07/03)
Trucost ranks the carbon intensity in UK portfolios, arguing for overweighting companies with lower carbon footprints to reduce ecological impact while maintaining performance.
Sending Funds Home to Mexico Just Got Cheaper for Latino Community Credit Union Members (06/29)
The Durham, North Carolina-based community development credit union will charge a flat $3 fee, use the exchange rate set by the Fed, and allow recipients to set up accounts in Mexico.
Missouri Treasurer Implements Anti-Terrorism Screen on State Fund (06/28)
The screen excludes Sudan as a state sponsor of terrorism, not necessarily as a genocidal regime, distinguishing this strategy from other Sudan-related state divestment strategies.
Book Review--Shareholder Participation and the Corporation: A Fresh Inter-disciplinary Approach in Happiness (06/27)
Australian Law Professor James McConvill applies empirical research on happiness to corporations, specifically focusing on the case it makes for shareowner empowerment.
Semantics and Semitics: Presbyterian Church Investment to Focus on Israeli-Palestinian Peace (06/26)
A recommendation approved by the church General Assembly apologizes to Jews and refines language while reaffirming commitment to corporate engagement with divestment as last resort.
Stratfor Analysis Says Rise in Support for Shareowner Activism is Hitting a Plateau (06/22)
The analysis suggests that corporate executives are building up a tolerance to higher resolution votes; mutual fund proxy voting transparency represents the next frontier for shareowner activists to boost votes.
Canadian SRI Funds Perform On Par with Mainstream Funds (06/21)
A survey of Canadian socially responsible investing funds finds a broad range of rigorousness in assessing corporate social and environmental sustainability.
Correlating Proxy Advisory Firm Recommendations with Voting Results (06/20)
A look at the link between recommendations by Institutional Shareholder Services, Glass Lewis, and PROXYGovernance and voting results at Citigroup, Chevron, ExxonMobil, and Wal-Mart.
Norwegian Government Pension Fund Dumps Wal-Mart and Freeport on Ethical Exclusions (06/16)
The $230 billion global fund--one of the largest pension funds in the world--cited Wal-Mart for systematic human rights violations and Freeport for serious environmental damage.
World Resources Institute and Citigroup Team Up to Report on Solutions to Climate Change (06/15)
The report recommends a dozen companies poised to profit from a carbon-constrained future, including Archer Daniels Midland, Caterpillar, Cypress Semiconductor, GE, Itron, Johnson Controls, Monsanto, and Waste Management
Why Do Minorities Receive More Subprime Mortgages? Can You Say, Kickback? (06/14)
A new Center for Responsible Lending study shoots holes in industry rationale that bad credit histories of African-Americans and Latinos account for disproportionate subprime mortgages.
Winslow and Jupiter Launch Global Green Fund Using Only Positive Environmental Criteria (06/12)
The Jupiter Green Investment Trust pioneers cross-continent collaboration and evolution from negative screening to positive sustainability criteria.
Corporate Shenanigans: Companies Dis Shareowners at Annual Meetings (06/09)
Home Depot exemplifies a phenomenon of companies manipulating annual meeting protocols to disempower shareowners, following in the footsteps of Weyerhaeuser, Whole Foods, and others.
Book Review--Managing the Business Case for Sustainability: The Integration of Social, Environmental, and Economic Performance (06/07)
The book presents a wide breadth of academic and practitioner perspectives on corporate social and environmental sustainability.
Bank of China International Investment Managers Launches First SRI Fund in China (06/06)
The fund combines quantitative screening with qualitative assessment on issues such as corporate governance and social responsibility, but it is unclear how it will handle human rights.
The Numbers--and the Stories Behind Them--on Community Development Financial Institutions (06/02)
CDFI Data Project recently released the most comprehensive report on the CDFI industry, with statistics documenting CDFI growth and case studies illustrating positive social impacts.
Wainwright Bank and Equal Exchange Partner to Offer the First Branded Certificate of Deposit (06/01)
This new branded CD model is particularly suited to socially responsible banks, companies, and investors, as the increased social returns can counterbalance the slightly higher financial risks.
Survey Starts to Pry Open Black Box of University Endowment Holdings and Proxy Voting (05/31)
The survey, conducted by the Sustainable Endowments Institute, finds the vast majority of universities and colleges veiling their holdings and proxy voting records in secrecy.
Applying an Ant Colony Mentality to Extra-Financial Factors and Enhanced Analytics (05/30)
A report from the Universities Superannuation Scheme, a member of the Enhanced Analytics Initiative, calls for diverse, community-wide advocacy of factoring extra-financials into research.
Domini Fund to Shift from Indexing to Active Management (05/26)
Domini Social Investments proposes shifting the Domini Social Equity Fund from tracking the Domini 400 Social Index to being actively managed by Wellington Management.
Listmania! Corporate Sustainability and Responsibility Lists Drive Improved Performance (05/25)
CSR lists take the old adage--what gets measured gets managed--one step further by spotlighting the ranking process, thereby encouraging better corporate social and environmental performance.
Using the Same Tape Measure: MicroRate To Launch Tool for Rating Microfinance Funds (05/24)
The rating tool, a project supported by Gray Ghost Microfinance Fund, Omidyar Network, and Gates Foundation, is yet another step toward establishing microfinance as a distinct asset class.
Japanese Fund First to Track KLD Global Climate 100 Index (05/19)
The construction methodology of the Global Climate 100 distinguishes it from other clean energy indexes, and distinguishes this fund from other Japanese eco funds.
The Case for Categorizing Community Development Venture Capital as a New Asset Class (05/18)
A white paper by Pacific Community Ventures lays out the argument and identifies steps to promote growth in community development venture capital, such as standardizing social return metrics.
Chemical Companies Unprepared to Reduce Toxicity for European REACH Regulations (05/17)
An Ethical Investment Research Service report finds on Akzo Nobel advanced in preparation for REACH, while an Innovest report debunks industry claims that the rules will cripple them.
Amgen Recommends Support for Political Donations Resolution, Bolstering Broader Campaign (05/16)
The Center for Political Accountability, which coordinates the political contributions campaign, released a report on trade association contributions that previews its 2007 proxy season strategy.
Hog Manure Fertilizes Improvements in Environmental Management at Smithfield Foods (05/13)
Fines for Clean Water Act violations and a lawsuit settlement spur Smithfield to clean up its act and move toward environmental leadership, but it still has a way to go to complete a turnaround.
Digging for More than Gold: SRI Letter Asks Newmont to Address Western Shoshone Concerns (05/11)
The letter cites a recent decision by the United Nations Committee for the Elimination of Racial Discrimination to support Western Shoshone claims.
Another Clean Energy Index Launches to Capitalize on Transition from Dependence on Fossil Fuels (05/10)
The NASDAQ Clean Edge US Index joins several other recently launched clean energy indexes tracking solar photovoltaic, biofuel, wind, and fuel cell companies.
Confirming the CalPERS Effect: Academic Study Links Shareowner Activism to Financial Gain (05/09)
Examining companies targeted for governance reform by the CalPERS Focus List, the study presents data correlating activism to increasing shareowner value as well as cautionary notes.
Proxy Season Report Geared to Foundations Helps Others Navigate Proxy Landscape (05/08)
As You Sow Foundation and Rockefeller Philanthropy Advisors report allows for stepping back by providing a useful overview as well as an in-depth look at behind-the-scenes dialogue.
Student-Managed Socially Responsible Investing Fund Outperforms the Market (05/05)
The faculty advisor to the Arnone-Lerer SRI Fund at Villanova University attributes a quarter of the outperformance to environmental, social, and governance factors.
Investor Environmental Health Network Addresses Product Toxicity Through Safer Alternatives (05/04)
The network is coordinating 11 shareowner resolutions addressing product toxicity at companies such as Avon, Becton-Dickinson, CVS, Dow, DuPont, and Whole Foods Market, among others.
Shareholders One Step Closer to Having a “Say on Pay” (05/03)
The US House of Representatives votes to give shareholders an advisory non-binding vote on executive compensation.
United Nations Endorses SRI Strategies in Launching Principles for Responsible Investment (05/02)
Some 50 institutional investors globally representing $4 trillion in assets have signed on to the Principles, which promote the consideration of environmental, social and governance factors.
Book Review--Values-Driven Business: How to Change the World, Make Money, and Have Fun (04/25)
The first in the Social Venture Network book series provides loads of anecdotal advice on how to establish a values-driven business, but little on how to retain social responsibility in a buy-out.
Conflict of Interests Policies and Practices Vary Widely at Proxy Advisory Firms (04/19)
Part two of this two-part article examines how Institutional Shareholder Services, Glass Lewis, and PROXY Governance handle potential conflicts of interest.
Voting Recommendations on Shareowner Resolutions Vary Widely at Proxy Advisory Firms (04/18)
Part one of this two-part article compares Institutional Shareholder Services, Glass Lewis, and PROXY Governance vote recommendations on resolutions at Citigroup and Chevron.
Wal-Mart Discloses Equal Employment Opportunity Data (04/14)
The company joined six others in the S&P 100 that publicly disclose their EEO-1 report, but Wal-Mart still faces shareowner action on union-busting and selling gems mined in Burma.
Enterprise Social Fund First to Tap Corporate Community for Community Investing (04/12)
The fund partners Enterprise Community Partners, which will manage the portfolio, with Deutsche Bank, which will seek investment from socially responsible companies and individuals.
New Analysis of Sustainability Risks and Opportunities in Developing Asian Markets (04/11)
New report from ASrIA and IFC seeks to bring consideration of environmental, social, and governance factors into investment decisions in developing Asian markets.
Is Contrarian Investing Consistent With or Contrary to Socially Responsible Investing? (04/07)
SRI practitioners say that the contrarian focus on long-term prospects and overall health of a company suggest yes, while its focus on timing suggests maybe no.
Common Good Bank Advances One Branch of Community Investing Evolution (04/05)
The bank promotes the common good by distributing excess profits to the community and by making all lending and spending decisions through participatory democracy.
Analysis Advocates Strategic Approach to Corporate Social Responsibility (04/04)
McKinsey Quarterly provides in-depth analysis of its January 2006 survey documenting increasing executive interest in CSR, a finding correlated by an American Society for Quality poll.
Amana Funds Continue Strong Performance (03/31)
The Amana Funds' Islamic principles coincide with sound investment strategies that have helped fuel strong financial performance over the past three years.
Social Footprint Introduces Simple Elegance in Measuring Corporate Sustainability Performance (03/30)
The method conceived by the Center for Sustainable Innovation for quantifying corporate social and environmental impacts uses quotients to compare company action to sustainability goals.
Corporate Action on Climate Change Improves Over Past Three Years, But Still Insufficient (03/28)
A report from Ceres benchmarks corporate governance on climate change, finding steady gains by leaders while some laggards leapfrog toward the top and other laggards stagnate at the bottom.
White House and Interfaith Center on Corporate Responsibility Address Pediatric AIDS (03/24)
Bush Administration launches a new public-private partnership on Pediatric AIDS, an area where ICCR engages pharmaceutical companies in shareowner advocacy.
Book Review--Responsible Investment (03/23)
An impressive and wide-ranging list of contributing writers advance a balance between elucidating the strengths of socially responsible investing while also exposing its weaknesses.
Facing Campaign on Farm Working Conditions, McDonald's to Heed Independent Study Results (03/22)
The Coalition of Immokalee Workers urges McDonald's to improve farm working conditions, which the company is addressing through a study by the Center for Reflection, Education, and Action.
Cost of Clean Energy Decreases to Compete with Its Dirtier Counterparts, According to Report (03/21)
The Clean Edge report surveys clean energy, documenting market growth, strong stock performance, and expansion of venture capital investment, as well as projecting future trends.
Thirty Years and Counting: Cofounder Wayne Silby Recounts the Birth of Calvert (03/18)
To celebrate the thirtieth anniversary of Calvert, SocialFunds.com speaks with co-founder Wayne Silby about its genesis, development, and future.
A Serendipitous Match: Davis Advisors Takes Over MMA Praxis Core Stock Fund (03/16)
The portfolio holding of Wal-Mart exemplifies (oddly enough) how both Davis Advisors and MMA Praxis emphasize the importance of stewardship and shareowner empowerment.
US Banks Sink to the Bottom of the Barrel on Latest Sustainability Ratings from Oekom (03/14)
Most US banks fail to disclose enough information on their social and environmental performance to qualify for analysis, and only four of 21 analyzed earned above D-level grades.
Whole Foods Market Gags Shareowners at Annual Meeting (03/10)
A leader on corporate social responsibility, Whole Foods lags on corporate governance by stymieing shareowner democracy.
Sudan Presents Investment Risk as Genocidal Regime and State Sponsor of Terrorism (03/09)
Socially responsible investing research provider IdealsWork Financial now offers data from Conflict Securities Advisory Group on corporate exposure to human rights abuses in Sudan.
Wells Fargo Issues Alternative Energy Report to Join Ranks of Banks Advancing SRI Research (03/08)
The report provides an overview of the alternative energy market as well as the pros and cons of investment opportunities in wind, solar, hydroelectric, hydrogen, biomass, and even nuclear.
SEC Forces Chevron, Dow, and CVS to Include Shareowner Resolutions on Their Proxies (03/07)
Part two of this two-part article examines no-action activity thus far in the 2006 proxy season, focusing on attempts to apply the personal grievance rule and expand a new risk assessment rule.
Resolution Withdrawals Signal Success in Shareowner Advocacy Early in 2006 Proxy Season (03/06)
Part one of this two-part article examines withdrawal of resolutions on climate change, sexual orientation nondiscrimination, political contributions, and HIV/AIDS policies.
SRI Community Adding Its Two Cents to Comments on GRI G3 Guidelines (03/02)
The Global Reporting Initiative is seeking public comments on its new sustainability reporting guidelines by March 31st.
State Laws Effectively Curb Predatory Lending Without Stifling Subprime Market, Study Finds (02/28)
The Center for Responsible Lending study rebuts opponents of state anti-predatory lending laws, and suggests significant implications for the two competing anti-predatory bills now in Congress.
Bank Policies Fail to Meet International Social and Environmental Standards, Report Says (02/25)
The 39 banks assessed fall far short on global sustainability standards, and fail to disclose enough information on implementation to even be assessed by NGO coalition BankTrack.
Evergreen Solar and Energy Conversion Devices Rated Outperformers in Piper Jaffray Solar Report (02/23)
The report continues a trend of mainstream equity research using socially responsible investing strategies, and SRI funds confirm this assessment through wide exposure to these two companies.
Defining Corporate Complicity in Human Rights Abuses (02/22)
Business and Human Rights Seminar report maps the landscape of corporate complicity in human rights abuses, and addresses the dichotomy of mandatory laws versus voluntary codes.
Opening the Umbrella of Socially Responsible Investing to Include Energy Efficient Mortgages (02/21)
Indigo Financial Group promotes energy efficient mortgages, which have long been available through a Fannie Mae program but have yet to reach their market potential.
IT Company Collusion with Chinese Authorities to Repress Free Expression Shorts Shareowner Value (02/17)
Boston Common Asset Management submits testimony to congressional hearings asserting that protecting shareholder value and respecting human rights are not mutually exclusive mandates.
Book Review: Economic Apartheid in America: A Primer on Economic Inequality & Insecurity (02/16)
The revised and updated edition of this text (originally published in 2000) examines how excessive executive compensation contributes to the widening gulf between rich and poor.
Financial Wonks Meet Treehuggers: New Tool Places Valuation on Corporate Sustainability (02/14)
The sdEffect analytical framework takes the next step in establishing metrics to translate sustainable development into valuation.
Two New Indexes Help Wean Us From Oil Addiction Via Clean Energy and Cleantech (02/10)
The WilderHill New Energy Global Innovation Index tracks clean energy companies internationally, while the Cleantech Index tracks cleantech companies in the US.
Shareowner Action on Product Toxicity Shifts from Isolated Resolutions to Become a Campaign (02/09)
Fueling this development is the increasing visibility of product toxicity in the news, with the Environmental Protection Agency issuing record fines.
Calvert Rates Environmental, Social and Governance Practices of 100 Largest US Companies (02/08)
The move increases transparency of socially responsible investing research while maintaining the proprietary nature of the Calvert investment process.
KLD and ISS Offer Research Tools for Divesting from Sudanese Genocide and Terrorism (02/07)
The KLD tool focuses narrowly on the Illinois law mandating divestment from companies doing business with the Sudan; the ISS tool focuses beyond divestment and on other state sponsors of terrorism.
Using Mutual Fund Proxy Voting Data to Promote More Conscientious Voting (02/03)
The final installment of this multi-part series steps back to consider the implications of the findings and how to harness them to push mutual funds to support corporate social responsibility.
Two Sides of the Same Coin: Surveys Track Growth of Interest in CSR and SRI (02/01)
Part two of this two-part article focuses on a survey by McKinsey Quarterly on increasing interest from global corporate executives in corporate social responsibility.
Two Sides of the Same Coin: Surveys Track Growth of Interest in SRI and CSR (01/31)
Part one of this two-part article focuses on a survey by Mercer Investment Consulting on increasing interest from institutional investors in socially responsible investing.
How to Determine the Top 100 Sustainable Companies in the World (01/28)
Innovest Strategic Value Advisors and Corporate Knights announce the Global 100 Most Sustainable Companies at the World Economic Forum, documenting financial outpeformance.
Social Investment Forum Trends Report Tracks Rises and Falls of Socially Responsible Investing (01/26)
The 2005 report documents increases since 2003 in assets overall in SRI, in SRI mutual funds, and in shareholder advocacy, but decreases in overall screened assets and in screened separate accounts.
Eroding Support for Shareowner Resolutions on Climate Change Revealed by Unpublished Data (01/25)
In part three of this multi-part article, SocialFunds.com examines unpublished data associated with a recent report on mutual fund proxy voting from The Corporate Library, and finds decreasing support for climate change resolutions.
In the Year of the Oil Boom, Some SRI Funds Look Elsewhere for Strong Performance in 2005 (01/24)
The top-performing socially responsible investing funds compared to their category peers (SRI and non-SRI alike) drew strong performance from pharma, tech, and financials.
Unpublished Data Clarifies SRI Proxy Voting on CSR Resolutions (01/18)
In part two in this multi-part series, SocialFunds.com examines unpublished data associated with a recent report from The Corporate Library, and finds that statistics are not always what they seem at first glance.
The Corporate Library Report on Mutual Fund Proxy Voting Finds Stagnation and Even Retreat (01/17)
Part one of this multi-part series discusses the report findings on decreasing mainstream fund support for CSR resolutions; subsequent articles examine unpublished data from the research.
GE Comes Clean, Disclosing Costs Related to PCB Cleanup on the Hudson (01/12)
The move prompts the Tri-State Coalition for Responsible Investment, which characterized some of these expenditures as delay tactics, to withdraw its shareowner resolution requesting this information.
Majority-Vote Director Election Shareowner Resolutions To Top 100, Dominate Proxy Season (01/10)
A memo from corporate law firm Wachtell, Lipton, Rosen & Katz opines that majority-vote elections will become universal, but shareowners still seek proxy access to nominate directors.
New Domini Funds Invest in the World (01/10)
Domini charts new territory with the creation of the Domini PacAsia Social Equity Fund and the Domini EuroPacific Social Equity Fund.
Wal-Mart Faces Host of Shareowner Resolutions, From Union-Busting to Sustainability Reporting (01/06)
The broad range of resolutions suggests that the sustainability commitments announced by Wal-Mart last year did not convince shareowners that the company has solved all its challenges.
Top Five Socially Responsible Investing News Stories of 2005 (01/05)
Socially responsible investing, corporate social responsibility, and microfinance embraced by the mainstream; shareowner advocates withdraw several climate change resolutions as companies agree to report; and exchange traded funds apply SRI strategies.
Alien Tort Claims Act Lawsuit Alleges Slavery and Child Labor on Liberian Firestone Plantation (12/30)
The International Labor Rights Fund calls this its strongest ATCA case yet because the evidence of forced labor is so clear and Firestone owns and operates the plantation.
Socially Responsible Property Investment Still on the Drafting Table (12/29)
A blueprint of the fledgling field of socially responsible real estate investment.
Are European Finance Sector Corporate Social Responsibility Initiatives Adequate? (12/23)
A report from a recent EU conference on CSR suggest so, while a Corporate Responsibility Coalition report says voluntary CSR initiatives and current regulation fall short.
Book Review--Megatrends 2010: The Rise of Conscious Capitalism (12/22)
The newest in the Megatrends series advances a framework for conscious capitalism that highlights socially responsible investing.
Verite Report Identifies Exploitation of Foreign Contract Laborers in Asia and the Middle East (12/20)
The report uncovers placement fees that exceed legal limits, forced overtime, loans with interest rates of up to 60 percent, and so-called runaway insurance deposits that are not refunded.
EPA Tries to Pull a Disappearing Act on the Toxics Release Inventory (12/16)
In response to the Environmental Protection Agency proposal to dilute TRI, the socially responsible investing community launches the SaveTRI.org website.
Solar Energy Helps Fuel Socially Responsible Investing (12/15)
Managers from Winslow Green Growth Fund, New Alternatives Fund, and Portfolio 21 discuss the opportunities and challenges of investing in solar power.
SRI Community Releases Retailer Guidelines to Avoid Violent Video Game Sales to Kids (12/14)
The Interfaith Center for Corporate Responsibility guidelines address underage exposure to graphic violence, strong sexual content, and racist themes, as well as impact on shareholder value.
Tool for Tracking Greenhouse Gas Reductions Launched at UN Climate Change Conference (12/13)
The World Business Council for Sustainable Development and the World Resources Institute release a GHG accounting tool for projects to complement their existing corporate-wide tool.
Socially Responsible Investing Advances Anti-Racism in Helping Rebuild New Orleans (12/12)
In addition to supporting community investment and leveraging influence through shareowner advocacy, social investors can help rebuild in the aftermath of Katrina by naming root problems.
UK Kills Operating and Financial Review of Environmental and Social Information (12/08)
The move, which was seen as capitulation to the business community, leads to legal challenges.
Australian Report on Globalization of the Mainstreaming of Socially Responsible Investing (12/06)
New report examines how governments worldwide promote the mainstreaming of SRI, focusing on Australian policy options in a way that exemplifies issues facing other governments.
First Steps: Corporate Engagement on HIV/AIDS Improves Since Last World AIDS Day (12/01)
Global Business Coalition on HIV/AIDS Best Practice AIDS Standard represents an important step forward, and companies such as Intel are responding to shareowner dialogue with ICCR.
A Light Bulb Turns On: Goldman Sachs First Investment Bank to Adopt Environmental Policy (11/30)
The policy matches the robustness of other such policies recently adopted by global financial institutions, but the status of Goldman Sachs as an investment bank brings added significance.
Calvert World Values Fund Tackles Challenges of International Socially Responsible Investing (11/29)
The fund delivers double-digit three-year returns for shareholders while screening for corporate environmental, social, and governance performance in international and emerging markets.
New International Finance Corporation Sustainability Standards: Watershed or Watered Down? (11/23)
A group of socially responsible investors express concern over perceived shortcomings in the proposed IFC policy revisions, while the IFC points out where the policies break new ground.
Citigroup Smith Barney Report Seeks to Bridge Divide Between SRI and Traditional Analysis (11/21)
The report seeks to cross the metaphorical river dividing socially responsible investing analysts, who assess sustainability, from traditional analysts, who examine financial fundamentals.
Fonkoze Helps Transform Microfinance to Reach the Poorest of the Poor in Haiti (11/18)
After convening a summit on how to modify microfinance to serve the extreme poor, Fonkoze adapts a model pioneered by the Bangladesh Rural Advancement Committee.
Radical/Conservative: Innovest Integrates Sustainability Factors into Financial Analysis (11/17)
Innovest Strategic Value Advisors reconciles socially responsible investing research with traditional investment research by fusing social, environmental, and financial considerations.
Shareowner Empowerment Is Alive and Well: a Preview of the 2006 Proxy Season (11/16)
Part two of this two-part article examines the developing trends in shareowner activism as resolutions are filed for the upcoming proxy season.
Forging Ahead from the Crossroads: Reviewing the 2005 Proxy Season (11/14)
Part one of this two-part article looks back at this year's proxy season, which was highlighted by majority vote director election proposals while part two previews the upcoming proxy season.
One Year On: Global Compact Maps Progress on Mainstreaming ESG Considerations (11/10)
Two recent reports paint a vivid picture of developments over the past year on integrating environmental, social, and governance considerations into traditional financial analysis.
Consortium Advances Microfinance as an Emerging New Asset Class (11/09)
The Global Commercial Microfinance Consortium, with its $75 million fund, links mainstream financial institutions to socially responsible investment practitioners with microfinance experience.
Tearing Down the Great Firewall (11/08)
Social investors issue a statement holding information technology companies accountable for collusion with repressive regimes such as China that stifle dissent expressed on the Internet.
Book Review--The Challenge to Power: Money, Investing, and Democracy (11/07)
John Harrington compiles voluminous evidence to diagnose what ails modern corporatocracy, and prescribes a comprehensive cure with socially responsible investing playing a key role.
Fiduciary Duty Redefined to Allow (and Sometimes Require) Environmental, Social and Governance Considerations (11/03)
A report commissioned by UNEP FI and prepared by Freshfields attorneys dispels the persistent myth that laws prevent fiduciaries from considering environmental, social, and governance issues.
Insurers at the Crossroads: Intersection Between Insurance and Sustainability is a Busy Corner (11/02)
Swiss Re exemplifies global sustainability leadership, as the chair of its US arm gives the keynote address at a summit on climate change and insurance in Connecticut.
Counting Stars: Top Morningstar Ratings Bespeak Strong Performance for SRI Funds (11/01)
Of the 60-odd broadly-screened socially responsible investing funds tracked by SocialFunds.com, three earn 5-star ratings and 12 earn 4-star ratings from Morningstar.
SRI Research from UBS Strikes Balance Between Ethics and Economics (10/28)
The new socially responsible investing team at UBS quantifies the costs of corporate social and environmental impacts as a means of effecting ethical and economic rectification.
Transforming the Myth of Democratic Shareholder Power into a Reality (10/27)
A new paper by Harvard Professor Lucian Bebchuk debunks the myth of shareholder power to replace directors, and recommends reforms that could jumpstart the stalled SEC proxy access rule.
Wal-Mart Embraces Sustainability: Does the SRI Community Buy It? (10/26)
Socially responsible investors cautiously applaud Wal-Mart for committing to social and environmental sustainability, but remain highly skeptical about actual implementation.
Community Development Financial Institutions Spread Like Wild Grass in Indian Country (10/25)
First Nations Oweesta Corporation serves as a national umbrella organization providing the structural framework and organizational support to fuel current exponential Native CDFI growth.
Institutional Investors Drive Research on Mainstreaming of SRI by Investment Managers (10/21)
A new line of research at Mercer Investment Consulting rates proxy voting, shareholder engagement, and analysis of environmental, social, and governance issues by mainstream investment managers.
New Index and Exchange Traded Fund Expose Risks and Potentials in Nanotech (10/20)
The Innovest Nanotech Index assesses social and environmental risks, while the PowerShares Lux Nanotech Portfolio focuses more on investment opportunities.
Scaling Community Investment: Report Addresses Growth in Community Development Finance (10/19)
An Aspen Institute report serves as the basis of a series of conferences at regional federal reserve banks on how to best scale up community investment.
Book Review--The False Promise of Pay for Performance: Embracing a Positive Model of the Company Executive (10/18)
According to James McConvill, the problem with perverse executive compensation is not managerial power, as an earlier book suggests, but rather the very pay for performance system.
Rising Oil Prices Fuel Investment Returns in Renewable Energy for New Alternatives Fund (10/14)
The first environmental mutual fund is also globalizing its reach to capitalize on innovative developments in alternative energies in other countries.
Moskowitz Prize Winning Study Correlates Corporate Eco-Efficiency and Financial Outperformance (10/13)
The paper finds a significant and positive relationship between Innovest eco-efficiency ratings and both market-based and accounting-based financial performance metrics.
Divining the Future of Socially Responsible Investing (10/12)
A study commissioned by Vancity Credit Union surveys 42 SRI thought leaders to identify trends, opportunities, and obstacles, as well as potential developments that defy prediction.
Business Roundtable May Be Seeing the Light with New Initiative (10/11)
The SEE Change program hints at a tipping point for US business community engagement of social, environmental, and economic issues, but the program's success may depend on how critics view its performance.
SRI Utilities Fund Flicks Switch to Power Strong Returns (10/07)
The Flex-funds Total Return Utilities Fund uses environmental and social screening in addition to fundamental analysis to identify sustainable utilities.
Changing of the Guard: Vanguard Pulls a Switcheroo on SRI Index Providers (10/06)
Vanguard is swapping the benchmark for its socially responsible investing index fund from the Calvert Social Index to the FTSE4Good US Select Index.
Spreading SRI: Goldman Sachs Adds Its Own Twist in Social and Environmental Assessment (10/05)
As socially responsible investment strategies migrate into the mainstream, mainstream analysts apply social and environmental considerations in innovative ways.
ICCR Online Database Eases Access to Information on Shareowner Resolutions (10/04)
EthVest, the new web-based tool from the Interfaith Center on Corporate Responsibility, provides access to 2,000-plus shareowner resolutions and 12-plus years of shareowner action.
Insurers Behind the Curve on Addressing and Disclosing Risks of Climate Change (09/29)
Two reports, one from Ceres and one from Friends of the Earth, concur that climate change is catching insurance companies, which are particularly impacted by global warming, unawares.
GAO Finds Federal Corporate Social Responsibility Programs Widespread But Uncoordinated (09/28)
The Congressional Human Rights Caucus convenes a briefing today to discuss the findings of a Government Accountability Office report on US government initiatives on CSR.
Book Review---An Unreasonable Woman: The True Story of Shrimpers, Politicos, Polluters, and the Fight for Seadrift, Texas (09/27)
Shrimper-turned-grassroots environmental activist Diane Wilson transforms her experience fighting corporate toxic emissions into a literary work of art imbued with the rugged beauty of the Texas coast.
Domini Goes Abroad with New European Fund (09/22)
The fund allows US social investors to diversify their portfolios into a region with attractive investment opportunities and corporations with strong sustainability commitments.
Third Carbon Disclosure Project Survey Finds Increasing Action on Climate Change (09/21)
CDP3, now sponsored by 155 institutional investors with more than $21 trillion in assets, also reveals some significant footdragging by the Financial Times 500 companies.
Community Investment Bridges the Gap from Destitution to Restitution After Hurricane Katrina (09/20)
Predominantly low-income African Americans were barred from crossing the bridge out of New Orleans, but now community development bridge loans are spanning the gulf back to stability.
AccountAbility Cooks Up a New Recipe with Stakeholder Engagement Standards (09/16)
An exposure draft of new AA1000 Stakeholder Engagement Standards to be released next week may prove useful to the socially responsible investment community of shareholder activists.
Taking Account of Corporate Social Responsibility Reports (09/15)
A Pleon survey of CSR reporting finds differing opinions on best practice for report assurance and verification amongst respondents as well as professional experts.
Business Impacts on Millennium Development Goals: A Virtuous Cycle or a Coin Toss? (09/14)
A new World Business Council for Sustainable Development report profiles corporate initiatives to alleviate poverty, but focuses less attention on how business may confound such goals.
A Next Generation SRI Strategy: The Henderson Industries of the Future Fund (09/13)
By extending to its entire portfolio a focus on ten sustainability industries, Henderson has conceived of a novel approach to socially responsible investing.
Banks and Financial Service Providers Figure Prominently in FTSE4Good Attrition, DJSI Matriculation (09/08)
Corporate social responsibility plays an important role at banks and financial service companies, which are not only recipients but also increasingly purveyors of socially responsible investment.
Blogging SRI (09/07)
SRI Notes and SRI-Extra harness the strengths of weblogs to comment candidly on developments in socially responsible investment as they happen.
Labor Day List Celebrates Corporate-Union Collaboration (09/02)
The inaugural list launched by American Rights at Work spotlights positive relationships between companies and their workers.
War Millionaires: Defense Contractor CEO Pay Up 200 Percent Since 9/11 (09/01)
The ratio between CEO and worker pay across the market climbs to 431 : 1, up from 301 : 1 last year, according to a new CEO pay study from United for a Fair Economy and the Institute for Policy Studies.
Book Review--The Market for Virtue: The Potential and Limits of Corporate Social Responsibility (08/31)
David Vogel scrutinizes the business case for CSR and finds no causal link between corporate virtue and profitability, but rather finds a robust niche market for it.
Toxic 100 Uses Enhanced Toxics Release Inventory Data to List Top Corporate Polluters (08/30)
The Toxic 100 aggregates facility-level TRI data to compute company-wide toxic emissions performance.
Shareowner Resolution Asks Monsanto to Create Ethics Oversight Committee (08/26)
The company stonewalls inquiries related to the resolution, which springs from a $1.5 million settlement with the SEC and DOJ earlier this year regarding a bribe Monstanto paid in Indonesia.
Human Rights Site Spotlights Bank Investment in Chinese Manufacturer Linked to Forced Labor (08/25)
The Business & Human Rights Resource Centre posts an article alleging Chinese firm Henan Rebecca uses forced labor, as well as responses from banks implicated through investment for their clients.
World Bank and IMF: Indicators of Investor Opportunity or Red Flags of Investor Risk? (08/23)
Two academic papers produce empirical evidence that World Bank and International Monetary Fund loan conditions stipulating market reform may prove counterproductive and fuel backlash.
Social(k) Allows Socially Responsible Investment Retirement Portfolios to More Fully Diversify (08/22)
ExpertPlan administers a 401(k) platform that solves the problem of limited asset class diversification by offering 25 SRI funds from nine fund families than span the spectrum.
Most Canadian Extractive Companies Behind the Curve on Human Rights Policies (08/18)
Ethical Funds surveys Canadian energy and mining companies and finds less than a handful with comprehensive human rights policies, management systems, and disclosure mechanisms.
Generation Gap: Young Sell-Side Analysts Fail to Fill Void in Sustainability Research (08/17)
A survey expecting to find the upcoming generation of securities analysts eagerly assessing environmental, social, and governance issues in their recommendations discovers the exact opposite.
Lack of Human Rights Policy Concerns Chevron Shareowners in Light of Unocal Merger (08/16)
Part two of this two-part article examines the implications of the delay in adopting a human rights policy given the inheritance of Unocal holdings in Burma and Alien Tort Claims Act cases.
New Document Alleges Tie Between Chevron and Human Rights Abuses in Nigeria (08/12)
Identified in the discovery phase of a case proceeding at state and federal levels, the invoice and receipt indicate Chevron paid Nigerian soldiers for services on a day several villagers were allegedly killed (part one of a two-part article.)
Arthur D Little Study Identifies Trends in Sustainability Innovation (08/10)
The report finds increasing corporate commitment to sustainability innovation, though it demonstrates room for more growth.
CalSTRS Follows Calvert Blueprint to Capitalize on Money Manager Diversity (08/09)
Both CalSTRS and Calvert see efforts to identify emerging money managers as smart business and socially responsible as well.
Power to the People: Amnesty Launches Grassroots Shareowner Advocacy Program (08/05)
The SharePower program encourages ordinary people to tell institutional investors holding shares in their name to vote for shareowner resolutions supporting human rights.
Book Review--Profitable Socially Responsible Investing?: An Institutional Investor's Guide (08/04)
An invaluable tool for fiduciaries considering SRI, the book advances original research finding competitive financial performance for positive screening.
Winslow Green Growth Fund: On the Rise Again (08/03)
Following up on its stellar 2003 performance, the environmentally-focused fund is again significantly outperforming its peers and benchmark.
Retirement Plans, Fiduciary Duty, and SRI: Complicated But Compatible (08/02)
A paper published in a professional journal establishes the validity of employing socially responsible investing in retirement plans while also outlining the complexities of the practice.
New Report Links Industrial Business Performance, Environmental Compliance (07/29)
Report finds industrial competitiveness can be improved by boosting waste management capabilities that also make it easier for companies to comply with environmental regulations.
Ethical Investment Research Service Follows Socially Responsible Investing Growth around the Globe (07/26)
Spawned by the anti-apartheid movement seeking information on companies operating in South Africa, EIRIS has since grown astride with the expansion of SRI.
Shell Doubles Cost Projections of Sakhalin II, Project Critics Redouble Opposition (07/21)
The largest oil and gas project in the world meets resistance over concerns about its social and environmental impacts, as well as its economic sustainability.
Oneida Nation Loan to Lakota Fund Marks First Intertribal Community Development Financing (07/20)
While the World Bank Global Fund for Indigenous Peoples covers only developing nations and socially responsible investors have yet to support the Lakota Fund, a fellow tribe fills gap.
The Lowdown from Corporate Governance and Proxy Advisory Experts on ISS-IRRC Merger (07/19)
Implications of the buyout of the Investor Responsibility Research Center by Institutional Shareholder Services on social research and competition in proxy advisory services.
TIAA-CREF Creates New Director of Social Investing Post But Refrains From Some SRI Strategies (07/15)
TIAA-CREF enhances its proxy voting and practices some community investment, but finds obstacles to supporting community development financial institutions and SRI venture capital.
Gap and Nike Engage Stakeholders For Assurance Statements on Sustainability Reports (07/14)
Sustainability reports, whose credibility is enhanced by such stakeholder engagement and assurance statements, are gaining in significance, as KLD indexes add Nike due in part to its report.
Thinking Outside the Big-Box: Report Suggests Smart Growth for Retailer Siting Decisions (07/13)
Domini Social Investments and Christian Brothers Investment Services provide retailers nine recommendations, examples of best practice and cautionary tales, and helpful resources.
Appalachian Federal Credit Union Celebrates Silver Anniversary With New HQ (07/12)
With $16 million in assets, AFCU helps counteract poverty in one of the poorest regions of the US by providing fairly priced loans to low-income earners, even those with bad credit histories.
French Pension Reserve Fund Commits 600 Million Euros to Socially Responsible Investment (07/08)
The fund seeks to drive innovation and best practice through this significant infusion of cash into the European SRI asset management community.
Vigeo-Ethibel Merger Forms New European Socially Responsible Investment Research Firm (07/07)
The Vigeo Group becomes the largest corporate social responsibility rating agency in Europe, with global operations that the newly-created company plans to expand.
New KLD Index Benchmarks 100 Global Companies Proactively Addressing Climate Change (07/06)
While the G8 agreement on climate change may amount to hot air, the KLD Global Climate 100 Index will allow investors to support high-profile large-cap companies as well as little-known small caps actively mitigating climate change.
Sustainable Summer Reading (06/30)
Experts in the SRI and CSR arenas offer their recommendations for books to take on vacation this summer.
The Calvert Group Funds Film on Social Entrepreneurs Airing on Public Broadcasting System (06/24)
One segment of the film profiles Grameen Bank founder Muhammad Yunus, who pioneered the microcredit model promoted by Calvert Foundation and other community investment advocates.
Panning for Gold: Principle Profits Applies Socially Responsible Investing to Microcaps (06/23)
Massachusetts firm examines financial, social, and environmental performance to identify future winners.
KPMG Finds More Than Half of Fortune 250 Issuing Standalone Sustainability Reports (06/22)
Surveying the top 250 companies in the Fortune 500, the percentage rises to almost two thirds when considering annual financial reports that address corporate responsibility.
Merrill Lynch and World Resources Institute Analyze Climate Change Investment Opportunities (06/21)
The jointly-produced report, the first such collaboration between a mainstream US investment bank and a environmentalist nonprofit, breaks new ground by issuing stock recommendations.
Women's Equity Mutual Fund Supports Businesswomen Through Screening and Now Microfinance (06/17)
Subadvisor Walden Asset Management provides research on how companies treat women, and Blue Orchard Finance provides a new securitized product supporting microfinance institutions.
The Power of Three: SJF Ventures Sets Precedent in Community Development Venture Capital (06/16)
SJF and its partners won all three award categories at the annual conference of the Community Development Venture Capital Alliance, which promotes economic, social, and environmental advancement.
Business for Social Responsibility Suggests Improvements to the Global Reporting Initiative (06/15)
A BSR report surveys 19 member companies on their experience and opinions of sustainability reporting according to GRI guidelines, identifying both strengths and weaknesses.
Mount Holyoke First US College to Dedicate Fund Exclusively to Community Investment (06/14)
While other schools have devoted some funds to community investment, this move by the Massachusetts-based women's college sets precedent and may lead to its use of other SRI strategies.
Book Review--The Next Sustainability Wave: Building Boardroom Buy-In (06/10)
Longtime IBM Canada executive authors a sequel book, adding new sustainability drivers and providing a comprehensive tool for convincing management to consider sustainability.
Nuclear Power: Still an Environmental Scourge or Now a Climate Change Mitigator? (06/09)
Despite prominent environmentalist opinions that low greenhouse gas emissions of nuclear power eclipse its problems, socially responsible investment funds still screen nukes out.
Canadian Corporate Sustainability Reporting In Its Infancy, Shows Signs of Growth (06/08)
A lengthy report released yesterday by the Certified General Accountants Association of Canada provides a primer on sustainability reporting as well as a statistical snapshot.
Gabelli Asset Management Launches SRI Hedge Fund Focused on Catholic Values (06/07)
The fund uses short-selling and merger arbitrage strategies, and screens out companies involved in abortion, contraception, stem cells, and pornography, as well as the top 50 defense contractors.
Report Equips Investors With Tools To Analyze Climate Risk in Uncertain Policy Atmosphere (06/03)
Investor Network on Climate Risk and World Resources Institute team up on a report that provides a framework for valuating climate risk in the absence of regulatory clarity.
As HIV/AIDS Migrates Beyond Africa to Other Emerging Markets, So Too Do Business Risks (06/02)
Concern over HIV/AIDS-related business risks is also shifting from the socially responsible investment community to the mainstream investment community.
Students and States Seek to End Genocide in Sudan Through Divestment Campaigns (06/01)
Students urge Stanford University to follow in the footsteps of Harvard University by divesting, and urge California senators to pass legislation like Illinois did.
Microfinance and Donor-Advised Fund Provide Tsunami Relief (05/27)
A Grameen Foundation USA report examines barriers and opportunities for using microfinance as tsunami relief, and the Calvert Foundation funnels donations to tsunami-ravaged Sri Lanka.
The Ghost of a Shareholder Resolution Haunts ExxonMobil Annual Meeting (05/26)
Despite an unprecedented 28 percent vote for a first-year climate change resolution and strong support for seven others, the censoring of a resolution quashes shareholder democracy.
The Value of Local Expertise in SRI Research: Jantzi Research Knows Canada (05/25)
Jantzi Research conducts socially responsible investment research and corporate social responsibility rating and ranking focused on the Canadian market primarily for institutional investors.
Catching a Rising Knife: Sophia Collier Manages the Citizens Value Fund (05/20)
Whereas former portfolio manager Shelly Meyers tried to catch falling knives, Ms. Collier shifted to a more conservative strategy that has generated much better returns.
Ethical Funds Hires Manning & Napier to Manage Its North American Equity Fund (05/19)
Former portfolio manager Alliance Capital Management got the boot due to poor performance and a lack of diverse strategies to navigate market cycles.
LISC Commits $300 Million to Preserve Affordable Housing for Low-Income Earners (05/18)
The Local Initiatives Support Corporation will work with its affiliates, the National Equity Fund and the Community Development Trust, to counteract expiration of affordable housing subsidies.
Report Ranks Best German Corporate Sustainability Reports (05/17)
Henkel, adidas-Salomon, Volkswagen, BMW, and Deutsche Telekom rank in the top 10 of the 150 German companies surveyed.
IFC Urged to Include Corporate Screens and Address Climate Change in New Standards (05/13)
A group of socially responsible investment practitioners recommends revisions to new International Finance Corporation social and environmental sustainability standards.
Book Review--The Bhopal Reader: Remembering Twenty Years of the World's Worst Industrial Disaster (05/12)
A collection of primary and secondary sources spanning the twenty-year quest for corporate accountability from Union Carbide and now Dow for the 1984 chemical leak that killed thousands upon thousands.
Institutional Investors Call on SEC, Wall Street, and Companies to Address Climate Risk (05/11)
The second Investor Summit on Climate Risk focused on information, from the perspectives of disclosure, data generation, and analysis, as a key to transforming climate risk into opportunity.
Virgin Trees in Kleenex: Greenpeace Lambasts Kimberly-Clark Fiber Sourcing (05/06)
Between 15 and 30 percent of K-C tissue products fiber originates from the Canadian Boreal Forest, according to a Greenpeace report, and only 19 percent of its fiber is recycled.
Long-term Performance of 15 Year-Old Domini 400 Social Index Helps Validate SRI (05/05)
Since its 1990 inception, the DSI has outperformed the S&P 500, helping quash the widespread perception that socially responsible investing automatically underperforms.
Report Asserts Shareholders Have The Right To Know More About DuPont PFOA Liabilities (05/04)
The report documents information on perfluorooctanoic acid, a Teflon ingredient associated with human health hazards, which DuPont withheld from federal regulators and investors alike.
Newly-Launched Funds Advance the Maturation of Socially Responsible Investment (05/03)
Calvert launches two fund of funds comprised of existing Calvert funds across a range of asset classes; Domini releases load-share clone of flagship fund for use by commission-based brokers.
JPMorgan Chase Environmental Policy Triggers Tipping Point for US Bank Sustainability (04/29)
The JPMC policy surpasses environmental best practice established by Citigroup and Bank of America in some areas, but also lags these sustainability leaders in others.
Parnassus Workplace Fund Launches Today, Along With New Small- and Mid-Cap SRI Funds (04/28)
While many socially responsible investment funds assess workplace criteria, the Parnassus fund is the first to lead with this issue.
Pharma and Biotech Companies Just Starting to Pass the Transparency Litmus Test (04/27)
oekom research rates the social and environmental sustainability performance of 27 pharmaceutical and biotechnology companies, and finds disclosure lacking across the board.
Study Argues Less is More in Socially Responsible Investment Research (04/25)
The proposed method may correlate environmental sustainability to financial performance well, but the radical reductionism seems ill-suited to a field that thrives on diversity of approaches.
Measuring Social Returns on Community Development Venture Capital Investment (04/21)
The Community Development Venture Capital Alliance releases the Measuring Impacts Toolkit, which attempts to quantify social returns from community investments.
Weyerhaeuser To Screen Shareholder Questions at Annual Meeting Tomorrow (04/20)
Shifting from the standard open-mic Question and Answer format, the CEO will act as gatekeeper for shareholder questions, a practice viewed by shareholders as restricting their rights.
Climate Change Offers Opportunities: An Interview with Tim Wirth, President of the UN Foundation (04/19)
At the Ceres conference in Boston last week, SocialFunds.com sat down with Tim Wirth to discuss the opportunities for companies presented by the climate change issue.
CARS Hits the Road: First Seven Community Development Financial Institutions Rated (04/15)
The National Community Capital Association CDFI Assessment and Rating System has another 11 ratings in the works, and expects to by fully operational by 2007.
Vermont Issues Call to Investment Managers for Environmentally Sustainable Portfolio (04/14)
Request for Information asks investment managers about their positive and negative screening practices as well as financial performance, particularly of environmentally sustainable portfolios.
SRI Funds Vote Proxies More Conscientiously Than Conventional Funds on Corporate Governance (04/13)
A study on proxy voting by socially responsible investment and conventional funds finds SRI funds voting against management more often on social, environmental, and governance issues.
Ecuadorian Attorney General Tells ChevronTexaco Shareholders Remediation Agreement May Be Invalid (04/12)
The questionable validity of the remediation agreement indemnifying ChevronTexaco could carry implications for the lawsuit and beyond (part three of a multipart article).
Asphalt Jungle: Did Oil Drilling by Texaco Create Environmental and Social Harm in Ecuador? (04/11)
Both ChevronTexaco and lawsuit plaintiffs are finding evidence of contamination during judicial site inspections: the question is, does it pose human health or environmental risks? (part two of a multi-part article.)
Oil Spread Upon the Waters of Ecuador May Return Harm for ChevronTexaco Shareholders (04/08)
A shareholder delegation surveys the environmental and social impact of oil operations, assessing potential risk from a twelve-year old lawsuit in its judicial inspection phase (part one of a multi-part article).
Globalizing Corporate Citizenship: An Interview with Center for Corporate Citizenship Executive Director Bradley Googins (04/06)
At the recent CCC annual conference in Boston, SocialFunds sat down with Dr. Googins to survey the roadmap for increasing the uptake of corporate citizenship.
New SRI Managed Account Uses Options to Capitalize on Market Ups-and-Downs (04/01)
The socially responsible investment team at Piper Jaffray screens the new Redwood Account, which applies the covered options strategy of Kelmoore Investment Company.
Campus Activists and Alumni Donors Want Proxy Voting and Endowment Holdings Disclosure (03/31)
While some US colleges and universities are enhancing endowment transparency and engaging in socially responsible investment, most oppose disclosure and are also retreating from SRI.
To Screen Or Not To Screen?: That May Not Be The Question For Fiduciaries (03/30)
Part two of this two-part article examines the opportunities and limitations that social and environmental sustainability screens present to pension funds and other institutional investors.
Shareowner Activists on Sustainability Take Baby Steps Into Sustainability Screening (03/25)
Part one of this two-part article surveys the landscape of US public pension fund screening of corporate social and environmental sustainability.
Caterpillar Bulldozes Shareowner Concern Over Aiding Alleged Israeli War Crimes (03/24)
Caterpillar faces a shareowner resolution as well as a lawsuit filed by the family of peace activist Rachel Corrie that cites the Nuremberg Tribunal as precedent in alleging war crime complicity.
Coffee, Tea, or . . . Liqueur? Pax World Alcohol Screen Forces Reluctant Divestment from Starbucks (03/23)
While Pax World applies a zero tolerance alcohol screen, other socially responsible investment firms set thresholds for retailers based on the percentage of revenues derived from alcohol sales.
Faith-Based and Environmentalist Shareowners Withdraw Climate Change Resolutions at Six Companies (03/22)
The six oil and gas companies commit to measure, mitigate, and disclose data related to global warming, and evangelicals join their faith-based compatriots in concern over climate change.
Wanted: Socially Responsible Real Estate Investments (03/18)
An academician searches for socially responsible real estate investment trusts, finding few that fit the definition, as well as disagreement over what criteria define SRI REITs.
EPA Expands Program Recognizing Corporate Environmental Performance (03/17)
Environmental Protection Agency Performance Track Program certifies a new crop of company facilities, honors company-wide performance, and serves as an indicator for SRI research.
Not Just for Corporations: Six Microfinance Banks on Three Continents Use GRI Guidelines (03/16)
Microfinance institutions in Africa, Asia, and South America are issuing sustainability reports using Global Reporting Initiative guidelines, as are other non-corporate entities such as GRI itself.
US Representatives Introduce Anti-Predatory Mortgage Lending Bill (03/15)
The bill, based on an effective North Carolina anti- predatory lending law, and is supported by anti-predatory lending activists such as the Center for Responsible Lending and Fair Finance Watch.
A Mainstream Investment Strategist Comes Home to Socially Responsible Investment (03/11)
Adam Seitchik views his move from Deutsche Asset Management, where his team managed $60 billion in assets, to Trillium Asset Management, which manages around $1 billion, as upward mobility.
Biting the Hand That Feeds: Mutual Fund Ties to Corporate Clients Can Affect Proxy Voting (03/10)
Study reveals that individual mutual fund firms do not alter proxy voting whether companies are clients or non-clients, but fund firms with more clients tend to vote and adopt voting policies favoring management.
Taco Bell Agrees to Pay Florida Tomato Pickers A Penny More Per Pound to End Boycott (03/09)
Shareowner activists will also withdraw their resolution if parent company Yum! Brands agrees to join agricultural supply chain working group to address industry-wide reform.
Comparing Citigroup and JP Morgan Chase Policies: Which Stems Illegal Logging in Indonesia? (03/08)
Before providing funding, financial institution policies requiring documentation certifying legitimate timber sourcing may help promote sustainable logging in Southeast Asia.
Campaign to Enhance Pharma Industry Accountability Broadens Shareowner Action (03/04)
The Interfaith Center on Corporate Responsibility sent letters to over 2,750 institutional investors seeking support for three resolutions filed at nine pharmaceutical companies.
Community Credit Union Brings Hope to Low-Income Residents of the Mississippi Delta (03/03)
Hope Community Credit Union launched a $15 million initiative supported by corporate investment and New Markets Tax Credits to promote economic justice in the Mid-South.
Carrots and Sweets: Tying Executive Remuneration to Extra-Financial Performance Indicators (03/02)
A report from Henderson Global Investors and Universities Superannuation Scheme finds incentives for extra-financial performance tied to short-term instead of long-term indicators.
MMA Praxis International Fund Buoyed by Strong Performance in Global Markets (02/25)
Growth is concentrated in sectors and companies that are excluded by social and environmental screens.
Tale of Two Reports: Sustainability Yearbook Compares Extra-Financial to Financial Reporting (02/24)
Published jointly by Sustainable Asset Management and PricewaterhouseCoopers, the yearbook shows how adding extra-financial data to a financial report increases buy recommendations.
Web Design, Lobbying Disclosure Fuel Co-Operative Bank Win of UK Sustainability Reporting Awards (02/23)
The award judges distinguished between sustainability and corporate social responsibility reporting, noting that many reports identifying themselves as the former (which are more rigorous) were actually the latter.
Book Review--Corporations and the Public Interest: Guiding the Invisible Hand (02/22)
Steve Lydenberg eloquently describes corporate social responsibility and socially responsible investment, fields in which he is an expert, and recommends mechanisms to fuel their trajectories.
Binding Resolutions and Coordination Circumvent Structural Limitations of Shareowner Action (02/18)
A preview of the 2005 proxy season reveals tactics that challenge the systemic imbalance of power favoring corporate management and directors over shareowners.
Deafening Silence: Corporate Political Contribution Non-Disclosure Impacts Shareowner Value (02/17)
A Center for Political Accountability report documents corporate secrecy on political donations, and a Common Cause report reveals how mutual funds fail to support contribution transparency.
Bush Budget Ghettoizes 18 Community Development Programs, Slashing Their Funds (02/16)
Community development advocates criticize the proposed budget for fiscal year 2006, as the consolidated programs will have to compete with one another for a smaller pool of funds.
First Australian and Israeli Socially Responsible Investing Indexes Launched (02/15)
The Maala SRI Index goes live on the Tel Aviv Stock Exchange, and both the Australian SAM Sustainability Index and the RepuTex SRI Index will launch imminently down under.
Mixed Messages and Flip-Flops as the SEC Director Nomination Rule Stagnates (02/11)
While the SEC retracts its promise to allow shareowners to file director nomination resolutions, lawsuits secure shareowner rights to nominate directors.
Benchmarking Corporate Governance on Product Toxicity and Safer Alternatives (02/10)
The benchmark, released by the Rose Foundation today, addresses the scientific uncertainty of product toxicity through risk assessment and opportunity identification instead of inaction.
Academic Study Links Predatory Lending to Increased Risk of Foreclosure (02/08)
Prepayment penalties increase the risk of foreclosure by 20 percent, while balloon payments raise the risk to almost 50 percent, according to the University of North Carolina study.
Speaking From Both Sides of the Mouth: The Art and Science of Corporate Tax Avoidance (02/04)
Three reports--by a US tax watchdog, a pair of US academics, and a UK socially responsible investment firm--find troubling trends in corporate tax strategies.
Community Investment Surpasses the $1 Billion Mark at The Rock (02/03)
The Prudential Financial Social Investment Program, one of the oldest community investment programs in the country, has distributed more than $1 billion before its 30th anniversary.
List of Global 100 Most Sustainable Companies Highlights Alcoa, BP, and Toyota (02/02)
Canadian corporate social responsibility magazine Corporate Knights sponsored the list, which is based on sustainability ratings from Innovest Strategic Value Advisors.
Two Socially Responsible Investment Exchange Traded Funds Launch (02/01)
The iShares KLD Select Social Index Fund seeks broad diversification and low risk, while the PowerShares WilderHill Clean Energy Portfolio ETF invests in renewable energy companies.
Calvert Foundation Community Investment Notes Go Electronic (01/27)
For the first time, individual and institutional investors will be able to support community investment in the same way they transact most other investments--via computer.
Reigning In Raines on Bonuses Based on Earnings Before Restatements (01/26)
With restatements of financial earnings reaching record levels in 2004, the question arises whether executive bonuses based on incorrect earnings statements should be recalculated.
Book Review--Faith and Fortune: The Quiet Revolution to Reform American Business (01/25)
Fortune magazine writer Marc Gunther documents the growing link between spiritual values, which he defines broadly to include sustainability, and business conduct.
Pax World Tells Its Shareowners That Market Timers Hit Its High Yield Fund in 2003 (01/21)
In a letter to shareowners, Pax said it believes the market timing differed from the abusive forms associated with the mutual funds scandal and that shareowners did not suffer any material losses.
World Economic Forum Report Finds Decreasing Corporate Awareness and Response to AIDS (01/20)
The report also finds an increase in companies adopting HIV/AIDS policies, a trend confirmed by the Global Business Coalition on HIV/AIDS.
Monsanto $1.5 Million Fines for Genetic Engineering Bribe Illustrates Risks of GE Strategy (01/19)
The penalties, levied by the Securities and Exchange Commission and the Department of Justice, may lend credence to a shareowner resolution asking Monsanto to report on GE risks.
Enhanced Analytics Initiative Picks Sell-Side Brokerage Houses with Best Intangibles Research (01/18)
EAI awards seven firms and three runners-up for outstanding sell-side analysis of corporate social and environmental issues.
2004 Socially Responsible Investment Fund Performance (01/14)
Of the broadly-screened SRI mutual fund tracked by SocialFunds.com, two earned over 20 percent returns, and six others joined them in outperforming more than 80 percent of their SRI and non-SRI peer funds.
World Economic Forum and AccountAbility Report on Mainstreaming Responsible Investment (01/13)
The report, based on three roundtables convened by the report sponsors, is particularly illuminating in representing attitudes and perceptions toward social and environmental issues of roundtable participants from the mainstream investment community.
ConocoPhillips Bows Out of Arctic Power, Green Century Withdraws ANWR Resolution (01/12)
The oil company left the group lobbying to open the Arctic National Wildlife Refuge a year ago and neglected to inform resolution filers, who were nonetheless pleased with the development.
Top Five Socially Responsible Investing News Stories of 2004 (01/11)
Shareowner engagement shifted from confrontational to collaborative, sustainability analysis fused with financial analysis, and fiduciary duty expanded to include social and environmental issues.
Addressing the Israel-Palestine Conflict Through Shareowner Action and Selective Divestment (01/06)
Part two of this two-part article examines the Presbyterian Church USA's policy of "phased, selective divestment" and the Episcopal Church's decision to study the issue before responding.
To Divest or Not to Divest: Ethical Considerations of Addressing the Israel-Palestine Conflict (01/05)
Part one of this two-part article examines across-the-board divestment from companies profiting off Israeli policies that harm Palestinians, and the case against divestment.
Latin American Forest Products Company Illustrates Best Practice Sustainability Reporting (01/04)
Terranova issues its second Global Reporting Initiative-based sustainability report, exhibiting many exemplary practices such as stakeholder engagement and external verification.
Calvert First SRI Firm to Issue Global Reporting Initiative-Based Sustainability Report (12/30)
While many small-to-medium-sized enterprises consider sustainability reporting prohibitive, Calvert finds value in doing what it asks publicly traded companies to do.
Report Finds Bank Sector Assessment of Impact on Disadvantaged Communities Lacking (12/29)
AccountAbility and Business for Social Responsibility to apply their new assessment methodology to the pharmaceutical, agricultural, and extractive sectors next.
Bushwick Cooperative Federal Credit Union Democratizes Financial Service in Brooklyn (12/23)
This three-and-a-half year-old community development credit union fills the gap left vacant by formal sector financial institutions, empowering members through financial education.
Dell and Starbucks First Companies to Endorse Calvert Women's Principles (12/22)
The two companies publicly commit to implement the code in their business practices, setting a precedent for other companies to follow in promoting parity for women in business.
Book Review--Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems (12/21)
According to author Stuart Hart, sustainable global enterprise holds the key to reducing poverty, reversing environmental destruction, and even counteracting terrorism.
UNEP Report Takes First Steps Toward Understanding Slow Consumer Uptake of Sustainability (12/17)
While advancing interesting findings, the report is marred by lack of adequate documentation.
Unocal Alien Tort Claims Act Case Settlement Boosts Corporate Accountability (12/16)
Some interpret the settlement between the energy company and Burmese villagers as setting a practical precedent for holding companies responsible for indirect human rights abuses.
New Indexes Seek to Link Corporate Governance and Diversity to Financial Performance (12/15)
A DiversityInc index and joint FTSE-ISS indexes try to answer if diversity and corporate governance, respectively, correlate to financial outperformance.
Divesting from Genocide: More Conversation with Eric Reeves of the Divest Sudan Campaign (12/14)
In part two of this two-part interview, Mr. Reeves discusses the significance of actions by the investment and legislative communities to address the humanitarian crisis in Sudan.
Divesting From Genocide: A Conversation with Eric Reeves of the Divest Sudan Campaign (12/10)
In part one of this two-part interview, Mr. Reeves explains why shareowner action and direct dialogue with companies operating in Sudan is not an option in the context of genocide.
Corporations Fight to Keep Political Contributions in the Closet (12/09)
The Center for Political Accountability expands its campaign by advancing shareowner resolutions asking companies to disclose political donations and to provide a business rationale for them.
Two Reports Reveal Proxy Votes Rubber-Stamp Management Recommendations (12/08)
One finds the majority of top US mutual funds voting against climate change resolutions, the other finds contradictory proxy by Canadian pension fund managers.
Ford HIV Report Exemplifies New Shareowner Action Strategy (12/07)
Ford joins Coca-Cola, Cinergy, and others heeding shareowner resolutions requesting reporting on social and environmental issues, but it remains to be seen how far the strategy will extend.
Bhopal, Climate Change Require Shift From Legal Liability to Moral Accountability (12/03)
A report by SustainAbility examines how increasing legal liabilities are blending into moral liabilities, forcing companies to face social and environmental accountability.
Gap-Verite Collaboration Exemplifies Award-Winning Practice on Social Responsibility (12/02)
Verite wins a Social Capitalist Award for labor standards monitoring such as its work with the Gap, whose Social Responsibility Report earns a Social Reporting Award.
ICCR Spends World AIDS Day Preparing Shareowner Resolutions for Upcoming Proxy Season (12/01)
This year's resolution has expanded to cover operations in India and China as well as Africa, and ICCR is campaigning for pharma companies to provide better access to medicines for children.
FTSE4Good Raises the Bar With New Supply Chain Labor Standards Criteria (11/30)
Launched last week, the new criteria allow companies already in FTSE4Good indexes limited time to implement policies, systems, and eventually reporting on supply chain labor standards.
Enhanced Analytics Initiative Offers Sell-Side Analysts Cash to Cover Intangibles (11/23)
A group of European institutional investors launched EAI to encourage mainstream investment analysts to include issues such as corporate governance and climate change in their research.
Rating Corporate Sustainability: Behind the Scenes at Oekom Research (11/22)
SocialFunds.com visits Oekom Research to get a more in-depth look at corporate social and environmental sustainability research.
European Socially Responsible Investment Firms Let the Sun Shine In (11/19)
The European Social Investment Forum releases transparency guidelines covering seventeen socially responsible investment practitioners.
Book Review--The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits (11/18)
C. K. Prahalad seeks to solve global poverty by turning the bottom of the socioeconomic pyramid from victims of globalization into its beneficiaries through consumerism.
Integrating Sustainability at Xerox: A Talk with VP for Environment, Health, and Safety Jack Azar (11/11)
In part two of this two-part interview, Mr. Azar discusses how Xerox integrates sustainability into its policies and practices.
Zero Waste and Industrial Ecology: A Talk with Xerox VP for Environment, Health, and Safety Jack Azar (11/10)
In part one of this two-part interview, Mr. Azar discusses the history of waste-free policies and practices at Xerox.
Al Gore and David Blood Graft Sustainability Research into Traditional Investing Analysis (11/09)
The former US vice president and the former Goldman Sachs CEO launch a new investment firm whose research team fully integrates sustainability with fundamentals.
Sustainability Reporting Improves, But Falls Short on Linking to Financial Performance (11/05)
A new benchmarking survey correlates the top 50 corporate non-financial reports to credit ratings, but reports themselves fail to link financial and sustainability performance.
Paul Hawken Critiques Socially Responsible Investment: Is He On Target or Off Base? (11/04)
A Natural Capital Institute report criticizes SRI for lack of standards and transparency on screening and holdings for shareowner action.
Graphing Graft: Transparency International Finds Rampant Corruption in 60 Countries (11/03)
The tenth annual Corruption Perceptions Index highlights the acute problem of corruption in oil-rich countries.
How to Open Your Own Socially Responsible Investment Retirement Portfolio (11/02)
In this real-life profile, an SRI-oriented financial planner advises a 34 year-old woman how to transfer her non-SRI retirement account into a portfolio of SRI mutual funds.
Is CRA the Right Remedy for Race-Based Disparity in Mortgage Lending? (10/29)
A new study finds significant disparity between lending to minorities versus whites, but a Community Reinvestment Act expert questions the focus on CRA as the cure.
European Utilities Top Oekom Sustainability Rankings, US Utilities Crowd the Bottom (10/28)
Corporate sustainability rating firm Oekom Research rewards climate change mitigation and enhancing energy accessibility for the economically disadvantaged in its latest report.
SEC Decision on Shareowner Nomination of Corporate Board Directors Still Pending (10/27)
Supporters and opponents of the proposed SEC rule granting shareowner access to the proxy to nominate directors advance their causes while the rule languishes in limbo.
Moskowitz Prize Study Removes Doubt Over Link Between Strong Corporate Social and Financial Performance (10/26)
The study analyzes over 50 published studies on corporate social performance and corporate financial performance, and finds an unambiguous positive relationship.
Fonkoze Partners With Zanmi Lasante to Link Microfinance and Health in Haiti (10/22)
The largest microfinance institution in Haiti teams with a renowned community health provider to launch a new bank and hospital in a rural village.
Socially Responsible Investment Assets On the Up and Up Down Under (10/21)
The Ethical Investment Association in Australia reports that SRI assets have doubled in the three years it has been producing benchmarking surveys.
Are Electronic Components Producers Ready for Environmental Regulation? (10/20)
A Citizens Advisors study surveys 26 electronics components companies, and projects that many of them will be unprepared for European Union laws taking effect in 2006.
FDIC Proposes Rule Watering Down Community Reinvestment Act Requirements (10/19)
The SaveCRA.org website promotes opposition to the rule change, posting information and a sample letter to file with the FDIC before the end of the comment period tomorrow.
Abortion, Sexual Orientation Reveal Diversity of Socially Responsible Investment (10/15)
The umbrella of socially responsible investment encompasses a wide diversity of values, running the gamut from social progressivism to cultural conservatism.
Book Inspires Symposium on How Governance Codifies Excessive Executive Pay (10/14)
The book is written by Harvard Law Professor Lucian Bebchuk and Berkeley Law Professor Jesse Fried, and the Symposium is hosted by Columbia Law School.
Shell and BP Top Innovest CSR Ratings of Integrated Oil and Gas Companies (10/13)
Marathon and several companies operating in emerging markets sink to the bottom of the rankings of corporate social responsibility performers.
Calvert Fills Gap in Small- and Mid-Cap SRI Value Categories With Two New Funds (10/12)
The two new funds add diversification options to the socially responsible investment (SRI) palate.
Morningstar Grades Mutual Fund Governance, SRI Funds Rate Well (10/11)
Morningstar Fiduciary Grades find relatively few areas of weak performance for those socially responsible investment mutual funds rated.
Memo From: SRI Analysts To: Companies--Use GRI Sustainability Reporting Platform! (10/07)
A coalition of 17 socially responsible investment firms recommends that companies disclose social and environmental data using the Global Reporting Initiative.
Global Survey of Socially Responsible Investment Finds Information Lacking (10/06)
Questionnaire respondents express frustration over the reliability of social and environmental information on their SRI holdings, and financial planner ignorance of SRI.
Disclosure: How SEC Proxy Voting Rules May Shift the Definition of Fiduciary Duty (10/05)
Will mandatory disclosure of mutual fund proxy voting records drive change in the general definition of fiduciary duty, or will the principle of undivided loyalty prevent this development? Part two of a two-part article.
Fiduciary Duty, Undivided Loyalty, and Socially Responsible Investment Performance (10/01)
Does the principle of undivided loyalty preclude fiduciaries from practicing SRI, or will competitive SRI financial performance shift the definition of fiduciary Duty? Part one of a two-part article.
Apple Added, Time Warner and Petro-Canada Deleted from FTSE4Good Index Series (09/30)
The biannual review of FTSE4Good constituents resulted in the addition of 79 companies and the deletion of 23.
Blueberries, Bats, and Barns: How Community Investing Aids Small Family Farms (09/29)
The Community Investing Program of the Social Investment Forum and Co-op America honors nine community investment organizations for assisting small family farms.
Material Risks of Genetic Engineering Undisclosed by Food Companies, Report Says (09/28)
A survey of the 35 largest food processors finds only two mentioning genetic engineering risks in their annual reports, and none analyzing these risks.
Institutional Investors Can Now Hedge Climate Risk With New Investment Strategy (09/24)
The strategy combines the investment algorithms of State Street Global Advisors with an environmental overlay from Innovest Strategic Value Advisors.
As Socially Responsible Investment Grows in Japan, FTSE4Good Launches New Index (09/23)
Following on the introduction of the first SRI index by Morningstar Japan last year, FTSE4Good unveils the second SRI index covering the Japanese market exclusively.
EHS Auditors Slow to Take Up GRI (09/22)
Part two of this two-part article addresses changes Environmental, Health & Safety auditors are making in response to the Global Reporting Initiative.
Sarbanes-Oxley Moves EHS Auditing From the Backroom to Boardroom (09/21)
Part one of this two-part article addresses changes Environmental, Health & Safety auditors are making in response to Sarbanes-Oxley; part two addresses changes prompted by the Global Reporting Initiative (GRI).
SEC Asked to Let the Sun Shine on Corporate Political Contributions (09/17)
A group of state and city treasurers and a watchdog group sent letters to the Securities and Exchange Commission requesting mandatory political contributions disclosure.
Report Advocates Breaking Down Barriers to Global Corporate Sustainability Reporting (09/16)
An Association of Chartered Certified Accountants and CorporateRegister.com report tracking sustainability reporting worldwide finds its growth hampered by obstacles.
About Face: Cintas Settles Lawsuit and Supports Vendor Standards Resolution (09/15)
In his apology, Tim Smith of Walden Asset Management highlights the need for accurate information, which Cintas promises to supply in the report requested by the resolution.
Conference Promotes Sustainability Through Corporate Collaboration (09/14)
The Society for Organizational Learning (SoL) Business Innovation for Sustainability Forum calls for cooperation amongst companies as well as with stakeholders.
New Web Tool Identifies Climate Risk and Opportunity in 24 Biggest Mutual Funds (09/10)
KLD Research & Analytics information reveals both positive and negative corporate performance on climate change, allowing retail investors to lobby their mutual funds.
First Alternative Energy Index Spawns Exchange Traded Fund (09/09)
The WilderHill Clean Energy Index, published by the American Stock Exchange, will serve as the basis for an exchange traded fund from PowerShares Capital Management.
Book Review--Corporate Social Opportunity: Seven Steps to Make Corporate Social Responsibility Work for Your Business (09/08)
Book provides extensive real-world examples and hypothetical scenarios to help business people transform corporate responsibility from risks to opportunities.
Dow Jones Sustainability Indexes Add General Electric and Drop Electrolux (09/03)
The annual change in the DJSI is based on recent assessment of corporate economic, environmental and social performance.
As Mutual Funds Prepare to Reveal Proxy Votes, Guideline Disclosure Acts as Acid Test (08/25)
Investor-friendly website accessibility to mutual funds' proxy voting guidelines may signal proxy voting record accessibility and investor-friendly proxy voting.
Got Water? Report Recommends Solutions for Businesses To Address Water Scarcity (08/24)
A new Pacific Institute report outlines the impacts on business of water scarcity, and offers ten steps companies can take to help solve these problems.
Tax Cuts Slash Google IPO Capital Gains Payments to $11 Million (08/20)
A new report uses the Google initial public offering to illustrate how tax cuts reward individuals while robbing programs supported by taxes that incubate business success.
US Banks Criticized for Involvement in China State Bank Bonds (08/19)
Nongovernmental organizations and socially responsible investing firms criticize US banks for selling Chinese bonds that fund socially and environmentally problematic projects.
First and Largest International Microfinance Bond Issued (08/18)
Grameen Foundation USA joins forces with two socially responsible investment firms to issue a $40 million bond to support microfinance institutions in nine developing nations.
Handbook Reports on Sustainability Practice in South Africa (08/17)
Trialogue and the African Institute of Corporate Citizenship join forces to create a comprehensive text placing South African sustainability practice in a global context.
How Do SRI Firms Walk Their Talk When It Comes to Corporate Social Responsibility? (08/13)
Socially responsible investment firms take particulars such as scale and sector into account in their CSR expectations at the companies they own and in their own operations.
Accuracy of Dow Chemical Statements and SEC Filings Questioned (08/12)
On behalf of two socially responsible investment firms, an environmental attorney asks the SEC to probe the factuality of public statements and filings made by Dow Chemical.
The Value of Transformation: The Catholic Equity Fund (08/11)
After transforming itself from three actively managed funds into one index fund, the Catholic Equity Fund works to transform corporate practice through shareowner advocacy.
CRAFund Goes Retail (08/10)
Formerly available only to institutional investors, the Community Reinvestment Act Qualified Investment Fund is now available to individuals through Charles Schwab.
Climate Change a Nuisance? Nine State and City Attorneys General Bet a Lawsuit On It (08/06)
The first climate change lawsuit against corporations, aimed at the top five US carbon dioxide emitters in the utility industry, cites federal common law on public nuisance.
Microcredit Development Fund Helps Transform Household Scraps into Sustainable Entrepreneurship (08/05)
The Deutsche Bank Microcredit Development Fund seeks to alleviate poverty worldwide by helping microfinance institutions grow to scale and achieve sustainability.
Can Corporate Social Responsibility Put the Brakes on HIV in Africa? (08/04)
A field report from Africa by Dan Rosan of the Interfaith Center on Corporate Responsibility.
Stakeholder Engagement, Verification, and Transparency in ISO Social Responsibility Standards: An Interview with ISO Secretary-General (08/03)
International Organization for Standardization Secretary-General Alan Bryden discusses these issues and more in the final installment of this three-part interview article.
ISO and Social Responsibility--A Closer Fit Than You Might Think: An Interview with ISO Secretary-General (07/30)
International Organization for Standardization Secretary-General Alan Bryden discusses divergences and convergences of ISO technical standards with social responsibility guidelines (part two of a three-part article).
Answering the Market Call for Social Responsibility Standards: An Interview with ISO Secretary-General (07/29)
International Organization for Standardization Secretary-General Alan Bryden discusses the history and implications of ISO's new social responsibility standards (part one of a three-part article).
Keeping Score: The Mathematics and Linguistics of the World Bank Extractive Industries Review (07/28)
World Bank Group management and socially responsible investors interpret EIR recommendations differently.
Book Review--Raising the Bar: Creating Value with the United Nations Global Compact (07/27)
Primarily a guidebook for companies to navigate Global Compact participation, the book also reports on a study suggesting a Global Compact market premium.
Sell-Side Analysts Confirm the Materiality of Sustainability Issues in UN Report (07/23)
A United Nations Environment Programme Finance Initiative report documents belief in the materiality of corporate social responsibility issues by 11 brokerage houses.
House Votes to Kill Mandatory Expensing of All Stock Options, Sending Bill to Senate (07/22)
The House's passage of the Stock Option Accounting Reform Act reverses Sarbanes-Oxley's commitment to protect independence of FASB as the arbiter of accounting rules.
Two Socially Responsible Investing Funds Generate Double-Digit Year-to-Date Returns (07/21)
The Ariel Fund and the Pax World Growth Fund perform well in the first half of this year.
Assets in CDFIs Grew Twice as Fast as Those in Commercial US Banks (07/20)
A new study of community development financial institutions highlights several key distinctions between CDFIs and mainstream financial institutions.
Senate Calls on the SEC to Enforce Environmental Disclosure Regulations (07/16)
A series of reports issued at a Senate symposium detail how insufficient disclosure of environmental liabilities results from lack of SEC enforcement.
Harvard Study Correlates Staggered Boards With Lower Shareowner Value (07/15)
Evidence presented in the study suggests that staggered boards do not simply reflect lower firm value, but rather that they bring about lower firm value.
How HIV/AIDS Impacts Corporations, and How Corporations Can Impact HIV/AIDS (07/14)
The World Economic Forum and the International Labor Organization report on the impact of HIV/AIDS on business, but will companies respond by addressing HIV/AIDS?
The Responsible Summer Reading List (07/08)
Fifteen recommended books on corporate sustainability and our general welfare
Trends in Sustainability Reporting (07/06)
Part two in this two-part article looks at how the present trends in sustainability reporting project into the future.
Does Supreme Court Validation of Alien Tort Claims Act Apply to Corporations? (07/01)
Human rights organizations say yes, lawyers representing corporations in ATCA cases say no, but the Supreme Court opinion itself remains vague on the issue.
How Sustainable Is the Asia Pulp & Paper Sustainability Action Plan? (06/30)
WWF Indonesia calls off its partnership with Asia Pulp & Paper after the company fails to implement commitments to end sourcing of illegal timber (part three of a three-part article.)
Calvert Group Launches Code for Corporations to Profit by Promoting Gender Equality (06/29)
Calvert links equality for women to sustainable development, making the ethical and business cases for implementing its corporate code of conduct for empowering women.
Community Investment Benefits Middle Income Earners in Los Angeles (06/25)
The Genesis Workforce Housing Fund develops the first institutional investor-backed project promoting home-ownership for middle-income earners in the US.
Indonesian Forestry and International Finance Move Toward Sustainability (06/24)
A profile of Asia Pulp and Paper and ABN AMRO focusing on their efforts to reverse environmental, social, and financial devastation through sustainable practices (part two of a three-part article).
How Unsustainable Forestry Practices in Indonesia Impact Sustainable Practice in the US (06/23)
Part one of a three-part article exploring the complex global relationship between sustainable and unsustainable forestry practices.
Auditing Sustainability Reporting (06/21)
As sustainability reporting increases in significance, so too does the auditing of it.
Report Finds CSR Policies on the Rise in Asia, Europe, and North America (06/18)
University of Hong Kong survey overturns some assumptions about the development and prevalence of corporate social responsibility policies.
Book Review--Profits With Principles: Seven Strategies for Delivering Value with Values (06/17)
Pertinent case studies that illustrate corporate social responsibility best practice abound in this well-structured and well-written book.
Community Investment Institutions Managed By and Benefiting African Americans (06/16)
Generations Community Credit Union, Carver Bancorp, and UrbanAmerica are three African American managed community investment institutions.
Rule Proposal Requires Canadian Mutual Funds To Disclose Proxy Votes and Guidelines (06/15)
New Canadian Securities Administrators rule closely resembles the US Securities and Exchange rule.
The Emergence Story Behind Indigenous Peoples Rights Screens (06/10)
Socially responsible investment firms also engage in shareowner action on indigenous peoples rights issues.
Governance Overhaul: An Interview with Tyco Corporate Governance VP Eric Pillmore (06/09)
Mr. Pillmore speaks candidly with SocialFunds.com about rebuilding reputation and trust, engaging stakeholders, and increasing transparency.
US Socially Responsible Investment Indexes Diverse in Style, Study Says (06/08)
A study presented at a recent socially responsible investment conference finds variability in US SRI index construction.
Are the Equator Principles Sincere or Spin? (06/04)
A report calls into question whether signatory banks are complying with the Equator Principles.
Sarona Supports Microfinance To Help Alleviate Poverty in Developing Regions (06/03)
The Sarona Global Investment Fund finances starch processing in Paraguay, a foundation supporting small enterprises in Romania, and a savings and loan cooperative in Haiti.
New SRI Index Optimizes Social and Environmental Performance and Controls Risk (06/02)
The KLD Select Social Index caters to institutional investors by underweighting companies with weak social and environmental performance instead of excluding them.
UK Prepares To Mandate Environmental and Social Reporting (05/28)
Proposed guidelines for Operating and Financial Review reports require British company directors to discuss the effects of social and environmental issues on business.
ExxonMobil Mocks Climate Change, Maine Treasurer Finds It No Laughing Matter (05/27)
Senior management remains resolute in its disbelief of climate change risk.
New Bank of America Policy Sets Best Practice on Climate Change in US Bank Sector (05/26)
Environmentalist organization Rainforest Action Network helps usher Bank of America into the vanguard of US banks improving their environmental responsibility.
Baker & McKenzie Paper Concludes Social Investing Consistent with Fiduciary Duty (05/21)
The opinion of a major US corporate law firm sets the bar for the fiduciary case for SRI.
Companies Ignore Majority Votes on Shareowner Resolutions (05/20)
Some high-profile companies are taking advantage of the non-binding nature of shareowner resolutions.
Carbon Disclosure Project Report and Greenhouse Gas Protocol Release Second Editions (05/19)
Climate change initiatives get a significant boost this month with the release of two revised editions of a report and a protocol for addressing global warming.
Matchmaker Boosts FDIC Limit to $5 Million for Community Development Banks (05/18)
A new system allows community development banks to trade portions of deposits, upping the amount covered by the Federal Deposit Insurance Corporation to $5 million.
Shareowner Resolution Withdrawn as JP Morgan Chase Addresses Environmental Risks (05/14)
A group of socially responsible investment advocates withdrew a shareowner resolution from JP Morgan Chase when the company established an office of environmental affairs.
Dell First US Computer Company to Commit to a Global Recycling Goal (05/13)
In its 2004 Sustainability Report, Dell commits to increase its fiscal year 2005 computer recycling 50 percent over fiscal year 2004 levels.
ChevronTexaco Faces Class-Action Lawsuit in Ecuador Over Environmental Damage (05/11)
A resolution asking ChevronTexaco to report on new initiatives to address its legacy of environmental damage in Ecuador gained nine percent support from shareowners.
Daiwa Launches Japan's Newest Socially Responsible Investment Fund (05/07)
The new Daiwa SRI Fund will focus not only social and environmental issues, but also corporate integrity, ethics compliance, and transparency.
Avon Shareowners Withdraw Two Resolutions Before Annual Meeting (05/05)
Avon agreed to hold annual board of director elections and to phase out phthalates from its products, prompting shareowners to withdraw their resolutions on these two issues.
Three More Companies Address Climate Risk, So Shareowners Withdraw Resolutions (05/04)
Shareowners withdrew climate change resolutions at Southern Company and TXU, which agreed to issue reports, and at Reliant, which agreed to expand disclosure.
Jewish Institutional Investors Form Shareholder Engagement Network (04/30)
The Jewish Shareholder Engagement Network is based on the notion that Jewish tradition supports such shareowner action as active proxy voting and dialogue with companies.
First-Year Resolution on HIV/AIDS Garners Significant Support at Pharmaceuticals (04/29)
The HIV/AIDS pandemic threatens human life and shareowner value, according to a shareowner resolution filed at companies in the pharmaceutical, oil, and beverage sectors.
Sustainability Report Awards Reward Disclosure on Environmental, Social Performance (04/28)
Canada-based Suncor and Dofasco, Texas-based Dell and Kinko's, and Michigan-based Ford win sustainability reporting awards from CERES and ACCA.
The Diversity of Diversity Best Performance Rankings (04/27)
A comparison of the DiversityInc list of the top 50 companies for diversity and a report from Diversity Best Practice and Business Women's Network that reviews 45 such lists.
Community Foundations and Community Investment: An Obvious But Underused Link (04/23)
The Vermont Community Foundation recently broke new ground by launching a first-of-its-kind community investment program with the support of the Calvert Foundation.
Forget Sit Ins: Student Activists Now Promote Socially Responsible Investment (04/22)
Students and alumni from 22 prestigious colleges and universities launch the Responsible Endowment Coalition to urge schools to practice socially responsible investing.
Tyco Recommends Vote in Favor of Shareowner Resolution, Joining Three Others (04/21)
While companies routinely recommend voting against shareowner resolutions, four companies so far this proxy season have bucked this standard approach.
Women Directors Rare Even in Developed Economies, According to First Global Study (04/20)
A UK-based socially responsible investment research firm study of companies in global developed economies finds only seven percent of board seats occupied by women.
Thirteen Pension Funds Call on SEC to Require Disclosure on Climate Change Risk (04/16)
Institutional investors ask the Securities and Exchange Commission to issue a clarification that climate change is a material risk which must be disclosed in filings.
Oekom Rates Food and Beverages Industry Average in Sustainability Performance (04/15)
The example of Starbucks illustrates how Oekom Research rates food and beverage companies as average performers in social and environmental sustainability.
Stock Option Dilution Rose But Granting Slowed in 2003, Anticipating Mandatory Expensing (04/14)
Right after the Financial Accounting Standards Board called for mandatory option expensing, the Investor Responsibility Research Center released its yearly dilution study.
Book Review--The Best Business Stories of the Year: 2004 Edition (04/09)
Ethics, disclosure, labor relations, executive compensation, and insider trading are among the topics related to socially responsible investment in this collection of business articles.
Social and Environmental Best Practice Linked to Financial Outperformance in Electric Sector (04/08)
Innovest releases another sector report correlating progressive social, environmental, and governance practices and policies with financial outperformance.
Socially Responsible Investment Runs the Gamut on Animal Welfare and Testing (04/07)
Investors who prioritize respect for animals have a range of options, from funds that use shareowner action alone to specialty SRI firms with stringent animal welfare screens.
Nuke Producer GE Energy Buys Solar Producer AstroPower (04/06)
The GE Energy buyout of AstroPower represents a Catch 22 for social investors, who generally seek to support renewable energy but screen GE for its nuclear production.
Diversifying Asset Allocation in Socially Responsible Individual Retirement Accounts (04/05)
Diversifying in SRI IRAs can be challenging, as asset allocation in retirement accounts has few steadfast guidelines.
Into Africa: The Paradox of Socially Responsible Investing in the Developing Continent (04/01)
To support sustainability in Africa, social investors can invest directly outside the SRI community, or else they can pursue community investment and shareowner action.
Wisconsin Energy Reaps External and Internal Benefits from Social and Environmental Reporting (03/31)
Wisconsin Energy won accolades for its Global Reporting Initiative-based report, which also raised internal awareness of social and environmental performance.
A Passage to India: Report Asks If BT Offshoring Is Socially Responsible (03/30)
A recent report by SustainAbility assesses whether offshoring and corporate social responsibility are compatible, focusing on the case of British Telecom.
Philips Extends Sustainability Expectations to Suppliers, Including Child Labor Ban (03/29)
In its 2003 Sustainability Report, Philips Electronics introduced provisions requiring its 50,000 suppliers worldwide to practice social and environmental sustainability.
Business Group Links Social and Environmental Performance with Shareowner Value (03/25)
A recent Global Environmental Management Initiative report adds to the growing body of evidence correlating social and environmental performance with shareowner value.
Social Investors Urge World Bank to Adopt Extractive Industries Review Proposals (03/23)
If adopted by the World Bank, EIR recommendations could serve as a social and environmental best practice benchmark for oil, gas, and mining companies.
Corporate Social and Environmental Performance Varies Widely Across Far-East Asia (03/19)
A Kingsway survey finds differences in cultural norms and government policies in East Asian countries dictate diverse corporate social and environmental performance.
Occidental To Adopt Formal Human Rights Policy, Shareowners Withdraw Resolution (03/18)
Successful shareholder action results in steps towards Occidental formalizing its human rights policy.
MMA Praxis Eliminates Soft Dollar Arrangements (03/17)
MMA Praxis joins Domini in disavowing soft dollar use; other socially responsible investment firms continue the practice within legal limits while some consider cessation.
Starbucks Provides Loan Capital for Coffee Farmers (03/16)
Starbucks is providing a $1 million loan to the Calvert Foundation to support microfinance to Latin American coffee farmers, and it answers critics of its Fair Trade commitment.
Corporate Responsibility Index Launched in Australia (03/12)
A coalition of nonprofit, media, and accounting organizations recently introduced the first index to measure corporate social responsibility in Australia.
Socially Responsible Index Funds: Passive Management Means Less Expense (03/11)
SRI index funds offer competitive performance with lower expense compared to actively managed SRI funds.
Disney Vote and California Bill May Affect SEC Shareowner Director Nomination Rule (03/10)
The significant withhold vote at Disney and a bill being considered by the California State Legislature may have a bearing on the SEC's proposed rule on shareowner director nominations.
Report on SRI Research Organizations Characterized as Valuable But Also Controversial (03/09)
A recent report from SustainAbility, onValues, and Mistra provides valuable insight on SRI research organization methodologies but lacks some needed transparency.
Welcome to the Jungle: CSR Questionnaire Incompatibility Hampers Applicability (03/05)
A Nordic Partnership report finds wide variance in questions posed in corporate social responsibility surveys, calling into question their comparability and applicability.
Report Urges Foundations to Vote Their Proxies (03/04)
Surprisingly few foundations regularly vote their proxies, according to a new report written by the As You Sow Foundation, an advocate of active proxy voting.
Students Call for More Disclosure on University Hedge Fund Investments (03/03)
Frustrated by the opacity of universities' hedge fund investments in terms of their social and environmental impacts, students request dialogue with hedge fund firm.
Piper Jaffray Consulting Division Marries Best Asset Managers with Customized Social Screening (03/02)
Socially responsible investment consultant can apply social screens to best asset managers, even if they do not usually practice SRI.
Critics Challenge Christian Aid Report as Biased, Cynical, and Inaccurate (02/27)
Part two of this two-part article considers defenses of corporate social responsibility against attack by a recent Christian Aid report.
Report Favors International Regulation Over Voluntary Corporate Social Responsibility (02/26)
A recent report by Christian Aid argues against the voluntary aspect of CSR and for international regulation. Part one of this two-part article discusses support for the report; part two presents criticism of the report.
Study Finds Loans to Low-Income Borrowers No More Risky than Conventional Loans (02/25)
Research released yesterday finds that community development financial institutions serving low-income clients have a lower rate of loan write-offs than mainstream banks.
Five Companies Comply with Terms of Shareowner Resolutions in One Week (02/24)
In less than seven days, Dover, Masco, Cinergy, AEP, and Bank of Montreal all abided by the requests of investors, a major achievement for shareowner action.
Fifth Third Bank Shareowners To Decide on Sexual Orientation Non-Discrimination Policy (02/20)
In an unusual move, Fifth Third Bank is leaving it up to its shareowners to decide by their proxy vote whether or not the company will adopt a sexual orientation non-discrimination policy.
Moving From the Business Case for SRI and CSR to the Fiduciary Case (02/19)
The business case for socially responsible investing and corporate social responsibility may not drive individual investors, but the fiduciary case engages institutional investors.
Book Review--What Matters Most: How a Small Group of Pioneers is Teaching Social Responsibility to Big Business, and Why Big Business is Listening (02/13)
Seventh Generation CEO Jeffrey Hollender relates the historical development of socially responsible business, revealing its interconnections and assessing its pros and cons.
CRA Fund Helps Transform Environmental Liabilities Into Social Assets (02/12)
The CRA Fund supports environmental remediation of brownfield sites, helping transform them into socially beneficial projects.
Cintas Defamation Suit Challenges Shareowner Free Speech Rights (02/10)
Cintas files a defamation lawsuit against Tim Smith of Walden Asset Management for alleging that the company uses sweatshop labor in Haiti.
California Treasurer Proposes Environmental Screening for State Pension Investments (02/06)
California Treasurer Phil Angelides pitches the Green Wave Initiative to CalPERS and CalSTRS, the state's huge pension funds, asking them to support green investments.
The Leviticus Fund Helps Shelter the Homeless and Provide Care for Children (02/05)
In its third decade, the Leviticus 25:23 Alternative Fund lending program continues to grow and now offers a return for social investors.
Meritas Launches First Canadian SRI Rebalancing Fund of Funds (02/04)
The Meritas Balanced Portfolio Fund uses Modern Portfolio Theory to build a single fund that balances asset allocations between its five existing funds.
ExxonMobil Contributed Five Percent of Global Greenhouse Gas Emissions in Last 120 Years (01/30)
Friends of the Earth releases two studies that attribute one twentieth of global climate change to ExxonMobil. The company questions these findings, as it questions climate change.
French SRI Assets and Funds Grow in 2003 (01/29)
Novethic documents growth in the number of socially responsible investing funds available in France, as well as the amount of SRI assets under management.
Study Dissects SRI Performance by Different Social and Environmental Factors (01/28)
A Pictet study correlates financial performance with specific aspects of socially responsible investment, such as corporate governance and stakeholder relations.
Restatements of Annual Filings Continue to Rise (01/27)
While restatements of annual filings are still increasing, overall restatements, including quarterlies, are starting to taper off, according a summary report by Huron Consulting.
Community Investment Advocates Question Bank of America/FleetBoston Merger (01/23)
Bank of America is responding to critics of its proposed merger with FleetBoston.
Book Review--The Corporate Responsibility Code Book (01/22)
This book is no thriller, but it is indispensable for anyone seeking to grasp the complex landscape of the multitudinous tools that measure corporate social responsibility.
Sarbanes-Oxley Fails to Kill Corporate Insider Loans, Some of Which Pay Posthumously (01/21)
A new study from The Corporate Library documents the prevalence of insider loans, and the persistence of benefits beyond the grave.
The Rashomon Effect: Why Do Innovest and Oekom Rate Toyota's Environmental Performance So Differently? (01/20)
A Japanese film may help investors understand the discrepancy between the environmental ratings of Toyota by Innovest and Oekom.
Gazing in the Crystal Ball: 2004 Preview of Socially Responsible Investing Performance (01/16)
An overview of the trends that may affect SRI performance in the year ahead, among other issues to mull over when considering socially responsible investment.
SRI Domestic Equity Funds Edged Out By Their Non-SRI Counterparts in 2003 (01/15)
Socially responsible investment domestic equity mutual funds slightly lagged their non-SRI counterparts, while the Calvert Social Index outpaced the S&P 500 for the year.
Book Review--True to Our Roots: Fermenting a Business Revolution (01/14)
Paul Dolan, president of Fetzer Vineyards, promotes sustainable business practices by relating his personal transformation committing to organic growing practices.
World Economic Forum Survey Projects Mainstreaming of Corporate Citizenship (01/13)
The report credits socially responsible investing, among other trends, for influencing mainstream investors to take corporate citizenship more seriously.
Robert Zevin, a Father of Socially Responsible Investing (01/09)
Robert Zevin helped establish socially responsible investing by fusing traditional investment theory with social justice advocacy, among many other achievements.
Shareowner Resolution Calls Costco on Cultural Crimes in Mexican Site Development (01/08)
Shareowners express concern that Costco, which demolished a culturally significant site in Mexico to build a store, may be demolishing its reputation in the process.
Film Depicts Environmental and Social Reporting Disappearing in SEC Black Hole (01/07)
A documentary film by environmental attorney Sanford Lewis reveals the SEC's failure to enforce its rules requiring companies to disclose environmental and social liabilities.
Many Companies Cannot Verify Whether Their Palm Oil Is Produced Sustainably (01/06)
An ISIS Asset Management report finds that few companies can trace the source of their palm oil up their supply chain to confirm whether or not it is produced sustainably.
Book Review--The Company: A Short History of a Revolutionary Idea (12/31)
This new book betrays the promises of its title except in its brevity, according to Peter Kinder, president of KLD Research and Analytics.
The Evolution of Business for Social Responsibility: A Talk with BSR CEO Robert Dunn (12/30)
In a SocialFunds interview, Business for Social Responsibility CEO Robert Dunn discusses how BSR has evolved while CSR has matured over the past decade.
‘Tis the Season to Bar Sexual Orientation Discrimination (12/26)
The New York City Employees Retirement System files a shareowner resolution asking 11 Fortune 500 companies to explicitly bar sexual orientation discrimination.
Underreporting of Material Environmental Liabilities Persists (12/23)
Despite clear documentation of the problem, multiple solutions proposed, and petitioning to enhance enforcement, corporate underreporting of material environmental liabilities continues.
Top Five Social Investing News Stories of 2003 (12/19)
The major social investing news stories of the year include SEC reforms, stock exchanges mandating social, environmental, and corporate governance practices, and climate risk assessment defined as a fiduciary duty.
2004 Proxy Season Glimpse: HIV/AIDS Shareowner Campaign Shifts from Conflict to Collaboration (12/18)
The 2004 proxy season has commenced with an instance of cooperation between a company and its shareowners (Part two of a two-part article.)
2003 Proxy Season Roundup: Shareowner Action Success Measured On and Off the Record (12/17)
While the 2003 proxy season produced some impressive numbers, shareowner advocates also define success in ways that are not easily quantifiable (Part one of a two-part article.)
Board Pay, Board Say (12/16)
Two new reports assess the past year for directors of corporate boards, examining issues such as director pay, workload, and independence.
Book Review--How Does it Pay to Be Green? (12/12)
An empirical study finds a positive relationship between environmental and economic performance when environmental strategies are factored into business decisions.
Women Sit in Less Than a Seventh of Fortune 500 Board of Director Seats (12/11)
According to a new Catalyst report, women will inhabit less than a quarter of Fortune 500 board director seats by 2023, though regulations and shareowner action may change this.
US Community Investment Assets Nearly Double Over the Past Two Years (12/10)
Community development financial institution assets rise 84 percent from 2001 to 2003, making community investment the fastest growing segment of socially responsible investing.
Watchdog Fund Established to Take a Bite Out of Corporate Governance Malfeasance (12/09)
The new investment vehicle is part mutual fund, part shareowner advocate, and part hedge fund.
Morgan Stanley Study Correlates Sustainability with Financial Outperformance (12/05)
Morgan Stanley's joint study with Oekom Research finds that sustainability leaders in the MCSI World Index financially outperformed sustainability laggards over the past four years.
From Pallet Shacks to Cinderblock Homes: Microfinance Loans on the Mexican Border (12/04)
CHF/Mexico addresses an acute housing shortage by providing technical assistance and affordable loans to low-income families.
Two New Real Assets Funds Attract $25 Million in Their First Two Months (12/03)
The Real Assets Social Leaders Fund and Social Impact Balanced Fund are off to a flying start, re-invigorating social investing in Canada.
Book Review--The Sustainable Company: How to Create Lasting Value Through Social And Environmental Performance (12/02)
A new book makes the business case as well as the moral case for sustainability through socially and environmentally responsible business practices.
UN Institutional Investor Summit Considers Opportunities of Addressing Climate Change (11/26)
Institutional investors make the business case and investment case for assessing, reporting, and mitigating climate change in a summit at the UN (part two of a two-part article).
Institutional Investors Send Wall Street Wake-Up Call to Address Climate Risk (11/25)
At a UN Summit, state treasurers and other institutional investors issue a ten-point call for action for companies, investment analysts, and fiduciaries to address climate risk (part one of a two-part article).
Carmakers and Carbon Constraints: Who Will Capitalize and Who Will Cave? (11/20)
A new report assesses ten auto companies’ relative readiness for reduced carbon emissions and increased fuel efficiency regulations in Japan, the EU, and the US.
Australian SRI Funds Outperform Their Benchmark Over the Short- and Long-Term (11/19)
A new AMP Henderson report finds Australian socially responsible investing outperforms the S&P/ASX 200 over one-, two-, three-, and five-year periods.
Johannesburg Securities Exchange to Introduce Socially Responsible Investing Index (11/18)
In addition to requiring listed companies to comply with King II codes, JSE is also launching an SRI index based on triple bottom line and corporate governance practices.
Survey Says: NGOs Believe Corporate Social Responsibility Reports That Reveal Faults (11/14)
In a recent survey, nongovernmental organizations say they believe CSR reports that disclose noncompliance, poor social or environmental performance, and big challenges.
Socially Responsible Investments Remain Largely Untouched by Late Trading Scandals (11/13)
The SRI industry's long-term investment horizons and ethical underpinnings insulate it from the market timing debacle, though it may be impossible to escape all its effects.
Innovest’s Eco-Enhanced Portfolios Outperform Their Benchmarks (11/12)
Contra Costa County Employees’ Retirement Association achieves both actual and simulated out-performance by tilting its portfolios using Innovest’s EcoValue21 ratings.
As, Bs, and Cs: New Rating Tool Grades Community Development Financial Institutions (11/11)
The National Community Capital Association launches CARS: the CDFI Assessment and Ratings System.
British American Tobacco Reluctantly Exits Myanmar (11/07)
Bowing to pressure from activists and the UK government, BAT sold its interest in its Myanmar operation, though it will continue to license its cigarette brands there.
European Socially Responsible Investment Retail Funds Increase in Number, Decrease in Assets (11/06)
A recent study reports that the number of European SRI retail mutual funds increased since the end of 2001 while the amounts of assets held by them decreased.
Social Investment Forum’s Trends Report Tracks Rises and Falls in SRI (11/05)
Assets in screened portfolios grew since 2001, while overall assets in socially responsible investments fell during the same time period, according to SIF’s 2003 Trends Report.
Book Review--The Soul of Capitalism: Opening a Path to a Moral Economy (11/04)
William Greider’s new book seeks to explain the contradictions between capitalism and social responsibility, and then seeks to reconcile these differences.
Moskowitz Prize-Winning Study Correlates Lower Corruption With Higher Shareowner Value (10/31)
The Social Investment Forum awards its annual Moskowitz Prize to a study that correlates lower political corruption with higher corporate value in international markets.
Emerging Markets Represent Underdeveloped Opportunities for SRI, Study Says (10/30)
An International Finance Corporation report on socially responsible investing in emerging markets finds obstacles and opportunities.
SRI Short Selling: an Oxymoron, or Mutually Reinforcing Strategies? (10/29)
Socially responsible investing strategies rarely include short selling, though this tactic may in fact eclipse other SRI strategies in its ability to effect change.
Coordinate US Corporate Social Responsibility Policy, Kenan Institute Study Group Says (10/28)
A study group convened by the Kenan Institute recommends synchronizing US public policy on CSR and asking the SEC to consider requiring triple bottom line reporting.
Vanguard Fund Generates Strong Returns by Replicating the Calvert Social Index (10/24)
The Vanguard Calvert Social Index Fund outperformed more than four-fifths of its peers in the overall US mutual fund universe with similar investment styles over the past year.
Henderson Wins Global Competition for Socially Responsible Pension Fund Proposals (10/23)
Henderson Global Investors’ plan combines innovation with practical experience to win an award for promoting long-term social responsibility in pension fund management.
American Library Association Takes a Pass on Socially Responsible Investing (10/22)
The ALA recently decided not to employ SRI on its endowment, though it may allow portions of its portfolios to be invested in SRI mutual funds.
Community Development Financial Institutions Help Rebuild Post-9/11 (10/21)
The National Community Capital Association unveils a report on the impact of CDFIs on post-9/11 lower Manhattan.
SRI Growing Amongst European Institutional Investors and in Asian Emerging Markets (10/17)
Two new reports document the status and prospects of sustainable and responsible investment in Asian emerging markets and with European institutional investors.
Give Peace a Chance: Support Women in Business (10/16)
The Business Council for Peace helps women create sustainable businesses by providing the technology for them to train in computer and entrepreneurial skills.
Is Molina Healthcare a Socially Responsible Investment? Don't Ask The Company (10/15)
The president and chairman of Molina Healthcare leaves it up to investors to decide for themselves if the company is a socially responsible investment.
Resolutions Ask TIAA-CREF to Practice the Good Corporate Governance It Preaches (10/14)
TIAA-CREF faces several resolutions asking it to reconcile its strong corporate governance advocacy with what filers describe as its own weak governance policies.
Socially Responsible Investment Through 401k Plans Comes of Age (10/10)
Since the late 1990s, there has been a boom in socially responsible investment through 401k retirement plans.
SEC Opens Proxy to Shareowner-Nominated Directors, Critics Bemoan Triggers, Thresholds (10/09)
New SEC rules will allow shareowners to use companies' proxies to nominate director candidates, but corporate governance advocates point out potential pitfalls.
Book Review--The Naked Corporation: How the Age of Transparency Will Revolutionize Business (10/08)
In making the business case for corporate transparency, a new book cites studies on the competitive performance of socially responsible investment.
Social Investors Recommend Best Practice for Coalbed Methane Extraction (10/07)
A shareowner action campaign proactively asks companies to practice environmental and social responsibility in extracting coalbed methane.
Walden Asks Companies to Allow Shareowners to Ratify Auditors (10/03)
Walden Asset Management wrote letters to 45 companies asking them to allow shareowners to ratify the board's choice of auditor, a procedure that is routine.
European Smallcap SRI Index Launches (10/02)
Kempen Capital Management and SNS Asset Management fill a market gap with what they call the first SRI index in the world to focus on small capitalization companies.
ISIS Product Offers Shareowner Action without Portfolio Management (10/01)
Institutional investors can use ISIS's Responsible Engagement Overlay to promote better social and environmental performance at companies through dialogue, proxy voting, shareowner resolution filing, and research.
Dow, GM, and Johnson & Johnson Lead the Charge to Green Power (09/30)
The 12 members of the Green Power Market Development Group have purchased almost 100 megawatts of green power from renewable resources since last summer.
Identifying the Effects of Interlocking Directorships on Board Independence (09/26)
A new report from The Corporate Library uncovers ways interlocking directorships impede board independence, though shareowner activists could leverage this interlock to push corporate governance reform.
Sustainable Computer Producers Perform Better than Less Sustainable Counterparts (09/25)
Innovest adds social considerations to its environmental assessment in its recent computer industry report, and sustainability still outperforms business-as-usual.
SRI Money Market Accounts Earn Competitive Financial Returns (09/24)
In addition to offering social and environmental returns, socially responsible investing money market accounts generate competitive financial returns compared to their non-SRI counterparts.
Book Review--24 Days: How Two Wall Street Journal Reporters Uncovered the Lies that Destroyed Faith in Corporate America (09/23)
A new book tells the behind-the-scenes story of Enron's demise and the detective work that revealed the chicanery in Enron's corporate practices and culture.
FTSE4Good Indexes Add Bank of America, Delete Molson and ConocoPhillips (09/19)
As a result of its semiannual review, FTSE4Good adds Bank of America, a company deleted by DJSI, demonstrating yet another distinction between the indexes.
The Implications of the Nike and Kasky Settlement on CSR Reporting (09/18)
Although Nike reached an agreement with Marc Kasky to end his lawsuit, the settlement's effect on corporate social responsibility reporting remains to be seen.
Shareowner Action Prompts Procter & Gamble to Sell Fair Trade Coffee (09/17)
In response to a shareowner action campaign, Procter & Gamble launched a Fair Trade Certified coffee; critics challenge the company to commit more fully to sustainability.
AFL-CIO Advocates Active Ownership as a Way to Enhance Shareowner Value (09/16)
The AFL-CIO coordinates resolution filing, assesses managers' proxy voting records, and identifies worker-friendly investments for union pension funds.
Ave Maria Funds Promote Catholic Values Through Morally Responsible Investing (09/12)
Ave Maria Mutual Funds, which screen abortion, pornography, non-marital partner benefits, and Planned Parenthood contributors, represent another side of SRI.
Dow Jones Sustainability Indexes Add Toyota, HP, Eject DaimlerChrysler, Bank of America (09/11)
After its annual review, DJSI adds companies it deems as having strong sustainability performance to its index universe, and deletes companies that lag in sustainability practice.
Influential Institutional Investors to Form National Coalition for Corporate Reform (09/10)
The National Coalition for Corporate Reform, championed by state treasurers and pension funds, seeks to restore investor confidence through better corporate governance.
Community Investment Bond Helps House the Learning Disabled in the UK (09/09)
The UK arm of Triodos Bank issues a bond that supports Golden Lane Housing, a UK charity that provides housing to people with learning disabilities.
New Proxy Voting Recommendation Service Provides Choice, Objectivity (09/05)
Investor Responsibility Research Center teams with Glass, Lewis & Co. to provide proxy voting recommendations and voting services to institutional investors.
Boise's Plan to End Old Growth Harvesting: Trend-Setting or Too-Little, Too-Late? (09/04)
Boise Cascade bans logging old growth forests in the US and deters it elsewhere, but other companies may not jump on this bandwagon if its time has already passed.
Environmental Best Practice Tied to Financial Outperformance in Food Retail Industry (09/03)
Innovest's latest report shows that environmental leaders in the global food and drug sector financially outperform the sector's environmental laggards.
Book Review--The Planetary Bargain: Corporate Social Responsibility Matters (08/29)
Author Michael Hopkins' ideas about the global spread of corporate social responsibility are obscured by a lack of precision in revising and updating this book that was originally published five years ago.
Morningstar Japan Launches First SRI Index Covering Japanese Market Exclusively (08/28)
The introduction of an socially responsible investing index by Morningstar Japan represents a significant milestone in the development of SRI in Japan.
Quakers and Socially Responsible Investing: A Natural Match (08/27)
The Friends Fiduciary Corporation practices both positive and negative screening, in keeping with Quaker values that prioritize social justice and non-violence.
UN to Hold Corporations More Responsible for Human Rights and the Environment (08/26)
A UN sub-commission adopted a resolution calling for transnational corporations to be held more accountable for human rights protection and environmental stewardship.
Jazz and Orchids Provide Inner City Hope and Opportunity (08/22)
An interview with William Strickland, CEO of the not-for-profit Manchester Bidwell Corporation in Pittsburgh, reveals he is continuing to push the boundaries of inner city economic development.
Rio Tinto to Rehabilitate Uranium Mine (08/20)
Environmental activists have long been advocating for restoration of the Jabiluka uranium mine, which is located in the Kakadu World Heritage Area in Northern Australia.
Corporate Governance Ratings Take Different Approaches to Produce Similar Results (08/19)
GovernanceMetrics International rates corporate governance in relation to other companies, while Institutional Shareholder Services rates in relation to market indexes.
Institutional Investor Practices SRI Through Shareowner Action (08/14)
The Nathan Cummings Foundation prioritizes shareowner action by actively voting its proxies, filing shareowner resolutions, and dialoguing with companies on social issues.
Will Ford's Transparency Affect Its Performance? (08/13)
While lauding the transparency of Ford's 2002 Corporate Citizenship Report, analysts caution that it remains to be seen whether such reports and the Global Reporting Initiative reporting guidelines will help improve corporate performance (part two of a two-part article).
Ford's Latest CSR Report Increases Transparency by Using GRI Guidelines (08/12)
Ford's decision to base its 2002 Corporate Citizenship Report on Global Reporting Initiative (GRI) guidelines will help analysts get a fuller picture of the company's performance (part one of a two-part article).
Report Finds Oil Companies' Social and Environmental Practices Unsustainable (08/07)
Oekom Research's report criticizes the oil industry's uneven progress in sustainable development, but those in the industry question the report's findings.
Domini Social Bond Fund Supports Community Development Financial Institutions (08/06)
The Domini Social Bond Fund allocates almost seven percent of its assets to CDFIs while also performing like a classic intermediate-term bond fund.
The Needmor Fund Utilizes a Muscular Definition of Fiduciary Responsibility (08/05)
Susan Stranahan, treasurer of the Needmor Fund, discusses socially responsible investing as a fiduciary duty and tier A money managers who have a social mission.
Critics Find Study of SRI Underperformance Fundamentally Flawed (08/01)
A recent Wharton School study that finds underperformance by socially responsible investment mutual funds is based on an unsound research design, according to critics.
A High Flyer and a Smooth Sailer Top SRI Equity Funds (07/31)
Two socially responsible investment equity funds place in the first and second percentiles of their peer funds over a five-year period.
The ABCs of SRI Mutual Fund Share Classes (07/30)
The complexities of different share classes, or fund loads, can confuse investors--brokers and finance writers can either help clarify and further obfuscate.
Book Review--The New Financial Order: Risk in the 21st Century (07/29)
A Yale economist proposes innovative ways to use risk management as a tool to counteract economic inequality and livelihood uncertainties, among other things.
Survey Finds SRI Fund Managers See Bright Future in Europe (07/25)
A recent survey of fund managers conducted by UK Social Investment Forum and Thomson Extel reveals high expectations for significant SRI growth in Europe. Those surveyed also ranked top SRI firms and analysts.
ACCION Creates Self-Sufficiency by Providing Microfinance to Microenterprises (07/24)
Social investors can support ACCION's international and national microlending initiatives, which seek to break the cycle of poverty through several mechanisms.
Climate Change Litigation Could Affect Companies’ Market Value (07/23)
In the near future companies could face the risk of being on the receiving end of climate change lawsuits, a development that stands to impact shareowner value.
Foundation Begins to Reconcile Investments with Programs (07/22)
The Fetzer Institute uses screens and community investment to align a small portion of its assets with its social and environmental goals.
SEC Report on Shareowner Nomination of Directors Opens Some Doors, But May Close Others (07/18)
A recent SEC report recommends several solutions for allowing shareowners access to director nominations, but social investors worry it may not solve some problems.
Philadelphia Innovates Solutions to Predatory Lending for Low- and Middle-Income Homeowners (07/17)
Two programs supported by the city of Philadelphia help low- and middle-income homeowners exposed to predatory lending when seeking loans to rehabilitate their houses.
Johannesburg Securities Exchange Requires Compliance with King II and Global Reporting Initiative (07/16)
Companies listed on the Johannesburg Securities Exchange will soon have to comply with King II corporate governance codes as well as Global Reporting Initiative guidelines.
First Steps for the U.S. Business Council for Sustainable Development (07/15)
Carlos Guimaraes, chair of the U.S. Business Council for Sustainable Development, speaks about the new organization's strong membership, partnerships, and projects.
Members of Congress Consider Social and Environmental Disclosure in SEC Filings (07/11)
A group of Senators and Representatives summoned a symposium on the need for social and environmental disclosure by companies in their SEC filings.
Report Connects the Dots Between Corporate Governance and Climate Change Risk (07/10)
A report reveals the degree to which 20 major global companies use corporate governance to address climate change risks and opportunities.
Sustainability Leaders in Food Sector Produce Healthy Returns (07/09)
Innovest finds that global food products companies with higher sustainability ratings perform better financially than companies with weaker environmental performance.
Eurosif Releases Transparency Guidelines for European SRI Funds (07/08)
Eurosif asks socially responsible investment firms to disclose their policies and procedures around SRI issues.
Summer Reading List, SRI-Style (07/02)
Prominent figures in the socially responsible investing community recommend SRI- and CSR-related books, and as well as some great titles from outside the field.
Pension Funds and Mutual Funds Influence Their Holdings Differently (07/01)
Academic studies discern between how pension funds and mutual funds wield influence as institutional shareowners, but the studies lack methods sophisticated enough to evaluate the effects of SRI.
McDonald's Phases Out Animal Growth Promotion Antibiotics from Global Supply Chain (06/27)
McDonald's, which is often the first in its sector to introduce sustainable practices, will end use of animal growth promotion antibiotics, but does this make the company socially responsible?
U.S. Drops in Country Sustainability Ratings (06/26)
The United States fell eight places in Oekom Research's Country Rating Report this year, mirroring its poor performance on other similar country sustainability ratings.
Huh?!?: CEO Pay Goes Up in 2002 While the Stock Market Goes Down (06/25)
The Corporate Library's report shows how CEO pay increased in 2002 despite the fact that the stock market declined significantly, a trend that does not sit well with investors.
Apria Democratizes Director Elections (06/24)
Apria Healthcare Group set a precedent as the first company to allow shareowners to nominate candidates for board of director elections.
Attitudes and Actions Behind the Growth of SRI in Japan (06/20)
Alongside the highly visible events that demonstrate the spread of socially responsible investing in Japan are shifting attitudes and less visible actions (part two of a two-part article).
The Sun is Rising on SRI in Japan (06/19)
A major Tokyo public pension fund commits to socially responsible investing, an indication of Japan's growing interest in SRI (part one of a two-part article.)
Investors Managing $3 Trillion Back Blair's Extractive Industries Transparency Initiative (06/18)
Developing countries are being prodded to support oil and mining companies disclosure of payments the companies make to governments.
First Dutch Passively-Managed DJSI-based Index Fund Launched (06/17)
Theodoor Gilissen Bankiers has launched a passively-managed fund that tracks a Dow Jones Sustainability Index, the first such product in the Netherlands.
Two Environmental SRI Funds Generate Attractive Returns (06/13)
In the midst of a stagnant economy, two SRI funds that invest in environmental best performers have generated year-to-date returns in the 20- to 35-percent range.
IRRC Platform Combines Corporate Governance and Social Responsibility Research (06/12)
The Investor Responsibility Research Center merges its corporate governance research tool with its social responsibility research tool in a web-based platform.
Shareowner Advocates Tell SEC How Best to Democratize Board Election Process (06/11)
The question is not whether shareowners should have access to the proxy to nominate directors, but what percentage of stock ownership qualifies shareowners to make nominations.
Catholic Institutional Investors Launch an SRI Fund of Funds Hedge Fund (06/10)
In order to fill a market niche, five Catholic healthcare organizations joined forces to launch an SRI fund of funds hedge fund that is available to other institutional investors.
Book Review: Eco-Service Development: Reinventing Supply and Demand in the European Union (06/06)
A new book presents the business case for promoting sustainable development through "eco-services," or the switch from a product-oriented to a service-oriented culture.
Will Equator Principles Deliver Social and Environmental Responsibility from Banks? (06/05)
Social investors and NGOs question whether the Equator Principles will serve their stated purpose of increasing global banks' social and environmental responsibility.
Nike and Others Increase Transparency into Their Global Labor Practices (06/04)
The Fair Labor Association releases a report today on the internal and independent external monitoring of apparel and footwear manufacturers' global labor practices.
FedEx and UPS Green Up Their Fleets With Hybrid Electric and Fuel Cell Vehicles (06/03)
FedEx introduces hybrid electric delivery vehicles, while UPS is investing in fuel cell technology.
World's Largest Coffee Traders Agree to Sustainability, but How Committed Are They? (05/30)
Rainforest Alliance's recent agreement on sustainability with the world's two largest coffee traders holds promise but the devil may be in the details.
Book Review: Saving the Corporate Soul & (Who Knows?) Maybe Your Own (05/29)
A new book recommends a series of corporate reforms that mirror those advocated by the corporate social responsibility and socially responsible investment communities.
Religious Institutions Issue Benchmarks for Corporate Social Responsibility Performance (05/28)
A global coalition of religious activists have published the third edition of a comprehensive set of guidelines for corporate social and environmental performance.
Blacklisting, Voicetracking, and Payola: Clear Channel and the Effects of Media Consolidation (05/23)
Shareowner activists ask Clear Channel to ban blacklisting, while musicians and other activists oppose FCC plans to deregulate media industries.
Corporate America Less than Halfway to Gender Parity (05/22)
A Conference Board report documents the evident and the less-apparent obstacles to achieving male-female equality in the workplace.
TIAA-CREF Adds Positive Screens and Replicates Russell 3000 Performance (05/21)
TIAA-CREF constitutes its Social Choice Equity Fund based on the KLD Broad Market Social Index to track the returns of its new benchmark, the Russell 3000 Index.
Increasing Shareowner Action Fuels Record Proxy Season (05/20)
Shareowners are increasingly recognizing and practicing their right to influence corporate practices and policies by filing and voting on shareowner resolutions.
Socially Responsible Investing in 529 Funds Requires Some Savvy (05/16)
There are now three SRI options for 529 college savings plans, though ascertaining how best to save for college in a socially responsible way may require professional advice.
Report Asks When ExxonMobil Will Wake Up to Climate-Related Risks (05/15)
For the second year in a row, a report tells ExxonMobil shareowners to beware of the significant risks the company faces in terms of how the oil giant addresses climate change.
Do UK Charities' Investments Reflect Their Mission Statements? (05/14)
A report released today reveals that the majority of large UK charities do not practice socially responsible investing.
Investors Press Companies on Stock Options Expensing (05/13)
A shareowner resolution on options expensing is garnering support, and a California pension fund has released a study on how to best expense stock options.
Shareowners Press Avon to Walk the Walk (05/08)
Shareowners vote overwhelmingly for board independence at Avon while questions about potential carcinogens in its products linger.
Canadian Greenhouse Gas and Toxic Emissions Resolution Garners Near Record Support (05/07)
A near majority of IPSCO shareowners voted in favor of a resolution asking the company to report on its greenhouse gas and toxic emissions.
The Switch to Socially Responsible Investing Affords Choice and Confers Power (05/05)
The continuation of one investor's story of how he chose SRI mutual funds, and his reflections on the power of socially responsible investing (part two of a two-part article).
The Benefits and Obstacles of Switching to Socially Responsible Investing (05/02)
One investor's story of the process of shifting mainstream investments into socially responsible investment mutual funds (part one of a two-part article).
Innovest Report Identifies Business Risk of Genetic Engineering for Monsanto Investors (05/01)
The controversy surrounding genetic engineering creates substantial risks to shareowner value at Monsanto, according to a new report from Innovest.
Simulated Institutional SRI Portfolios Continue to Outperform Benchmarks (04/30)
Institutional investors take note: four out of five mock portfolios in the Triple Bottom Line Simulation performed better than their benchmarks over the last three quarters
Will Dover Heed Shareowners' Loud Call for Sexual Orientation Nondiscrimination? (04/29)
Almost half of Dover shareowners want the company to explicitly add sexual orientation to its nondiscrimination policy, but the company has yet to commit to such a decision.
The Answer to the Coffee Crisis? Farmers Want Fair Price, Kraft Says Increase Demand (04/25)
Calls for fair prices and Fair Trade Certified coffee by social investors, coffee farmers, and Oxfam go unheeded by Kraft.
Ford and Fannie Mae Top List of 50 Best Companies for Diversity (04/24)
DiversityInc's new corporate survey strives to identify the business value of diversity.
Is Nike Guaranteed Free Speech? The Supreme Court Will Decide (04/23)
Advocates of socially responsible investment and corporate social responsibility on both sides of the Atlantic weigh in on the implications of Nike's Supreme Court case.
Earth Day Founder Not the Only One to Link Climate Change and Investing (04/22)
The voices of institutional investors representing public pension funds join those from the insurance industry to advance a business case for addressing climate change.
The Effects of 9/11 and the Iraq War on Islamic SRI Funds (04/18)
Socially responsible investment funds that reflect Islamic values shed light on the issue of anti-Islam sentiment, which has run rampant after 9/11 and through the Iraq War.
Is the Sun Setting on AstroPower? (04/17)
Once the darling of the green investors, AstroPower's share price has plummeted precipitously over the past year.
Village Banking Supports Tomato-Selling in Tanzania (and Other Community Investing) (04/16)
FINCA provides microfinance to groups of villagers at market rates to create businesses that remain sustainable in the local economy long after loan repayment ends.
Back in the U.S.A. (04/15)
A combination of investors, activists, and congresspeople are working to make sure U.S. companies keep paying their share of taxes.
Pay Dirt or Payola? How Halliburton Strikes it Rich (04/11)
A number of practices have generated profits as well as controversy for Halliburton, the company where Vice President Dick Cheney served six years as CEO.
Healthy Living Sector Produces Healthy Returns (04/10)
Two SRI funds find common ground in their success from investing in the healthy living sector.
Return to Sender: Dell Inches Toward a Computer Take-Back Recycling Program (04/09)
Calvert-led coalition conducts shareowner action urging U.S. computer companies to implement take-back programs for recycling obsolete computers and components.
Book Review: Saving Capitalism from the Capitalists (04/08)
A new book identifies what ails capitalism and proposes a panacea.
Rebuilding Iraq: Humanitarianism Versus Opportunism (04/04)
Socially responsible investing supports companies and nonprofit initiatives that advance humanitarian efforts to rebuild Iraq and avoids investment in profiteering companies.
When Lightning Strikes: Portfolio 21 Applies The Natural Step's Sustainability Theories (04/03)
Portfolio 21 applies environmental screens based on the principles of the Natural Step, which promotes sustainability.
PepsiCo Shareowners Will Address the Business Risks of Water Scarcity (04/02)
The SEC is requiring PepsiCo's to allow its shareowners to vote on a resolution regarding the business risks of water scarcity.
The Key to Director Independence: Equal Access to Corporate Board Elections (04/01)
A growing number of investors are demanding that shareowners be given the right to nominate candidates for board of director elections.
Socially Responsible Investment Firms Respond to New War with Tried and True Tactics (03/28)
SRI firms are sticking with their traditional strategies, such as screening, community investment, and support for humanitarian aid, in response to war.
CalPERS Says Xerox's Corporate Governance Not Worthy of Copying (03/27)
Pension fund giant names six companies that need to improve their corporate governance.
AccountAbility Launches Assurance Standard for Corporate Responsibility Reporting (03/26)
Investors and other stakeholders stand to benefit from the standardized verification of corporate reporting on social, environmental, and economic performance.
Guide Rates Best and Worst Lenders in Terms of Reaching the Underserved (03/25)
When it comes to reaching minorities, women, and low- and middle-income borrowers, Bank of America rates as one of the best and ABN AMRO rates as one of the worst.
Watching the Public Company Accounting Watchdog (03/21)
The Public Company Accounting Oversight Board Association is slowly getting to work and it will be scrutinized by the newly-formed Association for Integrity in Accounting.
Tobacco-Free Investments Avoid an Industry of Smoke and Mirrors (03/20)
As court cases related to deception by the tobacco industry mount, individual and institutional investors have options for avoiding exposure to tobacco stocks.
Oekom Applauds Insurers Employing SRI but Chides Rest of Sector's Non-Transparency (03/18)
Lack of transparency prevented the German corporate research firm from conducting corporate responsibility ratings on the majority of global insurance companies.
Credit Reporting Companies Obstruct Positive Credit History Reports (03/14)
Credit reporting companies readily accept negative credit reports, but require positive credit report submissions in batches of 100, preventing many microlenders from reporting.
New UK Index Rates Corporate Social Responsibility Performance (03/13)
UK-based Business in the Community launches its Corporate Responsibility Index, which benchmarks corporate social responsibility performance.
Mutual Fund Industry Takes Last Stab at Blocking Proxy Voting Disclosure (03/12)
The Investment Company Institute, the mutual fund industry trade group, continues to lobby against new SEC rules that require disclosure of proxy voting policies and records.
Investing in Wind Energy Is Not a Breeze (03/07)
With few pure players in the domestic wind energy sector, investors who want exposure to wind energy must commit their money overseas.
The Black and White and Gray Areas of Military and Weapons Screening (02/28)
Most social investors screen out companies that derive revenue from military-related products and services or weapons manufacturing. However, a zero tolerance screen is unusual.
International Right to Know Campaign Promotes Disclosure of Global Corporate Impacts (02/27)
In a recent report, the International Right to Know Campaign outlines the benefits of corporate disclosure of global environmental and social policies and practices.
ExxonMobil Receives 23 Shareowner Resolutions on Issues Ranging from Climate Change to Corporate Governance (02/26)
Concerted shareowner action this proxy season targets ExxonMobil over such issues as its refusal to address climate change and its coupling of CEO and Chairman of the Board.
SRI Issues Will Impact Companies' Financial Performance, UK Pension Fund Trustees Say (02/25)
A recent survey finds that pension fund trustees in the United Kingdom view socially responsible investing (SRI) issues as linked to companies' future financial performance.
Book Review: Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights (02/21)
A new book by Thom Hartmann states that the nineteenth century Supreme Court case that established corporate personhood did not in fact rule on this issue.
Chinese Toy Manufacturer Labor Standards Found Lacking (02/20)
New report highlights structural obstacles to toy manufacturer implementation of labor codes of conduct.
Carbon Disclosure Project Informs Investors of Climate Change Risks and Opportunities (02/18)
A new report finds that companies stand to gain competitive advantage by addressing climate change.
Fannie Mae Receives High S&P Corporate Governance Rating (02/14)
Fannie Mae becomes the first U.S. company to release its corporate governance score (a 9 out of 10) from Standard & Poor's Governance Services.
Calvert Foundation Offers Community Investment in Self-Directed IRAs (02/13)
The Calvert Foundation has partnered with PENSCO Trust Company to offer Calvert Community Investment Notes for use in self-directed individual retirement accounts.
Corporate Social Responsibility Rating Agencies Balance Standardization and Differentiation (02/12)
Corporate social responsibility (CSR) rating agencies are struggling to balance the need to standardize CSR ratings with the need to differentiate their ratings from competitors'.
National Wildlife Federation and Amnesty International USA Embrace SRI (02/11)
Two well-known advocacy organizations have made a commitment to lowering the wall between their program activities and their investments.
Prince Albert of Monaco Helps Launch a New Sustainability Fund (02/07)
Instead of investing directly in equities, this new "fund of funds" from Monaco invests in SRI and sustainability funds.
World Economic Forum Surveys CEO Attitudes Toward Corporate Citizenship (02/06)
The World Economic Forum CEO survey finds much enthusiasm but less substance in the adaptation of corporate social responsibility into core business activities.
Meritas Launches Four New SRI Funds for Canadian Group Pension Plans (02/05)
A mainstream group pension plan provider in Canada contracted Meritas Financial to create and manage four new SRI mutual funds for retirement plan investors.
Three-Year Mutual Fund Performance Bodes Well for SRI Mutual Fund Firms (02/04)
Huge net inflows at several SRI mutual fund firms result in overall net inflow for all SRI mutual funds.
CSRwire Spreads the Word on Corporate Social Responsibility (01/31)
Companies, nonprofits, and other organizations use CSRwire to distribute corporate social responsibility-related press releases and corporate performance reports.
NeighborWorks Network Helps Low-Income Families (01/30)
The Neighborhood Reinvestment Corporation operates the NeighborWorks Network, a coalition of local organizations that provide community investment loans to low-income residents.
Europe's Largest Pension Fund Buys a Minority Stake in SRI Research Firm (01/29)
ABP and State Street Global Alliance have invested in Innovest, another indication that mainstream investors are seeing the benefit of implementing SRI strategies.
SEC Tells Mutual Funds To Disclose Their Proxy Votes (01/24)
The Securities and Exchange Commission voted in favor of rule changes that require mutual fund companies to disclose their proxy voting policies and their actual proxy votes.
Green Banking (01/23)
Ten exemplary "green banking" enterprises were honored recently, highlighting the growth of environment-friendly community investing.
ICCR Proxy Resolutions Book Gauges Shareowner Action Climate (01/22)
In its new publication, the Interfaith Center on Corporate Responsibility rounds up the social and environmental shareowner resolutions to be voted on in the 2003 proxy season.
Global Warming Shareowner Resolution Filed at "Filthy Five" Electric Companies (01/17)
A coalition of institutional investors has filed a shareowner resolution calling on five electric power producers to report on the business risk of their greenhouse gas emissions.
Corporate Responsibility Ratings and SRI Screens Sometimes Differ (01/16)
A new report from Oekom Research criticizes IT network and component company performance based on the companies' own disclosure, while the Calvert Group's screens assess companies' actual practices.
Sierra Club Launches SRI Mutual Funds (01/15)
The Sierra Club is harnessing its name recognition and expertise on corporate environmental performance with its launching of an SRI equity mutual fund and an SRI balanced mutual fund.
Top Five Social Investing News Stories of 2002 (01/14)
The major social investing news stories of the year include significant corporate governance reforms and the success of community investment.
Low-Income Toronto Residents Save on Check Cashing (01/10)
Royal Bank of Canada tailored its Cash & Save concept to meet the unique financial services needs of residents in a diverse, densely populated urban community.
Book Review: The Sustainability Advantage (01/09)
In a new book written for corporate senior executives, a former IBM manager systematically quantifies the business case for sustainability.
Investment in Affordable Housing Generates Market-beating Returns (01/06)
CalPERS' highest returning investment category over the last ten years is its Single Family Housing Program. The pension giant is not the only institutional investor that has had success with community investing.
Australia To Require Investment Firms to Disclose How They Take SRI into Account (01/03)
A 2002 Australian law that requires all investment firms to disclose how they take socially responsible investment issues into consideration will take effect in March 2003.
NEC Pioneers "Green" Computer (01/02)
NEC reverses the computer industry's foot-dragging on addressing environmental liabilities by introducing the PowerMate eco, the first eco-efficient computer.
Community Investment Pays: More Conversation with F.B. Heron's Luther Ragin (12/30)
Luther Ragin details F.B. Heron Foundation's returns on its community investments and urges other foundations and institutional investors to consider community investing (part two of a two-part article).
Helping People Help Themselves: A Conversation with F.B. Heron's Luther Ragin (12/27)
Luther Ragin explains why and how the F.B. Heron Foundation commits a whopping 18 percent of its total assets toward community investment projects (part one of a two-part article).
A Tribute to Chuck Matthei, Community Investing Trailblazer (12/24)
At a time of year when many people give thanks for their gifts, the SRI community continues to reflect on Chuck Matthei's numerous contributions to community investing.
Social Investment Forum Outlines "Next Wave" of Corporate Governance Reforms (12/20)
Additional reforms besides those already on the table will be necessary to create meaningful corporate governance reforms, according to the U.S. Social Investment Forum.
Presbyterian Funds Honor Their History in SRI by Performing Well in the Present (12/19)
New Covenant Funds, which trace its SRI roots back well beyond its 1999 inception date, offers several mutual funds that have been performing better than their peers.
Book Review: Cause Marketing (12/18)
A new look at an increasingly used marketing angle may provide lessons for social investors.
Social Investors Spur Social and Environmental Upgrades at Intel (12/17)
Over the past five years, Intel Corporation's program of engagement with the social investment community has helped the company boost its competitive advantage.
Italian SRI Indexes Benchmark European and Global Equity and Bond Markets (12/13)
Milano, Italy-based E. Capital Partners manages seven SRI indexes.
Record Shareowner Vote Prompts Cracker Barrel to Bar Sexual Orientation Discrimination (12/12)
Reversing more than a decade of opposition, Cracker Barrel's parent company bars sexual orientation discrimination in it Equal Employment Opportunity policy.
Humans' Overuse of Earth's Resources Exceeds Sustainability by 20 Percent (12/11)
A new report on the ecological footprints of 146 nations documents unsustainable consumption, a phenomenon that, unchecked, will deplete the world's natural resources.
Citizens Funds Launches Two New SRI Mutual Funds (12/10)
Major SRI mutual fund firm marks 20 years in the business by adding two new SRI funds to its family.
DJSI Adds "Sin" Stocks (12/06)
DJSI employs a best-of-sector strategy while FTSE4Good indexes exclude "sin" sectors, illustrating two widely-used approaches for benchmarking sustainability.
BP Abandons Group Lobbying for Oil Drilling in Arctic National Wildlife Refuge (12/05)
British oil company chooses to disengage from the Arctic Power lobby group and will only seek to drill in the ANWR if the people and the politicians endorse it.
SRI Gains Momentum in University and College Endowment Investments (12/04)
U.S. academic institutions are increasingly applying socially responsible investment principles, although not comprehensively.
Moskowitz Prize Pays Tribute to Evidence of SRI Funds' Competitive Performance (12/03)
A Dutch paper documenting no significant difference between returns from SRI funds and conventional mutual funds wins this year's coveted Moskowitz Prize.
Freddie Mac's SHIP Sails Over the Stormy Seas of the Bear Market (11/27)
The Socially Responsible Housing Investment Program (SHIP) run by Freddie Mac earns positive returns while supporting low-income housing.
SRI Firms Caution Against a Wimpy Accounting Oversight Board (11/22)
Despite the distractions of the current Accounting Oversight Board debacle, SRI firms focus on what policies the board could adopt to support social and environmental issues.
Companies Face Corporate Governance Hurdles (11/21)
Most public companies will need to restructure their corporate governance policies and practices to comply with new listing standards at NYSE and NASDAQ.
Talisman Leaves Sudan But Remains on Social Investment Nix List (11/19)
Canadian SRI rating agency recommends investors continue to avoid investment in Talisman due to ongoing human rights and environmental concerns.
Staples Commits to Recycled Paper (11/15)
Spurred by social investors and environmental groups, Staples announces an environment-friendly paper procurement policy.
The Complexities of Venture Capital Investment Disclosure (11/14)
The University of Texas' disclosure of information on its venture capital investments creates challenges for venture capital firms and institutional investors.
National Policy Association Book Advocates Corporate Social Responsibility Reporting (11/13)
A new book published by the National Policy Association makes a series of recommendations to promote global corporate social responsibility, among them triple bottom line reporting.
Canadian SRI Firms Call for Disclosure from Country's Top Banks (11/12)
Two Canadian SRI firms filed shareowner resolutions at five major Canadian banks asking them to report on how they account for environmental, social, and ethical issues.
DJSI and FTSE4Good Index Licensing Continues to Expand (11/08)
Index-based separate accounts, certificates, and exchange-traded funds are among the products being created based on these European SRI indexes.
GAO Report Says Financial Restatements Cost Investors Billions (11/06)
The ravaging effects of financial restatements, which have been on the rise since 1997, are documented in a recent General Accounting Office report.
Connecticut Initiative Promotes a Better Bottom Line Through Diverse Boards (11/05)
The Connecticut Board Diversity Initiative cites academic research to document the positive financial value of diverse boards of directors, in addition to their social value.
Oekom Pans Telecoms' Social and Environmental Performance (11/01)
A recent report from the German research firm concludes that only a handful of telecommunications companies have above average social and environmental practices.
Nike Greenwash Decision a Double-Edged Sword (10/31)
While some cheer the California Supreme Court ruling against Nike as a victory for truth in advertising, others consider it a potential defeat for CSR reporting and increased corporate transparency.
SRI Index Fund Uses Overweighting and Underweighting to Fully Replicate S&P 500 (10/29)
Instead of screening companies in or out of the Total Social Impact Fund, this enhanced index fund concentrates its holdings in positive social and environmental performers.
Seven New SRI Mutual Funds Launched by Seminal Canadian Investment Firm (10/28)
Ethical Funds recently introduced seven new SRI mutual funds in response to investor requests and a poll that shows overwhelming support for shareowner action in Canada.
Corporate Governance Now Rated by Mainstream Investment Research Firms (10/25)
Mainstream investment research firms are now evaluating corporate governance as a potential indicator of stock valuation.
Eco-Efficient Real Estate and Retail Food Stocks Outperform Environmental Laggards (10/24)
Two recent Innovest reports correlate strong energy management, particularly participation in the EPA ENERGY STAR program, with superior stock performance.
WRI Promotes Sustainable Business in China (10/22)
The World Resources Institute has launched a project that will support green business initiatives in China.
Teamsters Union Joins Boycott of World Bank Bonds (10/21)
The International Brotherhood of Teamsters joins six other international unions in refusing to invest in World Bank bonds.
Board of Directors Survey Reveals Progress and Gaps in Corporate Governance (10/18)
A recent survey of board directors at Fortune 1000 companies found improvement in some areas, but also identified areas in need of improvement.
UNEP Advises Financial Sector on Threats and Opportunities Related to Climate Change (10/17)
A recent United Nations Environment Programme Finance Initiative report outlines the financial sector's risks and opportunities regarding climate change.
Screening the Gambling Sector from High Yield Investments Can Be Tricky (10/16)
Screening out gaming sector investments from high yield portfolios presents challenges, including identifying private gaming companies and controlling tracking errors.
SRI Ratings Need Greater Independence and Standardization, Says New Dutch Guide (10/15)
A new guide from Holland profiles 28 SRI rating agencies from around the world and recommends greater independence, standardization, and transparency in SRI research.
Book Review: The SRI Advantage (10/11)
In this important new book, author Peter Camejo makes a case for why socially responsible investing strategies lead to higher returns than non-SRI strategies.
Community Investing Pays (10/10)
New study refutes the myth that loans to low-income borrowers carry higher risk than loans to conventional borrowers.
SRI Community Reaps Success in Washington (10/09)
Recent proposals from the SRI community enacted as public policy are creating momentum toward more potential legislation and regulations that support SRI goals.
Hong Kong Investment Firm Launches New Asian SRI Fund (10/07)
The Kingsway SRI Asia Fund will apply both negative and positive screens to investments throughout the non-Japanese Asian markets.
Utilities: They're Not Just for Widows and Orphans Anymore (10/04)
Utilities may represent a wise investment in this bear market, especially for socially responsible investors seeking to capitalize on companies that have the best environmental records.
IRRC to Release Corporate Governance Rating Tool (10/03)
The Investor Responsibility Research Center will launch a new scoring system for evaluating and benchmarking corporate governance performance.
Innovative Community Investment Fund Attracts Institutional Investors (10/02)
The CRA Qualified Investment Fund, originally established to help banks fulfill a federal mandate for community investment, now appeals to a broader range of institutional investors.
Oxfam Launches Coffee Rescue Plan (09/30)
Oxfam International's new effort to promote the fair trade of coffee garners immediate support from Domini Social Investments.
The Strengths and Inadequacies of the Sarbanes-Oxley Act (09/27)
Social and mainstream investors alike applaud the positive reforms instituted by the Sarbanes-Oxley Act, but also point to additional reforms needed to clean up the markets.
Large Canadian Firm Launches Four SRI Mutual Funds (09/26)
Phillips, Hager and North will unveil four Community Values Funds, which apply socially responsible investment strategies.
SEC Chair Proposes Eliminating Ordinary Business Exception in Proxy Rules (09/25)
SEC Chairman Harvey Pitt proposed abolishing a rule that allows companies to exclude shareowner resolutions from their proxy statements because the resolution concerns the companies' day-to-day business.
Survey Reveals High Investor Interest in Socially Responsible Investing (09/23)
A recent Harris Interactive poll commissioned by the Calvert Group shows investor interest in SRI, particularly in retirement plans.
SEC Proposal Would Require Mutual Fund Companies to Disclose Proxy Voting (09/20)
The Securities and Exchange Commission proposed rules requiring all mutual fund companies and investment advisers to disclose proxy voting guidelines and votes.
Religious Mutual Funds Multiply in Numbers and Assets (09/18)
Faith-based mutual funds represent a fledgling but fast-growing movement in the socially responsible investment field.
CDVCA's Double Bottom Line (09/13)
By investing capital in low-income communities, community development venture capital funds create jobs and foster economic development.
Wells Fargo to Acquire Silicon Valley Investment Boutique with SRI Expertise (09/12)
Wells Fargo recently inked an agreement to acquire Nelson Capital Management, an award-winning private money manager that specializes in socially responsible investing.
Rio + 10 Series: U.S. Company Receives World Summit Award for Sustainable Development Partnerships (09/06)
ForesTrade, which markets organic spices and fair trade coffee, was the sole U.S. company to win a Sustainable Development Partnerships Award at the Johannesburg Summit.
Pension Funds, Fiduciary Duty, and SRI (09/05)
An interview with Meredith Miller from the Connecticut State Treasurer's Office gives some insight into why the State of Connecticut is increasingly embracing SRI.
Shifting the Sustainability Dialogue from Values to Value (09/04)
A recent Ecos Corporation discussion paper advocates integrating the social and environmental considerations of sustainability into the financial bottom line.
Institutional Investors Are Slow to Apply SRI to Fixed Income (09/03)
While many institutional investors apply SRI strategies to the equity portion of their portfolios, they are leaving their income investments relatively untouched.
Rio + 10 Series: The Johannesburg Summit Differs from Its Predecessor (08/30)
Five days into the World Summit on Sustainable Development, participants remark how the conference is different than the 1992 Rio Earth Summit.
SRI Mutual Funds Continue and Enhance Corporate Governance Screening (08/29)
While the SRI industry has long screened for corporate governance criteria, the recent accounting scandals have prompted the development of more comprehensive corporate governance screens.
Cooperative Fund of New England Attracts Investment through Self-Directed IRAs (08/28)
Self-directed IRAs offer a win-win situation for nonprofits, which benefit from low-interest loans, and investors, who benefit from tax-friendly community investment.
Four New Indexes Track Best Practice Companies (08/27)
The Ethibel Sustainability Indexes apply positive screens for sustainable development and stakeholder involvement.
Rio + 10 Series: The Rhetoric of the World Summit on Sustainable Development (08/23)
Sustainable development's amorphous definition may prove a difficult hurdle to gaining consensus on concrete action plans at the Johannesburg Summit.
SRI Income Funds Yield Competitive Dividends (08/22)
Often overlooked, SRI income funds allow social investors to diversify their portfolios.
SEC Urged to Strengthen Rules Governing Corporate Disclosure of Environmental Risks (08/21)
The Rose Foundation is petitioning the SEC to require more comprehensive disclosure of environmental liabilities, allowing investors to assess the potential effect on shareowner value.
New Tool Quantifies Corporate Environmental Performance (08/20)
London-based TruCost launched a single-framework rating tool that allows for a quantitative comparison of companies' environmental performance.
Rio + 10 Series: SRI Contributions to the Earth Summits Blocked from Within and Without (08/16)
The fact that the global socially responsible investment community was denied a greater voice at the Rio Summit does not excuse its low participation in the Johannesburg Summit.
Some Cracks in Freddie Mac's Otherwise Solid Social and Fiscal Reputation (08/15)
Freddie Mac's profile appears picture-perfect from a social and fiscal perspective, but recent disclosures have tainted this image somewhat.
NCCED Supports CDCs (08/13)
The National Congress for Community Economic Development is helping community development corporations operate more effectively and expand their services.
Rio + 10 Series: Business Action Addressing Biodiversity is a Rare Species (08/09)
The Center for Environmental Leadership in Business’ Energy and Biodiversity Initiative represents one of very few business actions that support biodiversity conservation.
FTSE4Good to Fortify Human Rights Criteria (08/08)
FTSE4Good is conducting market consultation in preparation for strengthening human rights criteria for inclusion in its socially responsible indexes and funds.
Matrix Plots Business Cases for Sustainability in Emerging Markets (08/06)
SustainAbility recently released a report that identifies the business benefits of practicing sustainability in emerging markets.
Rio + 10 Series: The Sustainability of the World Summit on Sustainable Development (08/02)
Organizers are working to reduce the environmental impacts of the Johannesburg Summit.
Investors Continue to Put Money into SRI Mutual Funds (08/01)
While U.S. diversified mutual funds are experiencing significant net outflows in response to the corporate scandals, SRI mutual funds are experiencing net inflows.
Computer Sector's Social and Environmental Performance Needs Upgrade (07/31)
A recent report from Oekom Research identifies shortcomings in the corporate responsibility performance of IT and computer companies, particularly concerning social issues.
Conference to Consider the Business Case for SRI (07/29)
Institutional investors will discuss SRI at the Green Mountain SRI Summit, to be held in Stowe, Vermont in September.
Rio + 10 Series: Report Finds Fundamental Flaws in WTO's Agreement on Agriculture (07/26)
An Institute for Agriculture and Trade Policy report argues that the Agreement on Agriculture fails to account for agri-business' monopoly over global agricultural trade.
Oil and Gas Company Environmental Risk Should Concern Investors (07/25)
Innovest and the World Resources Institute released reports this week that illustrate how environmental risk can affect the shareowner value of oil and gas companies.
British Law Requiring SRI Reporting by Pension Funds Fails to Generate Best Practice (07/24)
A recently released report identifies gaps between UK pension funds' stated commitment to SRI issues and their actual implementation of SRI practices.
SRI Mutual Funds Will Endure the Crisis in Confidence (07/23)
Socially responsible mutual funds are different from other mutual funds, and those differences help SRI mutual funds achieve competitive returns over the long term.
Rio + 10 Series: UNAIDS' Accelerating Access Initiative May Decelerate Access (07/19)
ACT UP Paris criticizes Accelerating Access, a joint United Nations/pharmaceutical industry initiative, for limiting price reduction on AIDS medicine in developing nations.
Supporting Science, Supporting Sustainability (07/18)
Earthwatch Institute's Corporate Fellowship Program places corporate employees in the field with top scientists for the benefit of both the environment and the sponsoring companies.
South African Community Growth Fund Celebrates Tenth Anniversary (07/17)
The Community Growth Fund invests in South African companies committed to sustainable development and triple bottom line reporting.
Shareowner Vote Keeps Pension Plan an Issue with AT&T (07/16)
A resolution calling for employee choice in selecting pension plans can be resubmitted next year, and a resolution seeking to strike sexual orientation from AT&T's nondiscrimination policy is soundly defeated.
Rio + 10 Series: Two UNEP Reports Chart Past, Present, and Future Course of Sustainable Development (07/13)
Assessments of the progress since the Rio Summit guide the blueprints for the Johannesburg Summit.
Cement Companies Churn Out Action Plan to Promote Sustainable Development (07/10)
The Cement Sustainability Initiative, a consortium of ten global cement companies, recently released a report outlining specific steps to achieve sustainable development.
Connecticut Fights to Keep Stanley Works from Disappearing to Bermuda (07/09)
Officials from Connecticut contend that Stanley Works continues to mislead shareowners about the effects of reincorporating in Bermuda.
Rio + 10 Series: Progress and Regress--Energy Sectors Report on Their Efforts Toward Sustainability (07/05)
Three industry sectors that supply energy--oil and gas, coal, and electricity--reported on their improvements and shortcomings in sustainable development since the Rio Summit.
Eco-Efficient Pharmaceutical Companies Have Higher Share Value (07/03)
Innovest's recent report on the global pharmaceutical sector notes a correlation between strong environmental performance and better stock performance, with some exceptions.
Three States Act to Keep Money Managers Honest (07/01)
New York, North Carolina, and California will require money management firms that handle public funds to follow guidelines that discourage conflicts of interest.
Rio + 10 Series: Book Review--Building Partnerships (06/28)
A new book outlines the benefits and challenges of cooperation between the private sector and the United Nations.
Shareowner Support for Resolutions Increases Significantly This Proxy Season (06/27)
Support for proposals concerning corporate governance as well as social and environmental issues in the 2002 proxy season is reaching record levels.
SRI Simulations Beat Benchmarks (06/26)
The Triple Bottom Line Simulation demonstrates to institutional investors how socially responsible investing generates positive financial, social, and environmental returns.
New PRI Opportunity Garners Flexible Capital for Award-Winning Community Development Corporations (06/25)
Calvert Foundation has created a well-structured program related investment (PRI) opportunity that for the first time allows funders to buy-into a PRI Offering, combining strong credit quality and convenience with significant community impact.
Rio + 10 Series: How the Private Sector Can Help Solve Global Water Problems (06/21)
Solving the world's water problems may depend on properly regulated water privatization and corporate initiatives that introduce new technologies and reduce water consumption.
New Markets Tax Credit Rewards Community Investment (06/17)
Over the next seven years, the U.S. Treasury Department will allocate $15 billion in tax credits to investors who support qualifying community investments.
Rio + 10 Series: A Brief History of the Earth Summits--From Rio to Johannesburg (06/14)
SocialFunds.com presents a historical snapshot of the Rio Summit and surveys some significant developments leading up to the Johannesburg Summit. (the second in a series of articles leading up to the Johannesburg Summit)
Aquatic Cellulose Uses Robotic Technology to Harvest Trees Underwater (06/13)
Canadian company offers an environment-friendly alternative to traditional forestry and a socially responsible alternative to other forms of underwater tree harvesting.
New York Stock Exchange Calls for Tighter Corporate Governance Standards (06/12)
At the SEC's request, the New York Stock Exchange drafted recommendations to fortify corporate governance standards and restore investor confidence.
Book Review: Cradle to Cradle (06/11)
William McDonough and Michael Braungart propose a paradigm shift for how the world views product lifespans, moving from a "cradle-to-grave" mentality where products die in a landfill to a "cradle-to-cradle" mentality where they continue to feed production.
Rio + 10 Series: A Brief History of the Earth Summits--From Stockholm to Rio (06/07)
SocialFunds.com examines the significant events, theories, and people that contributed to the first two global summits on human interaction with the environment. (the first in a series of articles leading up to the Johannesburg Summit.)
New Report Assesses the Status of Corporate Social Responsibility (06/06)
Echo Research reports on how corporate social responsibility is increasingly important for global corporations, and rates how CSR is being incorporated into business practices.
Calls for Shareowner Action Continue to Rise on U.S. Campuses (06/05)
Swarthmore this year became the first college to singly file a shareowner resolution since the end of the anti-apartheid movement, and campuses across the U.S. are calling for divestment from Israel.
Electronics and Appliances Sector Rated Highly for Environmental Performance (06/04)
German research firm also finds, however, that there is much room for improvement in the sector's social performance.
Institutional Investors Press Largest Companies to Disclose Greenhouse Gas Emissions (05/31)
A group of institutional investors requested information on environmental performance from the 500 largest companies in the world.
Labor Law Database Eases Companies' Compliance Efforts (05/30)
A new database service aids corporate compliance teams in gathering information on national and local labor laws.
Journalists List Corporations Found Guilty of Crimes throughout the 1990s (05/29)
A simple list of corporate crimes, presented along with guilty pleas or fine payments, hints at the pervasiveness of poor corporate ethics.
Annual Meeting Focuses Pressure on ExxonMobil (05/24)
Some shareowners and NGOs claim that ExxonMobil's environmental and social practices are hurting the company's profitability.
Social Indexes Beef Up Environmental Criteria to Promote Corporate Social Responsibility (05/23)
FTSE4Good announces tougher environmental criteria for inclusion on its indexes, and answers critics who question whether this strategy will elicit corporate change.
The Matrix: a New Tool for Assessing Corporate Social Responsibility (05/22)
Each of two new initiatives employs a matrix to graphically represent the variables inherent in socially and environmentally responsible corporate practices.
Book Review: Corporate Irresponsibility (05/20)
George Washington University law professor and corporate governance expert blames immoral corporate behavior on imperative to maximize stockholder profit.
Two Perspectives on the Business Case for Ethical Corporate Behavior (05/17)
Robert Monks defends the business case for corporate ethics against Sir Geoffrey Chandler's recent editorial attacking the business case as amoral.
Two More Social Mutual Funds Top the Billion-Dollar Mark in Assets (05/16)
The Ariel Fund and the Ariel Appreciation Fund reap the rewards of consistent performance.
South African Fund Applies Socially Responsible Investing Principles (05/13)
Fraters Earth Equity Fund promotes positive corporate governance by engaging with the South African companies in which it invests.
Occidental Pipeline in Colombia Strikes It Rich in Washington (05/10)
The Bush Administration has proposed $98 million in military aid to protect Occidental's Cano-Limon pipeline in Colombia, despite its environmental and economic liabilities. (part two of a two-part article)
Occidental Returns Siriri Oil Block to Colombia (05/09)
Los Angeles-based Occidental Petroleum withdrew from an oil field belonging to the indigenous U'wa people, but the company will continue oil extraction in Colombia. (part one of a two-part article)
Mining Industry Reports on Its Problems, but Remains Vague on Solutions (05/08)
A new report identifies the global mining industry's social and environmental pitfalls, though its recommendations may prove hollow, according to an industry watchdog.
Debate Continues Over Effects of CalPERS' Divestment from Emerging Market Countries (05/07)
Although CalPERS may reverse its decision to divest from the Philippines, the question of how other emerging markets will be affected by divestment remains unanswered.
Mutual Fund Reports on Environmental and Social Returns (05/03)
Norway-based Storebrand reports on the environmental and social performance of companies in its international mutual fund.
CERES Calls on Institutional Investors and Corporate Directors to Address Global Climate Change Risk (05/01)
A new report from CERES advises institutional investors and corporate directors on the financial risks of global climate change.
Business Ethics' 100 Best Corporate Citizens Outperform S&P 500 (04/29)
An academic study concluded that Business Ethics' list of 100 Best Corporate Citizens generated better returns than the remaining companies on the S&P 500.
New Research Tool Identifies Terrorism Risk in Institutional Investments (04/26)
The Global Security Risk Monitor allows investors to study risks to their investments from companies operating in countries that sponsor terrorism and weapons proliferation.
Nordic Partnership Signs Sustainability Manifesto in Preparation for Rio + 10 Summit (04/24)
A group of companies from the four Nordic countries convened recently to report on their progress in generating a model for sustainable business development.
Financing Rural Western Community Infrastructure (04/23)
The Rural Community Assistance Corporation helps people in the western United States build homes, strengthen small communities and create environmental infrastructure.
Glass Ceilings Harden Instead of Shattering for Women in the U.S. and U.K. (04/19)
Numerous recent studies on both sides of the Atlantic report continuing and even increasing disparity between women's and men's pay and advancement opportunities.
Federal Lawsuit Seeks Slave Reparations from Three Companies (04/18)
African-American attorneys filed a class-action lawsuit against three companies that allegedly profited from slavery, either directly or through acquired companies.
Activists Lobby Shareowners to Stop Housing Development in Southern California (04/17)
A coalition group held a rally at Washington Mutual's annual meeting to raise concern about that company's planned housing development in the Santa Monica Mountains.
SEC Faltering on Meeting Shareowner Resolution Needs (04/16)
Proposed budget for 2003 may help the SEC provide public information on its no-action letters as well as advise shareowners on resolution changes.
Two Balanced Social Funds Outperform Over the Longer Term (04/12)
The Pax World Balanced Fund and The Green Century Balanced Fund beat over 90 percent of their peers over a five-year period.
Book Review: Investing in Separate Accounts (04/11)
A new book extols the merits of separate accounts, which may represent an attractive alternative to mutual funds for institutional investors and high net-worth individuals.
Companies Skirt Disclosure of Environmental Liabilities (04/08)
New study echoes social investors' call for the SEC to strengthen its rules regarding corporate disclosure of environmental liabilities.
Corporate Sustainability Reporting Is Here to Stay (04/05)
The Global Reporting Initiative, an organization working to make corporate performance more transparent, was formally inaugurated as an independent institution yesterday.
SEC Requires ExxonMobil to Include Shareowner Resolutions on Proxy (04/04)
The SEC denied ExxonMobil’s request to omit three shareowner resolutions from its proxy, but allowed it to omit two other proposals.
EMC Proxy Card Leaves Shareowner Voters in the Dark (04/03)
EMC apparently violated SEC regulations by omitting descriptions of two shareholder resolutions on its 2002 proxy card, according to proposal filers and proxy voting experts.
Survey Holds Money Managers Accountable (04/02)
A recent AFL-CIO survey may prod money managers to examine their proxy voting on labor issues, but some in the social investment community note that the interests of organized labor and social investors sometimes diverge.
SEC Chair Calls Proxy Voting a Fiduciary Duty (03/29)
In a February letter, the SEC Chair acknowledged that proxy voting is a fiduciary responsibility for all fund managers
Shareowner Resolutions Fuse Corporate Governance with Social Issues in 2002 (03/28)
A new study offers insights to how this year's proxy season is shaping up.
Executives and Analysts Name Most Admired Socially Responsible Companies (03/27)
A recent Fortune magazine survey lists America's most admired companies, with one section of the list devoted to social responsibility.
Millipore Enhances Health Through Its Products, Employment, Environmentalism, and Philanthropy (03/25)
This bioscience company's above-average social and environmental performance sets it apart from competitors.
FTSE4Good Indexes Add Companies After Semi-Annual Review (03/21)
FTSE4Good has significantly expanded its universe of socially responsible companies.
Disney and Intel Clash Over Solution to Digital Piracy (03/20)
Entertainment industry executives called on Congress to enforce a solution to the digital piracy problem, while the technology industry favors market incentives.
Report Diagnoses Ills in the Pharmaceutical Sector (03/19)
A German rating agency reports that many pharmaceutical companies are failing to follow the example of the sector’s leaders in solving environmental and social problems.
Social Index Funds Mirror Their Benchmarks (03/15)
Social index funds had a difficult year as benchmarks fell.
New French Law Mandates Corporate Social and Environmental Reporting (03/14)
French social and environmental rating agency offered both kudos and criticism for a new law requiring French companies to disclose social and environmental performance.
Bush Plan on Corporate Responsibility Criticized as Vague, Unenforceable (03/13)
Critics slam President Bush's ten-point plan on corporate responsibility for lacking specifics, penalties, budget support, and consideration of corporate social responsibility.
State Tobacco Settlement Money Being Reinvested in Tobacco Companies (03/11)
States that do not place specific restrictions on investing tobacco settlement money may be investing the funds back into tobacco.
Shell to Stand Trial for 1990s Human Rights Abuses in Nigeria (03/08)
A U.S. Federal Court rejected Shell's plea to dismiss a case charging the company with human rights abuses in Nigeria dating back to 1995.
Institutional Investors Try Their Hand at Socially Responsible Investing (03/06)
The Triple Bottom Line Simulation tracks hypothetical investments to demonstrate socially responsible investment performance.
Which Government Bonds Are Appropriate for Sustainable Investors? (03/04)
Oekom Research recently conducted a study that evaluates the sustainability of governments that issue bonds popular with investors.
CalPERS Divests from Four Emerging Countries (03/01)
California's public pension fund withdrew its equity from four emerging countries in response to a review that considered social and financial factors equally.
New Canadian Social Fund Focuses on Positive Screening (02/28)
A Vancouver investment firm recently introduced a social fund that exclusively employs positive screening.
Online Communications Specialist Offers New Angle on Corporate Responsibility (02/27)
UK-based consulting firm offers reports that look at how the Internet affects the relationship between companies and their stakeholders.
Two Equity Funds Illustrate Diverse Definitions of Success in This Unstable Market (02/25)
The Women's Equity Mutual Fund and the Parnassus Equity Income Fund both performed well over the past year, though each attributes success to different factors.
Mining and Minerals Sector Trying to Clean Up Its Act (02/22)
Large international mining companies, in an effort to improve their image with investors, are working on a project to define how the industry can best contribute to global sustainable development.
Verdict Still Out on Costa Rica Offshore Drilling (02/20)
Although American companies Harken Energy and MKL-Xplorations purchased the rights to drill for oil off the coast of Costa Rica in 1998, drilling has not started as local organizations voice concerns.
Book Review: Eco-Economy (02/15)
Pioneering environmentalist Lester R. Brown fuses ecological consciousness into economics to create "eco-economy," an economic system that would preserve natural resources while continuing to generate wealth.
Students Compel Williams College to Offer Social Investment Option for Donors (02/14)
Alumni and other donors now can have their endowment contributions invested in a socially responsible manner.
Report Argues that Europe Outperforms the U.S. in Corporate Social Responsibility (02/13)
According to a study recently released by the National Policy Association, the United States has fallen behind Europe in advancing corporate social responsibility.
First Nasdaq-based Social Index Unveiled (02/12)
KLD and Nasdaq create the KLD-Nasdaq Social Index, the first index to screen Nasdaq companies for social and environmental criteria.
Private Equity Investment Puts Yale in Deep Water (02/08)
Yale University's investment in a private water company highlights the difficulty institutional investors have in managing private equity investments that may have little or no transparency.
Alaskan Wilderness Oil Drilling Risky to Shareowner Value (02/07)
A shareowner resolution asks BP to assess the damage to its reputation that would result from oil drilling in the Alaskan wilderness, and a new study highlights the economic risks of drilling.
Swedish Foundation Reports on Socially Responsible Asset Management and Research (02/06)
MISTRA, a Swedish environmental research foundation, recently released a report that assesses asset managers and research firms as its first step toward adopting socially responsible investing principles.
Campaign Calls for U.S. Pharmaceutical Companies to Allow Inspections for Bio-Weapons (02/04)
A non-profit watchdog is advocating mandatory inspection of chemical manufacturers capable of producing bio-weapons, a measure opposed by a U.S. pharmaceutical industry group.
CEOs Worldwide Prioritize Corporate Social Responsibility (02/01)
A survey of CEOs around the globe revealed their appreciation of corporate social responsibility, though they have yet to reach consensus on CSR's definition.
Report Criticizes GM's Poor Fuel Efficiency, Applauds Its Other Environmental Efforts (01/31)
CERES reported on GM's environmental record, praising the majority of the carmaker's initiatives but condemning its failure to improve overall fuel efficiency in its fleet.
Spreading the Word about Corporate Social Responsibility and Sustainable Development (01/30)
A new report assesses the role of the media in the growth of corporate social responsibility and sustainable development.
One Percent Community Investing Campaign Gains Momentum (01/29)
MMA Praxis places 1 percent of its assets in community investments, indicating continued overall growth of community investing.
Swiss Insurance Company Invests in Sustainability (01/25)
The reinsurance giant Swiss Re supports sustainability not only in its business practices but also in its investments, and has one portfolio committed exclusively to sustainability.
EMC Maintains Firewall on Its Board Diversity Efforts (01/23)
The computer hard drive giant continues to resist sharing its board diversity initiatives with investors, and now is petitioning the SEC to omit socially responsible shareowner resolutions from its proxy.
Book Review: The Divine Right of Capital (01/22)
Marjorie Kelly argues persuasively for the creation of a new corporate structure, one that puts a priority on those that create wealth, not on those that own the company.
SEC Clarifies Position on Auditor Independence Resolutions (01/18)
Although the SEC rejected a shareowner resolution early in 2001 that called for shareowners to choose a company’s auditor, the SEC recognizes the relevance of the auditor independence issue to shareowners.
Idiosyncratic Firm Invests Old Money in A New Way (01/17)
Through investments in documentary films, Lowell, Blake & Associates earn a healthy profit for their clients and shows non-profits how to operate within a business model.
Canadian Citizens and Investors Favor Corporate Accountability (01/16)
According to a recent poll, as well as public hearings conducted by a government commission, Canadians largely support corporate social responsibility.
UK Bank Offers Green Mortgages (01/14)
Financial institution efforts to be more environment-friendly are proving popular with customers.
Natural Foods Industry Savors 2001 Performance (01/11)
The natural foods industry defied dire predictions for 2001, demonstrating the commitment of consumers to social and health values over cost
Phase-out of Mercury Thermometers Continues to Rise (01/10)
In response to shareowner action campaign, most large pharmacy chains are voluntarily phasing out mercury thermometers. The campaign is now turning to the health care industry.
Book Review: Sustainable Finance and Banking (01/09)
New book methodically argues that finance and banking have a significant role to play in achieving sustainability.
Top Five Social Investing News Stories of 2001 (01/08)
Among the major social investing news stories of the year, social mutual funds continued to bust poor performance myths, and governments and shareowners pushed companies on sustainability and corporate social responsibility issues.
Attractive College Savings Programs Yet to Embrace Socially Responsible Options (01/04)
New regulations shelter certain college savings funds from taxation, but socially responsible investors must petition their states to implement socially responsible options
Harry Potter Hawks Coke, Inciting Ire Amongst Fans and Consumer Advocates Alike (01/03)
Coca-Cola secured global marketing rights to the Harry Potter image, a move more likely to increase obesity than to promote literacy, according to children's health advocates.
Florida Community Loan Fund Brings Sunshine to Low-income Communities (01/02)
A wide lending focus helps the Florida Community Loan Fund provide the necessities of life throughout Florida.
Consulting Firm Promotes Online Reporting of Triple Bottom Line (12/31)
SustainAbility, a British research and consultancy firm, recently released a report on how companies, their stakeholders and customers use the Internet to communicate about sustainable development.
SBI Promotes Responsible Business Practices Alongside Profits (12/27)
The Sustainable Business Institute is working to spread its vision of sustainability to business leaders and the public.
Resolution Urges ExxonMobil to Strip Chair from its CEO, a Global Warming Naysayer (12/21)
Robert Monks' resolution claims that ExxonMobil Chairman and CEO Lee Raymond's denial of global warming is harming the company's reputation and shareowner value.
E-Waste Not, Calvert Says to Computer Companies (12/20)
The Calvert Group has filed shareowner resolutions with the major U.S. computer producers, urging them to investigate ways to counteract electronic waste.
Value Funds Enhance Their Value (12/19)
Valuation-oriented social funds perform well amidst mixed financial markets after the exuberance of the last two years.
Empowering Micro-business Entrepreneurs to Succeed (12/17)
A for-profit Washington, D.C. company develops business training tools that are helping educate entrepreneurs in the U.S. and around the world.
Capstone Generates Interest in Microturbines (12/14)
Capstone Turbine Corporation offers environment-friendly alternatives to electricity generation for multiple applications.
Domini Urges SEC to Require Proxy Voting Disclosure (12/13)
In a letter to the U.S. Securities and Exchange Commission chairman, Domini Social Investments outlines the benefits of mutual fund managers disclosing their proxy voting practices to their investors.
Tomato Pickers Boycott Taco Bell for Higher Wages (12/12)
Borrowing a tactic from anti-sweatshop campaigns, tomato pickers seek a sustainable living wage by appealing to Taco Bell, the primary purchaser of the tomatoes they pick.
City of London Principles Anticipate Global Summit on Sustainability (12/10)
The UK financial sector is developing sustainable business principles that it hopes can act as a blueprint for similar principles to be created and adopted at the UN's 2002 World Summit on Sustainable Development.
Study Correlates Shareowner Rights with Strong Stock Price Performance (12/07)
Through the 1990s, stock in firms that preserved shareowner rights outperformed companies that bolstered management's power, according to an academic paper.
Global Energy Providers Score Well in Corporate Responsibility Ratings (12/06)
New study by German research firm Oekom identifies several trends developing worldwide in the power delivery sector.
EC Adopts Sustainable and Responsible Investing with the Launch of Eurosif (12/05)
Social investment forums throughout Europe joined forces to establish Eurosif, which will centralize efforts to promote socially responsible investing on the European continent.
GEMI Elevates Environmental Consciousness from the Bottom to the Top Line (12/03)
The Global Environmental Management Initiative releases a new report promoting environment-friendly methods of enhancing corporate performance.
SIF Reports on Socially Responsible Investment Growth in the U.S. (11/30)
In its biennial report, the Social Investment Forum documents modest gains in socially responsible investments.
Shareowners Increase Social Activism Significantly in 2001 (11/28)
Research released by the Investor Responsibility Research Center reveals upward trends for shareowner activism on social issues.
Bond Funds Thrive in the Bear Market (11/26)
The Calvert Social Bond fund and the Aquinas Fixed Income fund perform well both in the short and long term, stabilizing portfolios in this unstable market.
FTSE4Good Adds Final Two Indexes to its Series (11/21)
FTSE launches the FTSE4Good Global Index and the FTSE4Good US Index, the last two in its series of eight indexes covering the performance of companies practicing corporate social responsibility.
Dutch Banks Act to Save Tropical Rainforest (11/19)
Three major Dutch banks have announced they will restrict loans for palm oil plantation development in Indonesia that results in tropical rainforest destruction.
Environmentalists Attempt to Dam Hydroelectric Project (11/17)
Canadian energy supplier Fortis, Inc. faces strong opposition from environmentalists over its proposed hydroelectric dam on the Macal River in Belize.
The Socratic Method Expands (11/15)
KLD expands the scope of SOCRATES, its database of research reports on issues related to the social and environmental performance of thousands of companies.
Socially Responsible Investing: An Academic Issue? (11/14)
TIAA-CREF opposes enhanced social responsibility for its Social Change Account, despite the fact that the overwhelming majority of the account's investors favor such an initiative.
Activists Dog Animal Research Firm and Its Investors (11/12)
Animal rights proponents protesting European animal research firm Huntingdon Life Sciences have extended their ire to its major U.S. backer, Stephens, Inc.
Directing the Faithful Call for Corporate Social Responsibility (11/08)
An interview with Sister Patricia Wolf, executive director of ICCR, reveals how ICCR has remained a driving force in the corporate social responsibility movement and what might be in store for ICCR in the future.
Greenhouse Gas Protocol Initiative Creates Global Emissions Standards (11/07)
An international consortium of government agencies, NGOs, and businesses creates its own set of standards for reducing greenhouse gas emissions in advance of the Kyoto Protocol.
Socially Responsive Fund Looks Worldwide for Corporate Responsibility (11/06)
Enterprise Global Socially Responsive Fund uses both positive and negative screening in targeting companies both inside and outside the U.S.
Businesses Convey Interest in Sustainable Mobility (11/05)
Report on the challenges of achieving long-term sustainable transportation offers multinational automotive and energy companies, as well as governments, food for thought.
EPA Program Recognizes Better Corporate Environmental Performance (11/02)
Performance Track motivates and rewards businesses that exceed EPA's environmental standards.
Reducing Greenhouse Gases by Making Fizz (11/01)
An innovative venture enables a Shell subsidiary to sell excess carbon dioxide for soft drink manufacturing, but social investors should know that the company is still miles away from being socially responsible.
British Insurers Demand Corporate Social Responsibility (10/30)
The Association of British Insurers recently announced that its members will expect companies to disclose how social, environmental and ethical risks are being handled.
Companies Get Help Building Green (10/29)
The U.S. Green Building Council makes it easier for companies to be more energy efficient and friendlier to the environment by helping them construct "green" buildings.
Norm Thompson Outfitters Dedicated to Greener Catalogs (10/26)
Norm Thompson Outfitters' partnership with Alliance for Environmental Innovation results in the use of recycled paper in all of their catalogs.
Social Investors Press Unocal to Cut Ties to Burma (10/24)
Social investors have become part of a sophisticated, multi-pronged campaign to keep the Burma issue in front Unocal senior management. (part two of a two-part article)
Students Push University of Virginia Out of Unocal (10/23)
Unocal is feeling pressure from activists because the company continues to do business with Burma's ruling military regime. (part one of a two-part article)
Calvert Foundation Launches Donor Advised Fund (10/22)
With a $5,000 minimum, the Calvert Giving Fund enables many investors to reap the multiple benefits of having a donor advised fund.
WRI Recognizes Eco-Friendly Enterprises (10/19)
New Ventures program aims to bring together socially responsible venture capitalists with environment-friendly businesses looking to expand.
Sustainability in the U.S. Sees Hurdles, Future Growth (10/18)
Symposium discusses market hesitance and corporate attraction to embracing sustainability.
Strengthening Communities in Massachusetts and the Northeast (10/16)
Boston Community Capital offers investors opportunities to provide loans and equity for affordable housing, community infrastructure and business start-ups.
New European Sustainability Indexes Launched (10/15)
Four Dow Jones STOXX Sustainability Indexes are introduced to satisfy the growing demand for sustainability benchmarks in Europe.
"New World Order" May Turn Out to Be World Interconnectedness (10/12)
Some social investment industry leaders believe one of the lessons from September 11th should be a focus on the long-term economic and environmental health of the whole world.
Media Corporations Get Less than Rave Reviews (10/11)
German research firm Oekom finds that the largest global media companies have room to improve their social and environmental performance.
Property Flipping Remediation Yields Investment-grade Security (10/10)
Refinancing plan for victims of property flipping in Minneapolis includes mortgage-backed securities for institutional investors (part two of a two-part article).
Property Flipping Robs Homeowners of Money and Credit (10/09)
Community non-profit organizations, private companies, government officials and others cooperate to help victims of a complex predatory lending scheme in Minneapolis (part one of a two-part article).
Mirant Commits $50 Million to Climate Change Solutions (10/05)
Energy company's plans include a more robust and transparent environmental policy.
Research Paper on Corporate Global Environmental Standards Wins Moskowitz Prize (10/04)
For the first time, judges also give Honorable Mention to a paper that provides compelling evidence of no significant cost for actively managed screened portfolios.
Scandinavian Companies Work toward Sustainable Business Model (10/03)
A group of large Nordic companies are participating in an unusual partnership to create their view of a future sustainable company.
ShoreBank Surpasses $1 Billion in Community Development Investment (10/01)
Nation's oldest and largest community development bank passes milestone in serving distressed inner-city neighborhoods.
Book Review: The Civil Corporation (09/28)
The New Economy brings increased competition, faster dissemination of information and the rise of corporate citizenship.
EPA Partners with Businesses to Promote Green Power (09/27)
Voluntary program has enlisted companies, cities, universities and others with the aim of boosting the market for renewable energy.
Shareowners Rally to Defeat Online Annual Meeting Provision in Massachusetts (09/21)
Online annual meetings viewed as reducing shareowners' and the public's ability to hold companies responsible for their actions.
ExxonMobil's Troubled Relationship in Aceh (09/19)
Questions are being raised about ExxonMobil, the world's largest integrated oil company, retaining the Indonesian army and police forces for security.
Ben & Jerry's Co-founder Invests in "Sweat-free" Garments (09/10)
Following the sale of the Ben & Jerry's label to Unilever, Ben Cohen has shifted his focus from ice cream to the clothing industry as a vehicle for social change.
Microsoft Resolution Spotlights Shareholder Concern Over Soft Money (11/13)
A resolution calling for Microsoft to report its political contributions highlights increasing shareholder attention to the corporate influence of elected officials.
Wal-Mart’s First Sustainability Report: Just a Gesture or a Just Account? (00/00)
Many call the biggest retailer’s sustainability report a good first step on a long road.
Wal-Mart’s First Sustainability Report: Just a Gesture or a Just Account? (00/00)
Many call the biggest retailer’s sustainability report a good first step on a long road.