Shareholder Activism / Energy and environment
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
$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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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: 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.
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.
Sysco Agrees to Report to CDP Water (09/26)
CalSTRS withdraws shareowner resolution after foodservice giant agrees to transparent sustainability management strategies.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Shareholder Resolutions on Climate Change to Heat Up ExxonMobil's Annual Meeting (05/30)
A broad coalition of shareholders is seriously concerned about ExxonMobil's lackluster response to global climate change and plans to give thumbs down to board member Michael Boskin.
Nanotechnology: The Smallest Green Revolution? (05/25)
A new report from the Project on Emerging Nanotechnologies touts "green" nanotechnology, and calls for Federal oversight.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
New Exchange Traded Fund Tracks Domini 400 Social Index (11/22)
Barclays Global Investors launches the iShares KLD 400 Social Index ETF.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
PROXY Governance Diversifies Proxy Advisory Choice (12/02)
The new proxy advisory firm expands options for fiduciaries.
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.
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.
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.
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.
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.
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.
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.
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.
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.)
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.
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.
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
ExxonMobil Mocks Climate Change, Maine Treasurer Finds It No Laughing Matter (05/27)
Senior management remains resolute in its disbelief of climate change risk.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.)
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Book Review: Socially Responsible Investment: A Global Revolution (03/11)
A new book is generous in its history of socially responsible investing, but it shortchanges readers with its definition of SRI and its coverage of SRI's globalization.
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.
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.
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.
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.
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.
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.
Staples Commits to Recycled Paper (11/15)
Spurred by social investors and environmental groups, Staples announces an environment-friendly paper procurement policy.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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)
Socially Responsible Shareowner Proposals Continue to Gain Support (09/06)
The number of social issue proposals receiving at least 10 percent support in the 2001 proxy season outpaces that of recent years.
Group Invites Grantmakers to Invest with Their Values (08/22)
The Foundation Partnership for Corporate Responsibility seeks to help foundations bring their investment principles in line with their mission.
Proxy Monitor Buys ISS (08/13)
Move gives one firm significant power in influencing the proxy votes of institutional investors.
Canadian Parliament Votes to Give Socially Responsible Shareowner Proposals Equal Billing (08/02)
New law will limit corporate management’s ability to claim that a proposal “promotes a cause” and therefore should be rejected.
Book Review: The New Global Investors (07/25)
Robert Monks calls on institutional investors to exercise their rights as shareowners and hold senior managers accountable for company performance and practices.
Labor Standards Resolutions Garner Support in 2001 Proxy Season (07/11)
Ten international labor and human rights proposals that came to vote this year received 10 percent or more support from shareowners.
Shareowners Push Companies on Gene-engineered Food (06/27)
This proxy season, shareowner resolutions continue to ask manufacturers and retailers to disclose information about or phase out the sale of gene-engineered food products.
Study Finds More Than One in Four Polluters Seriously Violate Clean Water Act (05/31)
U.S. PIRG report says polluters keep polluting because the government is not doing its job.
Book Review: The Rise of Fiduciary Capitalism (05/30)
The fiduciaries of large institutional investors are finding it is in their interest, as shareowners, to urge corporate social responsibility.
ExxonMobil Feeling Heat on Both Sides of the Atlantic (05/17)
Shareholder resolutions and boycotts put pressure on oil giant to change its stance on global warming and embrace clean energy.
Coke Takes Small Step Toward Recycling; Pepsi Drags Its Heels (05/09)
At recent annual meetings, Coke announces recycling targets while Pepsi says it will talk.
Citigroup Shareowner Resolutions Yield Mixed Results (05/04)
Three of five resolutions achieve thresholds for resubmission next year.
Environmental Groups Endorse Shareholder Resolutions (04/12)
Environmental advocates ask for support for pro-environmental resolutions at a wide range of companies.
BP Amoco Feeling Pressure on PetroChina Holdings (02/20)
Protests held last week support a shareholder resolution demanding BP Amoco's divestiture from Chinese energy company.
Your Company May Have Already Won...the Greenwash Sweepstakes (04/11)
With Earth Day 2000 around the bend, Corporate Watch draws the attention of consumers and investors to corporate "greenwash."
Shareholders Bring Banks to Account for Three Gorges Dam (02/18)
A resolution with three international lenders draws attention to their role in the environmental and human rights costs of China's colossal dam project.
Shareholders Take On Genetically Modified Organisms (01/27)
A suite of resolutions filed by shareholders this year pose a significant challenge to the use of genetic engineering in agricultural products and foods.
Report Finds Oil Industry Responsible for Environmental Impact (01/14)
Transnational Resource and Action Center report calls on stakeholders to confront oil companies and call for "climate justice."
Green Century Co-sponsors Resolution Against ARCO (01/05)
Environmental advocates re-file shareholder resolution calling on oil giant to cancel drilling plans in the Arctic National Wildlife Refuge.