Shareholder Activism / Equality
Investors Target Chevron for Doing Business in Burma (12/16)
A shareowner resolution co-filed by Azzad Asset Management requests that Chevron cease doing business with the government of Burma until state-sanctioned violence against the Rohingya minority is ended.
After the Conventions (07/30)
While it seems implausible that investors concerned with environmental and social justice will vote for Donald Trump, some of the positions take by Hillary Clinton during her years of public service merit scrutiny.
Major Pension Funds Still Funding Deforestation (07/29)
Friends of the Earth and As You Sow create a free online database to help educate individual investors about which retirement funds continue to invest in companies engaged in deforestation for palm oil production.
Banking Lags on Human Rights (07/08)
A report by the NGO BankTrack reveals that most major global banks are failing to implement the UN Guiding Principles on Business and Human Rights in their financing.
Are Big Banks Ignoring Paris Climate Agreement? (07/07)
The seventh edition of the Fossil Fuel Finance Report Card reveals that while some progress has been made in exiting the financing of coal mining, global financial institutions are lagging badly in other extreme fossil fuels and human rights.
$5 Trillion Investor Coalition Supports Human Rights Benchmark (06/24)
The coalition, coordinated by Boston Common Asset Management, hopes that the Corporate Human Rights Benchmark will help improve corporate human rights disclosures and aid investors in their engagement with companies.
Pepsi Challenged on Palm Oil Worker Exploitation (06/21)
A report from three NGOs reveals that violations of workers' rights on the palm oil plantations of PepsiCo's joint venture partner in Indonesia includes child labor.
Second Benchmark of Corporate Human Rights Performance Launches (04/30)
KnowTheChain, founded in 2013 to address California's Supply Chain Transparency Act, will initially benchmark the human rights performance of 20 companies in the information and communications technology industry sector.
Corporate Human Rights Benchmark Launched (03/31)
Members of the Corporate Human Rights Benchmark complete methodology based in part on UN Guiding Principles on Business and Human Rights, and plan to publish the first benchmark of corporate human rights performance in November.
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.
New Revenues Will Pay for Sanders' Economic Plan, Economist Says (02/11)
Gerald Friedman, staff economist for the Center for Popular Economics, analyzes the Sanders economic platform and concludes that new revenue streams make the ambitious plan feasible.
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.
Companies Profiting from Mass Incarceration Mapped for Investors (11/25)
The American Friends Service Committee publishes research on for-profit prison companies and recommends that investors divest their holdings in five.
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.
Investors Support Human Trafficking Legislation (09/25)
More than 100 institutional investors call for passage in Congress of The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015.
The Investment Implications of Mass Incarceration (09/21)
In a three-part series and subsequent conference call, Sonia Kowal of Zevin Asset Management outlines for foundations and other investors the importance of aligning their strategies with their social missions.
Holy Land Principles Calls for Fair Employment in Palestine (09/09)
Modeled on the MacBride Principles of Northern Ireland, the eight Holy Land Principles call on US companies doing business in Israel and Palestine to practice fair employment.
EIRIS Compiles Database of Companies Doing Business in Crimea and Palestine (07/27)
The EIRIS Foundation releases an online database of companies in Crimea and Palestine, providing for investors and other stakeholders objective and independent research about corporate activity in occupied territories.
Corporate Human Rights Benchmark Publishes Draft of Key Performance Indicators (07/11)
The Benchmark publishes two documents about which it seeks input: a framework for multi-stakeholder consultations, and a draft list of key performance indicators.
Consumer Goods Companies Commit to Halving Food Waste (07/10)
Four hundred corporate members of the Consumer Goods Forum commit to a sustainability program that includes halving food waste within their operations by 2025.
Investors Tell Corporations to Meet Burma Reporting Requirements (07/01)
Sustainable investment firms representing more than $40 billion in assets under management write to three corporations doing business in Burma, urging them to comply with the Burma Responsible Investment Reporting Requirements.
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.
Two Years After Tragedy, Fund for Rana Plaza Victims Meets Goal (06/13)
Pressure from members of the Interfaith Center on Corporate Responsibility helps further corporate responsibility in the remediation of human rights violations.
Shareowners Target Amazon on Human Rights and Climate (06/12)
Sustainable shareowners submitted four resolutions addressing environmental, social, and corporate governance issues at this week's annual general meeting, as pressure grows for the company to improve its sustainability performance.
Verite to Assess Trafficking Risks in Sub-Saharan Africa (06/01)
With economies improving and ample natural resources, the region is at heightened risk for human trafficking violations.
Report Assesses Corporate Conflict Minerals Disclosures (05/30)
The Responsible Sourcing Network analyzes the quality of more that 1,000 conflict minerals disclosures by large cap corporations, and find that many fulfilled only minimal requirements.
Rewriting the Rules of the American Economy (05/21)
Nobel Economist Joseph Stiglitz and Senator Elizabeth Warren speak at the Roosevelt Institute about the pressing need to rewrite the rules governing the economy in order to lessen inequality. Second of a two-part series.
Nobel Laureate Joseph Stiglitz Takes on Income Inequality (05/16)
“It would be easier, politically, to push for one or two policies on which we have consensus, but that approach would be insufficient to match the severity of the problems posed by rising inequality,” his new report states. First of a two-part series.
At Yale, John Fullerton Presents on Regenerative Capitalism (05/15)
Speaking to the generation that will have to reverse the course of multiple crises, the founder of the Capital Institute envisions a holistic organization of social systems to replace the current reductionist and competitive approach. Third of a three-part series.
Regenerative Capitalism Seeks Radical Overhaul of Financial System (05/07)
John Fullerton, the founder of the Capital Institute, writes that the transition of an “antisocial” global financial system to one aligned with our understanding that “living systems are both sustainable and regenerative” is underway. But is the evolution decisive enough to solve the crises of our age? Second of a three-part series.
Is Regenerative Capitalism a Spiritual Quest? (05/05)
John Fullerton of the Capital Institute authors an admirable paper on what he calls Regenerative Capitalism, but how do we get from the here of exploitation to there? First of a three-part series.
Two Years after Rana Plaza Tragedy, Investors Still Seek Corporate Assurances (04/28)
A coalition of institutional investors asserts that the systemic changes needed to safeguard garment workers in Bangladesh remain insufficiently financed, even by signatories to the Fire and Safety Accord.
Electronics Trade Association Prohibits Payments to Labor Brokers (04/10)
The amendment to the Electronic Industry Citizenship Coalition's Code of Conduct follows engagement on the issue of payments to labor brokers by members of the Interfaith Center on Corporate Responsibility.
Record Breaking Number of Shareowner Resolutions in 2015 (03/21)
The eleventh edition of As You Sow's Proxy Preview identifies 433 shareowner resolutions filed this year, with corporate political activity and the environment accounting for slightly more than half of them.
Corporations Improving on LGBT Rights (03/20)
Evolution in social acceptance of diversity, as well as years of shareowner engagement by Walden Asset Management, leads to many companies adopting sexual orientation and gender identity policies.
Second Global Sustainable Investment Association Review Published (03/03)
Negative screening persists as the investment strategy most often practiced, but integration of environmental, social, and corporate governance considerations into financial analysis has grown at the fastest rate over the last two years.
Investors Back Reporting Framework for Human Rights (02/28)
The United Nations Guiding Principles Reporting Framework is launched to help corporations report effectively on human rights issues, and gains the support of a $4 trillion coalition of institutional investors organized by Boston Common Asset Management.
Twenty-Five Resolutions on Board Diversity Filed in 2015 (02/21)
Institutional investors affiliated with the Thirty Percent Coalition step up their shareowner efforts to pressure corporations to elect women to their boards of directors
Human Rights Abuses in Burmese Mining Industry (02/19)
A new report from Amnesty International identifies companies from Canada and China that have profited from serious human rights abuses at the Monywa copper mine complex in Burma.
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.
1% to Own More than Half the Wealth by Next Year (01/23)
A briefing by Oxfam reveals that lobbying on budget and tax issues in the US has contributed to enabling the richest 1% of people in the world to compile 48% of global wealth, a percentage that is likely to exceed 50% by 2016.
Sex Trafficking and Murder in North Dakota Fracking Lands (01/14)
Forum News Service publishes expose on human trafficking in the Oil Patch in western North Dakota, while the New York Times reports on corruption and murder on Native American reservation there.
January is Human Trafficking Awareness Month (01/12)
While business increasingly acknowledges its responsibility to help eradicate human trafficking in all its forms, more robust efforts are needed to protect the world's most vulnerable people.
Corporate Human Rights Benchmark Gains Government Support (12/24)
The benchmark, which will rank 500 major corporations in four industry sectors on their human rights performance, wins financial support from the UK government. Second of a two-part series.
Child Labor in African Cocoa Industry Persists (12/22)
Poverty among cocoa farmers in West Africa has challenged efforts to eradicate child labor, while initiative to benchmark corporations in the agricultural and other industry sectors gains support. First of a two-part series.
Efforts Underway to Benchmark Companies on Human Rights (12/04)
A coalition launches project to rank companies on human rights as BankTrack reports that few financial institutions are making progress on the issue.
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.
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.
2014 Access to Medicine Index Published (11/20)
Sustainable investors note improvements by pharmaceutical companies in areas of access and affordability but call for more rigorous codes of conduct and transparency around when patents will expire. First of a two-part series.
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.
ECPAT-USA Continues Private Sector Engagement (10/29)
The organization's efforts to eradicate the commercial sexual exploitation of children have succeeded in encouraging more than 35 companies to implement the Tourism Child Protection Code of Conduct.
Founder of Hope Credit Union Receives 2014 Ned Gramlich Award for Responsible Finance (10/17)
Bill Bynum, CEO of the Mississippi-based Hope Credit Union, is awarded for his efforts to advance economic opportunity in low-income communities.
Is Child Labor in Uzbekistan Cotton Fields Decreasing? (10/16)
As You Sow's Responsible Sourcing Network reports that Tesco, the world's second largest retailer, has signed the Cotton Pledge and will avoid the use of cotton sourced from Uzbekistan until child labor is eliminated.
Only 10% of Distressed Asset Stabilization Loans Require Neighborhood Stabilization (10/10)
A report by the Center for American Progress finds some benefits to homeowners in the Federal Housing Agency program, but recommends that many more be included in the Neighborhood Stabilization pool. Second of a two-part series.
Federal Program Helps Wall Street, not Homeowners (10/08)
Distressed mortgages insured by the Federal Housing Administration are being sold to the highest bidder without regard to neighborhood stabilization. First of a two-part series.
White House Announces Anticorruption Agenda for Business (09/25)
The Obama administrations says it will develop a National Action Plan “to promote and incentivize responsible business conduct, including with respect to transparency and anticorruption.”
Widespread Forced Labor in Malaysian Electronics Industry (09/19)
A study by Verite finds that nearly one-third of foreign migrant workers in the Malaysian electronics industry work under conditions of forced labor.
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.
Thai Company Sues Activist for Revealing Human Rights Abuses (09/03)
Instead of addressing human rights violations in its workplace, Natural Fruit sues British activist Andy Hall for defamation, a charge that could land him in jail for eight years.
Militarization of American Policing a Nationwide Problem (08/23)
An ACLU report originally published in June gains especial relevance in the wake of the paramilitary response to civil unrest in Ferguson, Missouri.
Heavy Construction Equipment and the Israeli Occupation (08/21)
Who Profits, a research organization based in Tel Aviv, issues a report analyzing the role of heavy equipment manufacturers in supporting Israeli occupation of Palestinian territories.
Online Petition Urges Pope to End Mandate Against US Nuns (08/11)
Despite the compassionate message of Pope Francis publicized widely by the Vatican, the effort to put Women Religious in their proper place in a patriarchal hierarchy persists.
Investors Pressure Ralph Lauren on Human Rights (08/09)
Members of the Interfaith Center on Corporate Responsibility attend annual shareowner meeting of Ralph Lauren to support a resolution filed by the AFL-CIO requesting that the company conduct a human rights risk assessment.
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.
UN Contemplates Rules Governing Transnational Corporations and Human Rights (07/11)
A resolution adopted by the United Nations' Human Rights Council, seeking to establish an international human rights law governing transnational corporations, is opposed by the United States and most European Union nations.
Privatization Harms Public Services (07/05)
A working paper published by the UK-based New Economics Foundation calls for a model of co-production of social services, in which front-line service providers and service recipients collaborate.
Human Rights Groups Commend State Department for Action on Thailand (06/23)
The 2014 Trafficking in Persons Report downgrades the status of Thailand due to widespread human trafficking and official corruption in the country's lucrative seafood industry.
Investors Tell FedEx to Distance Itself from Racist NFL Team Name (06/21)
FedEx has naming rights to Washington DC stadium that is home to the Washington Redskins, the professional football team under increasing pressure to change its racist name.
Pope Francis Calls for Sustainable Investment to Help the Poor (06/20)
At a symposium on impact investing held this week at the Vatican, the Pope calls on the capital markets to serve the good of humanity.
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.
House Bill Calls for Corporate Disclosure of Human Trafficking Risks (06/12)
Investors issue statement in support of bill introduced this week that will require companies to disclose policies addressing human trafficking in their supply chains.
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.
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.
US House Passes Human Trafficking Bills (05/22)
Strong bipartisan support for a package of bills that encourage states to provide social services to victims of forced prostitution and impose additional penalties for those engaged in human trafficking.
EIRIS Launches Investment Watch for Burma (05/21)
After President Obama issues an Executive Order continuing the national emergency in Burma, the EIRIS Conflict Risk Network establishes an Investment Watch for Burma to help investors determine the reporting transparency of companies doing business there.
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.
Kidnapping of Nigerian Girls Reminder of Persistence of Slavery (05/14)
Members of the Interfaith Center on Corporate Responsibility call the kidnapping a tragic reminder of the prevalence of human trafficking.
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.
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.
Investors Mark Anniversary of Rana Plaza Tragedy (04/25)
A coalition of institutional investors organized by the Interfaith Center on Corporate Responsibility issue a statement calling on apparel brands and retailers to ensure that the human rights of workers in supply chains are being honored.
Tullow Oil Expands Disclosure of Payments to Governments (03/24)
The voluntary disclosure of payments on a project level is the first by an oil and gas company, and comes while the American Petroleum Institute seeks to weaken a proposed Securities and Exchange Commission rule on payments to governments.
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.
Hershey Exceeds Target for Sourcing Sustainable Cocoa (02/07)
Shareowner engagement by members of the Interfaith Center for Corporate Responsibility helps the Hershey Company exceed its commitment to ensuring that 10% of its cocoa supply would be certified by 2013.
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.
No More Gestation Crates, Tyson Foods Tells Farmers (01/24)
Green Century Capital Management and co-filers withdraw shareowner resolution after world's largest meat processor asks contract farmers to improve housing standards for pigs.
Genocide-Free Proposal to Stay On Proxy Ballot at Franklin Templeton (01/11)
After the SEC rules against Franklin Templeton's request to have the resolution omitted, Investors Against Genocide will return to the mutual fund family's next annual meeting and renew call for a genocide-free investment policy.
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.
At-Risk Industries Urged to Address Human Trafficking in Supply Chains (12/11)
The Interfaith Center on Corporate Responsibility announces that members will engage with companies in the food-agricultural and hospitality sectors to ensure that human rights in supply chains are being met.
Nelson Mandela (12/09)
Not only was the late South African leader an icon for international justice and peace; his struggles against apartheid have had a lasting impact on the quest of sustainable investors for social justice in capital markets.
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.
Resource Addresses Human Trafficking in Corporate Supply Chains (10/23)
The Know the Chain initiative, whose investor partners include the Interfaith Center on Corporate Responsibility and the Responsible Sourcing Network, seeks to document corporate compliance with California's new law governing human trafficking.
Coalition of Brands and Retailers Refuse to Source Uzbek Cotton (10/15)
The Responsible Sourcing Network announces that recent signatories to the Company Pledge Against Forced Child and Adult Labor in Uzbek Cotton bring to 136 the number of companies refusing to knowingly source cotton harvested by child labor.
Shareowners Question FedEx over Washington Redskins (10/08)
A floor resolution at the company's annual meeting cites global human rights standards in asking for a report on the impact of ending a business relationship with the NFL team over racist nickname.
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.
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.
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.
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.
Tyson Shareowners Call for Humane Treatment of Animals (08/19)
Green Century Capital Management is co-filer of a resolution requesting that meat processing company report on risks associated with the use of gestation crates for pigs.
Investors Renew Call for Genocide-Free Investing at ING (08/12)
More than a year has passed since a majority of shareowners supported a resolution sponsored by Investors Against Genocide, but the financial services firm continues to refuse to implement a genocide-free investment policy.
Boston Common Asset Management Receives Business Leader in Human Rights Award (06/29)
The sustainable investment firm is honored by the Political Asylum/Immigration Representation Project for promoting attention to human rights issues in the corporate sector.
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.
Coalition of Investors Voices Support for Conflict Minerals Rule (06/03)
Expressing their disagreement with a lawsuit filed by the US Chamber of Commerce and industry trade groups, the group states that improved disclosure and reporting on social risk factors will protect investors.
Loopholes in Commitments to Human Rights by US Businesses, UN finds (05/06)
While the US Government has committed to the UN Guiding Principles on Business and Human Rights, the UN Working Group on business and human rights finds that US companies fall short of standards.
Investors Call for Meaningful Immigration Reform (04/23)
A coalition of investors associated with the Interfaith Center on Corporate Responsibility call for immigration reform that includes a pathway to legal status and protects the rights of immigrants in US workplaces.
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.
Financial Firms Agree to Disclose Diversity Information (04/10)
The New York City Pension Funds have reached agreement with three financial companies that will make public their EEO-1 data on diversity.
EU Mandates Disclosure of Payments to Governments (04/09)
Transparency International says that with the European mandate joining rules enacted by the Securities and Exchange Commission in the US, 90% of companies in the extractives industries will be required to disclose payments to governments.
From Divestment to a Sustainable Investment Strategy (04/08)
The authors of Crossing Thresholds: From Fossil Fuel Divestment to Sustainable Investment argue for the inclusion of environmental and social thresholds in investment decision-making and corporate management.
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.
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.
Proposal Challenges TIAA-CREF on For-Profit Health Insurance (03/07)
Advocacy groups urge the pension fund to divest its holdings in private health insurance companies, arguing that the industry has a well-documented history of unethical behavior and abuses.
Investors Highlight Human Rights in Corporate Engagement (03/05)
A new report builds upon the Guiding Principles on Business and Human Rights to provide investors with tools for assessing the human rights performance of companies.
Divestment can be a Fiduciary Duty (02/22)
Adam Kanzer of Domini Social Investments that divestment of holdings in firearms manufacturers is an appropriate response to tragedies such as the killing of children in Newtown.
Statoil Breaks with Trade Association over Lawsuit (02/11)
Calvert Investments commends Statoil for explicitly distancing itself from lawsuit filed by the American Petroleum Institute that contests SEC regulation governing payments to governments.
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.
RepRisk Names Ten Most Controversial Companies in 2012 (02/04)
This year, the annual list from the Swiss-based environmental and social data provider focuses on poor labor conditions and human rights violations as well as bribery, fraud and money laundering.
Many Industry Sectors Unprepared for Conflict Minerals Rule (02/01)
A report from the Responsible Sourcing Network finds that leading companies in the information and communications industry have undertaken initiatives to ensure that their supply chains are free of conflict minerals, but few other industry sectors have done so.
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.
Genocide-Free Investing Proposal on Proxy Ballot at Franklin Templeton (01/26)
For the first time in at least 19 years, investors in the mutual fund will vote on a shareowner resolution, calling on the company to adopt policies to avoid investing in companies that contribute to genocide.
Trillium Engagement Leads to Non-Discrimination Policies at Four Companies (01/24)
While employment discrimination against lesbian, gay, bisexual, and transgender remains common, a majority of Fortune 500 companies now include protections in their employment policies.
Briefs Supporting SEC Filed in Lawsuit Challenging Transparency Rules for Extractives (01/18)
Oxfam America and members of Congress argue that a rule mandating disclosure of payments to governments will contribute to stability and help investors make informed decisions.
Sustainable Investment Assets Continue Growth in Canada (01/17)
The biennial report by the Social Investment Organization of Canada reveals that sustainable assets under management now represent 20% of the total.
Feds Hand Foreclosure Relief over to Banks (01/08)
The Office of the Comptroller of the Currency and the Federal Reserve Board reach an agreement with ten mortgage servicers that will end the Independent Foreclosure Review and instead provide $3.3 billion in direct payments to eligible borrowers.
Top Sustainable Investment Stories of 2012, Part 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 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.
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.
Pharmaceutical Firms are Improving Access of World's Poor to Medicine (11/29)
The 2012 Access to Medicine Index finds that the pharmaceutical industry has improved its performance in delivering products to developing nations, but needs to improve lobbying transparency and oversight of clinical trials.
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.
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.
SEC Refuses to Delay Extractives Transparency Rule (11/10)
The Commission tells industry trade association that rule governing disclosure of payments to governments will be implemented as scheduled, despite pending lawsuit challenging its validity.
For Sustainable Investors, Obama or Romney? (11/05)
The candidates differ markedly on climate change, financial reform, and health care, issues on which sustainable investors have engaged with corporations for many years.
Senate Republicans Quash Findings on Wealth Inequality (11/03)
After the Congressional Research Service issues a report finding no correlation between economic growth and lower tax rates for the wealthiest, Senate Republicans force its withdrawal to protect the party orthodoxy on taxes.
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.
Food and Agriculture Industry Lags in Assuring Worker Equity (10/29)
A report by Sustainalytics and Tellus Institute describes workers' rights as less of a priority for companies in the sector than consumer health, environmental impact, and animal welfare.
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.
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.
Investors Report on Campaign to Address Human Trafficking at London Olympics (10/08)
A coalition of investors led by Christian Brothers Investment Services report that all but one of 33 corporations responded to its letter on the issue, and a number have taken concrete steps to address human trafficking.
Growth of Sustainable Investment in Europe Continues to Outpace the Overall Market (10/06)
In its fifth biennial survey of sustainable investment in Europe, Eurosif identifies norms-based screening as the fastest-growing strategy, and urges improved communications to encourage greater uptake of sustainable investment by retail investors.
As Burma Sanctions Ease, Human Rights Advocates Urge Caution (09/28)
Shareowner advocate Simon Billenness is preparing a draft of guidelines for corporations seeking to do business in Burma, and Nobel Peace Prize recipient Daw Aung San Suu Kyi urges corporate transparency to ensure that human rights are honored.
Extractives Commitment to Human Rights Improving (09/27)
But research from Oxfam America indicates that policies supporting Free, Prior, and Informed Consent must include a transition from resource extraction to development partnerships.
Is Self-Made Wealth a Myth? (09/25)
United for a Fair Economy analyzes the Forbes 400 list of wealthiest Americans, finding that 40% inherited considerable wealth, while a quarter earned their wealth through investment.
Occupy Movement Celebrates First Anniversary (09/18)
Despite efforts to marginalize its accomplishments, the Occupy Movement has succeeded in keeping the issue of wealth inequality in the forefront of the national consciousness.
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.
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.
SEC Issues Rules on Conflict Minerals and Payments to Governments (08/24)
Responses by sustainable investors and other stakeholders to payments to governments in resource-rich countries is generally positive, but concerns are voiced over provisions in the conflict minerals regulation. Second of a two-part series.
Concerns Voiced over Easing Burma Investment (07/25)
An executive order lifting ban on investment in Burma allows US companies to enter the country's energy sector, raising concerns over lack of transparency and ties to the military.
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.
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.
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.
Guidance for Corporate Respect for Children Is Published (06/12)
Children are Everyone's Business, a workbook published by UNICEF, guides companies in the integration of children's rights into core business practices.
Advocates for a Fair Economy Call for End to Payday Lending by Banks (06/06)
A coalition including several sustainable investment organizations ask federal regulators to investigate banks offering payday lending, which can trap low-income borrowers into a cycle of debt with interest rates as high as 417%.
Zevin Asset Management Calls for Net Neutrality at Wireless Firms (06/04)
The Boston-based investment firm writes to AT&T and Verizon, asking them to ensure that net neutrality is maintained and that the wireless providers refrain from imposing discriminatory fee structures.
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.
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.
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.
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.
Investors Call for Steps to Eliminate Sex Trafficking at London Olympics (05/08)
ICCR members and other investors write to airlines, hotel chains, and corporate sponsors of the Games, and launch website to encourage public involvement in ending human sex trafficking.
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.
Investors Speak Out on Wal-Mart Bribery Allegations (04/25)
Members of the Interfaith Center on Corporate Responsibility, who have been engaging with the retail giant on social issues for decades, express their dismay over allegations of bribery and subsequent efforts to impede an investigation.
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.
JPMorgan Chase Faces Investing in Genocide Resolution (04/13)
For the second year, Investors Against Genocide submits shareowner proposal addressing JPMorgan Chase's extensive holdings in PetroChina, a corporate contributor to genocide in Sudan.
Companies Advised to Address Risks in Supply Chains (04/12)
A Procurement Report from Eurosif establishes the business case for addressing environmental and social risks in corporate supply chains, and recommends that investors assess the exposure of companies in their portfolios.
Trillium Urges Verizon Shareowners to Support Net Neutrality (04/09)
A letter sent to shareowners by the investment management firm outlines the economic and social case for continued net neutrality at the wireless telecommunications company
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.
Business is Encouraged to Uphold Children's Rights (03/12)
The Children's Rights and Business Principles call on companies to expand their commitment beyond child labor and develop policies and due diligence to actively ensure that the rights of children are respected.
Representation of Women on Boards Tops Ten Percent for First Time (03/08)
GovernanceMetrics International's annual report on gender diversity on corporate boards finds incremental improvements, but also that marked disparities persist between industrialized and emerging economies.
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.
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.
Principles for Investors in Inclusive Finance Publishes Compendium of Case Studies (02/16)
The Principles for Investors in Inclusive Finance wraps up its first year with case studies designed to help provide sustainable financial products and services to the world's poor.
Only 9% of Fund Managers Incorporate ESG Factors (02/15)
Mercer's evaluation of environmental, social, and corporate governance uptake by fund managers reveals that there is considerable room for improvement in how they communicate ESG integration to investors.
ICCR Focuses on Dialogues More than Resolutions in Corporate Engagement (02/14)
SocialFunds.com talks with Laura Berry about the Interfaith Center on Corporate Responsibility's shift in emphasis from filing shareowner resolutions to corporate engagement through dialogues.
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.
Investors Team with Law Enforcement Professionals to Combat Sex Trafficking at Super Bowl (01/31)
Interfaith Center on Corporate Responsibility members warn that child sex trafficking increases during large sporting events, and engage with Indianapolis hotels to raise awareness of the risk at this year's Super Bowl.
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.
Microsoft Says Worker Dispute at Foxconn Plant Resolved (01/12)
Suicide threats by protesting workers at Chinese manufacturing plant recalls 2010 deaths of workers at another Foxconn plant in China.
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.
Shareowner Activists Pressure Chevron for Transparency Over Payments to Burmese Regime (12/23)
Amid news of a possible normalization of relations between the US and Burma, sustainable investors and other activists argue that most of Chevron's payments line the pockets of the military. First of a two-part series.
ICCR Calls on Drug Companies to Join Medicines Patent Pool (12/01)
On World AIDS Day, members of the Interfaith Center on Corporate Responsibility reiterate their support for providing medicine to HIV-positive people in developing countries, and call on drug companies to do their part by joining the Medicines Patent Pool.
Investors Provide Guidance for Compliance with California Transparency in Supply Chains Act (11/18)
Companies are encouraged to go beyond compliance with law and enact policies that commit them to addressing human trafficking in their supply chains.
Praxis Targets Cell Service Providers in Conflict Minerals Campaign (11/17)
SocialFunds.com talks with Mark Regier of Praxis Mutual Funds about the launch of campaign to bring cell service providers into the conversation about conflict minerals.
Zuccotti Park Cleared of Occupy Protesters (11/15)
Police action to remove activists from original Occupy Movement encampment occurs two days before planned rally to shut down Wall Street.
Will California Law Help Eradicate Human Trafficking? (10/29)
A white paper from Verite argues that companies need to go beyond compliance with the law to effectively address forced labor and human trafficking throughout their supply chains.
Time to Improve the Equator Principles, BankTrack Says (10/24)
As the Equator Principles Association prepares a draft of new principles, BankTrack calls for increased transparency and more attention to climate change and human rights.
How Occupy Wall Street and Sustainable Investment are Aligned (10/21)
SocialFunds.com talks with Sonia Kowal of Zevin Asset Management about social unrest and its impact on the prospects for long-term sustainable investment.
ICCR Celebrates Forty Years of Shareowner Activism (09/28)
More than 300 attend event that included a panel discussion on corporate responsibility and an eloquent address by Paul Neuhauser on shareowner action to end apartheid in South Africa.
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.
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.
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.
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.
From ICCR, Fewer Shareowner Resolutions but More Effective Engagement (07/07)
SocialFunds.com talks with Executive Director Laura Berry about the 2011 proxy season and her reasons for optimism over engagement with corporations.
ICCR Leads Investor Effort to Address Human Trafficking in Corporate Supply Chains (06/27)
A coalition of over 90 investors calls on 27 companies in six high-risk industry sectors to join in multi-stakeholder initiatives to combat a practice that currently enslaves tens of millions of men, women, and children.
UN Human Rights Council Endorses Guiding Principles on Business and Human Rights (06/22)
Authored by Special Representative John Ruggie, the Principles state that business enterprises are responsible for remediation of human rights violations in which they are involved.
WikiLeaks Cable Describes US State Department Efforts to Undermine Minimum Wage in Haiti (06/22)
After Haitian Parliament passed a law increasing minimum wage for textile workers to five dollars a day, US Embassy Deputy Chief of Mission David Lindwall wrote that it "appealed to the unemployed and underpaid masses."
As Violence Erupts Again in Sudan, Investors Call for Engagement (05/27)
An Investor Statement by the Sudan Engagement Group of the Principles for Responsible Investment, issued before this week's occupation of Abyei, calls for awareness of risks associated with doing business in conflict areas.
Trillium Asks SEC to Investigate Chevron Disclosures (05/25)
Discrepancies in assessing the impact on the company of an $18 billion judgment in Ecuador raise questions about the disclosures included in SEC filings.
Investors Call for End to Human Trafficking in Corporate Supply Chains (05/24)
The Interfaith Center on Corporate Responsibility issues a statement detailing ethical and financial cases for addressing human trafficking in supply chains, and sends letters to 25 companies calling for comprehensive policies on the issue.
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.
Investors Support UN Business and Human Rights Mandate (06/11)
Coalition of socially responsible investors sends a letter to the United Nations Human Rights Council supporting businesses' responsibility for human rights.
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.
Disney and McDonald's Take Steps to Protect Global Labor (05/13)
In partnership with prominent stakeholders, the two companies strive to improve working conditions in factories overseas while new data shows an uptick in companies monitoring suppliers' labor practices.
Shareholders Vote For Genocide-free Investing (04/01)
Fidelity shareholders weigh in on genocide-free mutual funds.
SEC Sacrifices Shareholder Rights to Achieve Temporary Certainty (12/11)
Instead of reaffirming shareholder rights to file resolutions to nominate directors, the SEC cites uncertainty as a rationale for stripping these rights.
Equalizing the Economic Playing and Farming Fields (12/05)
Equity Trust invests in farms, non-profits and communities, helping people take charge of their economic futures.
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.
Where in the World is Corporate Responsibility? (09/15)
EIRIS' new report "The State of Responsible Business" details growing corporate responsibility in businesses worldwide.
Excessive CEO Compensation Hurting US Companies and Society (09/14)
A new report claims that excessive executive compensation in the US is taking a staggering economic and social toll on American society, threatening leadership in the business, government, and nonprofit sectors and creating instability in the economy.
The Subprime Meltdown and SRI: Engage, Avoid, Predict (09/12)
Shareowner activists engaged banks on predatory lending long before the subprime crisis climaxed, and SRI research predicted the meltdown in time to avoid some impacts.
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.
Fidelity Divests Large Chunk of Sudan-Related Holdings (05/22)
Despite similar pressure from Sudan divestment activists, Warren Buffett and Berkshire Hathaway retain holdings in PetroChina, which is linked to genocide in Darfur.
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.
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.
Shareowner Activism Precedes Development of SRI Slavery Screen (03/27)
Most slavery exists far up the supply chain, and auditing practices do not yet exist to monitor for slavery at second- or third-tier suppliers, so it is too early to enact an enforceable slavery screen.
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.
Proxy Votes on Sexual Orientation Nondiscrimination Draw Strong Support (02/05)
Shareholder resolutions calling for equal rights for all employees at Commercial Metals and Micron highlight growing support for companies to include sexual orientation in their nondiscrimination policies.
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.
Marriott Combats Child Sexual Exploitation (12/11)
Shareowner engagement by Boston Common Asset Management and the First Swedish National Pension Fund prompts Marriott to explicitly address child sex tourism in its human rights policy.
Pharma Companies Need to Keep Improving AIDS Response, Says ICCR and Nigerian Doctor (12/01)
Chukwumuanya Igboekwu of Physicians for Social Justice adds his own critiques to the Interfaith Center on Corporate Responsibility study on pharmaceutical industry shortcomings in addressing AIDS.
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.
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.
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.
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.
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.
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.
Missouri Treasurer Implements Anti-Terrorism Screen on State Fund (06/28)
The screen excludes Sudan as a state sponsor of terrorism, not necessarily as a genocidal regime, distinguishing this strategy from other Sudan-related state divestment strategies.
Semantics and Semitics: Presbyterian Church Investment to Focus on Israeli-Palestinian Peace (06/26)
A recommendation approved by the church General Assembly apologizes to Jews and refines language while reaffirming commitment to corporate engagement with divestment as last resort.
Stratfor Analysis Says Rise in Support for Shareowner Activism is Hitting a Plateau (06/22)
The analysis suggests that corporate executives are building up a tolerance to higher resolution votes; mutual fund proxy voting transparency represents the next frontier for shareowner activists to boost votes.
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.
Corporate Shenanigans: Companies Dis Shareowners at Annual Meetings (06/09)
Home Depot exemplifies a phenomenon of companies manipulating annual meeting protocols to disempower shareowners, following in the footsteps of Weyerhaeuser, Whole Foods, and others.
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.
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.
Wal-Mart Discloses Equal Employment Opportunity Data (04/14)
The company joined six others in the S&P 100 that publicly disclose their EEO-1 report, but Wal-Mart still faces shareowner action on union-busting and selling gems mined in Burma.
Bush Administration Proposes Axing Equal Opportunity Survey (04/06)
The survey gathers tenure-track and compensation information by gender and race that is unavailable elsewhere, prompting socially responsible investors and others to oppose the move.
White House and Interfaith Center on Corporate Responsibility Address Pediatric AIDS (03/24)
Bush Administration launches a new public-private partnership on Pediatric AIDS, an area where ICCR engages pharmaceutical companies in shareowner advocacy.
Facing Campaign on Farm Working Conditions, McDonald's to Heed Independent Study Results (03/22)
The Coalition of Immokalee Workers urges McDonald's to improve farm working conditions, which the company is addressing through a study by the Center for Reflection, Education, and Action.
Thirty Years and Counting: Cofounder Wayne Silby Recounts the Birth of Calvert (03/18)
To celebrate the thirtieth anniversary of Calvert, SocialFunds.com speaks with co-founder Wayne Silby about its genesis, development, and future.
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.
IT Company Collusion with Chinese Authorities to Repress Free Expression Shorts Shareowner Value (02/17)
Boston Common Asset Management submits testimony to congressional hearings asserting that protecting shareholder value and respecting human rights are not mutually exclusive mandates.
Book Review: Economic Apartheid in America: A Primer on Economic Inequality & Insecurity (02/16)
The revised and updated edition of this text (originally published in 2000) examines how excessive executive compensation contributes to the widening gulf between rich and poor.
KLD and ISS Offer Research Tools for Divesting from Sudanese Genocide and Terrorism (02/07)
The KLD tool focuses narrowly on the Illinois law mandating divestment from companies doing business with the Sudan; the ISS tool focuses beyond divestment and on other state sponsors of terrorism.
Using Mutual Fund Proxy Voting Data to Promote More Conscientious Voting (02/03)
The final installment of this multi-part series steps back to consider the implications of the findings and how to harness them to push mutual funds to support corporate social responsibility.
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.
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.
Socially Responsible Investing Advances Anti-Racism in Helping Rebuild New Orleans (12/12)
In addition to supporting community investment and leveraging influence through shareowner advocacy, social investors can help rebuild in the aftermath of Katrina by naming root problems.
PROXY Governance Diversifies Proxy Advisory Choice (12/02)
The new proxy advisory firm expands options for fiduciaries.
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.
Tearing Down the Great Firewall (11/08)
Social investors issue a statement holding information technology companies accountable for collusion with repressive regimes such as China that stifle dissent expressed on the Internet.
Book Review--The Challenge to Power: Money, Investing, and Democracy (11/07)
John Harrington compiles voluminous evidence to diagnose what ails modern corporatocracy, and prescribes a comprehensive cure with socially responsible investing playing a key role.
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.
Labor Day List Celebrates Corporate-Union Collaboration (09/02)
The inaugural list launched by American Rights at Work spotlights positive relationships between companies and their workers.
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.
Students and States Seek to End Genocide in Sudan Through Divestment Campaigns (06/01)
Students urge Stanford University to follow in the footsteps of Harvard University by divesting, and urge California senators to pass legislation like Illinois did.
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.
IFC Urged to Include Corporate Screens and Address Climate Change in New Standards (05/13)
A group of socially responsible investment practitioners recommends revisions to new International Finance Corporation social and environmental sustainability standards.
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).
Taco Bell Agrees to Pay Florida Tomato Pickers A Penny More Per Pound to End Boycott (03/09)
Shareowner activists will also withdraw their resolution if parent company Yum! Brands agrees to join agricultural supply chain working group to address industry-wide reform.
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.
World Economic Forum Report Finds Decreasing Corporate Awareness and Response to AIDS (01/20)
The report also finds an increase in companies adopting HIV/AIDS policies, a trend confirmed by the Global Business Coalition on HIV/AIDS.
Top Five Socially Responsible Investing News Stories of 2004 (01/11)
Shareowner engagement shifted from confrontational to collaborative, sustainability analysis fused with financial analysis, and fiduciary duty expanded to include social and environmental issues.
Addressing the Israel-Palestine Conflict Through Shareowner Action and Selective Divestment (01/06)
Part two of this two-part article examines the Presbyterian Church USA's policy of "phased, selective divestment" and the Episcopal Church's decision to study the issue before responding.
To Divest or Not to Divest: Ethical Considerations of Addressing the Israel-Palestine Conflict (01/05)
Part one of this two-part article examines across-the-board divestment from companies profiting off Israeli policies that harm Palestinians, and the case against divestment.
Dell and Starbucks First Companies to Endorse Calvert Women's Principles (12/22)
The two companies publicly commit to implement the code in their business practices, setting a precedent for other companies to follow in promoting parity for women in business.
Divesting from Genocide: More Conversation with Eric Reeves of the Divest Sudan Campaign (12/14)
In part two of this two-part interview, Mr. Reeves discusses the significance of actions by the investment and legislative communities to address the humanitarian crisis in Sudan.
Divesting From Genocide: A Conversation with Eric Reeves of the Divest Sudan Campaign (12/10)
In part one of this two-part interview, Mr. Reeves explains why shareowner action and direct dialogue with companies operating in Sudan is not an option in the context of genocide.
Abortion, Sexual Orientation Reveal Diversity of Socially Responsible Investment (10/15)
The umbrella of socially responsible investment encompasses a wide diversity of values, running the gamut from social progressivism to cultural conservatism.
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.
The Value of Transformation: The Catholic Equity Fund (08/11)
After transforming itself from three actively managed funds into one index fund, the Catholic Equity Fund works to transform corporate practice through shareowner advocacy.
Can Corporate Social Responsibility Put the Brakes on HIV in Africa? (08/04)
A field report from Africa by Dan Rosan of the Interfaith Center on Corporate Responsibility.
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.
Calvert Group Launches Code for Corporations to Profit by Promoting Gender Equality (06/29)
Calvert links equality for women to sustainable development, making the ethical and business cases for implementing its corporate code of conduct for empowering women.
The Emergence Story Behind Indigenous Peoples Rights Screens (06/10)
Socially responsible investment firms also engage in shareowner action on indigenous peoples rights issues.
ExxonMobil Mocks Climate Change, Maine Treasurer Finds It No Laughing Matter (05/27)
Senior management remains resolute in its disbelief of climate change risk.
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.
Jewish Institutional Investors Form Shareholder Engagement Network (04/30)
The Jewish Shareholder Engagement Network is based on the notion that Jewish tradition supports such shareowner action as active proxy voting and dialogue with companies.
First-Year Resolution on HIV/AIDS Garners Significant Support at Pharmaceuticals (04/29)
The HIV/AIDS pandemic threatens human life and shareowner value, according to a shareowner resolution filed at companies in the pharmaceutical, oil, and beverage sectors.
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.
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.
Occidental To Adopt Formal Human Rights Policy, Shareowners Withdraw Resolution (03/18)
Successful shareholder action results in steps towards Occidental formalizing its human rights policy.
Five Companies Comply with Terms of Shareowner Resolutions in One Week (02/24)
In less than seven days, Dover, Masco, Cinergy, AEP, and Bank of Montreal all abided by the requests of investors, a major achievement for shareowner action.
Fifth Third Bank Shareowners To Decide on Sexual Orientation Non-Discrimination Policy (02/20)
In an unusual move, Fifth Third Bank is leaving it up to its shareowners to decide by their proxy vote whether or not the company will adopt a sexual orientation non-discrimination policy.
Cintas Defamation Suit Challenges Shareowner Free Speech Rights (02/10)
Cintas files a defamation lawsuit against Tim Smith of Walden Asset Management for alleging that the company uses sweatshop labor in Haiti.
‘Tis the Season to Bar Sexual Orientation Discrimination (12/26)
The New York City Employees Retirement System files a shareowner resolution asking 11 Fortune 500 companies to explicitly bar sexual orientation discrimination.
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.)
Women Sit in Less Than a Seventh of Fortune 500 Board of Director Seats (12/11)
According to a new Catalyst report, women will inhabit less than a quarter of Fortune 500 board director seats by 2023, though regulations and shareowner action may change this.
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.
British American Tobacco Reluctantly Exits Myanmar (11/07)
Bowing to pressure from activists and the UK government, BAT sold its interest in its Myanmar operation, though it will continue to license its cigarette brands there.
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.
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.
SEC Report on Shareowner Nomination of Directors Opens Some Doors, But May Close Others (07/18)
A recent SEC report recommends several solutions for allowing shareowners access to director nominations, but social investors worry it may not solve some problems.
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.
Will Dover Heed Shareowners' Loud Call for Sexual Orientation Nondiscrimination? (04/29)
Almost half of Dover shareowners want the company to explicitly add sexual orientation to its nondiscrimination policy, but the company has yet to commit to such a decision.
The Answer to the Coffee Crisis? Farmers Want Fair Price, Kraft Says Increase Demand (04/25)
Calls for fair prices and Fair Trade Certified coffee by social investors, coffee farmers, and Oxfam go unheeded by Kraft.
Ford and Fannie Mae Top List of 50 Best Companies for Diversity (04/24)
DiversityInc's new corporate survey strives to identify the business value of diversity.
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.
The Black and White and Gray Areas of Military and Weapons Screening (02/28)
Most social investors screen out companies that derive revenue from military-related products and services or weapons manufacturing. However, a zero tolerance screen is unusual.
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.
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.
Top Five Social Investing News Stories of 2002 (01/14)
The major social investing news stories of the year include significant corporate governance reforms and the success of community investment.
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.
Record Shareowner Vote Prompts Cracker Barrel to Bar Sexual Orientation Discrimination (12/12)
Reversing more than a decade of opposition, Cracker Barrel's parent company bars sexual orientation discrimination in it Equal Employment Opportunity policy.
SRI Gains Momentum in University and College Endowment Investments (12/04)
U.S. academic institutions are increasingly applying socially responsible investment principles, although not comprehensively.
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.
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.
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 Vote Keeps Pension Plan an Issue with AT&T (07/16)
A resolution calling for employee choice in selecting pension plans can be resubmitted next year, and a resolution seeking to strike sexual orientation from AT&T's nondiscrimination policy is soundly defeated.
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.
Calls for Shareowner Action Continue to Rise on U.S. Campuses (06/05)
Swarthmore this year became the first college to singly file a shareowner resolution since the end of the anti-apartheid movement, and campuses across the U.S. are calling for divestment from Israel.
EMC Shareowners Vote for a More Independent and Diverse Board (05/15)
At the recent EMC annual meeting, a board independence resolution received majority support, while a board diversity resolution easily surpassed the SEC threshold for resubmission.
Fund Applies Socially Responsible Investing Principles to South African Markets (05/13)
Fraters Earth Equity Fund promotes positive corporate governance by engaging with the South African companies in which it invests.
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.
EMC Proxy Card Leaves Shareowner Voters in the Dark (04/03)
EMC apparently violated SEC regulations by omitting descriptions of two shareholder resolutions on its 2002 proxy card, according to proposal filers and proxy voting experts.
Survey Holds Money Managers Accountable (04/02)
A recent AFL-CIO survey may prod money managers to examine their proxy voting on labor issues, but some in the social investment community note that the interests of organized labor and social investors sometimes diverge.
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.
Shareowners Increase Social Activism Significantly in 2001 (11/28)
Research released by the Investor Responsibility Research Center reveals upward trends for shareowner activism on social issues.
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.
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.
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.
Citigroup Shareowner Resolutions Yield Mixed Results (05/04)
Three of five resolutions achieve thresholds for resubmission next year.
Shareholder Resolution Vote Nudges Emerson on Equality (03/07)
Support from shareholders at annual meeting pushes electronic manufacturer to reconsider implementing a sexual orientation non-discrimination policy.
Citizens Funds Makes Gains on Board Diversity (05/23)
Three shareholder resolutions meet with success, highlighting Citizens efforts to create fairer representation in corporate boardrooms.
AIG Shareholders Call for Corporate Democracy (05/17)
Three shareholder resolutions facing American International Group today called for greater independence in the insurance giant's board of directors.
Shareholders Examine Executive Compensation (05/02)
A shareholder resolution at Honeywell suggests a link between CEO and worker pay to curb the widening income gap.
Wealthy Activists Confront Economic Inequality (04/14)
At their national conference Responsible Wealth members examine what they can do as business leaders to promote a broader prosperity.
Shareholders Assert that Equality is Good Business (02/15)
A collection of shareholder resolutions this year raise equality issues from the level of employees up to the board of directors.