Shareholder Activism / International health and tobacco
Investors Challenge Food Companies on Antibiotics (04/15)
The collaborative investor network Farm Animal Investment Risk & Return writes to ten of the largest restaurant chains, requesting policies addressing overuse of medically necessary antibiotics.
Good News for Shareowner Engagement on Food Issues (03/07)
Dunkin Brands agrees to remove nanomaterials from powdered sugar, and Dow Chemical commits to increased disclosure on its management of environmental and social impacts associated with an herbicide used with genetically engineered seeds.
Generic Drug Prices and Clinical Trials Come Under Scrutiny (11/21)
A number of recent new reports call into question some commitments to corporate social responsibility by companies in the pharmaceutical industry. Second of a two-part series.
2014 Access to Medicine Index Published (11/20)
Sustainable investors note improvements by pharmaceutical companies in areas of access and affordability but call for more rigorous codes of conduct and transparency around when patents will expire. First of a two-part series.
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.
Resolutions Target GMO Labeling and Extended Producer Responsibility at Safeway (07/25)
The annual general meeting of the supermarket chain was dominated by merger talks, but health and environmental resolutions filed by Green Century and As You Sow were considered as well.
Shareowners Want Dunkin' Brands to Report on Nanomaterials (05/15)
A resolution from As You Sow, requesting that the company report on use of nanomaterials in its doughnuts, is supported by 23% of shareowners.
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.
Profit or Health in the Trans-Pacific Partnership? (03/07)
Members of the Interfaith Center on Corporate Responsibility warn US trade negotiator against expanding tobacco sales and increasing intellectual property rights for medicine.
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.
Stay out of GMO Fight, Shareowners Tell Food Companies (10/11)
Investors file resolutions with many food and biotech companies, warning them of reputational consequence of donating to defeat a ballot initiative in Washington State calling for labeling of food products containing genetically modified organisms.
Investors Call on Corporations to Ensure Worker Safety in Bangladesh (05/18)
Two coalitions of investors pressure clothing retailers to join the Accord on Fire and Building Safety in Bangladesh, whose 40 signatories include only two companies headquartered in the US.
Avon Challenged to Remove Toxins from Cosmetics (04/30)
Shareowners will vote this week on a resolution by Green Century Capital Management that follows the introduction in Congress of the Safe Cosmetics and Personal Care Products Act of 2013.
Investors Want Baby Formula Free of GMOs (04/25)
As the use of genetically modified organisms in food products becomes increasingly controversial in the US, As You Sow introduces a shareowner resolution requesting that Abbott Laboratories remove GMOs from infant formula.
Investors Support Launch of Access to Nutrition Index (03/27)
Representing $2.6 trillion in assets under management, 39 investors call for widespread support of the Access to Nutrition Index, which ranks the performance of food and beverage companies in the areas of obesity and undernutrition.
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.
ICCR Publishes 2013 Proxy Resolutions and Voting Guide (02/07)
The Interfaith Center on Corporate Responsibility reports that its members have filed 180 shareowner resolutions and engaged in 225 corporate dialogues this proxy season.
Shareowners Address Smoking in Films (12/20)
Despite recent findings by the US Surgeon General that exposure to on-screen smoking causes children to smoke, depictions of tobacco use in youth-rated films continue to increase, prompting calls from investors for an R rating for films that depict smoking.
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.
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.
Investors Call on EPA to Strengthen PVC Regulations (08/25)
Arguing that proposed regulations do not go far enough to protect the health of communities, the investors request that national emission standards for the PVC industry provide better protection from cancer-causing pollutants.
Congressional Friends of GMOs Sneak Rider into Appropriations Bill (07/09)
The rider will require that a permit for planting genetically engineered crops be issued even if a federal court orders that the planting be halted.
Genetic Engineers Debunk GMO Claims (07/07)
A report by Earth Open Source reveals that the claims of product safety and sufficient regulation made by producers of genetically modified organisms are false.
SCOTUS Upholds Obamacare (06/29)
Members of the Interfaith Center on Corporate Responsibility applaud yesterday's Supreme Court decision to uphold the Patient Protection and Affordable Care Act.
ICCR Commends Disney on Advertising by Food and Beverage Companies (06/26)
The media giant announces that food and beverage products advertised on its networks will be required to meet nutritional guidelines that are aligned with federal standards.
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.
Monsanto Is Green America's Biggest Corporate Fool (04/01)
The agribusiness giant triumphs over the US Chamber of Commerce and Chevron for manufacturing genetically modified organisms and a corporate legacy that includes Agent Orange and DDT.
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.
Harrington Investments Requests that Monsanto Report on GMOs (01/23)
The chemical giant refuses to allow a proxy to speak on behalf of the shareowner resolution at tomorrow's annual general meeting, and Harrington joins in call for demonstrations.
MSCI Launches MSCI ESG Manager (06/23)
The MSCI ESG Manager, designed to help asset managers and owners manage ESG research, analysis, and compliance, includes on a single platform all of MSCI's research and analysis of companies listed on the MSCI World index.
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
Making Toys is Not Child's Play (11/14)
A group of shareholders have come together to demand safer working conditions for workers along the toy supply chain.
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.
A Win for Generic Drugs: Indian Court Rules Against Drug Maker Novartis (08/15)
In a test case for drug patents in developing nations, Novartis loses an attempt to challenge an Indian patent provision.
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.
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.
Shareholders Work to Make AIDS Drugs Available Worldwide (04/26)
Abbott Labs changes its tune and lowers price of AIDS fighting drugs in low-and-middle income countries.
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.
Toxic Cosmetics Getting Under the Skin of Concerned Investors (03/01)
Health-conscious investors and consumers are starting to demand cosmetic companies report and ban toxic ingredients.
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.
From Competition to Cooperation: Companies Collaborate on Social and Environmental Issues (01/19)
Collaborative initiatives bring together companies, investors, and activists to address issues such as online freedom of expression, climate change, and labor rights in the global supply chain.
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.
ICCR Benchmarks Pharma Responses to AIDS and Diseases of Poverty in Emerging Markets (08/18)
The Interfaith Center on Corporate Responsibility report assesses 15 pharmaceutical companies, and finds all of them falling short of best practice in most areas on AIDS and neglected diseases.
Shareowners Push TimeWarner on Movies Depicting Smoking, Recycled Paper, and Pay Disparity (08/09)
Part two of this two-part article documents steps forward made by TimeWarner, as well as areas where shareowner activists continue to press for progress.
Shareowner Activists See Progress at TimeWarner, and Room for Improvement (08/08)
In part one of this two-part article, activists applaud the company on its first corporate social responsibility report while continuing to push on environmental, social, and governance issues.
Nuns and Priests File Depleted Uranium Bunker Buster Resolution at Three Weapons Companies (07/26)
The resolution goes to vote next week at Alliant Techsystems, and already received more than double the support needed to re-file next year at Lockheed Martin and Textron.
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.
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.
Confirming the CalPERS Effect: Academic Study Links Shareowner Activism to Financial Gain (05/09)
Examining companies targeted for governance reform by the CalPERS Focus List, the study presents data correlating activism to increasing shareowner value as well as cautionary notes.
Proxy Season Report Geared to Foundations Helps Others Navigate Proxy Landscape (05/08)
As You Sow Foundation and Rockefeller Philanthropy Advisors report allows for stepping back by providing a useful overview as well as an in-depth look at behind-the-scenes dialogue.
Investor Environmental Health Network Addresses Product Toxicity Through Safer Alternatives (05/04)
The network is coordinating 11 shareowner resolutions addressing product toxicity at companies such as Avon, Becton-Dickinson, CVS, Dow, DuPont, and Whole Foods Market, among others.
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.
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.
SEC Forces Chevron, Dow, and CVS to Include Shareowner Resolutions on Their Proxies (03/07)
Part two of this two-part article examines no-action activity thus far in the 2006 proxy season, focusing on attempts to apply the personal grievance rule and expand a new risk assessment rule.
Resolution Withdrawals Signal Success in Shareowner Advocacy Early in 2006 Proxy Season (03/06)
Part one of this two-part article examines withdrawal of resolutions on climate change, sexual orientation nondiscrimination, political contributions, and HIV/AIDS policies.
Shareowner Action on Product Toxicity Shifts from Isolated Resolutions to Become a Campaign (02/09)
Fueling this development is the increasing visibility of product toxicity in the news, with the Environmental Protection Agency issuing record fines.
Using Mutual Fund Proxy Voting Data to Promote More Conscientious Voting (02/03)
The final installment of this multi-part series steps back to consider the implications of the findings and how to harness them to push mutual funds to support corporate social responsibility.
Social Investment Forum Trends Report Tracks Rises and Falls of Socially Responsible Investing (01/26)
The 2005 report documents increases since 2003 in assets overall in SRI, in SRI mutual funds, and in shareholder advocacy, but decreases in overall screened assets and in screened separate accounts.
Eroding Support for Shareowner Resolutions on Climate Change Revealed by Unpublished Data (01/25)
In part three of this multi-part article, SocialFunds.com examines unpublished data associated with a recent report on mutual fund proxy voting from The Corporate Library, and finds decreasing support for climate change resolutions.
Unpublished Data Clarifies SRI Proxy Voting on CSR Resolutions (01/18)
In part two in this multi-part series, SocialFunds.com examines unpublished data associated with a recent report from The Corporate Library, and finds that statistics are not always what they seem at first glance.
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.
Book Review--Megatrends 2010: The Rise of Conscious Capitalism (12/22)
The newest in the Megatrends series advances a framework for conscious capitalism that highlights socially responsible investing.
PROXY Governance Diversifies Proxy Advisory Choice (12/02)
The new proxy advisory firm expands options for fiduciaries.
First Steps: Corporate Engagement on HIV/AIDS Improves Since Last World AIDS Day (12/01)
Global Business Coalition on HIV/AIDS Best Practice AIDS Standard represents an important step forward, and companies such as Intel are responding to shareowner dialogue with ICCR.
Shareowner Empowerment Is Alive and Well: a Preview of the 2006 Proxy Season (11/16)
Part two of this two-part article examines the developing trends in shareowner activism as resolutions are filed for the upcoming proxy season.
Forging Ahead from the Crossroads: Reviewing the 2005 Proxy Season (11/14)
Part one of this two-part article looks back at this year's proxy season, which was highlighted by majority vote director election proposals while part two previews the upcoming proxy season.
Book Review--The Challenge to Power: Money, Investing, and Democracy (11/07)
John Harrington compiles voluminous evidence to diagnose what ails modern corporatocracy, and prescribes a comprehensive cure with socially responsible investing playing a key role.
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.
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.
IFC Urged to Include Corporate Screens and Address Climate Change in New Standards (05/13)
A group of socially responsible investment practitioners recommends revisions to new International Finance Corporation social and environmental sustainability standards.
Book Review--The Bhopal Reader: Remembering Twenty Years of the World's Worst Industrial Disaster (05/12)
A collection of primary and secondary sources spanning the twenty-year quest for corporate accountability from Union Carbide and now Dow for the 1984 chemical leak that killed thousands upon thousands.
Pharma and Biotech Companies Just Starting to Pass the Transparency Litmus Test (04/27)
oekom research rates the social and environmental sustainability performance of 27 pharmaceutical and biotechnology companies, and finds disclosure lacking across the board.
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).
Coffee, Tea, or . . . Liqueur? Pax World Alcohol Screen Forces Reluctant Divestment from Starbucks (03/23)
While Pax World applies a zero tolerance alcohol screen, other socially responsible investment firms set thresholds for retailers based on the percentage of revenues derived from alcohol sales.
Campaign to Enhance Pharma Industry Accountability Broadens Shareowner Action (03/04)
The Interfaith Center on Corporate Responsibility sent letters to over 2,750 institutional investors seeking support for three resolutions filed at nine pharmaceutical companies.
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.
Benchmarking Corporate Governance on Product Toxicity and Safer Alternatives (02/10)
The benchmark, released by the Rose Foundation today, addresses the scientific uncertainty of product toxicity through risk assessment and opportunity identification instead of inaction.
World Economic Forum Report Finds Decreasing Corporate Awareness and Response to AIDS (01/20)
The report also finds an increase in companies adopting HIV/AIDS policies, a trend confirmed by the Global Business Coalition on HIV/AIDS.
Monsanto $1.5 Million Fines for Genetic Engineering Bribe Illustrates Risks of GE Strategy (01/19)
The penalties, levied by the Securities and Exchange Commission and the Department of Justice, may lend credence to a shareowner resolution asking Monsanto to report on GE risks.
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.
Ford HIV Report Exemplifies New Shareowner Action Strategy (12/07)
Ford joins Coca-Cola, Cinergy, and others heeding shareowner resolutions requesting reporting on social and environmental issues, but it remains to be seen how far the strategy will extend.
ICCR Spends World AIDS Day Preparing Shareowner Resolutions for Upcoming Proxy Season (12/01)
This year's resolution has expanded to cover operations in India and China as well as Africa, and ICCR is campaigning for pharma companies to provide better access to medicines for children.
Accuracy of Dow Chemical Statements and SEC Filings Questioned (08/12)
On behalf of two socially responsible investment firms, an environmental attorney asks the SEC to probe the factuality of public statements and filings made by Dow Chemical.
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.
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.
Socially Responsible Investment Runs the Gamut on Animal Welfare and Testing (04/07)
Investors who prioritize respect for animals have a range of options, from funds that use shareowner action alone to specialty SRI firms with stringent animal welfare screens.
Into Africa: The Paradox of Socially Responsible Investing in the Developing Continent (04/01)
To support sustainability in Africa, social investors can invest directly outside the SRI community, or else they can pursue community investment and shareowner action.
Many Companies Cannot Verify Whether Their Palm Oil Is Produced Sustainably (01/06)
An ISIS Asset Management report finds that few companies can trace the source of their palm oil up their supply chain to confirm whether or not it is produced sustainably.
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.)
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.
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.
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.
McDonald's Phases Out Animal Growth Promotion Antibiotics from Global Supply Chain (06/27)
McDonald's, which is often the first in its sector to introduce sustainable practices, will end use of animal growth promotion antibiotics, but does this make the company socially responsible?
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.
Shareowners Press Avon to Walk the Walk (05/08)
Shareowners vote overwhelmingly for board independence at Avon while questions about potential carcinogens in its products linger.
Innovest Report Identifies Business Risk of Genetic Engineering for Monsanto Investors (05/01)
The controversy surrounding genetic engineering creates substantial risks to shareowner value at Monsanto, according to a new report from Innovest.
The 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.
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.
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.
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.
Campaign Calls for U.S. Pharmaceutical Companies to Allow Inspections for Bio-Weapons (02/04)
A non-profit watchdog is advocating mandatory inspection of chemical manufacturers capable of producing bio-weapons, a measure opposed by a U.S. pharmaceutical industry group.
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.
Group Invites Grantmakers to Invest with Their Values (08/22)
The Foundation Partnership for Corporate Responsibility seeks to help foundations bring their investment principles in line with their mission.
Proxy Monitor Buys ISS (08/13)
Move gives one firm significant power in influencing the proxy votes of institutional investors.
Canadian Parliament Votes to Give Socially Responsible Shareowner Proposals Equal Billing (08/02)
New law will limit corporate management’s ability to claim that a proposal “promotes a cause” and therefore should be rejected.
Book Review: The New Global Investors (07/25)
Robert Monks calls on institutional investors to exercise their rights as shareowners and hold senior managers accountable for company performance and practices.
Labor Standards Resolutions Garner Support in 2001 Proxy Season (07/11)
Ten international labor and human rights proposals that came to vote this year received 10 percent or more support from shareowners.
Shareowners Push Companies on Gene-engineered Food (06/27)
This proxy season, shareowner resolutions continue to ask manufacturers and retailers to disclose information about or phase out the sale of gene-engineered food products.
Florida Can't Quit Tobacco Profits (06/22)
Sunshine State will again invest pension funds in cigarette makers.
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.