Mutual Funds / Shareholder activism
Climate Scientist Joins Exxon Board (02/03)
The oil and gas giant responds to years of shareowner action by appointing atmospheric scientist Susan Avery to its board of directors.
Investors Challenge Mutual Funds on Proxy Voting (01/20)
Sustainable investment firms respond to update by Ceres by pressuring mutual funds on their proxy voting records relating to climate change. Second in a two-part series.
Many Large Mutual Funds Continue Failure to Address Climate Change (01/07)
Ceres updates its annual report on voting climate-related resolutions by mutual funds, noting that several PRI signatories failed to support a single resolution in 2016. First in a two-part series.
US Chamber Targeted Senate in 2016 Dark Money Spending (01/02)
Public Citizen reports that only the National Rifle Association spent more than the Chamber of Commerce’s $30 million during the 2016 federal election.
Companies Challenged to Adopt Science-Based Climate Goals (12/17)
Over 100 publicly traded companies have reported to CDP that they will adopt science-based emissions reduction plans, and letters from members of the Interfaith Center on Corporate Responsibility intend to hold them to their promises.
Investors Target Chevron for Doing Business in Burma (12/16)
A shareowner resolution co-filed by Azzad Asset Management requests that Chevron cease doing business with the government of Burma until state-sanctioned violence against the Rohingya minority is ended.
Human Rights Most Important Issue in Corporate Supply Chains (08/18)
Ethical Corporation reports on the results of its survey of corporations and other stakeholders, addressing risk and opportunity in corporate supply chains.
Financial Stability Board to Review Governance Principles (08/16)
The international body, formed to promote financial stability following the global financial crisis, seeks to determine how its member jurisdictions have implemented the G20/OECD Principles of Corporate Governance.
SEC Urged to Strengthen ESG Reporting Requirements (08/12)
Ceres organizes an investor coalition calling for regulations to strengthen corporate climate reporting, while US SIF and ICCR issue a joint press release urging mandatory sustainability reporting.
After the Conventions (07/30)
While it seems implausible that investors concerned with environmental and social justice will vote for Donald Trump, some of the positions take by Hillary Clinton during her years of public service merit scrutiny.
Major Pension Funds Still Funding Deforestation (07/29)
Friends of the Earth and As You Sow create a free online database to help educate individual investors about which retirement funds continue to invest in companies engaged in deforestation for palm oil production.
Banking Lags on Human Rights (07/08)
A report by the NGO BankTrack reveals that most major global banks are failing to implement the UN Guiding Principles on Business and Human Rights in their financing.
Are Big Banks Ignoring Paris Climate Agreement? (07/07)
The seventh edition of the Fossil Fuel Finance Report Card reveals that while some progress has been made in exiting the financing of coal mining, global financial institutions are lagging badly in other extreme fossil fuels and human rights.
$5 Trillion Investor Coalition Supports Human Rights Benchmark (06/24)
The coalition, coordinated by Boston Common Asset Management, hopes that the Corporate Human Rights Benchmark will help improve corporate human rights disclosures and aid investors in their engagement with companies.
Pepsi Challenged on Palm Oil Worker Exploitation (06/21)
A report from three NGOs reveals that violations of workers' rights on the palm oil plantations of PepsiCo's joint venture partner in Indonesia includes child labor.
BlackRock Shareowners Vote on CEO Pay (05/26)
The Stephen M. Silberstein Revocable Trust files a shareowner resolution with the mutual funds giant, requesting that its proxy voting practices reflect a link between executive compensation and corporate performance.
SEC Backs Shareowner Challenge of Dominion Nuclear Plant (05/06)
The utility's effort to exclude the resolution calling for analysis of the financial risks associated with a nuclear reactor which could cost over $19 billion is turned down by the Securities and Exchange Commission.
Second Benchmark of Corporate Human Rights Performance Launches (04/30)
KnowTheChain, founded in 2013 to address California's Supply Chain Transparency Act, will initially benchmark the human rights performance of 20 companies in the information and communications technology industry sector.
Institutional Investors Support Increase in Solar Deployment (04/29)
The Green Infrastructure Investment Coalition, launched during the COP21 negotiations, now counts over $60 trillion in assets under management supporting a trillion dollar investment in solar.
Despite Climate Commitments, World Bank Still Funding Fossil Fuels (04/22)
Oil Change International reports that the World Bank Group's investments in fossil fuel exploration actually increased in 2015, to $313 million.
Investors Challenge Food Companies on Antibiotics (04/15)
The collaborative investor network Farm Animal Investment Risk & Return writes to ten of the largest restaurant chains, requesting policies addressing overuse of medically necessary antibiotics.
Walden Updates Shareowner Action on Lobbying (04/11)
Tim Smith of Walden Asset Management posts update on the 50 shareowner proposal addressing corporate lobbying expenditures filed this proxy season.
Investors Win Battles for Shareowner Votes on Climate at Exxon (04/01)
Resolutions addressing the moral imperative of limiting climate change and the manner in which the company reports oil reserves replacement will appear on proxy ballot following SEC decision.
Corporate Human Rights Benchmark Launched (03/31)
Members of the Corporate Human Rights Benchmark complete methodology based in part on UN Guiding Principles on Business and Human Rights, and plan to publish the first benchmark of corporate human rights performance in November.
A Wealth of Insights in the 2016 Proxy Preview (03/11)
Report authors Heidi Welsh and Michael Passoff detail a total of 314 pending shareowner resolutions, the majority of which target environmental issues and corporate political activities.
ICCR Publishes 2016 Proxy Voting Guide (02/25)
Members of the faith-based investor organization have filed 257 shareowner resolutions thus far this proxy season, with climate change and corporate political expenditures receiving the most attention.
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.
Exxon Opts for Business as Usual on Climate Change (02/03)
The oil and gas giant challenges a shareowner resolution from Interfaith Center on Corporate Responsibility members, requesting that it commit to global temperature increase limits.
After a Successful Proxy Season, Walden Asset Management Sets Sights on 2016 (01/27)
The sustainable investment firm reports on its shareowner action during the 2015 proxy season, and begins 2016 with resolutions addressing corporate climate change lobbying and emissions reporting.
Ceres Launches Online Database of Corporate SEC Filings on Climate Change (01/22)
The organization collaborates with CookESG Research to provide an online tool for searching corporate filings with the Securities and Exchange Commission on carbon asset risks and other sustainability factors. Third in a three-part series.
In Wake of COP21, Shareowners Challenge Corporate Lobbying on Climate (01/16)
A shareowner initiative coordinated by Walden Asset Management requests that fossil fuel companies disclose lobbying activities and review public policy advocacy on energy policy and climate change. Second in a three-part series.
Sustainable Investors Respond to Climate Pact (01/15)
With COP21 Climate Conference in Paris ending with agreement intended to keep global temperature increase below two degrees Celsius, investors envision portfolios focused on renewable energy. First in a three-part series.
Companies Profiting from Mass Incarceration Mapped for Investors (11/25)
The American Friends Service Committee publishes research on for-profit prison companies and recommends that investors divest their holdings in five.
Scientists Join Call for Exxon Investigation (11/19)
In the wake of reports detailing the oil giant's duplicity on climate change, the Union of Concerned Scientists join legislators and others in urging a Department of Justice investigation.
NGOs Urge Green Climate Fund to Deny Accreditation to Scandal-Plagued Banks (11/14)
HSBC and Crédit Agricole finance environmentally destructive projects and rank at the bottom of major banks in implementing the UN Guiding Principles on Business and Human Rights. Second in a two-part series.
First Investments Approved by Green Climate Fund (11/13)
Eight climate change mitigation or adaptation projects—three in Africa, three in Asia-Pacific, and two in Latin America—mark the end of the Green Climate Fund's two-year launch period and the beginning of providing financing to developing nations. First in a two-part series.
Bank Financing of Fossil Fuels Dwarfs that of Renewables (11/10)
A new study by Fair Finance Guide and BankTrack reveals that since 2009, investment in fossil fuels by 75 of the world's largest financial institutions is more than nine times greater than investment in renewable energy.
Banks Still Failing to Incorporate Climate Risks in Lending (11/05)
A year after Boston Common Asset Management organized an investor initiative, major global banks continue to fail to account for greenhouse gas emissions in their lending and underwriting portfolios.
Labor Department Repeals Controversial Fiduciary Standard (10/31)
A 2008 ERISA standard that has discouraged pension plan fiduciaries from considering environmental and social factors in investment strategy has finally been repealed.
EarthFolio Launches First Robo-Advisor for Sustainable Investors (10/30)
SocialFunds.com talks with Art Tabuenca, founder of Blue Marble Investments and EarthFolio, about the development of the first online investment platform specifically dedicated to sustainable investing.
Skepticism Greets Oil Industry Statement on Climate Change (10/21)
Even before member companies of the Oil and Gas Climate initiative issued a statement supporting a climate deal in Paris in December, the Union of Concerned Scientists question the extent of the industry's commitment.
Justice Department Urged to Investigate Exxon (10/19)
After two reports identify research into global warming by the oil giant as far back as the 1970s, two members of the House of Representatives call on the Justice Department to investigate the corporation for its campaign to deceive the American public about the risks of climate change.
Pope Francis Talks Climate Change in Speech at UN (10/15)
A global perception of his moral authority may contribute momentum to a meaningful deal at December's climate talks in Paris.
Investors Support Human Trafficking Legislation (09/25)
More than 100 institutional investors call for passage in Congress of The Business Supply Chain Transparency on Trafficking and Slavery Act of 2015.
Investors Call for Support of EPA Methane Regulations (09/22)
A coalition of investors organized by the Interfaith Center on Corporate Responsibility writes to 32 energy companies, requesting that they support new regulations on methane emissions.
The Investment Implications of Mass Incarceration (09/21)
In a three-part series and subsequent conference call, Sonia Kowal of Zevin Asset Management outlines for foundations and other investors the importance of aligning their strategies with their social missions.
Letter to Obama: No Drilling on Public Lands (09/18)
Hundreds of signatories call on the President to end the policy of leasing federal lands for fossil fuel exploration and extraction.
Investors Call on Corporations to Oppose Chamber's Challenge to Clean Power Plan (09/04)
Fifty prominent members of the Chamber of Commerce receive letters from investors, requesting that they address contradictions between their public positions on climate change and their funding of the Chamber's opposition to the Clean Power Plan.
MacArthur Foundation Focuses on Climate Change (09/03)
The Foundation launches its Climate Solutions initiative with $50 million in grants, to help ensure that the US meets its responsibilities in addressing the crisis of climate change.
Another Major Religion Gets the Implications of Climate Change (08/26)
Two months after Pope Francis delivers his encyclical on climate change, Islamic Relief hosts a climate change symposium and publishes the Islamic Declaration on Global Climate Change.
Major Food and Beverage Companies Fail to Manage Water Risks (08/24)
As water scarcity becomes a major issue for sustainable development, a coalition of investors organized by Ceres calls for better water management and disclosure by 15 major food and beverage corporations.
Drilling in the Arctic, Mining at the Grand Canyon (08/21)
President Obama's legacy on climate will be compromised by Shell drilling for oil in the Arctic, and the Grand Canyon is under siege from uranium mining and tourism development.
Investment Losses from Climate Change to Be in Trillions, Report States (08/07)
The Economist Intelligence Unit warns that $4.2 trillion in assets could be at risk, with losses exponentially greater for every increase in global temperature.
Sustainable Investors Praise Obama's Clean Power Plan (08/06)
The Plan, which will reduce carbon emissions from the power sector by 32% below 2005 levels in 2030, is praised by Mindy Lubber of Ceres as a blueprint for the low carbon transition.
EIRIS Compiles Database of Companies Doing Business in Crimea and Palestine (07/27)
The EIRIS Foundation releases an online database of companies in Crimea and Palestine, providing for investors and other stakeholders objective and independent research about corporate activity in occupied territories.
Rankings of 2014 Corporate Social Responsibility Reports Are Published (07/24)
Baruch College's Weissman Center for International Business analyzes corporate social responsibility reporting from the largest US and international companies, and publishes an online ranking that allows investors and other stakeholders to review the quality of CSR reports.
Oil Industry Payments to Governments Still Lack Transparency (07/23)
Five years after passage of Dodd-Frank, a report by Oxfam America finds that payments by the US industry to developing nations lack the transparency to ensure that governments are using them for the benefit of citizens.
Corporate Human Rights Benchmark Publishes Draft of Key Performance Indicators (07/11)
The Benchmark publishes two documents about which it seeks input: a framework for multi-stakeholder consultations, and a draft list of key performance indicators.
Consumer Goods Companies Commit to Halving Food Waste (07/10)
Four hundred corporate members of the Consumer Goods Forum commit to a sustainability program that includes halving food waste within their operations by 2025.
Investors Support White House Plan to Cut Methane Emissions (07/07)
The Obama Administration proposes to reduce methane emissions from the oil and gas industry by at least 45% by 2025, and investors coordinated by Ceres and Trillium Asset Management issue a statement expressing their support.
Investors Tell Corporations to Meet Burma Reporting Requirements (07/01)
Sustainable investment firms representing more than $40 billion in assets under management write to three corporations doing business in Burma, urging them to comply with the Burma Responsible Investment Reporting Requirements.
Benchmarking Tool for Toxic Chemicals in Consumer Products Launched (06/30)
The Chemical Footprint Project, backed by investors and corporations representing more than $1 trillion in investing and purchasing power, is the first tool for benchmarking corporate chemical use and management.
Laudato Si Makes Waves Throughout Society (06/27)
Sustainable investors and climate deniers alike weigh in with responses and reactions to Pope Francis's landmark encyclical on climate change. Second in a two-part series.
Pope Francis Delivers Encyclical on Climate Change (06/20)
The Pope makes explicit the connection between climate action, poverty, and morality, and calls for a radical shift away from current failures and toward an “ecological conversion” instead. First in a two-part series.
And Now for Something Completely Different (06/16)
The Heartland Institute hosts its annual conference on climate change, at which such scientific luminaries as climate denying Senator James Inhofe of Oklahoma are honored.
Morgan Stanley Issues $500 Million Green Bond (06/15)
The investment bank intends to fund a number of wind energy projects in the US.
Two Years After Tragedy, Fund for Rana Plaza Victims Meets Goal (06/13)
Pressure from members of the Interfaith Center on Corporate Responsibility helps further corporate responsibility in the remediation of human rights violations.
Shareowners Target Amazon on Human Rights and Climate (06/12)
Sustainable shareowners submitted four resolutions addressing environmental, social, and corporate governance issues at this week's annual general meeting, as pressure grows for the company to improve its sustainability performance.
Verite to Assess Trafficking Risks in Sub-Saharan Africa (06/01)
With economies improving and ample natural resources, the region is at heightened risk for human trafficking violations.
Report Assesses Corporate Conflict Minerals Disclosures (05/30)
The Responsible Sourcing Network analyzes the quality of more that 1,000 conflict minerals disclosures by large cap corporations, and find that many fulfilled only minimal requirements.
Resolutions Request Emissions Reduction Goals by Exxon and Chevron (05/29)
A process for shareowners to declare their intention to vote in favor of emissions reduction resolutions at the annual meetings of the oil and gas giants does not appear to have led to substantial votes in favor, but signal that investors who choose engagement as a strategy will remain aggressive.
Rewriting the Rules of the American Economy (05/21)
Nobel Economist Joseph Stiglitz and Senator Elizabeth Warren speak at the Roosevelt Institute about the pressing need to rewrite the rules governing the economy in order to lessen inequality. Second of a two-part series.
Nobel Laureate Joseph Stiglitz Takes on Income Inequality (05/16)
“It would be easier, politically, to push for one or two policies on which we have consensus, but that approach would be insufficient to match the severity of the problems posed by rising inequality,” his new report states. First of a two-part series.
At Yale, John Fullerton Presents on Regenerative Capitalism (05/15)
Speaking to the generation that will have to reverse the course of multiple crises, the founder of the Capital Institute envisions a holistic organization of social systems to replace the current reductionist and competitive approach. Third of a three-part series.
Regenerative Capitalism Seeks Radical Overhaul of Financial System (05/07)
John Fullerton, the founder of the Capital Institute, writes that the transition of an “antisocial” global financial system to one aligned with our understanding that “living systems are both sustainable and regenerative” is underway. But is the evolution decisive enough to solve the crises of our age? Second of a three-part series.
Is Regenerative Capitalism a Spiritual Quest? (05/05)
John Fullerton of the Capital Institute authors an admirable paper on what he calls Regenerative Capitalism, but how do we get from the here of exploitation to there? First of a three-part series.
Carbon Tracker Offers Roadmap for Energy Transition (05/01)
Asserting that many executives in the oil and gas industry assume a business as usual approach in their planning, the NGO warns that unconventional exploration and price volatility will have negative impacts for investors.
Two Years after Rana Plaza Tragedy, Investors Still Seek Corporate Assurances (04/28)
A coalition of institutional investors asserts that the systemic changes needed to safeguard garment workers in Bangladesh remain insufficiently financed, even by signatories to the Fire and Safety Accord.
$120 Million Green Bond from Nordic Investment Bank (04/20)
The fixed income issuance, driven by investors incorporating environmental, social, and corporate governance factors, will finance loans to environmental projects in Scandinavia.
Investors Call on SEC to Require Effective Climate Risk Disclosure (04/18)
In a letter to SEC Chair Mary Jo White, a coalition of investors organized by Ceres offers specific criticisms of disclosures by major oil and gas companies, and argues that climate risk is changing the economics of the industry.
Harvard Students Mount Blockade in Campaign for Divestment (04/17)
The Divest Harvard demonstrators block access to administrative offices during Harvard Heat Week as analyses of the university's investments find significant levels of greenhouse gas emissions.
Electronics Trade Association Prohibits Payments to Labor Brokers (04/10)
The amendment to the Electronic Industry Citizenship Coalition's Code of Conduct follows engagement on the issue of payments to labor brokers by members of the Interfaith Center on Corporate Responsibility.
US Coal Crash Structural, not Cyclical, Report States (03/27)
The Carbon Tracker Initiative's latest report reveals that bankruptcies are rampant in the US coal industry as cheap natural gas and a strengthening renewable market indicate that the decline of coal will be permanent.
Corporate Sustainability Measures Fail to Address Impacts (03/26)
The 2015 State of Green Business report, published by GreenBiz with environmental data supplied by Trucost, confirms that corporate sustainability efforts and disclosures are insufficient.
Record Breaking Number of Shareowner Resolutions in 2015 (03/21)
The eleventh edition of As You Sow's Proxy Preview identifies 433 shareowner resolutions filed this year, with corporate political activity and the environment accounting for slightly more than half of them.
Corporations Improving on LGBT Rights (03/20)
Evolution in social acceptance of diversity, as well as years of shareowner engagement by Walden Asset Management, leads to many companies adopting sexual orientation and gender identity policies.
Shareowners Continue Push for Fracking Disclosure (03/17)
Six companies are recipients of resolutions this proxy season, calling for greater disclosure of environmental and community risks associated with hydraulic fracturing.
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.
Second Global Sustainable Investment Association Review Published (03/03)
Negative screening persists as the investment strategy most often practiced, but integration of environmental, social, and corporate governance considerations into financial analysis has grown at the fastest rate over the last two years.
Investors Back Reporting Framework for Human Rights (02/28)
The United Nations Guiding Principles Reporting Framework is launched to help corporations report effectively on human rights issues, and gains the support of a $4 trillion coalition of institutional investors organized by Boston Common Asset Management.
Citi Announces $100 Billion Sustainability Commitment (02/27)
Having met several targets of a $50 billion goal two years early, the bank now commits twice that amount to activities such as financing large renewable-energy projects and reducing its absolute emissions by 80%.
BP Calls for Price on Carbon (02/25)
Arguing that emissions are rising significantly more than scientists recommend, the oil and gas company states that a meaningful global price on carbon will incentivize participation in a low-carbon transition.
Shell Demonstrates Tunnel Vision Version of Climate Change (02/23)
The oil and gas company endorses a shareowner resolution requesting a sustainable approach to stranded assets, but signals that it will resume costly and ineffectual drilling for oil in the Arctic.
Twenty-Five Resolutions on Board Diversity Filed in 2015 (02/21)
Institutional investors affiliated with the Thirty Percent Coalition step up their shareowner efforts to pressure corporations to elect women to their boards of directors
Human Rights Abuses in Burmese Mining Industry (02/19)
A new report from Amnesty International identifies companies from Canada and China that have profited from serious human rights abuses at the Monywa copper mine complex in Burma.
Corporate Responsibility for Farm Animal Welfare Benchmarked (02/14)
Business Benchmark on Farm Animal Welfare aspires to improve living conditions for animals raised for food by benchmarking corporate performance on farm animal welfare.
Corporate Responsibility for Waste Reduction Insufficient (02/11)
As You Sow and the Natural Resources Defense Council report that the lack of strong recycling policies and insufficient practices by companies are factors in low recycling rates in the United States.
ICCR Publishes 2015 Proxy Resolutions and Voting Guide (02/09)
Climate change and wealth inequality lead members of the the Interfaith Center on Corporate Responsibility to increase for the third year in a row the number of shareowner resolutions filed. Second of a two-part series.
Journal Devotes Issue to Faith-Based Investors (02/06)
An issue of Green Money Journal, guest edited by Mark Regier of Everence, explores the history and aspirations of faith-based sustainable investing. First of a two-part series.
Strong Shareowner Support for Lobbying Disclosure at Monsanto (02/04)
A resolution filed by As You Sow gains one-quarter of shareowners' votes at biotech company's annual meeting, and a similar resolution is scheduled to be voted on in April at DuPont.
Board of Directors Endorses Climate Change Resolution at Shell (02/03)
By endorsing a shareowner resolution filed by members of the Aiming for A investor coalition, the oil giant agrees to report on several aspects of climate risk, including portfolio resilience in post-2035 scenarios.
Investors Urged to Challenge Fossil Fuel Industry Assumptions on Risk (01/31)
Ceres hosts a press call in which investors express concerns that the oil and gas industry relies on a business as usual scenario in planning capital expenditures.
Climate Resilient Supply Chains Remain a Work in Progress (01/29)
CDP's new report comparing corporate supply chains by countries finds that the response of US suppliers to climate risk exposure is insufficient, while China and India offer the best financial returns from emissions reduction activities in supply chains.
Social Cost of Carbon to Threaten Global Economy (01/27)
A report published in the journal Nature Climate Change warns that worsening climate change impacts could lead to dramatic increases in the social cost of carbon unless short-term mitigation measures are taken.
Over 50 Institutional Investors Call for Improved Annual Reporting from BP and Shell (01/26)
Invigorated shareowner engagement in the UK leads to resolutions requesting that the two companies with the largest carbon footprints in the FTSE 100 report on strategies to address climate change.
1% to Own More than Half the Wealth by Next Year (01/23)
A briefing by Oxfam reveals that lobbying on budget and tax issues in the US has contributed to enabling the richest 1% of people in the world to compile 48% of global wealth, a percentage that is likely to exceed 50% by 2016.
Sanders to Republicans: Believe in Climate Science? (01/22)
After assurances by by Republican leader McConnell that all amendments to a bill to approve the Keystone pipeline will be voted on, the Senate votes not to vote on amendment submitted by Senator Sanders of Vermont. Second of a two-part series.
New Congress Off to Expected Start (01/16)
The Republican majority votes to roll back key elements of the Dodd-Frank bill, and Bernie Sanders introduces an amendment to force Senators to vote on whether or not they believe the science of climate change. First of a two-part series.
Sex Trafficking and Murder in North Dakota Fracking Lands (01/14)
Forum News Service publishes expose on human trafficking in the Oil Patch in western North Dakota, while the New York Times reports on corruption and murder on Native American reservation there.
January is Human Trafficking Awareness Month (01/12)
While business increasingly acknowledges its responsibility to help eradicate human trafficking in all its forms, more robust efforts are needed to protect the world's most vulnerable people.
Engage or Divest? (01/10)
Investors know what has to be done to prevent the worst effects of climate change, but many continue to debate whether moving their assets from fossil fuel companies might affect their returns in the short term. Second of a two-part series.
The Risk to Investors of Stranded Assets (01/09)
In a roundtable hosted by Environmental Finance, investors, analysts, and corporate managers convene to discuss the financial risks associated with stranded fossil fuel assets. First of a two-part series.
Vermont a Co-Filer of Resolution Requesting Emissions Reduction Targets from Exxon (01/08)
The state's Pension Investment Committee joins a coalition coordinated by the Interfaith Center on Corporate Responsibility and Ceres in filing a shareowner resolution calling for greenhouse gas emissions reduction goals.
Report Calls for Climate Resilient Stock Exchanges (01/06)
Arguing that risks associated with climate change are increasingly likely to destroy value, the Climate Disclosure Standards Board calls on stock exchanges to mandate corporate reporting that includes climate risk assessments.
New Controls for Old Risks at JPMorgan Chase (01/02)
In response to shareowner pressure, the bank endorses the Shareholder-Director Exchange as a means of improving the quality of engagement between investors and board directors. Second of a two-part series.
JPMorgan Publishes Governance Report in Return for Resolution Withdrawal (12/30)
Members of the Interfaith Center on Corporate Responsibility withdraw a key corporate governance resolution after the financial institution agrees to publish a report detailing its efforts at governance reform. First of a two-part series.
Sustainable Investment Firms Offer Guide to Fossil Fuel Investing (12/29)
Along with 350.org, Green Century Capital Management and Trillium Asset Management update a guide for investors who want to divest from fossil fuel companies and reallocate their assets to sustainability.
Heartening Developments in the War on Coal (12/26)
The Department of the Interior proposes that coal companies pay royalties on federal leases, and the Environmental Protection Agency announces new regulations for coal ash disposal. First of a two-part series.
Corporate Human Rights Benchmark Gains Government Support (12/24)
The benchmark, which will rank 500 major corporations in four industry sectors on their human rights performance, wins financial support from the UK government. Second of a two-part series.
Child Labor in African Cocoa Industry Persists (12/22)
Poverty among cocoa farmers in West Africa has challenged efforts to eradicate child labor, while initiative to benchmark corporations in the agricultural and other industry sectors gains support. First of a two-part series.
Addressing Climate Change Means Honoring Human Rights (12/17)
A large coalition of civil society groups called on climate negotiators to factor human rights into agreements, but CARE concludes that the failure of governments to act leaves the world's most vulnerable people at risk.
Energy Companies Fail to Disclose Impacts of Fracking Operations (12/13)
The third edition of Disclosing the Facts, published by a coalition of sustainable investment organizations, reveals that companies engaged in hydraulic fracturing continue to prioritize empty assurances over meaningful data.
Norway's Sovereign Wealth Fund Declines to Divest from Fossil Fuels (12/12)
Nongovernmental organizations criticize an expert report that recommends active ownership instead of divestment, which was published one week after Norway's largest private pension fund announced a policy of divestment.
Green Bonds Growth a Positive Development in 2014 (12/10)
In a year when ExxonMobil rejects stranded assets and half a million march for climate in New York, green bonds offer an increasingly popular fixed-income investment strategy for sustainable investors.
Efforts Underway to Benchmark Companies on Human Rights (12/04)
A coalition launches project to rank companies on human rights as BankTrack reports that few financial institutions are making progress on the issue.
Public Works Needed for Low Carbon Transition (12/03)
A 2013 briefing by academics from the University of Greenwich argues forcefully for the management by the public sector of a transition to renewable energy, and is cited in Naomi Klein's book This Changes Everything.
Book Review: This Changes Everything: Capitalism vs. the Climate, by Naomi Klein (12/01)
The author and activist argues that global trade policies promoting privatization and government austerity have doomed the climate movement thus far, but insists that there is still time for massive public infrastructure programs to address both climate change and inequality.
Sustainable Assets Up by 76% Since 2012 (11/28)
The biennial Trends Report by US SIF reveals that consideration of environmental, social, and corporate governance factors by money managers has contributed to sustainable assets in the US that now total $6.57 trillion.
Investors Ratchet Up Engagement Over Stranded Assets (11/26)
Undeterred by ExxonMobil's plan to burn all fossil fuel reserves already on its books, As You Sow and Arjuna Capital file a shareowner resolution requesting that the company return capital to investors rather than embark on further exploration.
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.
Despite Pledges, G20 Subsidies of Fossil Fuel Exploration Continue (11/12)
Oil Change International co-authors a study which reveals that the Group of 20 governments spend $88 billion a year subsidizing exploration of fossil fuel reserves that cannot be burned if worst effects of climate change are to be averted.
Eurosif Updates Study of Sustainable Investment in Europe (11/10)
The sixth study published by the European Sustainable Investment Forum since 2003 details a continuing increase in assets devoted to aligning investments with social and environmental goals, and includes a lengthy analysis of the phenomenon of impact investing.
Phase Out Fossil Fuels by 2100, IPCC Warns (11/03)
The Synthesis Report of the Intergovernmental Panel on Climate Change warns that further delay in aggressive mitigation efforts will substantially increase the risks of severe and irreversible impacts on human life and ecosystems.
Contrasting Views on the Financing of Coal (10/30)
Rainforest Action Network congratulates US investment banks for backing away from Australian coal export terminal, while BankTrack reports that $83 billion was provided by banks to finance coal mining and coal power projects.
ECPAT-USA Continues Private Sector Engagement (10/29)
The organization's efforts to eradicate the commercial sexual exploitation of children have succeeded in encouraging more than 35 companies to implement the Tourism Child Protection Code of Conduct.
Financing Food Justice a Priority for ICCR Members (10/25)
Members of the Interfaith Center on Corporate Responsibility commemorated the recent World Food Day by calling for sustainable food systems and palm oil sourcing.
Investor Campaign for Board Diversity Heats Up (10/23)
Institutional investors representing more than $3 trillion in assets under management join with women's organizations to call for gender diversity on the boards of Russell 1000 companies.
Procter & Gamble Agrees to 90% Recyclable Packaging by 2020 (10/22)
But the personal products company inserts caveat into agreement by saying that it will either ensure that 90% of its packaging is recyclable or that “that programs are in place to recycle it" by then.
BICEP Member Patagonia Launches Vote the Environment Campaign (10/20)
The apparel company campaigns to overcome voter apathy in the US in order to elect officials who will support replacing fossil fuels with renewable energy.
Fossil Fuel Companies Failing to Integrate Risk (10/18)
Research by the Carbon Tracker Initiative reveals that while most fossil fuel companies acknowledge climate change as a risk, very few are integrating climate risks into project and capital expenditure assessments.
Is Child Labor in Uzbekistan Cotton Fields Decreasing? (10/16)
As You Sow's Responsible Sourcing Network reports that Tesco, the world's second largest retailer, has signed the Cotton Pledge and will avoid the use of cotton sourced from Uzbekistan until child labor is eliminated.
Investors Call for Oil and Gas Methane Regulation (10/13)
In a letter to the Environmental Protection Agency, investors with more than $300 billion in assets under management call for regulation of methane emissions from the oil and gas industry.
Federal Program Helps Wall Street, not Homeowners (10/08)
Distressed mortgages insured by the Federal Housing Administration are being sold to the highest bidder without regard to neighborhood stabilization. First of a two-part series.
Coal Keeps Getting Riskier for Investors (10/05)
The Carbon Tracker Initiative projects that as the demand for coal exports slows in China, $112 billion in planned future coal mine expansion and development is at risk of losing money.
Institutional Investors Pledge to Disclose Carbon Footprint of Portfolios (10/01)
Signatories to the Montreal Pledge, launched at last week's UN Climate Summit, will measure and disclose the carbon footprint of their investment portfolios on an annual basis.
Maybe Some Good Things Came out of Climate Summit (09/30)
Business commitments on deforestation and renewable energy are not enough to overcome government inaction and the resolve of the fossil fuel industry to burn all its assets and explore for more.
Voluntary Corporate Disclosure of Political Spending Improves (09/27)
The fourth annual CPA-Zicklin Index, which tracks voluntary disclosures of political spending by major corporations, notes improved transparency in the absence of effective regulation.
White House Announces Anticorruption Agenda for Business (09/25)
The Obama administrations says it will develop a National Action Plan “to promote and incentivize responsible business conduct, including with respect to transparency and anticorruption.”
Civil Action Grows to Unprecedented Heights. So Do Emissions. (09/22)
Upwards of 400,000 people take to the streets of New York City to demand meaningful action on climate change, and scientists report that greenhouse gas emissions reached record levels in 2013
NGOs Express Concern that Climate Summit Could be Hijacked (09/21)
An extensive network of nongovernmental organizations write to the UN Secretary-General arguing that private investment is not a replacement for public funds, while a campaign by the Indigenous Environmental Network warns against influence of corporations in the upcoming Climate Summit. Second in a two-part series.
$24 Trillion Calls for Climate Policy (09/20)
In advance of next week's climate summit at the United Nations, a group of institutional investment organizations representing 348 investors and $24 trillion under management call for climate policies that encourage clean energy investment. First in a two-part series.
Widespread Forced Labor in Malaysian Electronics Industry (09/19)
A study by Verite finds that nearly one-third of foreign migrant workers in the Malaysian electronics industry work under conditions of forced labor.
As You Sow Launches Shareowner Initiative on Executive Compensation (09/18)
With the ratio of CEO to average employee pay at 300:1 and increasing, As You Sow announced an Executive Compensation initiative to encourage shareowners to link executive pay to meaningful performance goals.
Bank of America Delisted from Leading Sustainability Index (09/13)
The bank, which had been listed on the Dow Jones Sustainability Indexes despite its leading role in financing coal projects, is delisted in 2014, but questions remain over some of the Index's industry sector leaders and other constituents.
Carbon Tracker Analysis Refutes Exxon Claims (09/12)
The analysis reveals that unconventional oil and gas exploration has contributed to ExxonMobil underperforming the S&P 500 by eight percent over five years, and that the company has not adequately stress tested a future low carbon scenario.
Reporting by Equator Banks Lacks Transparency (09/10)
An academic paper published by the Center for International Governance Innovation concludes that only five percent of financial institutions reporting to the Equator Principles disclose all the information required of them.
Regulate Corporate Political Spending, One Million Say to SEC (09/06)
At a press conference organized by members of the Corporate Reform Coalition, sustainable investors and other corporate governance advocates call on the Securities and Exchange Commission to mandate political spending disclosure by corporations.
Thai Company Sues Activist for Revealing Human Rights Abuses (09/03)
Instead of addressing human rights violations in its workplace, Natural Fruit sues British activist Andy Hall for defamation, a charge that could land him in jail for eight years.
Integrity of UK Supply Chains Threatened by Complacency (08/29)
The Chartered Institute of Purchasing and Supply finds that only eleven percent of UK-based supply chain professionals say they have visibility throughout their entire corporate supply chains.
Addressing Pollution a Top Priority for Development in China (08/28)
The China Greentech Report 2014 finds that sustainable development, once considered an optional approach, is now a prerequisite as the world's largest emitter of greenhouse gases struggles with pollution in its cities.
Militarization of American Policing a Nationwide Problem (08/23)
An ACLU report originally published in June gains especial relevance in the wake of the paramilitary response to civil unrest in Ferguson, Missouri.
Heavy Construction Equipment and the Israeli Occupation (08/21)
Who Profits, a research organization based in Tel Aviv, issues a report analyzing the role of heavy equipment manufacturers in supporting Israeli occupation of Palestinian territories.
Corporate Recycling Loans or Extended Producer Responsibility? (08/20)
A consortium of major corporations led by Walmart launches the Closed Loop Fund to help fund municipal recycling projects, but critics say EPR will accomplish more.
Distributed Energy Resources Require a New Regulatory Framework (08/18)
The New England Clean Energy Council calls for modernization of the region's grid to encourage renewables and distributed energy resources.
ConAgra Joins Movement to Eliminate Deforestation (08/16)
Green Century Capital Management and the New York State Common Retirement Fund withdraw a shareowner resolution after the packaged food giant agrees to eliminate palm oil suppliers engaged in deforestation from its supply chain.
Online Petition Urges Pope to End Mandate Against US Nuns (08/11)
Despite the compassionate message of Pope Francis publicized widely by the Vatican, the effort to put Women Religious in their proper place in a patriarchal hierarchy persists.
Investors Pressure Ralph Lauren on Human Rights (08/09)
Members of the Interfaith Center on Corporate Responsibility attend annual shareowner meeting of Ralph Lauren to support a resolution filed by the AFL-CIO requesting that the company conduct a human rights risk assessment.
Corporate Reporting and Materiality (08/08)
A report by the Governance & Accountability Institute assesses the materiality of key indicators in reporting to the Global Reporting Initiative by more than 1,000 corporations in 2012.
Investors Call on Banks to Consider Climate Risks (08/07)
Boston Common Asset Management publishes a report on climate risks in the banking sector and invites investors to sign on to letter to be sent to major banks.
Student Cellist Bases Composition on Climate Data (08/05)
It's as inevitable as the effects of climate change that artists will engage more deeply with the subject, and a recent chamber music festival in Ottawa, Canada featured five compositions addressing it.
Indigenous Rights Help Prevent Deforestation (08/04)
A report by the World Resources Institute and the Rights and Resources Initiative concludes that autonomous decision-making by native peoples results in improved community benefits and greater carbon storage.
Subsidies for Oil and Gas Companies Increase under Obama (08/02)
A report by Oil Change International estimates that fossil fuel exploration and production subsidies have increased by 45% since President Obama took office in 2009, as his repeated efforts to lower them have been stymied in Congress.
Colombian Securities Exchange Joins Sustainable Stock Exchanges Initiative (08/01)
The stock exchange becomes the second in Latin America to join the United Nations' initiative, and commissions a report from Sustainalytics on the state of sustainable investment in the region.
General Mills to Report on Supply Chain Emissions (07/29)
The company agrees to report on and reduce greenhouse gas emissions in its supply chain, joins Business for Innovative Climate & Energy Policy, and becomes a signatory to the Climate Declaration.
Electric Utilities Ranked on Renewables and Energy Efficiency (07/28)
A report from Ceres and Clean Edge benchmarks the nation’s largest electric utilities on renewable energy sales, and cumulative and incremental energy efficiency savings.
Resolutions Target GMO Labeling and Extended Producer Responsibility at Safeway (07/25)
The annual general meeting of the supermarket chain was dominated by merger talks, but health and environmental resolutions filed by Green Century and As You Sow were considered as well.
World Bank Calls for Price on Carbon (07/24)
Stating that the debate over pricing carbon has shifted from whether to how, the World Bank invites stakeholders to become signatories to a statement calling on governments to take action.
Professional Institute for Sustainability Practitioners Launched in UK (07/22)
Members of the UK-based Corporate Responsibility Group launch the Institute of Corporate Responsibility and Sustainability, a professional body for sustainability practitioners.
EPA Limits on Alaskan Pebble Mine Likely to Prevent Construction (07/21)
The Agency's proposal states that if constructed the mine would lead to unprecedented losses in streams and wetlands, and cause streamflow alterations, threatening one of the world's largest salmon fisheries.
Investors Applaud Palm Oil Sourcing Policy Announced by Smucker's (07/18)
Clean Yield Asset Management and Green Century Capital Management withdraw shareowner resolution after company commits to environmental protection by sourcing only deforestation-free palm oil.
Ways to Assess Corporate Action on Climate Change (07/15)
The Carbon Tracker 200 list provides information on the unsustainable practices of the world's largest fossil fuel companies, and Ceres collaborates on a searchable database of climate change disclosures by US companies listed on the Russell 3000 index.
Unitarians Craft Divestment Policy that Provides for Continued Engagement (07/14)
SocialFunds.com talks with Simon Billenness of the Unitarian Universalist Association about the year-long process to develop a policy of divestment from fossil fuel companies while retaining shareowner engagement.
Carbon Tracker Responds to Shell on Stranded Assets (07/09)
The Carbon Tracker Initiative, whose 2011 report on stranded fossil fuel assets helped launch the fossil fuel divestment movement, joins with Energy Transition Advisors to argue that Shell's statement on stranded assets underestimates the magnitude of risk to investors.
Privatization Harms Public Services (07/05)
A working paper published by the UK-based New Economics Foundation calls for a model of co-production of social services, in which front-line service providers and service recipients collaborate.
UK Clarifies Long Term Fiduciary Duty (07/03)
A report issued by the UK Law Commission determines that it is the duty of pension fund fiduciaries to consider environmental, social, and corporate governance factors when they could impact long-term investment.
Step Back from New Oil Sands Projects, Scientists Tell North American Leaders (06/28)
Citing approval of pipelines and other oil sands projects as symptoms of a broken policy process, a group of scientists call for no new oil sands project approvals unless they are consistent with effective climate change policies.
High Level Report Outlines Risks from Climate Change in US (06/27)
The Risky Business Project releases a report warning of severe economic disruptions from rising sea levels and extreme heat.
Supreme Court Upholds EPA Authority to Regulate Greenhouse Gas Emissions (06/24)
The Court's ruling allows the Environmental Protection Agency to regulate greenhouse gas (GHG) emissions from sources whose conventional pollutants are already being regulated.
Human Rights Groups Commend State Department for Action on Thailand (06/23)
The 2014 Trafficking in Persons Report downgrades the status of Thailand due to widespread human trafficking and official corruption in the country's lucrative seafood industry.
Investors Tell FedEx to Distance Itself from Racist NFL Team Name (06/21)
FedEx has naming rights to Washington DC stadium that is home to the Washington Redskins, the professional football team under increasing pressure to change its racist name.
Pope Francis Calls for Sustainable Investment to Help the Poor (06/20)
At a symposium on impact investing held this week at the Vatican, the Pope calls on the capital markets to serve the good of humanity.
Shareowner Action on Fracking Disclosure Proves Strength of Proxy (06/18)
The Investor Environmental Health Network reports that of six shareowner resolutions filed this year with companies engaged in hydraulic fracturing, four were withdrawn and two received substantial support.
Panelists at Slow Living Summit Discuss Context Based Sustainability Metrics (06/17)
Corporate sustainability architect Bill Baue leads a conversation about the importance of placing sustainability reporting in the context of planetary boundaries. Second of a two-part series.
House Bill Calls for Corporate Disclosure of Human Trafficking Risks (06/12)
Investors issue statement in support of bill introduced this week that will require companies to disclose policies addressing human trafficking in their supply chains.
Shareowner Rights Under Attack (06/11)
Abetted by comments by an SEC commissioner, the US Chamber of Commerce petitions to keep shareowner resolutions from returning to proxy ballots.
Coal Fired Power Consumption Slowing in China (06/09)
Carbon Tracker and the Association for Sustainable and Responsible Investment in Asia report that investors need to consider the implications of significant stranded assets in China's coal sector.
Sustainability Reporting by Large Corporations Up Sharply (06/04)
In its updated analysis of sustainability reporting by S&P 500 companies, the Governance & Accountability Institute finds that almost three-quarters now do so.
EPA Announces Historic Emissions Limits for Power Plants (06/03)
More than 40% of the nation's greenhouse gas emissions come from power plants, and when enacted the new regulations will reduce emissions from existing power plants by 30% nationwide below 2005 levels.
Four Sustainability Professionals Inducted into ISSP Hall of Fame (06/02)
Launched in 2011, the International Society of Sustainability Professionals Hall of Fame seeks to acknowledge individual contributions to the advance of sustainability.
Activist Shareowners Make Their Way to Texas to Confront Chevron (05/31)
Simon Billenness of the Unitarian Universalist Association talks with SocialFunds.com about Chevron's ongoing legal quagmire in Ecuador and his efforts to have the oil and gas company appoint an independent Chair.
Oil Change International Exposes Growing Crude by Rail (05/30)
A new report estimates that an average of 135 trains with 100 cars apiece are moving crude oil via the rail system of North America, and at any given time nine million barrels are being transported by rail.
No Surprise: Climate Change the Biggest Issue for Sustainable Investors (05/29)
A survey of eleven sustainable investors by Monitor Global Outlook reveals that while more environmental and social shareowner resolutions have been filed in 2014 than ever before, the number of withdrawals has set a record too.
One Blog and Two News Briefs (05/28)
The author reflects upon personal responses to climate change, Trillium Asset Management withdraws resolution at Lowe's, and Sustainalytics research is now on Bloomberg.
Record Support for Stranded Assets Resolution at Anadarko Petroleum (05/27)
Resolution filed by As You Sow requesting that oil and gas company report on risk of stranded assets gains support of 30% of shareowners, the highest percentage for such a resolution thus far.
Uncivilization: an Artistic Manifesto for an Age of Ecocide (05/24)
The Dark Mountain Project contends that the human race has already destroyed the possibility of its survival and advocates for cultural responses that reflect reality. First of a two-part series.
Investment Professionals Taking Stranded Assets Seriously (05/23)
In advance of the 25th annual SRI Conference on Sustainable, Responsible, Impact Investing, First Affirmative Financial Network surveys sustainable investment professionals and finds that a majority believes now is the time to assess investments in fossil fuel companies.
US House Passes Human Trafficking Bills (05/22)
Strong bipartisan support for a package of bills that encourage states to provide social services to victims of forced prostitution and impose additional penalties for those engaged in human trafficking.
EIRIS Launches Investment Watch for Burma (05/21)
After President Obama issues an Executive Order continuing the national emergency in Burma, the EIRIS Conflict Risk Network establishes an Investment Watch for Burma to help investors determine the reporting transparency of companies doing business there.
Shell Joins Exxon in Denying Assets are Stranded (05/20)
A long-winded response by the oil company to shareowner concerns boils down to the assertion that it plans to burn all the reserves on its books regardless of the impact on climate change.
Film Review: The Wisdom to Survive (05/19)
Filmmakers John Ankele and Anne Macksoud document the destruction of nature from the developed nations' addiction to fossil fuels, but argue that there is still time to remake civilization in a just and sustainable way. Second of a two-part series.
Is it Time to Consider Planetary Hospice? (05/17)
Environmental activist Zhiwa Woodbury concludes that climate change will lead to the extinction of life on our planet, and recommends hospice for the entire human race based on the stages of grief of Kubler-Ross. First of a two-part series.
Colgate-Palmolive Commits to Emissions Reductions (05/16)
Shareowner engagement by Walden Asset Management leads to agreement by the company to reduce greenhouse gas emissions in line with standards recommended by the Intergovernmental Panel on Climate Change.
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.
Carbon Tracker Publishes First in Series on Stranded Assets (05/09)
The first of three reports analyzing the investment risks associated with stranded fossil fuel assets coincides with Stanford University's divestment of coal stocks from its $19 billion endowment.
Third National Climate Assessment Published (05/06)
In its new report, the US Global Change Research Program asserts that the effects of climate change have already become a present day concern, and announces the launch of a website to help Americans receive reliable scientific information.
Quality of Corporate Engagement Improved Since Dodd-Frank (05/03)
A new report from the Investor Responsibility Research Center Institute and Institutional Shareholder Services concludes that both investors and companies are more satisfied with engagement since say on pay rules were issued.
Corporations Lagging in Sustainability Efforts (05/02)
In a follow-up to their 2012 report on corporate sustainability, Ceres and Sustainalytics reiterate that major US corporations are failing to keep pace with urgent environmental and social challenges.
Sister Patricia Daly Honored for Shareowner Advocacy (05/01)
The Executive Director of the Tri-State Coalition for Responsible Investment and longtime member of the Interfaith Center on Corporate Responsibility receives the Joan Bavaria award from Ceres for advocacy on behalf of environmental justice.
NRDC Teams with Investment Firms to Offer Fossil Fossil Fuel Free Equity Index (04/29)
The Natural Resources Defense Council joins BlackRock and FTSE Group to launch a equity global index series that excludes companies engaged in exploration, ownership, or extraction of carbon-based fossil fuel reserves.
Investors Mark Anniversary of Rana Plaza Tragedy (04/25)
A coalition of institutional investors organized by the Interfaith Center on Corporate Responsibility issue a statement calling on apparel brands and retailers to ensure that the human rights of workers in supply chains are being honored.
Google Facing Several Resolutions on Corporate Governance (04/22)
The tech giant's 2014 proxy statement reads like a compendium of corporate governance issues. Second of a two-part series.
Resolution Calls for Transparency in Lobbying Expenditures by Google (04/21)
Filed by Walden Asset Management and other sustainable investment organizations, the resolution documents a 250% increase in lobbying expenditures by Google in the last five years. Part one of a two-part series.
ICCR Writes to Bank of America on Financing Fossil Fuels (04/19)
A letter signed by 50 institutional investors accompanies a shareowner resolution filed by an ICCR member, requesting that Bank of America report on its financing of greenhouse gas emissions.
Sustainable Investors Mostly Quiet on McCutcheon vs. FEC (04/07)
The most recent evisceration of campaign finance laws may not be the Supreme Court's last, emphasizing the critical need for regulation and redoubled efforts on political spending disclosure.
Investors Call for Sustainability Reporting by Small-Cap Companies (04/04)
A shareowner resolution from Walden Asset Management, part of a sustainable investor initiative, wins significant support at the annual general meeting of CLARCOR.
Dare We Celebrate Exxon Agreeing to Report on Fracking Risks? (04/03)
As You Sow and the New York City Pension Funds withdraw resolution when Exxon agrees to increased transparency days after the oil and gas company issues disappointing report on stranded assets.
Disclosures by Fracking Companies Still Poor (04/01)
Research commissioned by the Principles for Responsible Investment reveals that oil and gas companies engaged in hydraulic fracturing fail to adequately disclose risks associated with the practice.
Literature and Climate Change (03/25)
In which this writer turns to a writer of creative literature for inspiration and understanding in considering the climate crisis.
Investors Protest Corporate Lawsuits Against Shareowners (03/22)
A coalition of investors led by NorthStar Asset Management writes to four companies that have sought to bypass regulatory system by bringing lawsuits against shareowners for resolutions they filed.
ExxonMobil to Report on Stranded Assets (03/21)
A shareowner resolution is withdrawn by As You Sow after Exxon agrees to becomes the first oil and gas company to report on the impacts of unburnable carbon assets on its business model.
Trillium Withdraws Diversity Proposal at Wabtec (03/19)
The resolution, which called for a policy emphasizing board diversity at the locomotive and train car components manufacturer, is one of a number withdrawn by Trillium this proxy season.
Massachusetts Court Upholds Corporate Governance Proposal (03/13)
Denied a no-action letter by the SEC on a shareowner resolution calling for an independent chair, EMC turns to the courts instead and fails.
Profit or Health in the Trans-Pacific Partnership? (03/07)
Members of the Interfaith Center on Corporate Responsibility warn US trade negotiator against expanding tobacco sales and increasing intellectual property rights for medicine.
European Energy Companies Failing to Adapt (03/05)
A report from Greenpeace cites analysts who find that to maintain even diminished profits, the largest European Union utilities will have to shut down most of the fossil fuel capacity added in the last ten years.
More than 120 Companies Adopt Political Disclosure (02/28)
The Center for Political Accountability announces that 122 companies have adopted political transparency and accountability as a result of agreements with the organization and its investor partners.
Investors Warned Again of Risks in Arctic Drilling (02/26)
A coalition of nonprofit organizations releases a report for institutional investors detailing the considerable financial, environmental, and social risks associated with Shell's plans to drill for oil in the waters of the US Arctic.
US SIF Publishes Political Spending Guide for Investors (02/24)
Confronting Corporate Money in Politics focuses on using the proxy ballot to advocate for transparency in corporate political spending and lobbying expenditures.
JPMorgan Agrees to Report on Governance and Risk Management (02/22)
After engagement with the bank, members of the Interfaith Center on Corporate Responsibility withdraw resolutions addressing risk mitigation efforts and separating the positions of Board Chair and CEO.
Shareowners Continue Efforts to Limit Corporate Political Spending (02/21)
Sixty institutional investors file 48 shareowner resolutions calling on corporations to report on federal and state lobbying expenditures, including payments to trade associations.
Kellogg's Commits to Deforestation-Free Palm Oil (02/20)
Green Century Capital Management withdraws shareowner resolution after the food processing company agrees to source only deforestation-free palm oil by next year.
Divest or Engage Meets the Capital Markets (02/19)
Investors aligned with Ceres with Ceres file ten resolutions addressing stranded fossil fuel assets, and Green Century Capital Management announces its Equity Fund will become fossil free.
Kerry Denounces Complacency on Climate Change Action (02/18)
In a speech in Indonesia, the Secretary of State describes that country as one of the most vulnerable to the effects of climate change, and calls for a global commitment to reducing greenhouse gases.
ICCR Publishes 2014 Proxy Resolutions and Voting Guide (02/15)
The number of shareowner resolutions addressing environmental health filed by members of the Interfaith Center on Corporate Responsibility in 2014 increases sharply over 2013, reflecting the urgency of action on climate change.
SEC Action on Corporate Climate Disclosure Inadequate (02/13)
Four years after the Commission issued interpretive guidance on climate change disclosure, the quality of corporate reporting remains low, according to a report from Ceres.
Book Review: Trusting Harvard: The Cost of Unprincipled Investing, by Robert A.G. Monks and Marcy Murninghan (02/08)
Two notable advocates for the practice of sustainable investment—both graduates of Harvard themselves—address the discrepancies between the university's academic mission and the investment policies of its endowment.
Hershey Exceeds Target for Sourcing Sustainable Cocoa (02/07)
Shareowner engagement by members of the Interfaith Center for Corporate Responsibility helps the Hershey Company exceed its commitment to ensuring that 10% of its cocoa supply would be certified by 2013.
Investors Renew Efforts to Improve Fracking Accountability (02/06)
Ceres publishes a report on hydraulic fracturing in water-stressed regions, and five shareowner resolutions filed this year address water and other risks associated with fracking.
Investors Push Emerson Electric on Sustainability Reporting and Relationship with ALEC (02/04)
For the fifth consecutive year, Walden Asset Management requests that company report on sustainability while two more shareowner resolutions request transparency on political spending and lobbying.
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.
How to Fund Clean Energy Investment (01/23)
A report released by Ceres at the recent Investor Summit on Climate Risk suggests that the responsibility for scaling up clean energy finance to the necessary level is shared by institutional investors, banks, and policymakers. Third in a three-part series.
Climate Summit Press Conference Focuses on Policy and Fiduciary Duty (01/21)
Prominent representatives of government, business, and institutional investment meet with journalists to discuss strategies for increasing climate finance. Second of a three-part series.
Institutional Investors Meet to Discuss Climate Finance (01/17)
At a conference hosted by Ceres at the United Nations, 550 institutional investors hear climate scientist Rosina Bierbaum describe the effects of climate change that are already underway. First of a three-part series.
Genocide-Free Proposal to Stay On Proxy Ballot at Franklin Templeton (01/11)
After the SEC rules against Franklin Templeton's request to have the resolution omitted, Investors Against Genocide will return to the mutual fund family's next annual meeting and renew call for a genocide-free investment policy.
Evaluate Public Policies on Climate, Investors Tell Energy Companies (01/09)
Building on its efforts to pressure corporations to report on greenhouse gas emissions strategies, the Raising the Bar investor initiative requests that energy companies review lobbying policies relating to climate legislation.
Top Sustainable Investment Stories for 2013 Part 3 (01/08)
Divest or engage? Sustainable investors have wrestled with arguments of divestment versus engagement, and many have concluded that engagement provides them with the better opportunity to pressure fossil fuel companies to change their behaviors. Meanwhile, sustainable investment firms such as Green Century Capital Management and Trillium Asset Management have been offering fossil free investment opportunities for years.
Top Sustainable Investment Stories for 2013 Part 2 (01/07)
Sustainable shareowners request that fossil fuel companies report on financial impacts of having to leave in ground a majority of reserves on their books if climate change is to be addressed.
Top Sustainable Investment Stories for 2013 Part 1 (12/31)
As the daily mean concentration of carbon dioxide in the atmosphere surpasses 400 parts per million for the first time in three million years, the Intergovernmental Panel on Climate Change emphasizes tha human activity is responsible for climate change.
Using Science to Set Emissions Targets (12/27)
Climate Counts and the Center for Sustainable Organizations rank 100 companies within the context of climate science and find that nearly half are rated as sustainable.
Improved Corporate Communication Key to Long Term Investment (12/23)
Based on consultations with investors and companies, a new paper finds little support for the concept of loyalty-driven securities, but investors agree on the importance of long-term investment horizons.
NGOs Condemn Chevron for Assaults on Free Speech (12/20)
Following the most recent of Chevron's legal maneuvers to avoid responsibility for environmental damage in Ecuador, a group of nongovernmental organizations publish an open letter condemning its tactics.
Volcker Rule Is Finalized (12/14)
After delays that gave rise to fears of gaming by banking industry lobbyists and led to a lawsuit by Occupy SEC, federal regulators finally issue final rules implementing the Volcker Rule.
More Environmental Risks for Fracking Operations (12/13)
A report by the Environmental Integrity Project warns that construction or expansion of more than 90 natural gas power plants could increase greenhouse gas emissions by 91 million tons.
At-Risk Industries Urged to Address Human Trafficking in Supply Chains (12/11)
The Interfaith Center on Corporate Responsibility announces that members will engage with companies in the food-agricultural and hospitality sectors to ensure that human rights in supply chains are being met.
Nelson Mandela (12/09)
Not only was the late South African leader an icon for international justice and peace; his struggles against apartheid have had a lasting impact on the quest of sustainable investors for social justice in capital markets.
Divest or Engage a Serious Question for More than Investors (12/06)
UK think tank Meteos convenes an investor dialogue on risks to energy holdings and recommends more analysis of the effects of climate change mitigation on stranded fossil fuel assets.
Investors Call for Improved Disclosures by Operators of Wood-Burning Power Plants (11/22)
A report by the Partnership for Policy Integrity challenges claims of carbon neutrality by three companies with bioenergy operations, and 15 fifteen investors call on the Securities and Exchange Commission to review disclosures by the companies.
Shareowners Opt for Engagement to Press Chevron on Corporate Governance (11/19)
Shareowner advocate Simon Billenness updates SocialFunds.com on judgment against Chevron in Ecuador, and explains why engagement with fossil fuel companies is more effective than divestment.
Shareowner Engagement yet to Convince Frackers to Disclose (11/11)
A group of sustainable institutional investors issues a report on the hydraulic fracturing industry that reveals companies are failing to disclose impacts on communities and the environment from their operations.
As Fossil Fuel Divestment Grows, Cleantech Offers Opportunities for Investors (11/01)
As You Sow teams with Kachan & Co. and the Responsible Endowments Coalition to outline opportunities for investors in cleantech. Second of a three-part series.
Fossil Fuel Divestment only the First Step (10/29)
Investors join 350.org to produce a guide on divesting from fossil fuel companies. First of a three-part series.
Resource Addresses Human Trafficking in Corporate Supply Chains (10/23)
The Know the Chain initiative, whose investor partners include the Interfaith Center on Corporate Responsibility and the Responsible Sourcing Network, seeks to document corporate compliance with California's new law governing human trafficking.
Shareowners Call for Independent Chair at Twenty-First Century Fox (10/21)
A resolution co-filed by Christian Brothers Investment Services and the British Columbia Investment Management Corporation is supported by two-thirds of independent shareowners, but the company's dual-class stock structure insulates Rupert Murdoch from a majority vote.
Stay out of GMO Fight, Shareowners Tell Food Companies (10/11)
Investors file resolutions with many food and biotech companies, warning them of reputational consequence of donating to defeat a ballot initiative in Washington State calling for labeling of food products containing genetically modified organisms.
Shareowners Question FedEx over Washington Redskins (10/08)
A floor resolution at the company's annual meeting cites global human rights standards in asking for a report on the impact of ending a business relationship with the NFL team over racist nickname.
Engage or Divest? (10/07)
As college students continue their campaign for divestment from fossil fuel companies, Northstar Asset Management debunks estimates of the cost of the investment strategy and questions whether shareowner engagement can be effective.
The State of Shareowner Engagement in Europe (10/04)
Eurosif reports on investor engagement with corporations in Europe and finds that engagement on environmental, social, and corporate governance issues is steadily increasing.
Sustainable Investors Applaud SEC Rules on Executive Compensation (09/24)
A proposed amendment to existing rule will require corporations to compare CEO pay with the average compensation of all other employees.
Mutual Fund Challenged over Proxy Voting on ESG Issues (09/23)
Zevin Asset Management files a shareowner resolution at Franklin Resources, requesting that the mutual fund company report on proxy voting policies relating to environmental and social issues.
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.
Occupy Movement to Rally for a Robin Hood Tax on Financial Transactions (09/16)
On the second anniversary of the movement's birth, protestors will march on Chase Manhattan Bank and call for a financial transaction tax to raise funds for social programs.
CDP Report on Global 500 Emissions Is Published (09/14)
The report finds that the average emissions of the 50 heaviest emitters among the world's largest companies have actually increased since 2009.
Bank of America a Corporate Sustainability Leader? (09/13)
S&P Dow Jones Indices announces that Bank of America will be added to its influential sustainability indexes despite the bank's continuing financial support of the coal industry.
Chevron Drops Damage Claims Against Ecuadorians (09/12)
The oil company also requests that Judge Lewis Kaplan and not a jury decide its RICO lawsuit, and that defendants be barred from introducing evidence of environmental destruction in Ecuador.
Global Impact Investing Network Publishes Guide to ESG Metrics for Investors (09/05)
The Impact Reporting and Investment Standards (IRIS) is a set of metrics designed to evaluate both a corporation's financial performance and its environmental, social, and governance impacts.
Bank of America Bankrolls Coal India Despite Poor ESG Performance (09/04)
Bank of America and Goldman Sachs are among the foreign banks selected by the government of India to sell a stake in the world’s largest coal company, despite Bank of America's statements of commitment to sustainability.
Record Number of Sustainability Resolutions in 2013 (08/21)
In its overview of the 2013 proxy season, Ceres reports that 40% of all resolutions filed address environmental and social issues, and that 40 of the 110 such resolutions were withdrawn.
Tyson Shareowners Call for Humane Treatment of Animals (08/19)
Green Century Capital Management is co-filer of a resolution requesting that meat processing company report on risks associated with the use of gestation crates for pigs.
Shareowner Support for Environmental and Social Resolutions at a Ten-Year High (08/16)
Jackie Cook of Fund Votes summarizes the 2013 proxy season and notes strong support for shareowner resolutions across the environmental, social, and corporate governance spectrum.
US SIF Offers Guides on Climate Change Investment for Retail and Institutional Investors (08/15)
Warning of the urgent crisis that is climate change, the guides provide basic information on voting proxies, filing shareowner resolutions, and public policy advocacy.
Ceres Publishes Blueprint for Sustainable Investment (08/14)
In The 21st Century Investor, Ceres outlines how investors can help transform the global economy into one in which sustainability is the central concern. Second of two parts.
Another Majority Vote for Political Spending Disclosure (08/13)
A 65% vote by shareowners in favor of increased transparency on lobbying expenditures by Alliant Techsystems follows an even higher vote for a similar proposal at CF Industries.
Investors Renew Call for Genocide-Free Investing at ING (08/12)
More than a year has passed since a majority of shareowners supported a resolution sponsored by Investors Against Genocide, but the financial services firm continues to refuse to implement a genocide-free investment policy.
Ceres, ICCR Offer Guidance for Sustainable Investing (07/02)
The Interfaith Center on Corporate Responsibility provides insights for investors on climate change, and Ceres issues a blueprint for investors seeking to incorporate sustainability into their decision making. First of two parts.
Boston Common Asset Management Receives Business Leader in Human Rights Award (06/29)
The sustainable investment firm is honored by the Political Asylum/Immigration Representation Project for promoting attention to human rights issues in the corporate sector.
Major Cities Adapting to Climate Change (06/28)
A report by the Carbon Disclosure Project and the C40 Cities Climate Leadership Group reveals that many of the world’s largest cities have launched energy efficiency and other initiatives to lessen the effects of climate change.
Obama Directs EPA to Use Clean Air Act to Regulate Emissions (06/26)
Acknowledging that Congress is likely to persist in failing to act on climate change, the President decides that executive action is needed to address a growing crisis whose effects are already being felt.
Hundreds of Small Businesses Sign Climate Declaration (06/24)
During the recent Small Business Week in Washington DC, the American Sustainable Business Council and Business for Innovative Climate and Energy Policy announce that 364 small businesses from 47 states have joined the call for lawmakers to act on climate change.
Investor Coalition Holds First Global Forum on Climate Change (06/20)
The Global Investor Coalition on Climate Change, a network of four regional climate change investor groups, holds its first meeting in Hong Kong and launches an action plan to facilitate low-carbon investment.
Genocide-Free Shareowner Proposal Gains Strong Support at Fidelity Investments (06/19)
Investors Against Genocide continues its campaign to pressure mutual funds and other financial institutions into adopting genocide-free investment policies.
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.
Investors Square Off with Chevron CEO at Shareowner Meeting (06/01)
Shareowner advocate Simon Billenness cites the company's $19 billion legal quagmire in Ecuador in requesting a lower threshold for calling special meetings while Atossa Soltani of Amazon Watch is ejected from meeting at request of CEO John Watson.
Effective Policy Will Drive Investment in Energy Efficiency (05/28)
A report from Ceres and the Investor Network on Climate Risk calls for policies that will encourage institutional investors to invest in energy efficiency projects.
How Not to Endear Yourself to Shareowners (05/25)
Range Resources attacks Trillium Asset Management for requesting that it report on fugitive methane emissions, and Urban Outfitters seeks to address diversity concerns by appointing the wife of the CEO to the board.
High Profile Proxy Season Reveals the Plumbing (05/24)
A proxy distribution service abruptly reverses policy and refuses shareowner access to preliminary vote totals at JPMorgan Chase, and Institutional Shareholder Services settles charges that an employee sold voting data.
JPMorgan Shareowners Vote on Corporate Governance and Genocide-Free Investing (05/22)
A resolution calling for the separation of the positions of board chair and CEO gains the votes of one-third of the bank's shareowners, while support for a genocide-free investing proposal increases.
Chevron Continues to Misrepresent Ecuador Judgment, Updated Report Says (05/20)
Attorney Graham Erion updates his 2012 report on misrepresentations made by Chevron to investors regarding the $19 billion judgment against it for environmental destruction in Ecuador.
Investors Call on Corporations to Ensure Worker Safety in Bangladesh (05/18)
Two coalitions of investors pressure clothing retailers to join the Accord on Fire and Building Safety in Bangladesh, whose 40 signatories include only two companies headquartered in the US.
First Carbon Bubble Resolution Wins Strong Support at CONSOL Energy (05/16)
Twenty percent of shareowners support an As You Sow request that the company report on the financial risks associated with having to leave most of its coal reserves in the ground.
Shareowners Re-file Governance Resolutions at News Corp (05/15)
Christian Brothers Investment Services and the British Columbia Investment Management Corporation request separation of positions of board chair and CEO, while the Nathan Cummings Foundation calls for elimination of the media company's dual-class share structure.
Three Million Years Later, 400 Parts per Million of CO2 in Atmosphere (05/13)
Daily concentrations of carbon dioxide in the atmosphere pass the 400 parts per million threshold, foretelling severe effects from climate change if a long-overdue reversal of the trend does not occur.
Biggest Corporate Political Spenders Face Resolutions (05/09)
Bank of America, Chevron, ExxonMobil and 3M all face shareowner resolutions requesting that they refrain from using corporate treasuries for political donations.
Resolution Calls on CONSOL Energy to Report on Stranded Assets (05/08)
Up to 80% of known fossil fuel reserves will have to stay in the ground if climate change is to be addressed, and As You Sow requests that the coal producer report on the risks of stranded reserve and infrastructure assets.
US Banks Continue to Finance Coal (05/01)
Despite the coal industry's leading impact on climate change and the bankruptcies of several operators of coal-fired power plants, US banks continue to finance mountaintop removal and the construction of new plants.
Avon Challenged to Remove Toxins from Cosmetics (04/30)
Shareowners will vote this week on a resolution by Green Century Capital Management that follows the introduction in Congress of the Safe Cosmetics and Personal Care Products Act of 2013.
Price Externalities, Report Tells Companies and Investors (04/26)
A new analysis from Trucost estimates that unpriced externalities cost the global economy at least $7.3 trillion per year, and finds that no companies in high impact sectors would be profitable if they had to account for environmental costs.
Investors Want Baby Formula Free of GMOs (04/25)
As the use of genetically modified organisms in food products becomes increasingly controversial in the US, As You Sow introduces a shareowner resolution requesting that Abbott Laboratories remove GMOs from infant formula.
Investors Call for Meaningful Immigration Reform (04/23)
A coalition of investors associated with the Interfaith Center on Corporate Responsibility call for immigration reform that includes a pathway to legal status and protects the rights of immigrants in US workplaces.
INCR Propose Listing Standards for Stock Exchanges (04/19)
Drawing upon dialogues with NASDAQ and other stock exchanges, INCR produces a consultation paper recommending the integration of sustainability disclosure requirements into listing rules.
US SIF Launches Online Course on Sustainable Investment (04/18)
The Forum for Sustainable and Responsible Investment launches the Center for Sustainable Investment Education and the first online course offering of its kind in the US.
Paper Cited as Support for Austerity Is Wrong, Researchers Find (04/17)
A 2010 academic paper warning of the consequences of high debt was cited by Representative Paul Ryan and others as justification for austerity measures, but a new analysis of the paper's findings reveals that mistakes undermine its conclusions.
Shareowners Call for a Vote in Favor of Good Governance at JPMorgan (04/15)
In a letter to the bank's shareowners, the American Federation of State, County & Municipal Employees and its co-filers argue for support for their resolution calling for separation of the positions of Chair and CEO.
Climate Principles Issues Best Practices for Hydraulic Fracturing (04/13)
Guidelines for financiers of hydraulic fracturing published by the European Climate Principles add to calls for greater transparency by companies engaged in the practice.
From Divestment to a Sustainable Investment Strategy (04/08)
The authors of Crossing Thresholds: From Fossil Fuel Divestment to Sustainable Investment argue for the inclusion of environmental and social thresholds in investment decision-making and corporate management.
Bankrolling the Dismantling of the Volcker Rule (04/05)
Despite a Senate report finding that JPMorgan's London Whale losses would have been prohibited by the Volcker Rule, members of a House Committee take bank contributions and vote to advance a bill that would allow taxpayer bailouts of too big to fail banks.
On Divestment and a Portfolio Free of Fossil Fuels (04/05)
The debate over the investment implications of divestment continues, but the Green Century Balanced Fund has a carbon footprint less than half that of the S&P 500 without sacrificing financial returns.
Investors Want Better Disclosure from Municipal Water Utilities (04/02)
Basing their requests on a framework developed by Ceres, 12 investors write to the National Federation of Municipal Analysts, asking for improved disclosure to ensure that all material information is provided.
Twenty Years on, Corporate Sustainability Still Lacking (03/30)
In its annual rating of the sustainability performance of the world's largest companies, oekom research finds that only one in six demonstrate adequate commitment.
After Double-Checking the Definition of Plutonic (03/25)
Encouraged by a morning's reading of recent posts in Peter Kinder's excellent blog The Bell, a writer meditates upon the uncertain finish to the race between sustainability and overconsumption of resources.
Bank of America Urged to End Financing of Coal (03/21)
Sustainable investors are among the 50 signatories to a letter delivered to Bank of America, urging it to phase out the financing of coal and shift its lending priorities to renewable energy.
Insurers Still Unequipped to Deal with Climate Change (03/18)
In a survey of 184 disclosures by insurance companies, Ceres finds that only 23 have climate change strategies, and few have policies in place to help prepare for the effects of climate change.
Law Professor Anticipates Future of Climate Adaptation Law (03/16)
In an academic paper, J.B. Ruhl of the Vanderbilt University Law School summarizes the piecemeal efforts undertaken thus far to address climate adaptation from a legal standpoint, and outlines legal issues that are likely to emerge.
15 Million Shares Vote for Genocide-Free Investing Proposal at Mutual Fund (03/15)
Investors Against Genocide calls on Franklin Templeton to adopt a policy against investing in companies whose operations contribute to genocide.
Report Says Carbon Bubble Poses Risk to Financial Stability (03/13)
Originally published in 2011, Carbon Tracker's report Unburnable Carbon wins a Farsight Award from UK-based Long Finance for its assessment of the financial implications of fossil fuel reserves.
First-Time Shareowner Resolutions Address Stranded Fossil Fuel Assets (03/11)
As You Sow and the Unitarian Universalist Association have filed shareowner resolutions with two large coal companies, requesting that they report on material impact of reserves that must remain in the ground if climate change is to be addressed.
As You Sow Publishes 2013 Proxy Preview (03/09)
Political spending resolutions account for one-third of those filed this year's, while two first-time resolutions request that companies in the fossil fuel industries report on the financial impact of stranded assets.
Calvert Updates Report on Corporate Gender Diversity (03/08)
The updated Examining the Cracks in the Ceiling report finds modest gains in gender diversity among S&P 100 companies but persistent underrepresentation of women in senior management positions.
Proposal Challenges TIAA-CREF on For-Profit Health Insurance (03/07)
Advocacy groups urge the pension fund to divest its holdings in private health insurance companies, arguing that the industry has a well-documented history of unethical behavior and abuses.
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.
Shareowners Call for Gender Diversity on Corporate Boards (03/01)
Institutional members of the Thirty Percent Coalition file shareowner resolutions with 20 companies, requesting that they support diversity by including women and minority candidates on their boards.
Get Real about Climate Change, Shareowners Tell Utilities (02/28)
With trillions of dollars in infrastructure upgrades looming for electric utilities, investors call on five companies to emphasize a transition to renewables, improve energy efficiency, and manage water risks.
Investors Question Payday Lending by Banks (02/27)
The US Consumer Financial Protection Bureau contemplates regulations to protect against consumer debt traps, while ICCR members call on major banks to address their own risky lending products.
Fracking on Proxy Ballots at Chevron and Exxon (02/25)
Described as laggards for their failure to address investor concerns, the oil and gas giants face shareowner resolutions addressing environmental and social risks associated with hydraulic fracturing.
Divestment can be a Fiduciary Duty (02/22)
Adam Kanzer of Domini Social Investments that divestment of holdings in firearms manufacturers is an appropriate response to tragedies such as the killing of children in Newtown.
Shareowners Renew Call for Separation of CEO and Chair at JP Morgan Chase (02/21)
The American Federation of State, County & Municipal Employees and a coalition of institutional co-filers will return to the banking giant's annual general meeting this year with a resolution that gained 40% of shareowner support in 2012.
Shareowners Pressure Companies on Use of Renewables (02/20)
Most of the 13 resolutions target energy use in the information technology and real estate industry sectors, requesting improved reporting and commitments to increased renewable energy sourcing.
Senators Boxer and Sanders Propose Climate Change Legislation (02/19)
Among the highlights of the proposed bill are a fee on carbon pollution and increased oversight of hydraulic fracturing.
Natural Capital and Integrated Reporting Among Trends for 2013 (02/18)
With the help of environmental research from Trucost, GreenBiz publishes the sixth annual edition of its State of Green Business Report, assessing major trends as well as the environmental performance of 500 US companies.
SEC Allows Climate Change Proposal at PNC Financial Services (02/15)
The bank had sought to exclude a proposal by Boston Common Asset Management requesting that it report on climate change risks in its lending portfolio.
Ceres Ranks Among World's Top NGOs (02/13)
The annual Global Journal ranking of the world's most effective nongovernmental organizations places the environmental investor network sixth among 450 NGOs from 27 countries.
Shareowners Call for Sustainability Reporting by Emerson Electric (02/12)
For the fourth year in a row, a resolution filed by Walden Asset Management wins increased support from shareowners who want the company to improve its reporting on its ESG performance.
Statoil Breaks with Trade Association over Lawsuit (02/11)
Calvert Investments commends Statoil for explicitly distancing itself from lawsuit filed by the American Petroleum Institute that contests SEC regulation governing payments to governments.
Climate Change Outpacing Green Investment (02/08)
A report from the World Economic Forum outlines the steps necessary to encourage the unprecedented shift in investment strategies that is necessary for sustainable growth.
ICCR Publishes 2013 Proxy Resolutions and Voting Guide (02/07)
The Interfaith Center on Corporate Responsibility reports that its members have filed 180 shareowner resolutions and engaged in 225 corporate dialogues this proxy season.
Shareowners Press on with Fracking Campaign (02/05)
Nine oil and gas companies face shareowner resolutions this proxy season requesting quantitative reporting of risks associated with hydraulic fracturing and the management of fugitive methane emissions.
Corporations Agree to Disclose Political Spending (02/02)
The Center for Political Accountability announces that engagement has led to six corporations agreeing to adopt political disclosure and accountability, while a shareowner resolution at Visa gains significant support.
Portfolios Can Thrive After Fossil Fuel Divestment (01/31)
As students on campuses across the country respond to climate change by calling on universities to divest fossil fuel holdings, an analysis reveals that divestment could add little financial risk to portfolios.
Genocide-Free Investing Proposal on Proxy Ballot at Franklin Templeton (01/26)
For the first time in at least 19 years, investors in the mutual fund will vote on a shareowner resolution, calling on the company to adopt policies to avoid investing in companies that contribute to genocide.
Thich Nhat Hanh, Alexis de Tocqueville, and Bernie Sanders on Climate Change (01/25)
The Vermont Senator says he will introduce legislation that includes a price on carbon, but despite President Obama's statement of commitment to climate change a White House spokesperson says the administration has no plans to propose a tax on carbon.
Sustainable Investment Assets Continue Growth in Canada (01/17)
The biennial report by the Social Investment Organization of Canada reveals that sustainable assets under management now represent 20% of the total.
Ceres Awarded with Zayed Future Energy Prize (01/16)
The investor network wins the $1.5 million prize in the nongovernmental organization category for its work on behalf of addressing climate change.
ICCR Challenges Companies on Climate Change (01/15)
Members of the Interfaith Center on Corporate Responsibility have filed 28 shareowner resolutions thus far that address climate change related issues such as climate risk and sustainability reporting.
Draft Report Paints Grim Picture of Climate Change Effects (01/14)
The 1,200-page Third National Climate Assessment warns that some effects of climate change are already underway, and insufficient response ensures that the effects will grow worse in coming years.
Shareowner Resolution Challenges Chevron for Attacking Investors (01/12)
The Needmor Fund and Zevin Asset Management file a shareowner resolution requesting that Chevron explain the rationale behind issuing subpoenas to force investors to share confidential communications.
Shareowner Urges End to Natural Gas Flaring (01/10)
Mercy Investment Services files a shareowner resolution with Continental Resources, requesting that the oil company reduce or eliminate the environmentally destructive practice of natural gas flaring in its operations.
Dangerous Mishaps Plague Shell's Arctic Exploration (01/09)
The Department of the Interior launches an expedited review of Shell's drilling program after a drill rig runs aground in the Gulf of Alaska.
Top Sustainable Investment Stories of 2012, Part 5 (01/05)
In a cautionary tale of poor corporate governance, the year for Chevron began with a court in Ecuador upholding the $18 billion judgment against it for environmental damage, and ended with the company's lawyers serving subpoenas on its own shareowners.
Top Sustainable Investment Stories of 2012, Part 2 (12/28)
As growing numbers of corporate governance advocates call on the Securities and Exchange Commission to regulate disclosure of corporate political spending, Walden Asset Management leads a shareowner campaign for disclosure of lobbying expenditures; and Wal-Mart faces investor criticism following allegations of bribery in Mexico.
Top Sustainable Investment Stories of 2012, Part 1 (12/26)
Assets allocated to sustainable investment continue to rise, with increasing amounts focusing on positive screening strategies; however, mainstream mutual funds continue to lag in supporting shareowner resolutions addressing climate change and corporate political spending.
Newtown Tragedy Galvanizes Debate on Corporate Responsibility (12/21)
The UN-endorsed Guiding Principles on Business and Human Rights recommends that companies address adverse impacts with which they are involved, and Robert Zevin of Zevin Asset Management reminds investors of their historic role in effecting social change.
Shareowners Address Smoking in Films (12/20)
Despite recent findings by the US Surgeon General that exposure to on-screen smoking causes children to smoke, depictions of tobacco use in youth-rated films continue to increase, prompting calls from investors for an R rating for films that depict smoking.
Businesses Unprepared for Resource Scarcity (12/19)
Carbon Trust surveys the CEOs of corporations in five countries and finds that most have not set targets for reducing their use of natural resources, with nearly half stating that to do so would cost too much.
Corporate Laggards: Your Competitors are now Reporting (12/18)
A report from the Governance & Accountability Institute finds that more than half of S&P 500 companies now produce sustainability reports, and most that do use the Global Reporting Initiative framework.
Largest Companies Setting Emissions Reduction Targets (12/17)
A new report finds that most companies in the Fortune 100 and Global 100 now have greenhouse gas reduction goals, and more are committing to renewable energy use.
Chevron Hits Sustainable Investors with Subpoenas over Ecuador (12/15)
In its latest effort to avoid a $19 judgment for environmental damage in Ecuador, Chevron and Gibson, Dunn, & Crutcher, its law firm, have issued subpoenas to Trillium Asset Management and shareowner advocate Simon Billenness.
EU Nations Preparing a Financial Transaction Tax (12/12)
A similar measure before the US Senate appears to be going nowhere, despite the fact that such a tax would discourage high frequency trading and encourage a long-term approach to investing.
Mutual Funds Slow to Engage on Political Spending (12/11)
Despite growing attention to the risks for corporations, support by mutual funds for resolutions addressing political spending decreased in 2012.
FairPensions Calls on UK Ethical Funds to Adopt Positive Screening and Increase Corporate Engagement (12/10)
A survey of nineteen UK-based ethical funds finds that most continue to rely on negative screening of sin stocks, and few have committed to shareowner engagement with corporations.
Plan for Regulating Emissions from Existing Power Plants Proposed (12/08)
The Natural Resources Defense Council states in an issues brief that state-specific standards from the Environmental Protection Agency could lead to a steep drop in emissions and significant cost savings.
US Winter Tourism Endangered by Climate Change (12/07)
A report prepared for the Natural Resources Defense Council and Protect Our Winters warns that the winter tourism industry could disappear in regions of the US if greenhouse gas emissions continue to increase.
Institutional Investors Unprepared for Climate Change Impacts in South Africa (12/06)
A report from WWF South Africa and SinCo outlines impacts that are expected to be worse in South Africa than elsewhere, and warns that the portfolios of institutional investors are failing to account for climate change and the impacts of an upcoming carbon tax.
Climate Financing Improves, but Falls Short of What is Needed (12/03)
The Climate Policy Initiative identifies $364 billion in financing the transition to a low-carbon economy, but the amount falls far short of what is needed to keep global temperature increases below two degrees Celsius.
Global Emissions Continue to Rise (12/02)
Carbon dioxide emissions reached a record high in 2011, a record which will be broken in 2012, and a report commissioned by the World Bank warns that adapting to a 4°C increase is by no means certain.
Growing Pressure on SEC to Regulate Corporate Political Spending (11/30)
After a petition calling for rules mandating disclosure attracts unprecedented support, officials at the Securities and Exchange Commission acknowledge they are considering the issue.
CEOs Want a Deficit Reduction Plan that Benefits Them (11/28)
Eighty corporate CEOs join the Fix the Debt campaign, which calls for increased tax breaks for corporations while limiting social programs that help the poor and middle class.
US SIF Publishes Biennial Sustainable Investment Trends Report (11/24)
The 2012 Trends Report notes a total of $3.74 trillion in assets allocated to sustainable investment, a 22% increase over a two-year period.
Investor Networks Urge Governments to Face Climate Change (11/20)
With Hurricane Sandy behind us, and another international climate change conference coming up in Qatar, seven of the world's largest investor networks form the Global Investor Coalition on Climate Change and call for an investment-friendly approach to climate change.
Stakeholder Group Speaks Out on Challenge to Conflict Mineral Legislation (11/19)
The multi-stakeholder group, comprised of corporations, sustainable investors, and nongovernmental organizations, pledges to work to eliminate human rights abuses from the conflict minerals trade in the Democratic Republic of the Congo.
Dole Hit with Lawsuit Alleging Environmental Destruction (11/17)
The Seattle-based law firm Hagens Berman files a lawsuit against Dole for knowingly purchasing bananas from growers whose operations have destroyed wetlands and poisoned water sources with pesticides in Guatemala.
Investors Urge Citigroup Board to Consider Breakup of Too Big to Fail Bank (11/16)
Trillium Asset Management and AFSCME Employees Pension Plan file a shareowner resolution with Citigroup asking its board to explore a separation of one or more of its business units.
Assets of PRI Signatories Exceed $32 Trillion (11/15)
With 254 new signatories to the Principles for Responsible Investment, the number now exceeds 1,100, even as 61 former signatories are delisted.
Quality Standard for ESG Research Launched (11/13)
The Association for Responsible Investment Services re-launches the Responsible Investment Research Standard as ARISTA to increase awareness of the standard and to meet a growing demand for comparability among sustainable investment research firms.
College Endowments Urged to Divest Fossil Fuel Holdings (11/12)
The Do the Math campaign from 350.org urges colleges and universities to restructure their endowments and divest their holdings in fossil fuel industries to make an impact on climate change.
Climate Change Action in Obama's Second Term? (11/09)
After an election campaign during which climate change was barely mentioned, sustainable investors and other advocates hold out hope for effective action in the next four years.
A Different Take on CSR Disclosure and Political Spending (11/06)
A report from two University of California professors determines that political contributions by corporate managers, when viewed through the lens of corporate social responsibility disclosures, can lead to excess stock returns, especially in states that vote Democratic.
For Sustainable Investors, Obama or Romney? (11/05)
The candidates differ markedly on climate change, financial reform, and health care, issues on which sustainable investors have engaged with corporations for many years.
Romney Charged with Ethics Violation for Failing to Disclose Hedge Fund Investment (11/02)
The Office of Government Ethics receives a complaint that by not revealing profits his family received from the Obama administration's auto industry bailout, Romney has failed to disclose a potential conflict of interest.
US Banks Persist in Financing Climate Change (11/01)
A report from BankTrack and the Rainforest Action Network urges financial institutions to measure and report on financed emissions, and recommends that they support expanded disclosure requirements being developed by the Greenhouse Gas Protocol.
Initiative Will Help Quantify Corporate Reporting on Sustainability Issues (10/31)
The Sustainability Accounting Standards Board will develop industry-specific key performance indicators for inclusion by companies in their annual financial reporting to the Securities and Exchange Commission.
With Expiration Looming, Groups Call for Extension of Production Tax Credit (10/30)
The Investor Network on Climate Risk is the latest to write to Congressional leaders, urging them to support extending a tax credit that has helped wind energy become one of the nation's fastest growing manufacturing industries.
Sanders Chides Corporate CEOs for Calling on Congress to Cut Programs (10/27)
The Vermont Senator says that the statement by 80 CEOs fails to account for the role of financial institutions in causing the recession, and calls instead for a deficit reduction plan in which the wealthiest pay their fair share of taxes.
CDP Water Disclosure Issues 2012 Report on Corporate Water Use (10/26)
For the first time, the initiative publishes a separate report focusing on water management by US companies, as the number of institutional investors requesting corporate disclosures on water increases to 470.
Oil Sands Producers Urged to Adopt Environmental and Social Performance Goals (10/24)
A coalition of 49 investors with $2 trillion in assets call on newly formed association of producers to set specific goals for improving environmental and social performance.
As You Sow Updates Investment Risks Associated with Coal (10/23)
Investors are warned that as the use of coal as a source of power output in the US declines and construction costs increase, the financial risks of investing in coal-dependent electric utilities are significant.
Independent Shareowners Want Murdoch out as Chairman of News Corp (10/20)
Resolutions calling for separation of Chairperson and CEO, and end to dual-class stock structure, gain support of two-thirds of independent shareowners at media company's annual meeting.
Court in Ecuador Approves Seizure of Chevron Assets (10/19)
Chevron says it will appeal decision clearing the way for seizure of $200 million of assets in Ecuador as payment toward a $19 billion judgment for environmental damage in the country.
Investors in UK Celebrate National Ethical Investment Week (10/17)
A survey conducted for the occasion reveals that almost half of adults with investments want large pension plans to sign onto the UK Stewardship Code, and research from EIRIS finds $18 billion invested in green and ethical retail funds.
Project Promoting ESG Disclosure in Emerging Markets Issues Final Report (10/16)
The Emerging Markets Disclosure Project notes that considerable improvements in ESG reporting have been driven by regulatory regimes such as sustainable stock exchanges, but calls for reliance upon standardized reporting to increase attractiveness of emerging markets for investors.
ICCR Ally Succeeds in Bank of America Engagement (10/15)
Virginians Organized for Interfaith Community Engagement persuades Bank of America to help homeowners in Virginia county hit hard by mortgage crisis.
Resources Insufficient to Protect World's Poorest from Climate Change (10/13)
The Climate Vulnerability Monitor warns that 100 million lives could be lost by 2030 if climate change and carbon-intensive energy practices are not addressed.
BankTrack not Satisfied with new Draft of Equator Principles (10/12)
While acknowledging that the new draft is an improvement, the Netherlands-based NGO finds insufficient commitments by signatory banks to transparency, human rights, and climate change mitigation.
Assets Committed to Emerging Markets on the Increase (10/11)
A new survey by EIRIS suggests that while sustainable stock exchanges increase investor confidence in emerging markets investment, poor corporate attention to environmental, social, and corporate governance issues remains a barrier.
$18 Billion Judgment Against Chevron Stands (10/10)
The US Supreme Court declines to hear Chevron's arguments for overturning the largest environmental judgment in history, leaving the company vulnerable to charges of securities law violations.
Investors Report on Campaign to Address Human Trafficking at London Olympics (10/08)
A coalition of investors led by Christian Brothers Investment Services report that all but one of 33 corporations responded to its letter on the issue, and a number have taken concrete steps to address human trafficking.
Growth of Sustainable Investment in Europe Continues to Outpace the Overall Market (10/06)
In its fifth biennial survey of sustainable investment in Europe, Eurosif identifies norms-based screening as the fastest-growing strategy, and urges improved communications to encourage greater uptake of sustainable investment by retail investors.
2012 Moskowitz Prize Awarded to Paper Linking Improved Corporate Performance with Successful Shareowner Engagement (10/05)
Entitled Active Ownership, this year's winning paper analyzed shareowner engagements on environmental, social, and corporate governance issues, and found that successful engagement led to abnormal positive returns of 4.4%.
Task Force Files Lawsuit against JPMorgan Chase (10/04)
The Residential Mortgage-Backed Securities Working Group, a state-federal task force, announces its first legal action, charging the bank for fraudulent misrepresentations of mortgage-backed securities by Bear Stearns & Co.
Bank of America Settles Shareowner Lawsuit for $2.43 billion (10/03)
The bank's 2008 acquisition of Merrill Lynch $20 billion preceded disclosure of $27.6 billion in losses, and led to lawsuit by pension funds charging the bank with making false or misleading statements.
Chevron Wants Access to Emails of Critics (10/02)
The oil company's latest effort to avoid paying a $19 billion judgment for extensive environmental damage in Ecuador involves trying to gain access to the private email accounts of 101 people who have worked on the case.
GMI Licenses Research for Corporate Governance Indexes (10/01)
The firm's agreement with the Global Index Group, which will create the first indexes focusing on corporate governance performance, is commended by governance advocate James McRitchie as a very important development for investors.
As Burma Sanctions Ease, Human Rights Advocates Urge Caution (09/28)
Shareowner advocate Simon Billenness is preparing a draft of guidelines for corporations seeking to do business in Burma, and Nobel Peace Prize recipient Daw Aung San Suu Kyi urges corporate transparency to ensure that human rights are honored.
Extractives Commitment to Human Rights Improving (09/27)
But research from Oxfam America indicates that policies supporting Free, Prior, and Informed Consent must include a transition from resource extraction to development partnerships.
Index of Corporate Political Spending Updated (09/26)
The Center for Political Accountability and the Zicklin Center update their Index of Corporate Political Accountability and Disclosure, finding that voluntary disclosure of corporate political spending is becoming a mainstream practice.
Is Self-Made Wealth a Myth? (09/25)
United for a Fair Economy analyzes the Forbes 400 list of wealthiest Americans, finding that 40% inherited considerable wealth, while a quarter earned their wealth through investment.
Shell Says Oil Spills from Corroded Pipes in Nigeria Due to Sabotage (09/24)
Amnesty International and the Center for Environment, Human Rights and Development cite the assessment of experts that the latest in a series of oil spills in the Niger Delta was due to corrosion in poorly-maintained pipes owned by Shell.
Insurers Unequipped to Deal with Climate Change (09/20)
A report from Ceres warns that as payouts for extreme weather events increase to record levels, the insurance sector is falling behind other industries in returns on investment.
BICEP Members Call for Extension of Wind Credit (09/19)
Nineteen companies in the Ceres-led Business for Innovative Climate and Energy Policy coalition say that Congressional extension of the tax credit for wind energy will improve competitiveness and create jobs.
Occupy Movement Celebrates First Anniversary (09/18)
Despite efforts to marginalize its accomplishments, the Occupy Movement has succeeded in keeping the issue of wealth inequality in the forefront of the national consciousness.
US Solar Installations Set Records Despite Insufficient Government Action (09/17)
The Solar Energy Industries Association reports that solar installations in the US totaled 742 megawatts in the second quarter of 2012, but Ernst & Young warns that policy gridlock prevents lawmakers from making the necessary long-term investment decisions.
House Passes No More Solyndras Act (09/15)
Viewed by Democrats as nothing more than election-year grandstanding, the bill stands no chance of passing the Senate.
SAM Updates Dow Jones Sustainability Indexes (09/14)
Microsoft and Hewlett Packard are added to the DJSI World, but no US-based companies are included among the Index's 19 supersector leaders.
CDP Releases Annual Reports on Corporate Carbon Management (09/13)
Responding to more than half of the world's invested capital, large companies increasingly view climate change as a current business concern, but too little is being done at present to avert a climate crisis.
Panel Calls for Rescue of CDM (09/12)
Despite its flaws, the Clean Development Mechanism remains the only international framework for funding renewable energy projects in developing nations, and meaningful emissions reduction targets will help enhance its effectiveness.
Congress Unlikely to Pass 2012 Farm Bill in Time (09/11)
As severe cuts in the food stamp program and assistance to farmers seem more likely, the responsibility for building a sustainable food supply falls to sustainable investors and other key stakeholders.
GMI and Trucost Form Partnership (09/10)
The strategic partnership provides for environmental research by Trucost to be incorporated into GMI's analysis of the corporate governance performance of companies.
Is Corporate Reporting Sufficient to Meet Sustainability Goals? (09/08)
Mark McElroy of the Center for Sustainable Organizations argues that the absence of context for corporate sustainability measurements increases the likelihood that meaningful goals will not be met.
Opinions Differ on the Future of Sustainable Investing (09/07)
Industry veterans weigh in on likely developments over the next twenty years, and their opinions range from optimism to concern.
Lawsuit Alleging Human Rights Violations by Shell in Nigeria Reaches SCOTUS (09/06)
In an issues brief, Professor John Ruggie wonders if Shell's efforts to undermine the Alien Tort Statute will undermine its claims of corporate social responsibility.
Muhammad Yunus, Father of Microcredit and Nobel Peace Prize Recipient, to Address SRI Conference (09/05)
The founder of the Grameen Bank will be the keynote speaker at October's SRI Conference on Sustainable, Responsible, Impact Investing, which will also feature author Deepak Chopra and Robert F. Kennedy Jr. Second of a two-part series.
PRI Signatories Prioritize ESG Issues for Engagement (09/04)
A survey of frequent users of the PRI Clearinghouse indicates that executive compensation, climate change, and labor standards in corporate supply chains will be the top areas of engagement for institutional investors during the coming year.
Rebranded, the SRI Conference Heads East (09/03)
SocialFunds.com talks with Steve Schueth of First Affirmative Financial Network about the history of the conference and the decision to locate it at the Mohegan Sun in Connecticut this year. First of a two-part series.
Fuel Efficiency Standards Finalized (08/30)
The new fuel efficiency standards of 54.5 miles per gallon will nearly double the current standards, and could increase profitability while creating hundreds of thousands of new jobs.
CalSTRS Engages with Russell 2000 Companies on Majority Voting Standard (08/29)
The pension fund's engagement with 95 companies during 2012 proxy season results in 86% of them either adopting the standard or making significant progress toward doing so.
Labor Conditions Improving at Chinese Supplier to Apple (08/27)
The Fair Labor Association reports that Foxconn Technology Group, Apple's largest supplier, is ahead of schedule in meeting commitments such as higher wages and less mandatory overtime.
Investors Call on EPA to Strengthen PVC Regulations (08/25)
Arguing that proposed regulations do not go far enough to protect the health of communities, the investors request that national emission standards for the PVC industry provide better protection from cancer-causing pollutants.
SEC Issues Rules on Conflict Minerals and Payments to Governments (08/24)
Responses by sustainable investors and other stakeholders to payments to governments in resource-rich countries is generally positive, but concerns are voiced over provisions in the conflict minerals regulation. Second of a two-part series.
SEC to Vote Today on Disclosure of Conflict Minerals (08/22)
The Enough Project reports that reforms are underway as a result of Dodd-Frank legislation, but warns that further steps must be taken to prevent conflict minerals in the Congo from subsidizing armed conflict. First of a two-part series.
Sustainability Management by Oil Firms Lacking (08/21)
A report from oekom, a German research firm, analyzes the sustainability performance of oil and gas companies, finding that as technological demands increase the management of risk is failing to keep up.
A Strategy for the Commons that Includes Business and Government (08/20)
As national governments persist in pursuing narrow agendas rather than global action on climate change and sustainable development, other key stakeholders are recognizing that they must pressure corporations and governments into dialogue on the issues.
Pension Fund Wants Wal-Mart to Come Clean on Bribery Allegations (08/17)
After receiving documents relating to allegations of bribery by the retail giant's Mexican subsidiary, the Indiana Electrical Workers Pension Trust Fund charges in a lawsuit that nearly half of the pages were blacked out.
Wells Fargo Settles Mortgage-Backed Securities Charges for $6.5 Million (08/16)
The Securities and Exchange Commission charges the bank for selling investments tied to mortgage-backed securities without disclosing the risks to investors.
Investors Urge Extension of Production Tax Credits (08/15)
The tax credits, which help drive billions per year in private investment in the wind energy industry, are set to expire this year, which could lead to the loss of 37,000 domestic jobs.
Mercer to Incorporate ESG in Mainstream Client Reports (08/13)
Citing a growing interest in environmental, social, and corporate governance from institutional investors, the consulting firm will include ESG factors in reports relating to fund manager search and performance.
Goldman Sachs Escapes Criminal Charges (08/12)
Despite evidence of conflicts of interest detailed in last year's report by the Senate's Permanent Subcommittee on Investigations, the Justice Department announces that it will not bring a criminal prosecution against the bank.
News Networks Ignore a Major Banking Scandal (08/11)
The Interfaith Center on Corporate Responsibility writes to ABC and NBC, asserting that the networks have failed to cover the LIBOR rate-fixing scandal and its severe impacts on the poor and most vulnerable.
Investors Take on Corporate Payments to Pharmaceutical Trade Association (08/10)
Four major pharmaceutical companies may be undermining their profitability by membership in and payments to an industry trade association that contributed to candidates opposed to birth control.
Certified Coffee to be on Menu at Smucker's (08/08)
A resolution from Calvert Investments and Trillium Asset Management, supported by 30% of shareowners in 2011, is withdrawn after Smucker's agrees to targets for purchases of certified coffee.
Church of England Sells its Shares in News Corp. (08/07)
A year of engagement following the phone hacking and bribery scandal has failed to produce a commitment by the media giant to improve its corporate governance, and the Church responds to the lack of progress with divestment.
Proxy Access Still Key to Changing Corporate Behavior (08/03)
SocialFunds.com talks with James McRitchie of CorpGov.net about corporate governance shareowner proposals and the case for improved proxy access for individual investors.
Despite SEC Guidance, Disclosures by Oil and Gas Companies Are Insufficient (08/02)
A report from Ceres finds that ten of the largest companies in the oil and gas sector are failing to provide sufficient disclosures on climate change and deepwater drilling.
Companies Challenged over Membership in ALEC and Heartland Institute (07/31)
Walden Asset Management spearheads a letter-writing campaign by shareowners urging corporations tor review their memberships in the controversial organizations.
Emphasis on Engagement Seconded by Mainstream (07/28)
A report from Ernst & Young analyzing the 2012 proxy season agrees with observations by sustainable investment organizations that increased shareowner engagement represents the most dramatic development.
Greenland Ice Sheet Melt Unprecedented (07/26)
NASA satellite measurements confirm that 97% of Greenland's ice sheet has melted this summer, far more than ever before recorded.
Concerns Voiced over Easing Burma Investment (07/25)
An executive order lifting ban on investment in Burma allows US companies to enter the country's energy sector, raising concerns over lack of transparency and ties to the military.
Institutional Investors: Part of the Problem or Part of the Solution? (07/24)
Authors Ben Heineman and Stephen Davis argue in a working paper that many institutional investors lag behind corporations in transparency, and call for a national database on the behavior of institutions. Second of a two-part series.
What Good Are Shareowners? (07/23)
An analysis published in the current Harvard Business Review argues that the rise of short-termism in the markets, and poor communications between management and shareowners, require engagement by diverse long-term stakeholders. First of a two-part series.
Voting Rights Curtailed by Dual-Class Structure, News Corp. Shareowners Call for Reforms (07/20)
Eighteen investors representing over $1.6 trillion in assets under management write to Rupert Murdoch, urging him to support a shareowner resolution calling for the separation of the positions of Chair and CEO.
Apple Reverses Plan to Dump Green Registry (07/17)
The computer giant reverses its decision to leave the Electronic Product Environmental Assessment Tool registry, calling it a mistake after consumer backlash.
ICCR and the Business Case for Sustainability (07/14)
For the first time, members of the Interfaith Center on Corporate Responsibility engage in corporate dialogues more often than submit shareowner resolutions, reflecting the growing awareness of the business case for corporate sustainability measures. Second of a two-part series.
NASDAQ to Promote Sustainability Disclosure (07/13)
At Rio+20, the US-based stock exchange joins four counterparts in encouraging corporations to disclose environmental, social, and governance risks and opportunities.
Proxy Season Results Support Mainstreaming of ESG (07/12)
This year's shareowner resolution tracker from Ceres notes that almost half of the environmental and social resolutions coordinated by the organization were withdrawn after successful engagement with companies. First of a two-part series.
Experiment in Proxy Access for Retail Investors to End (07/11)
Citing persistent regulatory obstructions, Moxy Vote announces that it will cease operations on July 31st, ending a service to help individual investors vote their proxy ballots.
Investors Call for a Meaningful Arms Treaty (07/10)
A coalition of 39 institutional signatories to the Principles for Responsible Investment issues a statement arguing that the absence of an Arms Trade Treaty affects investment by negatively impacting both the global economy and companies.
Congressional Friends of GMOs Sneak Rider into Appropriations Bill (07/09)
The rider will require that a permit for planting genetically engineered crops be issued even if a federal court orders that the planting be halted.
Genetic Engineers Debunk GMO Claims (07/07)
A report by Earth Open Source reveals that the claims of product safety and sufficient regulation made by producers of genetically modified organisms are false.
A Guide to Economics for the 99% (07/06)
The Center for Popular Economics publishes Economics for the 99%, a handbook which describes the roots of economic inequality and offers a solidarity economy as an alternative.
Investors Fear Canadian Budget Bill Weakens Environmental Regulations (07/05)
Despite efforts by the Social Investment Organization, which warned that passage of an omnibus budget bill could discourage investment by providing for inadequate environmental regulation, the bill passes in a Senate dominated by conservatives.
Shareowners Await Support from Legislators and Regulators in Addressing Corporate Political Spending (07/03)
As support for resolutions requesting disclosure of corporate political spending increases, efforts to address the issue on a macro level are stirring but are unlikely to affect 2012 elections.
Separating CEO and Chair Provides Financial Benefits (07/02)
A report from GMI Ratings finds that companies with a combined CEO and chair pay far more compensation for the positions, are more likely to pursue aggressive accounting practices, and are twice as likely to receive a failing grade for environmental, social, and corporate governance performance.
Genocide-Free Investing Resolution Wins Majority Vote (06/30)
Investors Against Genocide's request that the ING Emerging Countries Fund refrain from investing in companies that provide funding to governments engaged in genocide is supported by over 59% of shareowners.
SCOTUS Upholds Obamacare (06/29)
Members of the Interfaith Center on Corporate Responsibility applaud yesterday's Supreme Court decision to uphold the Patient Protection and Affordable Care Act.
Investors Urge Congressional Leaders to Support EPA Authority (06/28)
A coalition led by Calvert urges leaders in both houses of Congress to oppose resolution that would prevent the Environmental Protection Agency from implementing Mercury and Air Toxics Standards for power plants.
Court Supports EPA Authority to Regulate Greenhouse Gases (06/27)
An appeals court rules that the Environmental Protection Agency is authorized under the Clean Air Act to regulate emissions from new fossil fuel-fired power plants.
ICCR Commends Disney on Advertising by Food and Beverage Companies (06/26)
The media giant announces that food and beverage products advertised on its networks will be required to meet nutritional guidelines that are aligned with federal standards.
Book Review: Private Empire: ExxonMobil and American Power, by Steve Coll (06/25)
In a well-researched investigation into the inner workings of one of the world's largest and most powerful corporations, author Steve Coll details ExxonMobil's efforts to discredit climate science and extract resources in countries ruled by autocrats.
Rio+20 Ends without Binding Agreements (06/23)
Sustainable investors who consider regulatory action to be essential are likely to be disappointed by the absence of agreements addressing climate change and corporate reporting.
A Giant Leap Forward, or Unsustainable Business as Usual? (06/22)
The Natural Capital Declaration, launched at Rio+20, aspires to properly value the environment in financial transactions, but at least one nongovernmental organization argues that the pricing of environmental assets is a fatally flawed solution.
UK Mandates Emissions Reporting for Public Companies (06/20)
Deputy prime minister Nick Clegg is expected to announce at Rio+20 today that all 1,800 companies listed on the London Stock Exchange's Main Market will be required to report on greenhouse gas emissions.
Corporate Disclosure of Water Risks Should Include Quantitative Data (06/18)
Ceres follows up on a 2010 study of corporate reporting on water risk with a new report that notes improvements, but says also that quantitative data and supply chain information is lacking.
Shareowners Vote on Resolution Asking Target to Refrain from Political Spending (06/15)
Filed in the aftermath of a 2010 consumer boycott over a political donation by the retailer, the resolution wins enough support to reappear on next year's proxy ballot.
Investors Call for Improved Management of Methane Emissions from Fracking (06/15)
An international coalition of institutional investment organizations with more than $20 trillion in assets warn of the impacts of methane emissions on global warming, and issue a draft framework for improved corporate disclosure.
Sanders Calls for End of Conflicts of Interest on Federal Reserve Boards (06/14)
After introducing legislation prohibiting bank executives from serving on Federal Reserve boards, Sen. Sanders of Vermont names 18 Fed directors whose firms benefited from the bailout during the financial crisis.
Behind the Scenes, Corporations Undermine Science-Based Climate Policy (06/11)
The Union of Concerned Scientists reports that many US-based corporations engage in greenwashing by maintaining a public image of climate consciousness while secretly undermining climate science and policy.
Proxy Voting on Climate Change by Mutual Funds Fails to Account for Materiality (06/09)
An analysis by Ceres and Fund Votes of 2011 proxy voting reveals that the three largest mutual funds failed to vote in favor of a single climate-related resolution.
Shareowners to Vote on Lobbying by Energy Companies (06/05)
Resolutions submitted by Walden Asset Management at Devon Energy and Chesapeake Energy call for disclosure of corporate lobbying expenditures.
Zevin Asset Management Calls for Net Neutrality at Wireless Firms (06/04)
The Boston-based investment firm writes to AT&T and Verizon, asking them to ensure that net neutrality is maintained and that the wireless providers refrain from imposing discriminatory fee structures.
Investors Urge Corporations to Consider Physical Impacts of Climate Change (06/02)
A new report notes improved corporate reporting on greenhouse gas emissions emerging from SEC guidance, but calls for improved management and disclosure of extreme weather events and other physical risks.
Shareowners Voice Support for Environmental and Governance Resolutions at Chevron (06/01)
A call for the separation of the positions of CEO and Board Chair gains more than 38% of shareowner support, while 27% vote in favor of improved disclosure of risks associated with hydraulic fracturing.
Add Corporate Social Responsibility to Rio+20, Stakeholders Say (05/31)
The Dialogue on a Convention on Corporate Social Responsibility and Accountability proposes a global policy framework requiring companies to embed sustainability into their operations and report on their efforts.
Investors Write to Chevron Again (05/29)
Led by the New York State Common Retirement Fund, a coalition of 40 institutional investors with $580 billion in assets under management calls on Chevron to end its legal wrangling over an $18 billion judgment against it for environmental damage in Ecuador.
More Stakeholders Call for Meaningful Action at Rio+20 (05/25)
The International Institute for Environment and Development outlines a three-point plan to ensure that government negotiators account for the needs of local communities through sufficient aid and realistic valuation of natural capital.
Investors Warned to Question Shell's Plans for Arctic (05/24)
Citing the likelihood that control of a spill in ice-covered waters will fail, and outlining Shell's poor track record in the Russian Far East, Greenpeace advises investors to ask hard questions about the risks to the company's financial health.
A Trillion Dollar Call for Best Practices in Fracking Operations (05/23)
Fifty-five institutional investment organizations representing $1 trillion in assets under management call for adoption of best practices by oil and gas companies engaged in hydraulic fracturing.
Concerns Grow over Slow Pace of Sustainable Development (05/22)
The World Business Council for Sustainable Development publishes a report in advance of next month's Rio+20 Conference, warning that a radical adaptation in the use of natural capital is required.
Shareowners Ask SEC to Investigate Chevron (05/21)
Three sustainable investment organizations say that the company's management appears to be covering up the risks associated with an $18 billion legal judgment against it for environmental damage in Ecuador. Second of a two-part series.
Two-thirds of Cairn Energy Shareowners Reject Say-on-Pay Proposal (05/19)
The vote at the UK-based energy exploration company comes after Business Secretary Vince Cable proposes that shareowner votes on executive compensation be binding.
Is Chevron in Violation of Securities Law? (05/18)
New reports on Chevron's liabilities relating to environmental damages in Ecuador assert that while the company's legal options have narrowed significantly, its public filings repeat the same arguments made in 2008. First of a two-part series.
JP Morgan Chase Holds Annual Meeting Days After $2 Billion Loss (05/17)
A resolution calling for improved corporate governance through separating the roles of Chair and CEO gains 40% of shareowner support.
Race Between Sustainability and Over-Consumption Continues (05/16)
The third annual MIT survey of corporate executives suggests that sustainability is increasingly a management agenda item, while a report from WWF finds that global consumption patterns are still unsustainable.
ICCR Responds to Vatican Investigation of US Nuns (05/15)
The all-male Church hierarchy apparently wants less social justice work by women religious in the US, and more outspoken opposition to homosexuality, abortion, and women's ordination.
Water Use in Many Large Economies Is Unsustainable (05/14)
China, India, and the US contain regions of extreme risk due to water scarcity, threatening global commodities prices and even increasing the possibility of social unrest.
Shareowners Renew Call for Improved Governance at JPMorgan Chase (05/11)
After the bank reports $2 billion in losses on risky trading, the American Federation of State, County & Municipal Employees calls for the appointment of an independent Chair, stating that the stakes are too high to leave CEO Jamie Dimon unsupervised.
UNDP Reports on Outlook for Sustainable Development in Asia-Pacific (05/10)
Exploring both widespread poverty and the impacts of climate change on the region, the report warns that the private sector and other stakeholders must act in order to galvanize government action.
Political Spending Proposal at CVS Caremark Goes to Vote Tomorrow (05/09)
For the sixth year, shareowners will vote on a proposal from Green Century Capital Management, requesting disclosure of direct and indirect political spending by the company.
Investors Call for Steps to Eliminate Sex Trafficking at London Olympics (05/08)
ICCR members and other investors write to airlines, hotel chains, and corporate sponsors of the Games, and launch website to encourage public involvement in ending human sex trafficking.
Chesapeake Energy Agrees to Separation of Chair and CEO (05/07)
The controversial oil and gas company agrees to a key corporate governance reform after widespread criticism of an arrangement allowing CEO Aubrey McClendon to borrow more than a billion dollars from its treasury.
Shareowner Group Details Occupational Health and Safety Issues for Investors (05/05)
The Shareholder Association for Research and Education issues investor guidance for assessing the health and safety policies and practices of Canadian corporations.
Sustainable Investment by Pension Funds Total Less than One Percent of Assets (05/04)
Despite the necessity of a low-carbon economy and the opportunities for investment in the transition, efforts by governments and institutional investors remain inadequate. Second of a two-part series.
EIRIS Reports on Sustainability Practices of Largest Global Companies (05/03)
Companies in the US and Asia lag behind their peers in Europe, while significant differences persist among corporate approaches to sustainability.
Clock Is Ticking While Corporate Sustainability Lags (05/02)
A report from Ceres and Sustainalytics identifies a small number of US corporations leading sustainability efforts, but more decisive action is required to embed sustainability by 2020. First of a two-part series.
US Banks Receive Failing Grades for Financing Coal (05/01)
While most of the nation's largest banks have publicly stated commitments addressing mountaintop removal coal mining and coal-fired power generation, the financing of such projects continues.
UKSIF Endorses Key Investor Initiatives for Rio+20 (04/30)
The Natural Capital Declaration commits financial institutions to integrating environmental considerations into their products and services, while the Corporate Sustainability Reporting Coalition seeks a convention on corporate reporting.
Corporate Political Spending: Why Do they Do It? (04/28)
With six months to go before election, corporations can still spend freely and in relative secrecy, and do so, despite numerous studies associating political spending with lower returns.
Power of the Proxy Confirmed at Citigroup (04/27)
In the aftermath of the shareowner vote against Citigroup's executive compensation package, Mark Regier of Everence Financial talks with SocialFunds.com about the evolution of say-on-pay.
Retail Investors Invited to Discussion on Fracking (04/26)
Moxy Vote provides a forum for individual investors to vote their proxies, and invites them to weigh in on hydraulic fracturing resolutions at Chevron and Exxon Mobil.
Investors Speak Out on Wal-Mart Bribery Allegations (04/25)
Members of the Interfaith Center on Corporate Responsibility, who have been engaging with the retail giant on social issues for decades, express their dismay over allegations of bribery and subsequent efforts to impede an investigation.
Wal-Mart Gets ESG Rating of F After Bribery Allegations (04/24)
GovernanceMetrics International assigns a failing grade to the retail giant's environmental, social, and corporate governance performance following revelations that information about a bribery scandal in Mexico was covered up.
EPA Finalizes Rules on Emissions from Fracking (04/23)
Drillers of new wells that use hydraulic fracturing to access natural gas resources have until 2015 to employ green completions to capture methane and other chemicals before they are released into the environment.
Eurosif Outlines ESG Risks to Media Companies (04/20)
The fast-changing media sector faces risks associated with trust, freedom of expression, and diversity, and a report cites examples of best practice in an environment dominated by the News Corporation's phone hacking scandal.
Shareowners Vote Down Citigroup Pay Package (04/18)
Fifty-five percent of Citigroup's shareowners vote against the executive compensation package proposed by management, marking the first time that shareowners have done so at a big bank.
Investors Challenge Goldcorp's Closing Costs for Guatemala Mine (04/17)
Two institutional investors warn that Goldcorp faces litigation risks if its plan for funding the environmental cleanup of its mine in Guatemala is inadequate.
Investors Take on ALEC in Aftermath of Trayvon Martin Killing (04/16)
Tim Smith of Walden Asset Management writes to investors, stating that corporations associated with the American Legislative Exchange Council face reputational risks and should review their funding of the controversial organization.
JPMorgan Chase Faces Investing in Genocide Resolution (04/13)
For the second year, Investors Against Genocide submits shareowner proposal addressing JPMorgan Chase's extensive holdings in PetroChina, a corporate contributor to genocide in Sudan.
Companies Advised to Address Risks in Supply Chains (04/12)
A Procurement Report from Eurosif establishes the business case for addressing environmental and social risks in corporate supply chains, and recommends that investors assess the exposure of companies in their portfolios.
SEC Reconvenes Investor Advisory Committee (04/11)
The Committee, which was formed in 2009 and terminated after passage of the Dodd-Frank bill, again includes representatives of the sustainable investment industry.
Solar Industry Maturing Despite Lack of Subsidies (04/10)
A report from As You Sow details examples of best practice in environmental, social, and corporate governance considerations by solar companies, and provides a benchmark for investors to track sustainable developments in the industry.
Trillium Urges Verizon Shareowners to Support Net Neutrality (04/09)
A letter sent to shareowners by the investment management firm outlines the economic and social case for continued net neutrality at the wireless telecommunications company
Regulatory Path Cleared for Fracking Resolution at Exxon (04/07)
The Securities and Exchange Commission overrules challenge by ExxonMobil to hydraulic fracturing resolution submitted by As You Sow.
Shareowner Advocates Disappointed by Goldman's Choice for Lead Independent Director (04/07)
The American Federation of State, County & Municipal Employees withdraws resolution calling for separation of Chair and CEO at Goldman Sachs, then expresses disappointment at the firm's choice for lead independent director.
Listen to Investors, Ernst & Young Tells Corporate Boards (04/06)
A white paper from the consulting firm anticipates that shareowner support for environmental and social resolutions will continue to grow, and that boards should take concrete steps to ensure that the perspectives of investors are considered.
Academics Propose Agency to Regulate Financial Products (04/05)
Eric Posner and Glen Weyl of the University of Chicago state that a Financial Products Administration would be the Food and Drug Administration of financial derivatives.
Shareowner Resolution Calls for Independent Board Chair at News Corporation (04/04)
Christian Brothers Investment Services resubmits proposal introduced at the media giant's annual meeting last October, citing the company's inaction in implementing reforms in the wake of phone hacking scandal.
Green Jobs Topped Three Million in 2010 (04/03)
In its first-ever tally of green jobs, the US Bureau of Labor Statistics counts 3.1 million jobs in businesses that benefit the environment or conserve natural resources.
Sustainable Investment Forums to Produce Global Trends Report (04/02)
The report, scheduled for December, will be the first to assess environmental, social, and corporate governance (ESG) investment strategies across jurisdictions; a global website is also planned.
Monsanto Is Green America's Biggest Corporate Fool (04/01)
The agribusiness giant triumphs over the US Chamber of Commerce and Chevron for manufacturing genetically modified organisms and a corporate legacy that includes Agent Orange and DDT.
Apple Moves from Laggard to Sector Leader on Transparency (03/30)
The computer giant agrees to implement remedial action recommended by the Fair Labor Association's investigation of working conditions at Foxconn factories in China.
EPA Proposes Carbon Pollution Standard for New Power Plants (03/29)
The standard, which will be the first to limit emissions from the largest individual sources of carbon pollution in the US, will not be applied to existing plants or those to be built in the next 12 months.
Shell Heads for the Arctic (03/26)
While the company contends with activist nongovernmental organizations such as Greenpeace, it remains unclear if sustainable investors are engaging with it on the potential cost of an oil spill cleanup.
RepRisk Names World's Most Controversial Mining Companies (03/24)
Alpha Natural Resources, the parent company of Massey Energy, ranks first on RepRisk's list, which highlights the consequences of environmental, social and governance risks on corporate reputations, access to capital, and licenses to operate.
Corporate Governance Advocates Take on Political Spending and Contracts with Managers (03/23)
The International Corporate Governance Network publishes a statement on corporate political spending and a model mandate for contracts between asset owners and managers.
Investors Observe World Water Day 2012 with Focus on Land Grabs (03/22)
The focus of this year's World Water Day is on water and food security, and the Interfaith Center on Corporate Responsibility launches a campaign to educate institutional investors on the impacts of large acquisitions of farmland in the global South.
Climate Change Imperils Coastal Cities in US (03/21)
In a new report, Climate Central finds that millions of US residents are at risk from rising sea levels and increasing numbers of storm surges.
New York City Pension Funds File Corporate Governance Resolutions at 13 Companies (03/19)
Shareowners request that Chesapeake Energy and Nabors Industries permit proxy access, and additional resolutions address board declassification, an independent board chair, and a majority voting standard.
PRI Signatories Challenge 29 Corporations to Meet Their Obligations to Report (03/17)
The companies are members of the UN Global Compact but have failed to submit an annual Communication on Progress as required.
Occupy Movement Focuses on Volcker Rule (03/14)
Financial professionals form the Occupy the SEC movement and submit a 325-page comment letter to the SEC, calling for effective regulation of proprietary trading by banks.
Momentum Grows for Integrated Reporting (03/13)
With the Rio+20 Conference on Sustainable Development three months away, numerous voices speak out on the need for governments to mandate sustainability reporting by large companies.
Investors Continue Pressure for Fracking Disclosure (03/09)
Two guides for investors and companies engaged in hydraulic fracturing have been published in recent months, and four of ten shareowner resolutions calling for increased disclosure of risks have been withdrawn.
Representation of Women on Boards Tops Ten Percent for First Time (03/08)
GovernanceMetrics International's annual report on gender diversity on corporate boards finds incremental improvements, but also that marked disparities persist between industrialized and emerging economies.
Study Identifies Financial Institutions Investing in Nuclear Weapons (03/07)
The International Campaign to Abolish Nuclear Weapons names 322 financial institutions from 30 countries with substantial investments in the $100 billion-a-year nuclear weapons industry.
Benefits of Large-Scale Low-Carbon Transition Will Take a While (03/06)
The authors of a new study find that even a rapid transition to clean energy will not produce climate benefits until the second half of this century, while converting coal to natural gas will have little positive effect.
Reinsurers Call for National Climate Policy (03/05)
After a year in which losses due to extreme weather events totaled $44 billion, representatives of the reinsurance industry call on US policymakers to acknowledge the reality of climate change and take action on a national policy.
James Murdoch Steps Down at News International (03/02)
Christian Brothers Investment Services welcomes the move as a small first step, but calls for additional corporate governance reforms at the media giant.
On a Bumpy Road Toward the Sustainable World (03/01)
A morning's reading ranges from Davos to ESG metrics, and the prevailing message is that improved collaboration among all stakeholders is necessary to rescue the world from an unsustainable future.
As You Sow Publishes Proxy Preview (02/29)
The report notes an exponential increase in resolutions addressing the various forms of corporate political spending, while the community impacts of hydraulic fracturing and financial risks associated with coal lead environmental resolutions.
Zevin Asset Management Grows into a Corporate Engagement Powerhouse (02/28)
The Boston-based investment manager, with $335 million in assets under management, has co-filed 14 shareowner resolutions for the 2012 proxy season.
Investors Write to Chevron on Country Selection (02/27)
Following an unproductive meeting with Chevron on its operations in Burma, shareowners make public a letter in which they request transparency in the company's country selection criteria.
Lydenberg's Argument for Reasonable Investment Wins IRRC Award (02/25)
Steven Lydenberg, Chief Investment Officer of Domini Social Investments, wins the first Post-Modern Portfolio Theory award from the IRRC Institute for his paper espousing reasonable, rather than merely rational, investment.
Advisory Warns Investors of Risks of Proposed Copper and Gold Mine in Alaska (02/24)
Citing community opposition, unprecedented infrastructure requirements, and environmental risks, Earthworks questions whether the mine, located in the Bristol Bay area, will ever be built.
Investors Urge Large Corporations to Move Beyond Reporting and Take Carbon Action (02/23)
The Carbon Action initiative of the Carbon Disclosure Project, launched last year on behalf of 34 institutional investors, now has 92 signatories with more than $10 trillion in assets under management.
Resolutions or Engagement? Ceres Prepares for Proxy Season by Using Proxy Ballot to Encourage Change (02/21)
SocialFunds.com talks with Rob Berridge of Ceres about the organization's past success and its plans for driving change in the stewardship of the environment through shareowner resolutions.
HP Agrees to Proxy Access (02/20)
The computer giant agrees to allow institutional investors meeting ownership thresholds to nominate candidates for its Board of Directors.
US Joins in Launch of Initiative to Reduce Short-Lived Climate Pollutants (02/17)
The Climate and Clean Air Coalition, a partnership of the UN Environment Program and six countries, seeks to encourage reductions in methane, black carbon, and ozone that could reduce global warming and avoid millions of premature deaths.
Only 9% of Fund Managers Incorporate ESG Factors (02/15)
Mercer's evaluation of environmental, social, and corporate governance uptake by fund managers reveals that there is considerable room for improvement in how they communicate ESG integration to investors.
ICCR Focuses on Dialogues More than Resolutions in Corporate Engagement (02/14)
SocialFunds.com talks with Laura Berry about the Interfaith Center on Corporate Responsibility's shift in emphasis from filing shareowner resolutions to corporate engagement through dialogues.
Corporate Disclosure of Forest Footprints Is Improving (02/13)
The Forest Footprint Disclosure Project publishes its third annual survey of voluntary corporate disclosure of risks and opportunities associated with forest risk commodities.
House Republicans Gut Key Provision of STOCK Act (02/11)
House Majority Leader Eric Cantor strips provision requiring political intelligence consultants to register as lobbyists from version of bill passed by Senate.
Shareowners Continue Campaign for Disclosure of Risks Associated with Fracking (02/10)
Ten shareowner resolutions addressing hydraulic fracturing have been filed thus far for the 2012 proxy season, and proponents for improved disclosure look to improve upon last year's 40% vote in support.
Google Tops Greenpeace International's Cool IT Leaderboard (02/09)
The Internet giant is cited in Greenpeace's fifth ranking of information technology companies for its commitment to renewable energy and its public advocacy for clean energy policies.
CalSTRS to Facebook: More Women on Board (02/08)
The pension fund's Director of Corporate Governance writes to Mark Zuckerberg, expressing disappointment in the lack of diversity on Facebook's board of directors.
ICCR Publishes 2012 Proxy Resolutions and Voting Guide (02/07)
The Guide reveals a focus by members of the Interfaith Center on Corporate Responsibility on social issues and corporate engagement.
States Require Insurers to Respond to Climate Risk Survey (02/02)
California joins New York and Washington in requiring insurers that that write in excess of $300 million in premiums to respond to the National Association of Insurance Commissioners' Climate Risk Survey.
A 30% Reduction in EU Emissions by 2020 will be Cheaper than Expected (02/01)
Noting that emissions reductions reached 14% by 2010, the European Commission concludes that a 30% cut will cost less than anticipated, and the Institutional Investors Group on Climate Change calls for incentives to stimulate private investment.
Investors Team with Law Enforcement Professionals to Combat Sex Trafficking at Super Bowl (01/31)
Interfaith Center on Corporate Responsibility members warn that child sex trafficking increases during large sporting events, and engage with Indianapolis hotels to raise awareness of the risk at this year's Super Bowl.
UN Adaptation Database Highlights Corporate Sustainability Efforts (01/30)
The UN Framework Convention on Climate Change publishes an online database featuring case studies of climate change adaptation activities undertaken by private companies.
Book Review: Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership (01/28)
Trucost executive Cary Krosinsky edits a book of essays demonstrating that sustainable investment in an era of growing resource scarcity yields significant opportunities for portfolio outperformance.
Shareowners File 40 Resolutions on Lobbying Expenditures by Corporations (01/27)
Walden Asset Management leads a coalition of investors calling on companies to disclose both direct lobbying expenditures and indirect funding of lobbying through trade associations.
GRI Publishes Sustainability Guidance for Event Organizers (01/26)
Site selection and community impact are among the key issues for which reporting can enhance the accountability of event organizers, the Global Reporting Initiative says.
Ceres Aqua Gauge Helps Investors and Companies Manage Water Risk (01/24)
As population growth and climate change make water risk management an issue for investors and companies to address without delay, the Ceres Aqua Gauge provides a framework for evaluating corporate strategies.
Harrington Investments Requests that Monsanto Report on GMOs (01/23)
The chemical giant refuses to allow a proxy to speak on behalf of the shareowner resolution at tomorrow's annual general meeting, and Harrington joins in call for demonstrations.
On Second Anniversary of Citizens United, Coalition Calls on SEC to Mandate Disclosure (01/20)
The Corporate Reform Coalition holds a press conference in which members express support for a petition requesting that the Securities and Exchange Commission establish rules mandating that public corporations disclose their political spending activities.
Shareowner Activists Urge Siemens to Quit Chamber of Commerce (01/19)
CtW Investment Group writes to the German industrial conglomerate, stating that its position on the Chamber's board is at odds with the trade association's efforts to weaken the Foreign Corrupt Practices Act.
Shareowners to Corporations: Say No to Political Expenditures (01/18)
Trillium Asset Management and Green Century Capital Management file resolutions with Bank of America, 3M, and Target, requesting that they refrain from making political donations.
Congressional Recipients of Oil Industry Money Overwhelmingly Support Controversial Pipeline (01/17)
An analysis by MapLight reveals that of the 118 House members who report the oil and gas industry among their top ten contributors, only two voted against legislation calling for construction of the Keystone XL pipeline.
Investors Vow to Address Climate Change even as Congress Fails to Act (01/16)
At the Investor Summit on Climate Risk & Energy Solutions, hosted by Ceres, institutional investors note progress in managing climate change in their portfolios, but warn that further action must be taken now.
Emerging Markets Investors Advised to Factor for Cost of Carbon (01/13)
SinCo and Trucost produce a report that identifies risks of a carbon tax to high-emitting companies, while analyzing the carbon footprints of South African equity funds.
EPA Launches Database of High Emitters (01/13)
2010 greenhouse gas emissions data reveals that power plants were the largest stationary sources of direct emissions, with 96 of them among the 100 facilities reporting the highest levels of emissions.
Microsoft Says Worker Dispute at Foxconn Plant Resolved (01/12)
Suicide threats by protesting workers at Chinese manufacturing plant recalls 2010 deaths of workers at another Foxconn plant in China.
Investors Advised to Increase Climate-Sensitive Allocations and Engage with Companies and Policymakers on Climate Change (01/11)
Mercer follows up groundbreaking 2011 study of the economic costs of climate change with a survey of the climate change-related investment strategies of institutional investors.
The Pros and Cons of COP17 (01/09)
Nations agree to agree on a binding emissions reduction treaty, and the Green Climate Fund is established, but details on both are lacking and may not prevent warming of more than two degrees Celsius.
Ecuadorian Court Upholds $18 Billion Judgment Against Chevron (01/06)
In addition to upholding the judgment for environmental damages in Ecuador's Amazon rainforest, the court also criticized Chevron's efforts to undermine the trial.
States, Cities Call for End of Corporate Personhood (01/05)
California joins Vermont in calling for a constitutional amendment overturning Citizens United, and the New York City Council joins Los Angeles in unanimously supporting an amendment.
Ban on Corporate Political Spending Upheld in Montana (01/04)
The Montana Supreme Court rules in favor of reinstating the state's century-old ban on direct political spending by corporations.
Climate Change and COP17 from an African Perspective (01/03)
SocialFunds.com talks with Graham Sinclair, President of AfricaSIF, about his impressions of the recently concluded climate change conference held in South Africa.
Appeals Court Blocks Cross-State Air Pollution Rule (01/02)
Power producers argued that the Environmental Protection Agency's (EPA) January 1 deadline gave them too little time to install required pollution control equipment.
Top Sustainable Investment Stories of 2011 (12/31)
Many sustainable investors see affinities between their concerns and those of the Occupy Movement, and global emissions from the burning of fossil fuels in 2010 were the highest in human history.
Scientists Urge GOP Candidates to Accept Climate Science (12/30)
In advance of early primaries, scientists in Iowa and New Hampshire urge Republican presidential candidates to accept climate science and support efforts to reduce greenhouse gas emissions.
Shareowner Engagement Leads to Adoption of Human Rights Policy at OM Group (12/29)
The company operates a cobalt smelter in the Democratic Republic of the Congo, where a 2007 workplace accident at a joint venture partner killed three children.
Greenpeace Ends Unfriend Coal Campaign Targeting Facebook (12/28)
The social media giant agrees to reduce its reliance on coal-powered electricity by siting its data centers where renewable energy sources are available.
Shareowners Press Chevron to Acknowledge Environmental Liabilities in Ecuador (12/27)
Even as Chevron's liability for a November oil spill in Brazil reaches billions of dollars, the company still refuses to disclose to shareowners the risks associated with an $18 billion court judgment against it in Ecuador. Second of a two-part series.
Shareowner Activists Pressure Chevron for Transparency Over Payments to Burmese Regime (12/23)
Amid news of a possible normalization of relations between the US and Burma, sustainable investors and other activists argue that most of Chevron's payments line the pockets of the military. First of a two-part series.
Mutual Fund Support for Political Spending Disclosure Inches Upward (12/22)
An analysis prepared for the Center for Political Accountability by Jackie Cook of Fund Votes reveals that mutual fund support for corporate political spending disclosure increased in 2011 for eighth year in a row.
Schapiro Remarks Suggest Regulation of Proxy Advisors (12/20)
The SEC Chairman cites corporate concerns over quality of information used for recommendations, and potential conflicts of interest, as reasons for regulation of proxy advisory firms.
CEO Pay at S&P 500 Companies Up 37% in 2010 (12/19)
Increases in CEO pay are far greater than those of share prices, GovernanceMetrics International finds, and three of the highest paid executives are with companies whose shareowners have expressed dissatisfaction over pay packages.
New Report Surveys Current State of Impact Investing (12/16)
The Global Impact Investing Network finds that impact investors often provide debt investments to microfinance institutions in emerging markets, but provides little to distinguish the practice from sustainable investing.
Investors Provide Guidance for Companies Engaged in Hydraulic Fracturing (12/15)
SocialFunds.com talks with Richard Liroff of the Investor Environmental Health Network about a collaborative effort with the Interfaith Center on Corporate Responsibility to minimize risks associated with fracking through key performance indicators and best practices.
EPA Finds Drinking Water Tainted by Fracking (12/13)
An analysis by the Environmental Protection Agency finds that hydraulic fracturing is responsible for polluting the drinking water in Pavilion, Wyoming.
What Happened at COP17? (12/12)
Negotiators leave Durban without a plan to stop climate change but with an agreement to pursue a binding pact, and investors look for signs that support increased investment in climate change mitigation and adaptation.
Shareowners Support Annual Say-on-Pay Votes (12/09)
An analysis by GovernanceMetrics International finds that while 42% of companies recommended a shareowner vote on executive compensation every three years, 72% of shareowners voted in favor of annual votes.
Massey Energy Parent Fined $209 Million for Fatal Mine Disaster (12/07)
The Mine Safety and Health Administration says that corporate culture at Massey was the root cause of the Upper Big Branch mine explosion in West Virginia that killed 29 workers.
Unilever Tops Scorecard of Companies Addressing Climate Change (12/07)
In the fifth annual Scorecard produced by Climate Counts, Unilever supplants Nike for the first time as the leader in corporate emissions reduction, public policy, and reporting.
Largest South African Companies are Responding to Climate Change but Need to do More (12/06)
With the COP17 climate change conference occurring in South Africa, EIRIS analyzes the climate change performance of the 40 largest companies listed on the Johannesburg Stock Exchange.
42 S&P500 Companies at Risk for Failed Say-on-Pay in 2012 (12/03)
An analysis by GovernanceMetrics International finds that 157 companies in the Russell 3000 also failed to gain 70% of shareowner support, and recommends that those companies engage with shareowners on executive compensation.
Grassroots Support Grows for Constitutional Amendment on Corporate Personhood (11/29)
The founders of Ben and Jerry's Ice Cream help launch Business for Democracy, and Move to Amend supports a constitutional amendment ending "legal fiction" of corporate personhood.
Film Review: Margin Call (11/28)
First-time director J.C. Chandor's film provides a fictionalized version of Lehman Brothers awakening to the fact that inadequate risk management had launched the financial crisis.
Two Shareowner Proposals Request Proxy Access (11/23)
The proposals are based on a Model Shareowner Proposal for Proxy Access, developed by the United States Proxy Exchange, which requests shareowner votes under SEC Rule 14a-8.
Wall Street Journal Op-ed Attacks Corporate Disclosure of Political Spending (11/22)
Bruce Freed of the Center for Political Accountability talks with SocialFunds.com about the mischaracterizations in the Journal's op-ed piece, and describes the widespread support for greater disclosure.
IPCC Links Extreme Weather Events to Climate Change (11/21)
In a summary released for policymakers in advance of its full report, the Intergovernmental Panel on Climate Change considers it highly likely that the increase in extreme weather events and disasters is due to man-made climate change.
Investors Provide Guidance for Compliance with California Transparency in Supply Chains Act (11/18)
Companies are encouraged to go beyond compliance with law and enact policies that commit them to addressing human trafficking in their supply chains.
Praxis Targets Cell Service Providers in Conflict Minerals Campaign (11/17)
SocialFunds.com talks with Mark Regier of Praxis Mutual Funds about the launch of campaign to bring cell service providers into the conversation about conflict minerals.
Support by Mutual Funds for Sustainability Proposals Increases, but is it Happening Quickly Enough? (11/16)
SocialFunds.com talks with Jackie Cook of Fund Votes about the results of voting by mutual funds on shareowner proposals in 2011 relating to sustainability.
Zuccotti Park Cleared of Occupy Protesters (11/15)
Police action to remove activists from original Occupy Movement encampment occurs two days before planned rally to shut down Wall Street.
Corporate Political Spending: More Disclosure but a Billion Dollars Spent in 2010 (11/14)
The IRRC Institute confirms that more boards oversee political expenditures but that more money is being spent as well.
Administration Punts on Controversial Oil Pipeline (11/11)
The State Department's decision to review planned route through Nebraska is likely to put off a final decision until 2013.
Executive Compensation Policies Slightly Better After Say on Pay Regulation (11/10)
GMI analyzes executive compensation packages at S&P 500 companies, and finds incremental improvement as well as a correlation between ratings and proxy votes.
CR Reporting on Upswing, but Improvements in Implementation and Assurance are Needed (11/09)
KPMG surveys the state of Corporate Responsibility reporting among the world's largest companies, and helps the Global Reporting Initiative produce a database of corporate sustainability disclosures.
I Was Never a Climate Change Skeptic, Physicist Richard Muller Now Says (11/08)
In a study partly funded by the Koch brothers, a team of Berkeley physicists conclude that climate change is real and that studies debunked by skeptics were in fact accurate.
Investors Call on SEC to Regulate Corporate Political Spending (11/03)
SocialFunds.com talks with Adam Kanzer of Domini Social Investments about the investor effort to persuade the Securities and Exchange Commission to consider regulation of corporate political spending. Second of a two-part series.
Democrats Seek to Limit Corporate Political Spending (11/02)
A group of Senators introduces a constitutional amendment that would authorize Congress to regulate political spending and allow states to do so. First of a two-part series.
ISS Seeks Investor Input for Revised Proxy Voting Policies (11/01)
Institutional Shareholder Services says the comment period for the 2012 update of its proxy voting policies will run through November 7th.
Index Ranks Companies on Political Spending Disclosure (10/28)
The Center for Political Accountability collaborates with the Zicklin Center for Business Ethics Research in the Index of Corporate Political Disclosure and Accountability, which ranks companies in the S&P 100 according to their disclosure and board oversight of political spending.
Murdoch to Shareowner Activists: the Polls are now Closed (10/25)
Julie Tanner of Christian Brothers Investment Services describes the frustration of advocating for governance reforms at the annual meeting of scandal-plagued News Corp.
Time to Improve the Equator Principles, BankTrack Says (10/24)
As the Equator Principles Association prepares a draft of new principles, BankTrack calls for increased transparency and more attention to climate change and human rights.
Proxy Firm Tells US Investors to Oust News Corp Directors (10/10)
Citing concerns about objectivity and independence, Glass Lewis advises shareowners to vote against six of the media giant's directors.
SRI in the Rockies: Public Policy as a Strategic Tool for Sustainable Investment (10/08)
Leading voices for shareowner action discuss public policy engagement at this year's SRI in the Rockies conference.
Mainstream Support for Environmental Resolutions Grows (10/07)
A resolution calling for a report on social and environmental risks to Smuckers coffee business, filed by sustainable investors, gains wide support from mainstream shareholders as well.
Almost 500 Firms Asked to Disclose Political Spending (10/04)
Citing the risks posed to corporations by Citizens United, the Center for Political Accountability asks companies to adopt disclosure on political spending in advance of 2012 proxy season.
Council of Institutional Investors Analyzes Say-on-Pay Proposals (09/29)
A report from the CII finds that pay for performance issues were cited most often by institutional investors as the reason for voting against management proposals.
Despite Court Ruling, Opportunity for Proxy Access Remains (09/23)
SocialFunds.com talks with corporate governance advocate James McRitchie about the challenges and potential benefits provided by SEC Rule 14a-8, which was left standing when Rule 14a-11 was struck down.
Ceres Issues Proxy Voting Guidance (09/22)
A new report argues that institutional investors without clear guidelines on sustainability issues run the risk of breaching their fiduciary duty.
US Companies Don't Wait for Regulation, Address Climate Change to Compete (09/21)
The Carbon Disclosure Project's survey of S&P 500 companies finds that the number integrating climate change into business strategies nearly doubles.
Sustainability Issues Persist but Urgency to Address them Declines (09/20)
A survey of sustainability experts finds that while issues such as energy, climate change, and water scarcity remain critical, a sense of urgency in dealing with them is declining.
Trillium Wraps Up 2011 Proxy Season (09/19)
Asset management firm's resolutions led to successful engagement on environmental reporting, political spending, and Internet privacy.
More Large Companies Have Climate Change Strategies (09/16)
In its most recent annual report, the Carbon Disclosure Project finds that for the first time a majority of Global 500 companies integrate climate change into business strategies.
International Integrated Reporting Committee Proposes Integrated Reporting Framework (09/15)
With input from investors and other key stakeholders, the IIRC publishes a discussion paper for the convergence of financial and sustainability reporting.
Investors Continue to Press SEC on Proxy Access (09/14)
Institutional investors with $2 trillion in assets urge the Securities and Exchange Commission to issue regulations allowing proxy access.
PRI Issues 2011 Report on Progress (09/09)
While integration of environmental, social, and corporate governance factors remains limited as a proportion of the global market, the report indicates that such integration is growing across asset classes.
Insurers Unprepared for Climate Change (09/02)
A report from Ceres analyzes responses from insurance companies to a survey by the National Association of Insurance Commissioners, and calls for mandatory disclosure to correct failures of risk management.
Investors Support Call for SEC Rulemaking on Political Spending (09/01)
The International Corporate Governance Network writes to the Securities and Exchange Commission in support of petition from academics calling for regulation of corporate political spending.
SEC Considering Oversight of Hydraulic Fracturing (08/31)
As investor concerns over the risks of hydraulic fracturing increase, news reports indicate that the Commission is asking companies for information relating to chemicals used in the practice.
Will Howard Schultz Reform Corporate Political Spending? (08/30)
The Starbucks CEO has called on fellow executives to boycott personal contributions because of political gridlock in Washington, but will his campaign lead to greater scrutiny of corporate political spending?
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.
Investors Urge SEC to Pursue Proxy Access (08/25)
The Council of Institutional Investors describes proxy access as its "number one priority" in a letter to the Commission.
Disclosure by Extractive Industries Could Help US Taxpayers (08/22)
The Office of Natural Resource Revenue writes to the Securities and Exchange Commission in favor of rules requiring disclosure of payments to governments, stating that they could help ensure that energy companies are reimbursing US taxpayers.
Investors Call on Oil Companies to Consider Halting Operations in Syria (08/21)
Institutional investors that are members of the Conflict Risk Network, referring to the Guiding Principles on Business and Human Rights, ask oil companies to condemn the harsh crackdown on demonstrations by the Syrian government of Bashar al-Assad.
Can Shell Be Trusted with Drilling in Arctic? (08/20)
The company's permit from the Interior Department to drill in the Arctic precedes by days an oil spill in the North Sea, and follows a UN report critical of its acceptance of responsibility for oil spills in Nigeria.
FairPensions Publishes Guide to Shareowner Resolutions (08/18)
Building on the success of shareowner action over oil sands development, FairPensions guides NGOs and institutional investors through the process of filing resolutions in the UK.
Shareowners Pressure Smucker's on Climate Change (08/16)
Noting insufficient attention to the impact of climate change in the company's sustainability report, Calvert Investments and Trillium Asset Management call for a report on social and environmental risks to its coffee business.
The Conference Board Forms Committee on Corporate Political Spending (08/13)
After collaborating last year with the Center for Political Accountability on a Handbook on Corporate Political Activity, the Board seeks to educate its member businesses on the issue in advance of the 2012 elections.
Investors Ask Companies to Send Trade Associations to Neutral Corner (08/12)
Walden Asset Management and Calvert Investments write to companies on the boards of the Chamber of Commerce and the National Association of Manufacturers, urging them to ask trade associations to end campaign against EPA regulation of climate.
Investor Group Supports Australian Carbon Tax (08/09)
The Investor Group on Climate Change argues that industry opponents to the proposed tax of $25 per ton of carbon emissions have issued "misleading or mistaken" statements.
Corporate Political Spending Will be a Major Issue in 2012 (08/04)
In the wake of successful shareowner votes during the 2011 proxy season, the Center for Political Accountability and The Conference Board collaborate on initiatives to increase transparency and board oversight of the practice.
Wealth Gaps Between Whites and Minorities at Record Levels (08/01)
A new study from the Pew Research Center confirms that the recession has had a far greater impact on Blacks and Hispanics than on Whites.
Is the Carbon Bubble About to Burst? (07/28)
The Carbon Tracker Initiative finds that if global warming is to be contained, 80% of fossil fuels must remain unburned, leaving asset owners with holdings in the fossil fuels industries at risk.
TIAA-CREF Publishes 2011 Socially Responsible Investing Annual Report (07/26)
The report describes the accomplishments of the $470 billion financial services company in promoting sustainable investment according to environmental, social, and corporate governance (ESG) criteria.
Court of Appeals Strikes Down SEC Rule on Proxy Access (07/25)
The Court agreed with the Chamber of Commerce in finding that the rule, which would have allowed shareowners to have their nominees for boards of directors included in proxy materials, was "arbitrary and capricious."
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.
Shareowners Amend Lawsuit Against News Corporation (07/19)
In an amended lawsuit, Amalgamated Bank argues that ineffective oversight by a board that has consistently been given an F rating by GovernanceMetrics International contributed to the phone hacking scandal now engulfing the company
Investors Call for International Treaty on Conventional Arms (07/16)
Twenty-one institutional investors and signatories to the Principles for Responsible Investment argue that the Arms Trade Treaty will protect investors by addressing the irresponsible transfer of conventional weapons.
Urgently Needed: Nothing Short of a Technological Revolution (07/13)
A new report by the UN Department of Economic and Social Affairs warns that steps taken thus far to address climate change and food security are woefully insufficient, and argues that $1.9 trillion per year must be spent to end poverty and avert effects of climate change.
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.
Shareowner Action Contributes to Sea Change in Corporate Governance (07/01)
GovernanceMetrics International reviews the results of the 2011 proxy season thus far, and finds that important corporate governance policies are now enshrined at most S&P 500 companies.
Shareowner Support for Environmental Resolutions Continues to Grow (06/28)
Tracking by Ceres of this year's environmental resolutions reveals that the average support for hydraulic fracturing proposals increased to 40% in 2011, up from 30% in 2010.
ICCR Leads Investor Effort to Address Human Trafficking in Corporate Supply Chains (06/27)
A coalition of over 90 investors calls on 27 companies in six high-risk industry sectors to join in multi-stakeholder initiatives to combat a practice that currently enslaves tens of millions of men, women, and children.
MSCI Launches MSCI ESG Manager (06/23)
The MSCI ESG Manager, designed to help asset managers and owners manage ESG research, analysis, and compliance, includes on a single platform all of MSCI's research and analysis of companies listed on the MSCI World index.
UN Human Rights Council Endorses Guiding Principles on Business and Human Rights (06/22)
Authored by Special Representative John Ruggie, the Principles state that business enterprises are responsible for remediation of human rights violations in which they are involved.
WikiLeaks Cable Describes US State Department Efforts to Undermine Minimum Wage in Haiti (06/22)
After Haitian Parliament passed a law increasing minimum wage for textile workers to five dollars a day, US Embassy Deputy Chief of Mission David Lindwall wrote that it "appealed to the unemployed and underpaid masses."
Risk Management in Water-Intensive Sectors Insufficient (06/18)
EIRIS reports on corporate responses to water scarcity, finding that most demonstrate limited or no evidence of taking action to mitigate water risks.
Layne Christensen Publishes First Sustainability Report (06/17)
Despite rebuffing efforts by Walden Asset Management to engage on the issue, the company recommended a vote in favor of a resolution calling for sustainability reporting, and publishes a first report that is informed by Global Reporting Initiative guidelines.
Is Corporate Social Responsibility a Distraction? (06/16)
A paper by consultants at Dalberg Global Development Advisors argue for the return of a focus on the single bottom line of corporate profitability, but calls for a long-term horizon that coincides with the interests of sustainable investors.
Report Surveys Climate Change Strategies of Global Investors (06/15)
Three investor networks collaborate on a new report that details the different approaches to climate change among investors in North America, Europe, and Australasia.
CEO Compensation Rose Sharply in 2010 (06/10)
GovernanceMetrics International reports that annual compensation at S&P 500 companies increased by 35% in 2010, and the United States Proxy Exchange issues draft guidelines to help shareowners vote their say-on-pay proxies.
Investors Call on Russell 1000 Companies to Address Sustainability (06/08)
Led by Ceres, a coalition of investors representing more than $1 trillion in assets under management writes to the CEOs of Russell 1000 companies, urging them to increase corporate attention to sustainability issues.
Resolutions Addressing Hydraulic Fracturing Continue to Attract Shareowner Support (06/03)
At annual meeting of Ultra Petroleum, the company refuses to permit shareowners to present their proposal, but votes in favor double that of 2010.
National Association of Manufacturers Board Members Asked to Clarify Their Positions on Climate Change (05/28)
A coalition of investors points out misalignment between the climate change positions of 43 corporations and that of the trade association on whose board they sit, and asks for clarification.
As Violence Erupts Again in Sudan, Investors Call for Engagement (05/27)
An Investor Statement by the Sudan Engagement Group of the Principles for Responsible Investment, issued before this week's occupation of Abyei, calls for awareness of risks associated with doing business in conflict areas.
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.
Investors Call on World Leaders to Act Now on Climate Change (11/18)
A coalition of 259 institutional investors call for an agreement at this month's climate conference that will stimulate the private investment necessary to address climate change.
Sunshine is the Best Disinfectant: Shareholder Activists Promote Corporate Transparency (07/23)
SocialFunds writer Bill Baue speaks with Sanford Lewis of the Investor Environmental Health Network on his shareholder activism promoting corporate disclosure
Bob Monks: ExxonMobil Exemplifies Corpocracy (06/30)
SocialFunds writers Bill Baue and Francesca Rheannon interview corporate governance advocate Bob Monks about his shareholder activism at ExxonMobil and his new book, Corpocracy.
Shelley Alpern on How Tar Sands Perpetuate Petro-Addiction (06/26)
SocialFunds writer Bill Baue speaks with Shelley Alpern of Trillium Asset Management about its shareholder activism on oil company exploitation of tar sands.
SRI Assets Surge Ahead (03/06)
New socially responsible investing study reports one dollar out of every nine dollars under professional management is invested responsibly.
Shareholder Activists Try New Tactic in Divestment Campaign (03/05)
Activists are bringing resolutions to shareholder meetings of mutual funds in a bid to widen pressure on companies doing business with the Sudanese government.
Supreme Court Rules on Naming Secondary Actors in Fraud Cases (01/22)
In a ruling last week, the Supreme Court laid out what businesses can be held liable under current securities fraud laws.
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.
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.
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.
Proxy Advisors Come Out Clean (08/10)
A report from the Government Accountability Office finds that the largest proxy advisor ISS and other advisor firms disclose potential conflicts of interest.
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.
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.
Ruggie Report Says Voluntary Human Rights Initiatives Set Stage for Binding Global Standards (03/19)
While the report finds significant flaws with voluntary collaborations between corporations and civil society, they currently fill the gap created by nation-states failing to protect human rights.
Mutual Funds Inch Toward More Conscientious Proxy Voting on Social and Environmental Resolutions (03/14)
Corporate social responsibility resolutions addressing climate change reveal the increasing complexity of assessing proxy voting records.
Shareholders Ask Companies for Transparency on Corporate Political Giving (02/15)
With 43 companies facing shareholder resolutions on political accountability this proxy season, a handful of companies have already reached agreements with filers on this issue.
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.
Top Five Socially Responsible Investing News Stories of 2006 (01/05)
Green investing booms, microfinance pioneer wins Nobel Peace Prize, shareowner democracy increases, resolutions receive record votes, and UN launches Principles of Responsible Investment
TXU Shareowners File Three Resolutions Questioning Wisdom of Pulverized Coal Plants (12/19)
Part one of this two-part article examines how shareowners are raising environmental and regulatory concerns over the TXU coal expansion plan, as well as environmentally preferable alternatives to coal such as energy efficiency.
Retailers Improve on Keeping Violent Video Games Out of the Hands of Children (12/13)
An Interfaith Center on Corporate Responsibility report also identifies several areas where the seven companies examined stand to improve performance--predominantly on disclosure.
Marriott Combats Child Sexual Exploitation (12/11)
Shareowner engagement by Boston Common Asset Management and the First Swedish National Pension Fund prompts Marriott to explicitly address child sex tourism in its human rights policy.
How to Do Sustainble Banking (12/06)
BankTrack, a coalition of nongovernmental organizations promoting social and environmental responsibility in the finance sector, issues a guide to best practices in sustainable banking.
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.
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.
Blue Funds to Invest in Companies that Support Democrats (10/13)
The two new funds seek to capitalize on research that finds that Democrat-supporting companies significantly outperform Republican-supporting companies.
Carbon Disclosure Project Finds Tipping Point in Awareness But Not Action on Climate Risks (09/19)
CDP4 reveals almost three quarters of FT500 tracking their greenhouse gas emissions, but less than half of those who think climate change poses risks are reducing GHG emissions.
Academic Joins Shareowners in Advocating Corporate Lobbying Reform (09/18)
Yale University Professor Bob Repetto issues paper calling for companies to rapidly adopt best practice on corporate lobbying, including oversight and approval by independent directors.
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.
Green Century Equity Fund Seeks Shareowner Okay to Continue Tracking Domini Social Index (08/30)
Green Century also announced its intention to lower the expense ratio for the fund with aim of enlarging the fund's investor base.
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.
First Socially Responsible Investing Portfolio Devoted to Diversity Launched (07/31)
Minority-owned Creative Investment Research conceived of the portfolio to promote corporate diversity while targeting women and minority investors for economic empowerment.
The Pages of Corporate Sustainability and Responsibility (07/28)
Books addressing climate change dominate the fourth annual SocialFunds.com Summer Reading List recommended by socially responsible investing and corporate social responsibility leaders.
Trillium Takes the Reins from Winslow in Managing the Green Century Balanced Fund (07/24)
The transition in portfolio managers has shifted the fund back to its roots as a core portfolio holding by reducing risk and diversifying holdings across the multi-cap space.
Filing Resolutions at Mutual Funds: The Next Frontier for Shareowner Activism? (07/21)
Eight years after the Northwest Corporate Accountability Project first filed an environmental shareowner resolution, it will finally go to vote at the Merrill Lynch Global Allocation Fund.
Survey Reveals TIAA-CREF Investor Desire to Up Commitment to SRI (07/17)
TIAA-CREF promises to respond to participants, of whom over three-quarters prioritize social and environmental considerations in investing choices.
Stratfor Analysis Says Rise in Support for Shareowner Activism is Hitting a Plateau (06/22)
The analysis suggests that corporate executives are building up a tolerance to higher resolution votes; mutual fund proxy voting transparency represents the next frontier for shareowner activists to boost votes.
Canadian SRI Funds Perform On Par with Mainstream Funds (06/21)
A survey of Canadian socially responsible investing funds finds a broad range of rigorousness in assessing corporate social and environmental sustainability.
Correlating Proxy Advisory Firm Recommendations with Voting Results (06/20)
A look at the link between recommendations by Institutional Shareholder Services, Glass Lewis, and PROXYGovernance and voting results at Citigroup, Chevron, ExxonMobil, and Wal-Mart.
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.
Amgen Recommends Support for Political Donations Resolution, Bolstering Broader Campaign (05/16)
The Center for Political Accountability, which coordinates the political contributions campaign, released a report on trade association contributions that previews its 2007 proxy season strategy.
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.
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.
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.
Shareowner Resolutions Overcome Obstacles to Promote Sustainability Reporting (03/29)
A campaign advocating for sustainability reporting refines its strategies, shifting from requiring adherence to recommending Global Reporting Initiative guidelines.
Corporate Action on Climate Change Improves Over Past Three Years, But Still Insufficient (03/28)
A report from Ceres benchmarks corporate governance on climate change, finding steady gains by leaders while some laggards leapfrog toward the top and other laggards stagnate at the bottom.
Thirty Years and Counting: Cofounder Wayne Silby Recounts the Birth of Calvert (03/18)
To celebrate the thirtieth anniversary of Calvert, SocialFunds.com speaks with co-founder Wayne Silby about its genesis, development, and future.
A Serendipitous Match: Davis Advisors Takes Over MMA Praxis Core Stock Fund (03/16)
The portfolio holding of Wal-Mart exemplifies (oddly enough) how both Davis Advisors and MMA Praxis emphasize the importance of stewardship and shareowner empowerment.
Whole Foods Market Gags Shareowners at Annual Meeting (03/10)
A leader on corporate social responsibility, Whole Foods lags on corporate governance by stymieing shareowner democracy.
SEC Forces Chevron, Dow, and CVS to Include Shareowner Resolutions on Their Proxies (03/07)
Part two of this two-part article examines no-action activity thus far in the 2006 proxy season, focusing on attempts to apply the personal grievance rule and expand a new risk assessment rule.
Resolution Withdrawals Signal Success in Shareowner Advocacy Early in 2006 Proxy Season (03/06)
Part one of this two-part article examines withdrawal of resolutions on climate change, sexual orientation nondiscrimination, political contributions, and HIV/AIDS policies.
Shareowner Action on Product Toxicity Shifts from Isolated Resolutions to Become a Campaign (02/09)
Fueling this development is the increasing visibility of product toxicity in the news, with the Environmental Protection Agency issuing record fines.
Using Mutual Fund Proxy Voting Data to Promote More Conscientious Voting (02/03)
The final installment of this multi-part series steps back to consider the implications of the findings and how to harness them to push mutual funds to support corporate social responsibility.
Social Investment Forum Trends Report Tracks Rises and Falls of Socially Responsible Investing (01/26)
The 2005 report documents increases since 2003 in assets overall in SRI, in SRI mutual funds, and in shareholder advocacy, but decreases in overall screened assets and in screened separate accounts.
Eroding Support for Shareowner Resolutions on Climate Change Revealed by Unpublished Data (01/25)
In part three of this multi-part article, SocialFunds.com examines unpublished data associated with a recent report on mutual fund proxy voting from The Corporate Library, and finds decreasing support for climate change resolutions.
Unpublished Data Clarifies SRI Proxy Voting on CSR Resolutions (01/18)
In part two in this multi-part series, SocialFunds.com examines unpublished data associated with a recent report from The Corporate Library, and finds that statistics are not always what they seem at first glance.
The Corporate Library Report on Mutual Fund Proxy Voting Finds Stagnation and Even Retreat (01/17)
Part one of this multi-part series discusses the report findings on decreasing mainstream fund support for CSR resolutions; subsequent articles examine unpublished data from the research.
GE Comes Clean, Disclosing Costs Related to PCB Cleanup on the Hudson (01/12)
The move prompts the Tri-State Coalition for Responsible Investment, which characterized some of these expenditures as delay tactics, to withdraw its shareowner resolution requesting this information.
Top Five Socially Responsible Investing News Stories of 2005 (01/05)
Socially responsible investing, corporate social responsibility, and microfinance embraced by the mainstream; shareowner advocates withdraw several climate change resolutions as companies agree to report; and exchange traded funds apply SRI strategies.
EPA Tries to Pull a Disappearing Act on the Toxics Release Inventory (12/16)
In response to the Environmental Protection Agency proposal to dilute TRI, the socially responsible investing community launches the SaveTRI.org website.
SRI Community Releases Retailer Guidelines to Avoid Violent Video Game Sales to Kids (12/14)
The Interfaith Center for Corporate Responsibility guidelines address underage exposure to graphic violence, strong sexual content, and racist themes, as well as impact on shareholder value.
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.
New International Finance Corporation Sustainability Standards: Watershed or Watered Down? (11/23)
A group of socially responsible investors express concern over perceived shortcomings in the proposed IFC policy revisions, while the IFC points out where the policies break new ground.
Shareowner Empowerment Is Alive and Well: a Preview of the 2006 Proxy Season (11/16)
Part two of this two-part article examines the developing trends in shareowner activism as resolutions are filed for the upcoming proxy season.
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.
Third Carbon Disclosure Project Survey Finds Increasing Action on Climate Change (09/21)
CDP3, now sponsored by 155 institutional investors with more than $21 trillion in assets, also reveals some significant footdragging by the Financial Times 500 companies.
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.
Shareowner Resolution Asks Monsanto to Create Ethics Oversight Committee (08/26)
The company stonewalls inquiries related to the resolution, which springs from a $1.5 million settlement with the SEC and DOJ earlier this year regarding a bribe Monstanto paid in Indonesia.
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.
TIAA-CREF Creates New Director of Social Investing Post But Refrains From Some SRI Strategies (07/15)
TIAA-CREF enhances its proxy voting and practices some community investment, but finds obstacles to supporting community development financial institutions and SRI venture capital.
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.
Book Review--The Bhopal Reader: Remembering Twenty Years of the World's Worst Industrial Disaster (05/12)
A collection of primary and secondary sources spanning the twenty-year quest for corporate accountability from Union Carbide and now Dow for the 1984 chemical leak that killed thousands upon thousands.
Institutional Investors Call on SEC, Wall Street, and Companies to Address Climate Risk (05/11)
The second Investor Summit on Climate Risk focused on information, from the perspectives of disclosure, data generation, and analysis, as a key to transforming climate risk into opportunity.
Virgin Trees in Kleenex: Greenpeace Lambasts Kimberly-Clark Fiber Sourcing (05/06)
Between 15 and 30 percent of K-C tissue products fiber originates from the Canadian Boreal Forest, according to a Greenpeace report, and only 19 percent of its fiber is recycled.
Report Asserts Shareholders Have The Right To Know More About DuPont PFOA Liabilities (05/04)
The report documents information on perfluorooctanoic acid, a Teflon ingredient associated with human health hazards, which DuPont withheld from federal regulators and investors alike.
JPMorgan Chase Environmental Policy Triggers Tipping Point for US Bank Sustainability (04/29)
The JPMC policy surpasses environmental best practice established by Citigroup and Bank of America in some areas, but also lags these sustainability leaders in others.
Weyerhaeuser To Screen Shareholder Questions at Annual Meeting Tomorrow (04/20)
Shifting from the standard open-mic Question and Answer format, the CEO will act as gatekeeper for shareholder questions, a practice viewed by shareholders as restricting their rights.
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.
Faith-Based and Environmentalist Shareowners Withdraw Climate Change Resolutions at Six Companies (03/22)
The six oil and gas companies commit to measure, mitigate, and disclose data related to global warming, and evangelicals join their faith-based compatriots in concern over climate change.
Biting the Hand That Feeds: Mutual Fund Ties to Corporate Clients Can Affect Proxy Voting (03/10)
Study reveals that individual mutual fund firms do not alter proxy voting whether companies are clients or non-clients, but fund firms with more clients tend to vote and adopt voting policies favoring management.
Comparing Citigroup and JP Morgan Chase Policies: Which Stems Illegal Logging in Indonesia? (03/08)
Before providing funding, financial institution policies requiring documentation certifying legitimate timber sourcing may help promote sustainable logging in Southeast Asia.
Carrots and Sweets: Tying Executive Remuneration to Extra-Financial Performance Indicators (03/02)
A report from Henderson Global Investors and Universities Superannuation Scheme finds incentives for extra-financial performance tied to short-term instead of long-term indicators.
Binding Resolutions and Coordination Circumvent Structural Limitations of Shareowner Action (02/18)
A preview of the 2005 proxy season reveals tactics that challenge the systemic imbalance of power favoring corporate management and directors over shareowners.
Speaking From Both Sides of the Mouth: The Art and Science of Corporate Tax Avoidance (02/04)
Three reports--by a US tax watchdog, a pair of US academics, and a UK socially responsible investment firm--find troubling trends in corporate tax strategies.
ConocoPhillips Bows Out of Arctic Power, Green Century Withdraws ANWR Resolution (01/12)
The oil company left the group lobbying to open the Arctic National Wildlife Refuge a year ago and neglected to inform resolution filers, who were nonetheless pleased with the development.
Top Five Socially Responsible Investing News Stories of 2004 (01/11)
Shareowner engagement shifted from confrontational to collaborative, sustainability analysis fused with financial analysis, and fiduciary duty expanded to include social and environmental issues.
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.
Corporations Fight to Keep Political Contributions in the Closet (12/09)
The Center for Political Accountability expands its campaign by advancing shareowner resolutions asking companies to disclose political donations and to provide a business rationale for them.
Two Reports Reveal Proxy Votes Rubber-Stamp Management Recommendations (12/08)
One finds the majority of top US mutual funds voting against climate change resolutions, the other finds contradictory proxy by Canadian pension fund managers.
Ford HIV Report Exemplifies New Shareowner Action Strategy (12/07)
Ford joins Coca-Cola, Cinergy, and others heeding shareowner resolutions requesting reporting on social and environmental issues, but it remains to be seen how far the strategy will extend.
European Socially Responsible Investment Firms Let the Sun Shine In (11/19)
The European Social Investment Forum releases transparency guidelines covering seventeen socially responsible investment practitioners.
Paul Hawken Critiques Socially Responsible Investment: Is He On Target or Off Base? (11/04)
A Natural Capital Institute report criticizes SRI for lack of standards and transparency on screening and holdings for shareowner action.
Graphing Graft: Transparency International Finds Rampant Corruption in 60 Countries (11/03)
The tenth annual Corruption Perceptions Index highlights the acute problem of corruption in oil-rich countries.
Socially Responsible Investment Assets On the Up and Up Down Under (10/21)
The Ethical Investment Association in Australia reports that SRI assets have doubled in the three years it has been producing benchmarking surveys.
Are Electronic Components Producers Ready for Environmental Regulation? (10/20)
A Citizens Advisors study surveys 26 electronics components companies, and projects that many of them will be unprepared for European Union laws taking effect in 2006.
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.
Memo From: SRI Analysts To: Companies--Use GRI Sustainability Reporting Platform! (10/07)
A coalition of 17 socially responsible investment firms recommends that companies disclose social and environmental data using the Global Reporting Initiative.
Material Risks of Genetic Engineering Undisclosed by Food Companies, Report Says (09/28)
A survey of the 35 largest food processors finds only two mentioning genetic engineering risks in their annual reports, and none analyzing these risks.
About Face: Cintas Settles Lawsuit and Supports Vendor Standards Resolution (09/15)
In his apology, Tim Smith of Walden Asset Management highlights the need for accurate information, which Cintas promises to supply in the report requested by the resolution.
New Web Tool Identifies Climate Risk and Opportunity in 24 Biggest Mutual Funds (09/10)
KLD Research & Analytics information reveals both positive and negative corporate performance on climate change, allowing retail investors to lobby their mutual funds.
As Mutual Funds Prepare to Reveal Proxy Votes, Guideline Disclosure Acts as Acid Test (08/25)
Investor-friendly website accessibility to mutual funds' proxy voting guidelines may signal proxy voting record accessibility and investor-friendly proxy voting.
Got Water? Report Recommends Solutions for Businesses To Address Water Scarcity (08/24)
A new Pacific Institute report outlines the impacts on business of water scarcity, and offers ten steps companies can take to help solve these problems.
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.
How Do SRI Firms Walk Their Talk When It Comes to Corporate Social Responsibility? (08/13)
Socially responsible investment firms take particulars such as scale and sector into account in their CSR expectations at the companies they own and in their own operations.
Accuracy of Dow Chemical Statements and SEC Filings Questioned (08/12)
On behalf of two socially responsible investment firms, an environmental attorney asks the SEC to probe the factuality of public statements and filings made by Dow Chemical.
The Value of Transformation: The Catholic Equity Fund (08/11)
After transforming itself from three actively managed funds into one index fund, the Catholic Equity Fund works to transform corporate practice through shareowner advocacy.
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.
Senate Calls on the SEC to Enforce Environmental Disclosure Regulations (07/16)
A series of reports issued at a Senate symposium detail how insufficient disclosure of environmental liabilities results from lack of SEC enforcement.
Rule Proposal Requires Canadian Mutual Funds To Disclose Proxy Votes and Guidelines (06/15)
New Canadian Securities Administrators rule closely resembles the US Securities and Exchange rule.
The Emergence Story Behind Indigenous Peoples Rights Screens (06/10)
Socially responsible investment firms also engage in shareowner action on indigenous peoples rights issues.
ExxonMobil Mocks Climate Change, Maine Treasurer Finds It No Laughing Matter (05/27)
Senior management remains resolute in its disbelief of climate change risk.
Companies Ignore Majority Votes on Shareowner Resolutions (05/20)
Some high-profile companies are taking advantage of the non-binding nature of shareowner resolutions.
Carbon Disclosure Project Report and Greenhouse Gas Protocol Release Second Editions (05/19)
Climate change initiatives get a significant boost this month with the release of two revised editions of a report and a protocol for addressing global warming.
Shareowner Resolution Withdrawn as JP Morgan Chase Addresses Environmental Risks (05/14)
A group of socially responsible investment advocates withdrew a shareowner resolution from JP Morgan Chase when the company established an office of environmental affairs.
Dell First US Computer Company to Commit to a Global Recycling Goal (05/13)
In its 2004 Sustainability Report, Dell commits to increase its fiscal year 2005 computer recycling 50 percent over fiscal year 2004 levels.
ChevronTexaco Faces Class-Action Lawsuit in Ecuador Over Environmental Damage (05/11)
A resolution asking ChevronTexaco to report on new initiatives to address its legacy of environmental damage in Ecuador gained nine percent support from shareowners.
Avon Shareowners Withdraw Two Resolutions Before Annual Meeting (05/05)
Avon agreed to hold annual board of director elections and to phase out phthalates from its products, prompting shareowners to withdraw their resolutions on these two issues.
Three More Companies Address Climate Risk, So Shareowners Withdraw Resolutions (05/04)
Shareowners withdrew climate change resolutions at Southern Company and TXU, which agreed to issue reports, and at Reliant, which agreed to expand disclosure.
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.
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.
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.
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.
Students Call for More Disclosure on University Hedge Fund Investments (03/03)
Frustrated by the opacity of universities' hedge fund investments in terms of their social and environmental impacts, students request dialogue with hedge fund firm.
Piper Jaffray Consulting Division Marries Best Asset Managers with Customized Social Screening (03/02)
Socially responsible investment consultant can apply social screens to best asset managers, even if they do not usually practice SRI.
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.
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.
ExxonMobil Contributed Five Percent of Global Greenhouse Gas Emissions in Last 120 Years (01/30)
Friends of the Earth releases two studies that attribute one twentieth of global climate change to ExxonMobil. The company questions these findings, as it questions climate change.
Shareowner Resolution Calls Costco on Cultural Crimes in Mexican Site Development (01/08)
Shareowners express concern that Costco, which demolished a culturally significant site in Mexico to build a store, may be demolishing its reputation in the process.
Film Depicts Environmental and Social Reporting Disappearing in SEC Black Hole (01/07)
A documentary film by environmental attorney Sanford Lewis reveals the SEC's failure to enforce its rules requiring companies to disclose environmental and social liabilities.
Many Companies Cannot Verify Whether Their Palm Oil Is Produced Sustainably (01/06)
An ISIS Asset Management report finds that few companies can trace the source of their palm oil up their supply chain to confirm whether or not it is produced sustainably.
‘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.
Top Five Social Investing News Stories of 2003 (12/19)
The major social investing news stories of the year include SEC reforms, stock exchanges mandating social, environmental, and corporate governance practices, and climate risk assessment defined as a fiduciary duty.
2004 Proxy Season Glimpse: HIV/AIDS Shareowner Campaign Shifts from Conflict to Collaboration (12/18)
The 2004 proxy season has commenced with an instance of cooperation between a company and its shareowners (Part two of a two-part article.)
2003 Proxy Season Roundup: Shareowner Action Success Measured On and Off the Record (12/17)
While the 2003 proxy season produced some impressive numbers, shareowner advocates also define success in ways that are not easily quantifiable (Part one of a two-part article.)
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.
Watchdog Fund Established to Take a Bite Out of Corporate Governance Malfeasance (12/09)
The new investment vehicle is part mutual fund, part shareowner advocate, and part hedge fund.
Two New Real Assets Funds Attract $25 Million in Their First Two Months (12/03)
The Real Assets Social Leaders Fund and Social Impact Balanced Fund are off to a flying start, re-invigorating social investing in Canada.
UN Institutional Investor Summit Considers Opportunities of Addressing Climate Change (11/26)
Institutional investors make the business case and investment case for assessing, reporting, and mitigating climate change in a summit at the UN (part two of a two-part article).
Institutional Investors Send Wall Street Wake-Up Call to Address Climate Risk (11/25)
At a UN Summit, state treasurers and other institutional investors issue a ten-point call for action for companies, investment analysts, and fiduciaries to address climate risk (part one of a two-part article).
Social Investment Forum’s Trends Report Tracks Rises and Falls in SRI (11/05)
Assets in screened portfolios grew since 2001, while overall assets in socially responsible investments fell during the same time period, according to SIF’s 2003 Trends Report.
SRI Short Selling: an Oxymoron, or Mutually Reinforcing Strategies? (10/29)
Socially responsible investing strategies rarely include short selling, though this tactic may in fact eclipse other SRI strategies in its ability to effect change.
Resolutions Ask TIAA-CREF to Practice the Good Corporate Governance It Preaches (10/14)
TIAA-CREF faces several resolutions asking it to reconcile its strong corporate governance advocacy with what filers describe as its own weak governance policies.
Socially Responsible Investment Through 401k Plans Comes of Age (10/10)
Since the late 1990s, there has been a boom in socially responsible investment through 401k retirement plans.
Social Investors Recommend Best Practice for Coalbed Methane Extraction (10/07)
A shareowner action campaign proactively asks companies to practice environmental and social responsibility in extracting coalbed methane.
Walden Asks Companies to Allow Shareowners to Ratify Auditors (10/03)
Walden Asset Management wrote letters to 45 companies asking them to allow shareowners to ratify the board's choice of auditor, a procedure that is routine.
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.
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.
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?
Catholic Institutional Investors Launch an SRI Fund of Funds Hedge Fund (06/10)
In order to fill a market niche, five Catholic healthcare organizations joined forces to launch an SRI fund of funds hedge fund that is available to other institutional investors.
Blacklisting, Voicetracking, and Payola: Clear Channel and the Effects of Media Consolidation (05/23)
Shareowner activists ask Clear Channel to ban blacklisting, while musicians and other activists oppose FCC plans to deregulate media industries.
Shareowners Press Avon to Walk the Walk (05/08)
Shareowners vote overwhelmingly for board independence at Avon while questions about potential carcinogens in its products linger.
Canadian Greenhouse Gas and Toxic Emissions Resolution Garners Near Record Support (05/07)
A near majority of IPSCO shareowners voted in favor of a resolution asking the company to report on its greenhouse gas and toxic emissions.
The Switch to Socially Responsible Investing Affords Choice and Confers Power (05/05)
The continuation of one investor's story of how he chose SRI mutual funds, and his reflections on the power of socially responsible investing (part two of a two-part article).
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.
Return to Sender: Dell Inches Toward a Computer Take-Back Recycling Program (04/09)
Calvert-led coalition conducts shareowner action urging U.S. computer companies to implement take-back programs for recycling obsolete computers and components.
PepsiCo Shareowners Will Address the Business Risks of Water Scarcity (04/02)
The SEC is requiring PepsiCo's to allow its shareowners to vote on a resolution regarding the business risks of water scarcity.
Mutual Fund Industry Takes Last Stab at Blocking Proxy Voting Disclosure (03/12)
The Investment Company Institute, the mutual fund industry trade group, continues to lobby against new SEC rules that require disclosure of proxy voting policies and records.
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.
Meritas Launches Four New SRI Funds for Canadian Group Pension Plans (02/05)
A mainstream group pension plan provider in Canada contracted Meritas Financial to create and manage four new SRI mutual funds for retirement plan investors.
SEC Tells Mutual Funds To Disclose Their Proxy Votes (01/24)
The Securities and Exchange Commission voted in favor of rule changes that require mutual fund companies to disclose their proxy voting policies and their actual proxy votes.
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.
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.
BP Abandons Group Lobbying for Oil Drilling in Arctic National Wildlife Refuge (12/05)
British oil company chooses to disengage from the Arctic Power lobby group and will only seek to drill in the ANWR if the people and the politicians endorse it.
SRI Index Fund Uses Overweighting and Underweighting to Fully Replicate S&P 500 (10/29)
Instead of screening companies in or out of the Total Social Impact Fund, this enhanced index fund concentrates its holdings in positive social and environmental performers.
Seven New SRI Mutual Funds Launched by Seminal Canadian Investment Firm (10/28)
Ethical Funds recently introduced seven new SRI mutual funds in response to investor requests and a poll that shows overwhelming support for shareowner action in Canada.
Oxfam Launches Coffee Rescue Plan (09/30)
Oxfam International's new effort to promote the fair trade of coffee garners immediate support from Domini Social Investments.
SEC Proposal Would Require Mutual Fund Companies to Disclose Proxy Voting (09/20)
The Securities and Exchange Commission proposed rules requiring all mutual fund companies and investment advisers to disclose proxy voting guidelines and votes.
SRI Mutual Funds Continue and Enhance Corporate Governance Screening (08/29)
While the SRI industry has long screened for corporate governance criteria, the recent accounting scandals have prompted the development of more comprehensive corporate governance screens.
SRI Income Funds Yield Competitive Dividends (08/22)
Often overlooked, SRI income funds allow social investors to diversify their portfolios.
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.
SRI Simulations Beat Benchmarks (06/26)
The Triple Bottom Line Simulation demonstrates to institutional investors how socially responsible investing generates positive financial, social, and environmental returns.
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.
SEC Chair Calls Proxy Voting a Fiduciary Duty (03/29)
In a February letter, the SEC Chair acknowledged that proxy voting is a fiduciary responsibility for all fund managers
EMC Maintains Firewall on Its Board Diversity Efforts (01/23)
The computer hard drive giant continues to resist sharing its board diversity initiatives with investors, and now is petitioning the SEC to omit socially responsible shareowner resolutions from its proxy.
Domini Urges SEC to Require Proxy Voting Disclosure (12/13)
In a letter to the U.S. Securities and Exchange Commission chairman, Domini Social Investments outlines the benefits of mutual fund managers disclosing their proxy voting practices to their investors.
Tomato Pickers Boycott Taco Bell for Higher Wages (12/12)
Borrowing a tactic from anti-sweatshop campaigns, tomato pickers seek a sustainable living wage by appealing to Taco Bell, the primary purchaser of the tomatoes they pick.
SIF Reports on Socially Responsible Investment Growth in the U.S. (11/30)
In its biennial report, the Social Investment Forum documents modest gains in socially responsible investments.
Citigroup Shareowner Resolutions Yield Mixed Results (05/04)
Three of five resolutions achieve thresholds for resubmission next year.
Pax Goes Public with Proxy Voting Results (05/22)
The first socially responsible fund becomes the second to publicize the results of their proxy voting activities.
Aquinas Funds Makes Social Investing a Matter of Faith (05/18)
The leading Catholic family of mutual funds finds common ground with socially responsible investors, and leads the way in shareholder dialogue.
Religious Investors Find New Frontiers at MMA Praxis (02/24)
The Mennonite mutual fund family leads the way to more complete program of socially responsible investing.
Business Ethics Announces Six Social Investment Award Winners (02/04)
Mutual funds and community investment firms gain high honors for both performance and social activism.
Friends of the Earth Launches On-line Guide to Shareholder Activism (02/03)
A web-based handbook from the national environmental group provides strategy and resources for shareholder activists.
SEC Commissioner Speaks Out on Mutual Fund Proxy Voting (01/28)
Commissioner Paul Carey brings the shareholder voting priorities of mutual fund investment advisers to light.
Green Century Co-sponsors Resolution Against ARCO (01/05)
Environmental advocates re-file shareholder resolution calling on oil giant to cancel drilling plans in the Arctic National Wildlife Refuge.