E-newsletter of Investing for the Soul November 29, 2008
Top ethical investing news for November 2008
Links may only be valid a limited time Commentaries by Ron Robins
Greenpeace Guide To Greener Electronics. -
The ’greenest’ top four electronics companies
according to their report are: Nokia, Sony Ericson,
Toshiba and Samsung. If you are looking for
green-electronics stocks that are good to invest in,
this Greenpeace ranking is a good place to start.
FORTUNE & AccountAbility List Their Top Ten
"Fortune partnered with AccountAbility,
Csrnetwork and Asset4 to rank the world’s 100
largest corporations by the quality of their
commitment to social and environmental goals."
The ten companies that most understand and utilize
the advantages of using corporate social
responsibility, according to this analysis, are:
Vodafone, General Electric, HSBC, France Telecom,
HBOS, Nokia, EDF, Suez, BP, and Royal Dutch/Shell.
Ruth Sunderland Lists Her Best & Worst Companies In
Guardian Newspaper. -
Always insightful, this annual review is worth
looking at for anyone interested in ethical
investing. It comprises a series of articles.
Begins To Issue Environmental Bonds. -
"The bond is the first product of a wider Bank
effort, in collaboration with large institutional
investors, to direct large-scale institutional money
to tackling climate change. The Bank has raised
About Shariah Finance Continues In US. -
Advocates speak of Shariah finance as a form of
ethical investing. Opponents are concerned that it
could be controlled by, as well as provide financing
to, terrorist organizations. Shariah finance now
involves about $1 trillion in assets and growing by
as much as 15% a year. It is now a force to be
reckoned with and both the UK and USA authorities
want their respective financial markets to be open
Bank Sarasin Confirms Positive Impact Of
Sustainability On Share Performance. -
"Based on data provided by Bank Sarasin,
statistical analyses performed by the Centre for
Corporate Responsibility and Sustainability at the
University of Zurich (CCRS) in cooperation with the
Federal Institute of Technology (ETH) Zurich and the
Centre for European Economic Research (ZEW)
Mannheim, Germany, confirm that sustainable
investment is a winning strategy."
Sustainability has definitely become a key component
in the ethical stocks and bonds paradigm.
EIRIS Report Finds Most Large Companies Fail To Understand & Account For Environmental, Social & Governance (ESG) Risks. - [COMMENTARY] "The report categorizes companies according to risk in the areas of human rights, labor standards in the supply chain, environment, climate change, and bribery and corruption. With the exception of management of environmental risks, in which over 50% of high-impact companies demonstrated a good management response, high-risk companies have largely failed to mitigate risks in any area."
It seems that the boards of many companies still
have their heads in the sand. I believe that as our
financial system evolves with ESG factors and the
evolution of corporate social responsibility
reporting become increasingly important to analysts
and investors, corporate boards will need to get
more engaged to understand their full risk profile.
Otherwise, investors will price-in those
indeterminate risks and the company’s stock price
Social Responsibility (CSR) To Thrive Under
FairPensions Says F&C, Insight, Hermes, and Aviva Investors
Lead In UK Responsible Investment Practices.
"The bottom five, starting with the poorest ESG
performer, were Credit Suisse, Artemis, Scottish
Widows, State Street and Goldman Sachs. FairPensions
said bottom of the table managers often gave no
indication of any coherent approach to ESG and some
failed to meet industry best practices such as the
UK combined code on corporate governance." This
is an extremely insightful look into responsible
investment policies and environmental, social and
governance (ESG) issues as they are dealt with among
UK investment firms.
Bank Bailouts Significantly Increasing ’Moral
fascinating results representing the views of
investment professionals in the green/ethical
investing industry. They certainly contrast markedly
with those of the mainstream financial elites who
begged for government bail-outs!
Investment Research, Société Générale, and Cheuvreux,
Rated Tops In Europe For Socially Responsible
Investment (SRI) Research. -
"The [Thomson Reuters Extel/UKSIF 2008 Socially
Responsible Investing & Sustainability Survey]... is considered an industry benchmark in
European buy-side and sell-side developments,
represents the views of over 300 investment
professionals from 19 countries."
Nations Principles of Responsible Investment Sees
Big Funds Signing-Up To It’s Six Principles.
"In the past month alone, owners representing
more than $1,500bn (£914bn, €1,160bn) of assets have
signed up to the six principles of better long-term
equity ownership, bringing the total above
$18,000bn." Increasingly, huge institutional
investors are backing ethical investing principles.
This will make ethical stocks and bonds even more
attractive over the long term.
KPMG Says US Companies Issuing Sustainability
Reports Have Doubled Since 2005. -
"Of the top 100 U.S. companies by revenue, 74
percent published corporate responsibility (CR)
information in 2008 either as part of their annual
financial report or as a separate document, up from
37 percent in KPMG International′s 2005 research.
Globally, 80 percent of the Global Fortune 250
companies now release CR data, up from 64 percent in
the last KPMG International analysis in 2005."
Apparently, the primary driver behind companies
issuing sustainability reports is ethics! In 2005,
economics was the driver. If you have not done so, I
recommend you read my editorial,
We Need Mandatory Corporate Social Responsibility
New Book Release
Investing in a Sustainable World: Why GREEN Is the New Color of Money on
Wall Street, by Matthew J. Kiernan, AMACON 2008
Note: Articles are linked to the original source. Some sites may require registration, and may, or may not, archive stories. All links were active at the time of publication.
Disclaimer: Neither The Soul Investor nor Ron Robins make investment recommendations. Nothing in this newsletter should be interpreted as a recommendation or solicitation to buy/sell any securities or investments. The Soul Investor is a source of general information and resources for spiritual investing, ethical investing, and socially responsible investing (SRI). Investors should consider their actions thoroughly and consult their professional advisers prior to taking any investment action. The Soul Investor does not necessarily agree with the opinions expressed in articles in its newsletter or offered on the web pages to which it might be linked. Such opinions are the responsibility of the writers themselves. Furthermore, The Soul Investor does not offer or provide any warranties, representations, guarantees, implied or otherwise, as to the accuracy, legality, copyright compliance, timeliness or usefulness of the information, materials or services in this e-newsletter, or other sites, to which it might be linked.
The Soul Investor is a publication of Investing for the Soul, a registered business name in Ontario, Canada. Copyright © 2008 Ron Robins. All rights reserved.