E-newsletter of Investing for the Soul July 30, 2008
Top ethical investing news stories for July 2008
Links may only be valid a limited time Commentaries by Ron Robins
Environmental Protection Agency (EPA) Now Has 200
Companies In Its Climate Leaders Program.
"EPA’s Climate Leaders represent more than ten
SustainableBusiness Lists Their Top 20 Global
Sustainable Businesses. -
If you are looking for sustainable stocks that are
good to invest in, this is a list you might want to
look at. Always get help with your investing from a
RepuTex Rates Carbon Emissions of Companies In The
S&P ASX300 index. -
The most highly rated companies in their analysis
include Babcock & Brown Wind, Arrow Energy,
Queensland Gas Company and Sims Group. The rating of
an individual company’s carbon emissions is becoming
mainstream. However, the rating techniques
themselves still need to be standardized.
Launched For Faith Groups On Influencing Corporate
The Guide is co-sponsored by The Ecumenical Council
for Corporate Responsibility (ECCR), responsible
investment specialists EIRIS and Ethical Screening.
"[It] aims to support church members, faith
communities and other responsible investors in
influencing companies on the basis of Christian and
On Its Company Engagement Activities In Canada.
The report covers SHARE’s initiatives with 87
Canadian companies, many from the resource
extractive industries. The advantage of using
corporate social responsibility is increasingly
being seen by companies as necessary to expand their
operations and as a means to show that their stocks
are good to invest in.
Sustainability Reporting By S&P 100 Companies Makes
Great Gains Between 2005-2007. -
"More than half of the United States′ 100 largest
publicly traded companies now report on their
sustainability efforts, and more than a third now
incorporate elements of the Global Reporting
Initiative (GRI) sustainability reporting
guidelines... " This is great news. I still say
however, that for public companies there should be
standardized environmental, social and governance (ESG)
reporting. Furthermore, these reports should be
independently audited too! Only then can investors
and other stakeholders be really convinced that what
is being presently is honest and comparable across
companies and industries.
EIRIS Releases Study On Climate Change Reporting By
The 300 Largest Companies In The FTSE All World
This study is worthwhile reading for all investors.
How companies deal with their climate change issues
will likely have a significant bearing on their
long-term stock prices. Companies that focus on
sustainability may well lead in investment
returns in the years ahead.
Business In The Community’s Corporate Responsibility
Index Provides Useful Insight On CSR In UK &
International Companies. -
"Since 2002, when it was launched, 280 of the
largest companies in Britain have measured
themselves via the index. It is in essence no more
than a benchmarking tool that allows companies to
assess their performance on Corporate Social
Responsibility, discover their strengths and
weaknesses, and compare themselves to peers... Over
the past year alone, 126
Says 99% Of Responding Investment Analysts Use ESG In Their
Analysis, Though Only 23% Label
Themselves As SRI Investors. -
ESG (environmental, social and governance) factors
are now clearly in the minds of investment analysts,
whether they be SRI (socially responsible investors)
or not. Mercer continues excellent work in promoting
and assessing what is happening in the investment
world concerning these matters.
Confirms Difficulty Of Funds Integrating
Environmental, Social & Governance (ESG) Factors Due
To Short Term Bias. -
"European pension funds are having trouble
integrating long-term environmental, social and
governance factors into their investment portfolios
because of their asset managers′ and consultants′
focus on the short term, according to a survey
published by Swiss ESG researcher ASSET4 and
Germany′s Federal Environment Ministry." Such a
bias may well harm long-term results. Pension
and fund holders need to question their fund
managers on this topic and re-negotiate their terms
Goldman Sachs and Société Générale Named Best
Providers Of Extra-Financial Issues (EFIs) By The
Enhanced Analytics Initiative (EAI). -
Extra-financial issues include environmental, social
and governance factors. "The 30-member EAI
initiative collectively owns or manages around €2
trillion (US$3trn) of assets."
Pictet, Says Socially Responsible Companies Have
Less Of A Carbon Footprint. -
"Pictet claims a socially responsible global
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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.