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"Almost three-quarters of investors (74 percent) would be more likely to work with an advisor who could give them competitive investment returns from investments that also made a positive impact on society and 65 percent of investors would be more likely to stay with an advisor who could discuss responsible investing with them."
--
TIAA Global Asset
    Management
(USA)
    May 2016

"92% of Canadians say that it's important to choose investments that are aligned with their values. By contrast, only 14% of advisors raised the topic of RI [responsible investing] with their clients."
--
Deb Abbey referring
    to 2014 NEI study
    Investment
    Executive
   
(Canada) April 2015

"70% of people [in UK] want to invest ethically but the financial services industry is failing to respond." Referencing research by Abundance.
--
Acquisition
    International
   
(UK) June 2015

 

Ethical Investing News/Commentaries: Mar. 2009

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Commentaries by Ron Robins

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SustainableBusiness.com Issues Its Report: The State of Green Investing 2009. - [COMMENTARY] "In 2008, many green mutual funds, ETFs and individual stocks sunk 50-80%, while the Dow shed about 40%. But green investors can also expect their portfolios to rise higher than the overall market as it recovers... While the Dow is up 21% from its low in early March, cleantech indexes are up 30%." Again, with the massive 'green stimulus' passed recently by the US Congress, green related investments may well outperform the general market.
Report: The State of Green Investing 2009, March 31, 2009, SustainableBusiness.com, USA.

IFC-Mercer Report Shows Sustainable Investment At Over $300 Billion In Emerging Markets. - [COMMENTARY] "The research suggests sustainable investment assets under management in emerging markets have grown to over $300 billion or nearly 10 percent of total investment in emerging markets in 2008. Slightly more than $50 billion of assets identified represent funds labelled as sustainable investment, with the remainder reflecting mainstream institutional funds committed to integrating ESG within core investment processes. The IFC-Mercer report also produced the first rating on ESG practices of fund managers in China, India, South Korea, and Brazil." It is great to see sustainable investing growing even in countries with outstanding poverty.
IFC-Mercer Report Shows Sustainable Investment Is Rising In Emerging Markets, March 31, 2009, press release, IFC-Mercer, USA. (Go to the PDF file at the bottom of the press release for the complete report.)

The Prestigious Global Reporting Initiative (GRI) Calls On G20 To Lay The Foundations For Greater Transparency And Sustainability.  - [COMMENTARY] "The Global Reporting Initiative (GRI) today called on government leaders due to meet at the G20 summit in London on Thursday, to restore confidence in the global economic system through requiring greater transparency on environmental, social and governance (ESG) performance from our companies." It has been the lack of transparency and ethics, particularly among financial organizations, that has, and continues to be, a major factor in the present financial mess.
G20 Must Seize The Day And Lay The Foundations For Greater Transparency And Sustainability, March 31, 2009, press release, Global Reporting Initiative (GRI), UK.

New Standard For Corporate Sustainability & Responsible Investment Research Launched. - [COMMENTARY] "Seven leading corporate sustainability research organisations from across Europe have been certified against a new international Voluntary Quality Standard (VQS) for Corporate Sustainability and Responsible Investment research. Launched by the Association of Independent Corporate Sustainability and Responsibility Research (AI CSRR) the robust VQS has been developed to drive high quality research and analysis for organisations in the field." I have always advocated for some type of benchmarking for this type of research. Now it is finally happening. This is most beneficial for the advancement of ethical stocks and bonds research.
New International Voluntary Quality Standard (VQS) for Corporate Sustainability and Responsible Investment Research. March 30, 2009, press release, CSRR-QS, Belgium.

Survey: "Over Half Of All Boomers Believe They Live A more Satisfying Life By Having Fewer Material Possessions." - [COMMENTARY] This survey, from the 2009 Healthy Aging/Boomer Database® of the Natural Marketing Institute (NMI), provides insight as to how and where we might want to invest. It describes the profound changes taking shape by the world's biggest consumers.
Economic Volatility Creates Changing Boomer Paradigms, March 25, 2009, lohas.com, USA.

78% Of American Shoppers Value Green Sites. - [COMMENTARY] "The study [by 1&1 Web Host] polled 543 US adults finding that more than 60 percent of people admit to being swayed to purchase from an online shop if the website identifies itself as using green energy, reflecting consumer demand for companies to take their green efforts to use greener service providers, whether by choosing to run their websites from a green data center or by powering their servers on renewable energy." Ethical investors investing in online retailers might be interested in this survey.
78 Percent of Shoppers Value Green Sites: Study, by David Hamilton, March 26, 2009, Web Host Industry Review, USA.

Huge US Funds Manager TIAA-CREF To Engage In Effort To Avoid Companies With Ties To Genocide. - [COMMENTARY] "In an important victory for the cause of genocide-free investing, Investors Against Genocide has announced it withdrew its shareholder proposal from the proxy ballot for TIAA-CREF's July shareholders' meeting. This announcement follows TIAA-CREF's decision to vigorously engage PetroChina and other problem companies partnering with the Government of Sudan and to divest from those companies if they continue to substantially contribute to genocide or crimes against humanity. TIAA-CREF's policy applies to the ongoing genocide in Darfur, Sudan, as well as to future genocides."

As was the case with funds and banks boycotting apartheid South Africa, so divesting from companies with ties to regimes associated with genocide could gain real momentum.
TIAA-CREF Announces Escalation in Efforts to Avoid Investments in Companies with Ties to Genocide, press release, March 26, 2009, Investors Against Genocide, CSRwire, USA.

TARP Banks Rebuff Shareowner Request to Create Economic Security Committees. - [COMMENTARY] "Shareowner proposal introduced by Harrington Investments is excluded from proxy ballots by the SEC, and Bank of America and Citigroup refuse a direct request from Harrington to form a board-level committee." After reading this item, a reader has to conclude that the financial elites will go to any lengths to protect their interests--even if it is at the expense of the public interest.
TARP Banks Rebuff Shareowner Request to Create Economic Security Committees, by Robert Kropp, March 26, 2009, SocialFunds.com, USA.

Switzerland's Ethos Urges Shareholders To Reject New UBS Pay System. - [COMMENTARY] "Ethos said the new UBS pay plan includes a bonus-malus system - with the bonus calculated over several years and only reducible by a malus in the case of underperformance - as well as a share-based incentive plan. It said that, under the new system, some UBS bankers could still receive variable payments worth up to 90 percent of total pay, which could create the wrong incentives and lead to 'excessive risk-taking'... 'Ethos voting guidelines stipulate that the variable part of remuneration should in principle not exceed 50 percent of total remuneration,' it said. Personally, I believe there might be certain situations where big bonuses are appropriate. However, they must be tied to longer term performance and profitability measures and not spur unethical behaviour.
UPDATE 2-UBS shareholders urged to reject new pay system, March 25, 2009, Reuters, Switzerland.

Useful, Brief Primer On Shariah Stock Screening. - [COMMENTARY] "Sharia-compliant investment management is concerned with investments in assets that are in compliance with Islamic law. An Islamic investor is not allowed to invest in companies that derive most of their revenue from non Sharia-compliant business activities, or that use interest in operating or financing their business. In the context of investing in equities, screening for Sharia compliance is ensured using two main screens: business activities and financial ratios." Many ethical investors and analysts might like to read this article for insights they could apply to their own investment analysis.
Sharia stock screening gains ground, by Zaineb Sefiani, March 26, 2009, Emirates Business 24/7, United Arab Emirates.

'Say On Pay' Non-Binding Shareholder Resolutions Becoming A Feature At Canadian Company Annual General Meetings. - [COMMENTARY] "Over the past month, 10 of Canada's largest companies have agreed to give investors a non-binding annual vote on chief executive officer pay - a practice known as say on pay - and Mr. Hawton anticipates many more will voluntarily adopt the practice as it enters the mainstream." The furor surrounding the AIG bonus situation may well change senior level compensation packages in public companies for years to come.  But special compliments need to be paid to Gary Hawton for pioneering say on pay resolutions in Canada for the past several years. Companies with declining revenues yet with executive compensation hundreds of times the annual pay of company employees, is simply unethical and irresponsible.
Amid Wall Street bonus furor, Canadian boards pay heed, by Janet McFarland, March 24, 2009, The Globe & Mail, Canada.

Dell Rated Tops In Recycling. - [COMMENTARY] "The survey by Strategic Oxygen and Cohn & Wolfe of more than 3,500 CIOs, chief officers, IT managers, line of business managers and other top IT enterprise decision-makers also recognized HP, IBM and Microsoft for having energy efficient products and using eco-friendly materials." We are witnessing monumental changes towards sustainability by the world's largest electronics manufacturers. Research indicates that such moves towards sustainability can positively improve product sales and reduce corporate waste and costs. It is win win for everybody. Hopefully, in the long run, for investors too!
Corporate IT Buyers Rank Dell No. 1 for Its Recycling Program: Study, March 20, 2009, GreenBiz, USA.

US Insurance Regulators Requiring All Insurance Companies With More Than $500 Million In Annual Premiums To Disclose Climate Change Risks & Plans To Deal With It. - [COMMENTARY] "The National Association of Insurance Commissioners (NAIC) today adopted a mandatory requirement that insurance companies disclose to regulators the financial risks they face from climate change, as well as actions the companies are taking to respond to those risks." Great news for policyholders as well as for ethical investors looking for insurance stocks that are good to invest in.
Insurance Regulators Adopt Climate Change Risk Disclosure, March 17, 2009, press release, National Association of Insurance Commissioners, USA. Also, Insurers Must Reveal Climate Change Risks, March 19, 2009, ClimateBiz, USA.

MBA Students Seek Long Term Focus In Curricula (2). - [COMMENTARY] "Nine out of ten respondents say that a focus in business on short-term rather than long-term results has been one of the contributing factors to the global financial crisis. Just 24% of respondents strongly agree that they are learning how to make business decisions that will help avert similar crises. In addition, a majority of the students surveyed strongly agree that there is a need for business schools to introduce other financial models into the curriculum, specifically models that take long-term social impacts into account." Wow, what a change in a few short years! Another example that the short-term anything goes mentality is giving way to a new higher holistic consciousness.
New Leaders: New Perspectives. A Survey of MBA Student Opinions on the Relationship between Business and Social/Environmental Issues. By Net Impact in partnership with the Aspen Institute Center for Business Education, USA.

US Population Less Convinced About Global Warming. - [COMMENTARY] "Although a majority of Americans believe the seriousness of global warming is either correctly portrayed in the news or underestimated, a record-high 41% now say it is exaggerated. This represents the highest level of public scepticism about mainstream reporting on global warming seen in more than a decade of Gallup polling on the subject." This will be an important trend to watch!
Increased Number Think Global Warming Is “Exaggerated.” Published on lohas.com. Source: Gallup Polling, USA.

UN Proposes $750 Billion In Green Spending To Revive World Economy & Protect Environment. - [COMMENTARY] "The UNEP report said investments of one percent of global gross domestic product, or about $750 billion, could bankroll a 'Global Green New Deal' inspired by the 'New Deal' of U.S. President Franklin D. Roosevelt that helped end the depression of the 1930s... Investments should be split between more energy efficient buildings, renewable energies, better transport, improved agriculture and measures to safeguard nature -- such as fresh water, forests or coral reefs, it said."

This may sound a little heretical to many readers, but I do wonder about soaring government debt issuances which these policies require and which 'crowd-out' the debt markets for small green companies trying to get financing. Furthermore, I believe private capital has a better chance of creating successful green enterprises than government bureaucracies are able to do. Let governments give green businesses a level playing field and stop the outrageous tax benefits, write-offs, indirect supports, and bailouts that the dirty carbon industries get!
$750 billion "green" investment could revive economy: U.N., March 19, 2009, UNEP, Norway.

Swiss Assets: Sustainable Investments Fall A Little Less Than Other Assets Classes In 2008. - [COMMENTARY] "The study by Zurich-based onValues said the value of sustainable investments held in Swiss funds, mandates and structured products fell 39 percent in calendar 2008 to 20.9 billion Swiss francs ($17.56 billion). This percentage fall was lower than for comparable fund categories -- mainly equities funds and balanced funds -- whose assets fell by 40.2 percent in the same period to 214 billion Swiss francs." The Swiss experience typifies what has and is happening to sustainable investing in most developed countries. However, with massive green stimulus packages underway, particularly in the US, it is possible that some sustainable investments might outperform in the years ahead.
Swiss sustainable investment assets hit by downturn, March 13, 2009, Reuters in The Guardian (UK), Switzerland.

Norway's Giant Oil Fund Bars China’s Dongfeng Motor Group Co. Ltd.; Is Reviewing Siemens AG For A Possible Ban. - [COMMENTARY] "The $297 billion fund will be barred from investing in Dongfeng Motor on a recommendation from the Council on Ethics because of sales of military trucks to Myanmar, the Finance Ministry said in Oslo today... Germany’s Siemens AG, Europe’s largest engineering company, was put under observation because of the 'gross and systematic corruption the group has been involved in over many years,' Norway said." Norway's giant fund continues to demonstrate leadership in its selection of ethical stocks and bonds. It is worthwhile for ethical investors to always take not of what this fund does.
Norway Bans Dongfeng From Oil Fund; Siemens on Watch (Update3), by Marianne Stigset, March 13, 2009, Bloomberg, Norway.

Survey: Business Students Want Companies To Address Environmental & Social Issues (1). - [COMMENTARY] "... 77 percent of MBA students view acting responsibly as a way to increase corporate profits, a figure that has grown since 2006, when 60 percent of students saw the correlation between CSR and profitability in Net Impact's first study." It seems that business students really appreciate the advantages of using corporate social responsibility.
MBA Students Say Businesses Should Address Green and Social Issues, March 12, 2009, GreenBiz, USA.

Recession Slowing Corporate Social Responsibility Initiatives. - [COMMENTARY] "The [Booze & Co.] survey reveals that 40 percent of respondents expect green and other corporate social responsibility (CSR) initiatives to significantly slow due to the downturn, while 29 percent of respondents don’t believe it will delay green projects. The pullback will be especially evident in transportation and energy industries, with, respectively, 51 percent and 47 percent of respondents in those industries saying CSR agendas will be delayed." While business students (see above) understand the advantages of using corporate social responsibility, it seems many companies still view it as an expense that can be cut when times get tough.
Survey: Recession Slows Corporate Sustainability Efforts, March 11, 2009, Environmental Leader republished at lohas.com, USA.

New Index Series Tracks Gender Equality. - [COMMENTARY] "'What we found to be especially interesting in our research was the positive correlation between gender diversity in Boards of Directors and senior management and the quality of earnings reported by companies," Gorte continued... The Index series will include large and mid cap companies that recruit, retain, and promote women.'" This will be a fascinating index series to watch and to see how it influences both corporate management and investor behaviour. Will the best socially responsible stocks to invest in be led by women?
Goal of New Index Series Is to Advance Gender Equality, by Robert Kropp, March 11, 2009, Social Funds, USA.

Investors With $55 Trillion In Assets Want More Corporate Action On Carbon Emissions Reductions & Strategies. - [COMMENTARY] "Investors that are signatories of the Carbon Disclosure Project (CDP), a nonprofit organization which acts as an intermediary between shareholders and corporations on climate change issues, want the companies in which they invest to do more than just disclose climate and carbon information. The CDP signatories, who manage $55 trillion in assets, want companies to take such additional actions as adopting emissions reductions targets and developing low carbon solutions as well."

The survey of institutional investors supports the view that analysts are increasingly incorporating climate change factors in their analytical methodologies. The survey results were compiled by Mercer.
Investors Want More Disclosure of Climate Risk Data from Corporations, by Robert Kropp, March 10, 2009, Social Funds, USA.

CRO Magazine Says Bristol Myers-Squibb, General Mills, Inc., & IBM Corp. Are 2009's Top Corporate Citizens In Its Top 100 List. - [COMMENTARY] "... the methodology used to compile this year’s 100 Best list was debated and voted on in open session by 27 leading corporate responsibility practitioners representing nine major industry segments October 2008 at the CRO Conference in Chicago." Of course, in such lists, one has always to pay attention as to how they are compiled. Most of these companies are considered among the most popular stocks that are good to invest in by SRI funds.
100 Best Corporate Citizens 2009, March 9, 2009, CRO Magazine, USA.

Christian Brothers Survey: Human Trafficking & Abortion Top Issues Of Concern Among Catholic Institutional Investors. - [COMMENTARY] Other issues of concern are, "... companies that support governments engaged in genocide or terrorism... environmental justice, sweatshops/contract supplier standards, and access to water and responsible use of water resources... 85% of Catholic institutional investors believe that active ownership has a positive impact on corporations." Morally conscious investing is huge. In America, one dollar in nine is invested in portfolios that screen-out investments engaged in activities such as those cited above. Spiritual investors will find the results of this survey useful.
Christian Brothers Investment Services Announces Results of New Catholic SRI Survey, press release, March 9, 2009, Christian Brothers Investment Services, USA.

New US Low Carbon Index Launched By S&P. - [COMMENTARY] "The S&P U.S. Carbon Efficient Index is composed of a subset of constituents in the S&P 500 with a relatively low Carbon Footprint while maintaining at least 50% of the original weight representation for every GICS® sector in the S&P 500. The Carbon Footprint is calculated by Trucost PLC and is defined by the company’s annual greenhouse gas (GHG) emissions assessment, expressed as tons of carbon dioxide equivalent (CO2e) divided by annual revenues." With its emphasis on capturing large-cap, low carbon, S&P 500 companies, this index could prove useful to many green and ethical investors. No doubt various ETFs and index-based funds will be created from it.
S&P U.S. Carbon Efficient Index, March 9, 2009, Standard & Poor's, USA.

European Study Shows No Outperformance Of SRI Funds During 2002-7. - [COMMENTARY] "'None of the socially responsible investment equity funds available to European investors produced alpha or outperformance, according to an EDHEC Risk and Asset Management Research Centre study released today... 'SRI security selection in itself does not lead to outperformance,' the report said. 'Our results show that SRI fund performance is accounted for instead by style biases and market cycles.'"

This author is just saying that there are still no magic SRI formulae for stock market outperformance. However, as I have argued many times we can at least invest according to our values and still likely enjoy conventional returns. But I still believe that investment analysis incorporating ESG (environmental, social and governance) and ethical factors will over the long-term provide superior market returns.
EDHEC: No alpha from SRI funds for Europeans, by Barry B. Burr, March 9, 2009, Pensions & Investments, USA.

Major Companies Getting Their Suppliers To Disclose Carbon Emissions & Reduction Strategies. - [COMMENTARY] "Nearly three dozen companies -- including heavy hitters such as Johnson and Johnson, P&G, Johnson Controls, Boeing, Dell and PepsiCo -- called on thousands of their major suppliers to disclose emissions and reduction strategies through the Carbon Disclosure Project. Of the more than 2,300 suppliers asked to participate in the disclosure, 634 responded, the vast majority of which -- 71 percent -- were divulging their emissions and mitigation strategies for the first time. Fifty-eight percent of respondents acknowledged climate change risks." It is a sign of the times that we see environmentally conscious major corporations encouraging greater environmental engagement from their suppliers.
A Third of Global Suppliers Unaware of Climate Change Risks: CDP, March 6, 2009, ClimateBiz, USA.

Study Finds E-Purchases Greener Than Bricks & Mortar Shopping. - [COMMENTARY] "The transaction studied was the purchase of a flash drive and its journey from the manufacturer ultimately to the customer's home. The e-commerce business that was focused upon in the study was Buy.com, a member of the Green Design Consortium at Carnegie Mellon's Green Design Institute. Researchers found that Buy.com's business model for such a transaction involved 35 percent less energy consumption and carbon dioxide emissions than a traditional retail shopping model." If, despite the present economic situation, you are interested in retail stocks, this research might shed some light on your options.
Study Finds E-Shopping Greener Than Traditional Retailing, by Leslie Guevarra, March 6, 2009, GreenBiz.com, USA.

New Report: Sustainable Pharmaceutical Business Models And Global Health Outcomes In Emerging Markets. - [COMMENTARY] This detailed new report by Pharma Futures is a fascinating study of the potential future shape of the pharmaceutical industry in the developing world. However, cost vs. availability of life saving drugs in the developing world continues to be a major issue. From my perspective, traditional medicine also needs to be fully evaluated. However, since it is difficult for big pharma to patent such medicines, they have so far shown little interest in this area. But I have heard that some drug companies are having second thoughts here.
Pharma Futures 3: Emerging Opportunities, March 2009, UK.

SIRAN: Corporate Responsibility Gaining Ground In Emerging Markets. - [COMMENTARY] "By using a subset of EIRIS’ assessment methodology and publicly available documentation, 40 leading companies in ten emerging markets were examined and each company was assessed against key environmental, social and governance (ESG) criteria... This study’s findings indicate that the majority of the 40 emerging market companies have shown evidence of addressing at least some ESG issues in their public disclosures."

SIRAN is a network of 150 investment analysts in North America, supporting the ESG research work in more than 30 investment related firms. It's terrific to see companies in emerging markets seeing the advantages of using corporate social responsibility.
A Review of ESG Practices in Large Emerging Market Companies, March 2009, SIRAN, USA.

Pollution Cap Could Boost 1,200 US Companies. - [COMMENTARY] "Legislation that puts a cap on greenhouse gas pollution will spur job expansion in a dozen manufacturing states in the U.S., according to the Environmental Defense Fund. The environmental group published on Friday an online interactive map identifying more than 1,200 companies that stand to benefit from future climate change legislation." Indeed, a re-alignment of dollar flows from carbon producers to green and greener companies could soon take place.
EDF Maps 1,200 Companies Poised to Benefit from Climate Laws, March 2, 2009, GreenBiz.com, USA.

The Sunday Times (UK) Publishes 'The Rich Green List.' - [COMMENTARY] "This first Sunday Times Green Rich List shows that the enthusiasm among the world’s wealthiest for investments in areas as diverse as electric cars, solar power and geothermal energy is unaffected by the recession." It's inspiring to read how the world's richest people are putting their money into green and sustainable investments.
The Green Rich List, by Philip Beresford, March 1, 2009, The Sunday Times, UK.

The Uptime Institute Publishes Its List Of The World's 100 Greenest Companies. - [COMMENTARY] "The list highlights the significant energy efficiency achievements of global corporations operating major data centers. It includes exemplary FORTUNE 500 and InformationWeek 500 organizations with a demonstrated board-level policy and governance commitment to increasing energy efficiency and reducing the carbon footprint of their enterprise IT and data center operations." These are certainly among the world's most environmentally conscious major corporations. You have to suspect that there is a correlation between a company's focus on green IT and their commitment to sustainability.
The 100 Top Green IT Companies, February 27, 2009, Uptime Institute press release on lohas.com, USA.

2009 Shareholder Resolutions Related To Climate Change Projected To Increase By 10%. - [COMMENTARY] "By mid-February, shareholders had filed 337 resolutions related to sustainability, up 10% from this time last year, according to RiskMetrics, the proxy advisory firm. It expects the total to exceed the 410 resolutions filed by investors in 2008." Clearly, the bad economy is not dampening shareholder enthusiasm to get companies to be more green.
Analysis: investors – Green with anger, by John Russell, February 27, 2009, Ethical Corporation, UK.

Poll: Americans Believe Corporate Ethics Are Poor. - [COMMENTARY] A Knights of Columbus poll  found that, "76% [of Americans] believe that corporate America's moral compass is pointed in the wrong direction, 58% of corporate executives agree; and a majority of Americans, and two-thirds of executives, gave a grade of D or F in ethical matters to the financial and investment industry." These results are not unexpected considering the economic downturn we are experiencing. However, perhaps people need to look at their own actions first before criticising those of others. How many of them are applying higher values to their own investments?
Majority of Public Believes Corporate America Needs New Moral Direction, press release by Knights of Columbus in EarthTimes.org, USA.

Alcoa, Hess & Time-Warner Rated As Tops In Environmental & Sustainability Reporting Among New York Based Firms. - [COMMENTARY] "The Roberts Environmental Center of Claremont McKenna College (CMC) today released a detailed analysis of the social responsibility reporting efforts of New York's top corporations. Titled 'Analysis of Sustainability Reporting in New York Public Companies,' the report contains a compilation of Pacific Sustainability Index scores evaluating the environmental and social reporting of the 91 New York companies on the 2008 Fortune 1000 list... The report scores companies based on the reporting, intent, and performance of environmental and social sustainability efforts. The research, based entirely on material released on the firms' Web sites..."

The report makes fascinating, detailed reading, and demonstrates to all companies the advantages of using corporate social responsibility.
New Report Grades Sustainability Reporting of New York Fortune 1000 Companies, press release, February 24, 2009, Claremont McKenna College, USA. Download full report (PDF 8MB)

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Disclaimer: This website does not make investment recommendations. Nothing in this site should be interpreted as a recommendation or solicitation to buy/sell any securities or investments. Investing for the Soul 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 financial advisers and other professionals, prior to taking any investment action. This website does not necessarily agree with the opinions expressed in articles on its pages or offered on the web pages to which it might be linked. Such opinions are the responsibility of the writers themselves. Furthermore, this site 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 on this, or other sites, to which it is linked. Also, Mr. Ron Robins is not an investment advisor, nor is he licensed with any professional investment related body, and thus is not able to, nor does he make, any investment recommendations.

 

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