E-newsletter of Investing for the Soul April 29, 2009
Top ethical investing news for April 2009
Links may only be valid a limited time Commentaries by Ron Robins
Ethisphere Publishes Its 2009
Edition Of The World’s Most Ethical Companies.
"This year, 99 companies made the cut.
Twenty companies dropped off the list from last year, and 25 companies
were newcomers. A remarkable 44 companies are “three-peats,” making the
list for the past three years." No-doubt that Ethisphere has
a robust selection criterion. But when the top three companies cited are
all in the US aerospace and defence industries, their criteria just do
not sit right with me.
BankTrack Creating ESG Bank
Profiles On World’s Major Banks.
"The bank profiles aim to provide both bank campaigners and
professional observers of bank activities a ‘one stop′ overview of the
state of sustainability commitments of banks. The profiles feature key
facts, all relevant voluntary ESG commitments, internal ESG policies,
possible Equator Principles commitments, as well as a rating of the
quality of all ESG commitments in a number of key sectors and on key
issues." This will be one site to regularly visit if you are
interested in socially conscious banks.
European SRI Fund Sales Increase
Even Though Overall Fund Sales Were Met With Redemptions.
"Sales of European SRI funds remained
positive during February this year with net inflows for the sector of
€599m and continue to buck the trend of mainstream equity funds which
saw withdrawals of €2.8bn over the month, according to the latest
available figures compiled for Responsible Investor by Lipper Feri, the
investment data group." I believe investors are finally realizing
that ethical stocks and bonds are likely to outperform over the longer
SRI Fund Launched For Africa.
"The Africa Sustainability Passive Equity Fund, offered to
institutional investors by Mauritius-based Sustainable Capital, will
India’s First Shariah Fund
Attracts Mostly Non-Muslims. -
"The Shariah fund called Taurus Ethical Fund launched by Taurus Asset
Management Company has attracted bulk of the investment from the
non-Muslims. It is the country’s first actively managed equity oriented
Shariah compliant diversified fund. Waqar Naqvi, chief executive, Taurus
Asset Management Co said about 70 percent of the corpus has come
from non-Muslims." The hunger for quality religious and ethical
funds will only continue to grow worldwide as ethics, environmental,
social, and governance issues come to the fore.
India’s Karmayog Announces CSR
Ratings On 1,000 Indian Companies.
Karmayog is probably India’s foremost corporate social
responsibility rating organization.
GE Wins Top Sustainability Award
From Ceres. -
Corporation has earned the top sustainability reporting award at the
2009 Ceres Conference in San Francisco, California. The winners of the
Ceres-Association of Chartered Certified Accountants (ACCA) reporting
awards also included Seventh Generation, Ball Corporation, Symantec, the
Vancouver Organizing Committee for the 2010 Winter Games and Dell Inc."
This award encourages something dear to my heart--reliable and
comprehensive environmental, social and governance reporting. Well done
GE and the other award winners.
New Blog Of Interest To Ethical
[COMMENTARY] "This is
UKSIF′s blog on creating a robust operating framework for sustainable
and responsible financial services. It covers laws, regulation, fiscal
measures, voluntary standards, skill requirements and cultural norms."
This could be an important place to go for all the latest ideas on
creating a more responsible financial environment from an ethical
International Energy Agency (IEA)
Says Grain Ethanol Better Than Gasoline For Environment.
"... greenhouse gas emissions (GHGs) from corn ethanol are now some
39 percent less than gasoline... ’A lot of the stories circulating
(about corn ethanol) in the past year were relying on sources that were
very old and were inaccurate,” said Robin Speer, vice president public
affairs, Canadian Renewable Fuels Association (CRFA)... the data people
were using was from the late 80s and 90s. Farming practices today are
extremely different than how it was back then,’ he told the Cleantech
Group today... The IEA, a 36-year old intergovernmental organization...
advises its 28 member countries on energy policy, commissioned the
study." It looks like the ’corn wars’ are going to a new level.
Trucost Discloses Carbon
Footprints For US Mutual Funds. -
"For the first time ever, investors and fund managers are now able to
compare the carbon footprints of leading U.S. mutual funds, thanks to a
report released today by Trucost, the world’s foremost environmental
data & research company. The report shows that the carbon intensity of
mutual funds varies widely, with the highest-carbon fund found to be 38
times more carbon intensive than the fund with the smallest carbon
footprint." Useful to look at for American ethical investors.
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 © 2009 Ron Robins. All rights reserved.