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by Ron Robins
allows me to cover more--and breaking news--to help you do better!
Faith-Based Funds Outperform Market &
Most SRI Funds Says New Study. -
"[The study] examines the performance of these faith-based funds over
three different five-year periods from May 2001 to February 2008. By
applying a comprehensive set of tests, the authors find evidence that
faith-based funds mostly outperform the market. The results also suggest
that faith-based funds do better than socially responsible investing
funds in general."
like a fascinating study. It has been my contention for four decades
that investments based on ethics and higher values will eventually
demonstrate the best long term returns. But to get a copy of this study
The Impact of Faith-Based Screens on Investment Performance, by
Esmeralda O. Lyn and Edward J. Zychowicz of the Frank G. Zarb School of
Business, Hofstra University, Hempstead, NY, USA.
Virtue May Now Trump Vice. -
"’Up until now, probably the evidence might lean towards the ’sin’
category doing a bit better, but I’m not sure going forward that would
still be the case,’ says Ron Robins, a former investment analyst and
founder of the ’Investing for the Soul’ website." Out today, a
Wall Street Journal article quotes me extensively on my thoughts
about sin versus ethical investing. However, you do need a subscription
to the Journal to see the full article. Individual copies of the
article can also be purchased though.
GETTING PERSONAL CANADA: Virtue May Now Trump Vice, by Monica
Gutschi, August 11, 2010, The Wall Street Journal, USA.
Shareholders With 3% Or More Shares Can Nominate
Directors, Says US SEC. -
"The Securities and Exchange Commission today adopted changes to the
federal proxy and other rules to facilitate the rights of shareholders
to nominate directors to a company’s board... Under the rules,
shareholders will be eligible to have their
nominees included in the proxy materials if they own at least 3 percent
of the company’s shares continuously for at least the prior three
great news for all those interested in environmental, social and
governance (ESG) issues. It means it will be easier to get ESG oriented
directors nominated, and hopefully on the boards of companies.
SEC Adopts New Measures to Facilitate Director Nominations by
Shareholders, August 25, 2010, U.S. Securities Exchange Commission,
New US proxy access rules a “win-win”, says CalPERS, by Daniel
Brooksbank, August 26, 2010, Responsible Investor, UK.
Apple Refuses to Participate In UK Cell
Phone Green Ranking. -
"The UK has started up its own green ranking system for mobile
handsets, but Apple wants no part of it. The company has refused to
allow the iPhone to be included in the system by O2, but its reasons for
declining the opportunity aren’t exactly clear... But Apple doesn’t want
to take part. A spokesperson from Apple wouldn’t clarify the reasons,
either, only citing
Apple’s online environmental reports for its products (which provide
very, very limited information about the products life cycle analysis)."
have something to hide? Do they fear their iPhone would show poorly in
Apple Refuses To Take Part In UK’s First Green Cell Phone Ranking
System, by Jaymi Heimbuch, August 25, 2010, Treehugger, USA.
Climate Counts Updates Its Corporate
Sustainability Scores. -
"The latest update to the Climate Counts scorecard, released today by
the nonprofit group launched in 2007 with support from Stonyfield Farm,
reflect general improvement in sustainability issues, but huge
differences remain sector by sector, and industry as a whole is failing
to meet the climate challenge." For ethical investors, these
findings are always useful to look at.
Pharma Leads, Toy Makers Lag in Latest Climate Counts Scores, by
Climate Biz, August 19, 2010.
Ceres Leads 50 Institutional Investors
Asking Oil & Gas Companies To Disclose Their Emergency Plans For Oil Rig
"A coalition of mostly institutional investors is demanding oil and
gas companies disclose their existing safeguards and plans
of action in the event of another offshore rig disaster and possible oil
spill like the one experienced by BP PLC and other companies in the Gulf
of Mexico." The responses to this request will be watched by the
entire investment world. The companies have a duty to be fully
transparent and ready for criticism concerning their plans.
Investors Ask Oil, Insurance Groups to Disclose Safety Plans,
August 5, 2010, Nathanial Gronewold, Greenwire in The New York
India May Institute Mandatory CSR
"Corporate social responsibility (CSR)... will now be made mandatory
for corporate India, sources in the Ministry of Company Affairs told
CNBC-TV18. If approved, companies will have to spend 2% of the average
net profit on CSR." I have been calling for mandatory CSR reporting
for many years. It is great to see both developed and developing
countries getting with it. See:
Call for Mandatory Corporate Social Responsibility Reporting and
We Need Mandatory Corporate Social Responsibility (CSR) Reporting.
Mandatory CSR not a great idea, feels India Inc., August 5, 2010,
The International Integrated Reporting
Committee (IIRC) Plans To Develop Company Annual Reports That Integrate
"The IIRC′s remit is to create a globally accepted framework for
accounting for sustainability. A framework which brings together
financial, environmental, social and governance information in a clear,
concise, consistent and comparable format - put briefly, in an
’integrated’ format. The intention is to help with the development of
more comprehensive and comprehensible information about an
organization′s total performance, prospective as well as retrospective,
to meet the needs of the emerging, more sustainable, global economic
This initiative is extremely timely and led
by some outstanding individuals and organizations. What they aim for is
something I have desired to see accomplished for two or three decades. I
wish them great success!
Formation of the International Integrated Reporting Committee (IIRC),
press release, August 2, 2010, IIRC, UK.
Something Different: The Quest For Gross
National Happiness. -
"In Bhutan, the economic challenge is not growth in gross national
product, but in gross national happiness (GNH). I went to Bhutan to
understand better how GNH is being applied. There is no formula, but,
befitting the seriousness of the challenge and Bhutan’s deep tradition
of Buddhist reflection, there is an active and important process of
national deliberation." This is the kind of debate all societies
need. Human induced climate change, excessive debt, and resulting
recessions and depressions, are the result of not first finding lasting
fulfillment within ourselves.
Happy growth in a Buddhist economy, by Jeffrey D Sachs, August 28,
2010, TODAYonline, USA.
Commentaries by Ron Robins on Alrroya.com
Unethical Statistics Lead us Astray, August 3, 2010.
The Coming 21st Century Global Trade War? August 6, 2010.
The Ethics of Gold, August 24, 2010.
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
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
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The Soul Investor is a
publication of Investing for the Soul, a registered business name
in Ontario, Canada. Copyright © 2010 Ron Robins. All rights