E-newsletter of Investing for the Soul March 30, 2011
Top ethical investing news for March 2011
Links may only be valid a limited time Commentaries by Ron Robins
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Corporate Responsibility Magazine Announces Its 12th
Annual 100 Best Corporate Citizens List. -
[COMMENTARY] Their top three are Johnson Controls Inc.,
Campbell Soup Co. and International Business Machines Corp. You can
review their methodology in great detail should you wish too.
US Oil Giants Ask SEC To Eliminate Proxy Votes Related To Environment. - [COMMENTARY] "US oil majors including Chevron, Exxon Mobil and Occidental are seeking SEC approval to write off shareholder resolutions lodged by institutional investors on environmental issues from votes at their forthcoming annual general meetings (AGMs). Their lawyers have written to the US regulator seeking assurance that it will not act against them if the proposals are omitted from the shareholder proxy voting form ahead of the AGMs, according to SEC filings. The process is entirely legitimate."
I believe though this might be legal, it is a terrible
backward step. All ethical investors should be concerned about this. US
socially responsible investors and groups should let the SEC know how
they feel on this topic.
US Green Chamber Of Commerce Launched.
- [COMMENTARY] "The U.S. Green Chamber, launched last
weekend, is the evolution of the Green Chamber of San Diego, a spinoff
of a Chamber of Commerce chapter in San Diego County. Now, with a
national focus and an ever-expanding membership roster, the group hopes
to take its successes, and its membership of about 250 companies --
mostly in Southern California, but with some members across the country
-- and scale them up to the national level." I think the idea of
such an organization on the national and even international level is
long overdue. Ethical investors might want to pay attention to the
membership of this organization. It might just offer clues as to whom
they favour for their investments.
UK Government To Establish A Green Bank. - [COMMENTARY] "Chancellor George Osborne announced in yesterday’s Budget that the new bank will be launched next year, and will have £3 billion to promote green investment - treble the original sum proposed... The Chancellor said the bank would support low-carbon development where the returns were too long-term or too risky for the market to invest. He said it would lever in £15bn of private sector investment during the life of the parliament."
successful, many other governments may follow. However, I just hope that
it’s not government bureaucrats that really run it!
Can Companies Stay With US Chamber of Commerce If
Chambers Actions Contradict Their Policies? -
[COMMENTARY] "Resolutions will be filed at IBM and
PepsiCo asking them to explain their position." This is a valid
concern and reflects directly on their ethical, or unethical, behaviour.
Shale Gas Fracking Debate Heats Up. -
Two-Thirds Of The World’s Top 100 Brands Failing On Climate Change, Says EIRIS. - [COMMENTARY] "Looking back over the last three years, our analysis finds encouraging signs that companies have made improvement in their response to climate change in the shape of improved governance, better strategies and more disclosure. However, no company achieved an ‘advanced′ assessment in their response to climate change, suggesting significant scope for improvement remains."
This is a very good study that ethical
investors might want to review, courtesy of Responsible Investor.
UNEP Finance Initiative Issues Study On Passive
Responsible Investing. - [COMMENTARY]
"The following report presents eight case studies that demonstrate
how asset owners and investment manager signatories are meeting the
challenge of responsible investment within passive management strategies
for equities." This is more useful reading for ethical investors,
courtesy of Responsible Investor.
Deutsche Bank Releases Climate Change Investing Report. - [COMMENTARY] "A DB Climate Change Advisors (DBCCA) report released today, ’Investing in Climate Change 2011’, examines the risks associated with climate change investing across different asset classes and provides a framework to understand how asset managers can manage these risks. In the report, DBCCA argues that a major shift in investor attitudes is taking place: leading institutional investors around the world to undertake this analysis because of a growing realization of the potentially profound impact climate change may have on their existing portfolios."
More good reading for ethical
investors on the subject of climate change investing.
Ceres Critical Of Weak Corporate Climate Reporting Suggests How Such Reporting Should Be Done. - [COMMENTARY] "The Ceres report, developed with input from its 90-plus member Investor Network on Climate Risk, outlines generally weak climate disclosure to date by businesses and steps for improving such disclosure, especially in annual 10-K financial filings that are next due from companies by March 31, 2011. It comes just a week after the consulting firm Mercer issued a new study warning that climate change could increase investment portfolio risk by 10 percent over the next 20 years."
This type of positive commentary and encouragement for
better climate change reporting is greatly needed. Unless climate change
reporting is of a high standard, how can ethical investors and other
stakeholders understand what companies are really doing? Well done
Latest Commentaries by Ron Robins on Alrroya.com
Banks′ Cheap Money is Economic ‘Poison,′ March 10, 2011.
India, Ancient Economic Behemoth, to Overtake China, March 20, 2011.
America′s Economic Rebirth, March 24, 2011.
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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. 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.
The Soul Investor is a publication of Investing for the Soul, a registered business name in Ontario, Canada. Copyright © 2011 Ron Robins. All rights reserved.