E-newsletter of Investing for the Soul
July 30, 2007
Top ethical investing news stories for July 2007
Links may only be valid a limited time. Commentaries by Ron Robins.
Climate Change Corp
Picks Its 20 Top Climate Change Corporations
you are looking for ethical stocks and bonds, you might want to
check-out this list of corporations who, according to Climate Change
Corp.com, are environmental leaders. However, be sure to check with your
financial planner or investment advisor to get help with investing.
Mutual Funds Analyzed
By Their Carbon Footprint!
Trucost Plc has just released a study measuring the carbon footprint of
the holdings of 185 UK investment funds. The three funds with the lowest
carbon print are all socially responsible investing (SRI) funds. Trucost
is also likely to perform the same analysis for US funds. This kind of
analysis is a real boon for ethical investing.
Link To Goldman Sach's
Study Indicating Stock Price Outperformance Of Companies Selected By
Their Environmental, Social And Governance (ESG) Framework.
Goldman has developed its own ESG criteria, which certainly shows
promise. This is good reading for all those investing in ethical stocks
Cites Increasing Ethanol Demand To Increase Food Prices.
According to the article linked to below, 30% of US grain production by
the end of 2008 will go towards the production of ethanol! Most of the
food people eat - dairy products, poultry, eggs, etc., rely on corn as
the primary animal feedstock. As you know, corn prices are rocketing
upward. It seems crazy why energy conservation is not more rigorously
promoted. The reason is, unfortunately, that too many people - and
investors - have a stake in ever-expanding energy consumption. Where do
you stand on this issue? Are you investing in carbon related industries
and therefore seek higher outputs for higher profits? This is an
interesting question for all ethical investors, and those interested in
environmentally responsible investing.
Canadian Mining Report
Reviews Problem Mines.
First read the article linked to below, and then if you have the time,
the study which the article is based upon. The study really illuminates
both the good and the bad about mining ventures in the developing world.
As long as humans demand goods, mining will be with us. For all those
who will not invest in mining, then perhaps from an ethical standpoint
you should give-up your car -- and home too! These things all require
huge amounts of stuff that comes out of the ground. However, what we
should do, as ethical investors who believe in socially and
environmentally responsible investing, is to try and ensure, wherever
possible, that our investments go to companies with the best possible
corporate social responsibility (CSR) practices.
John P. Mackey,
Whole Foods Co-founder, Shows Dubious Ethics.
According to reports in The Wall Street Journal and The New
York Times, Mr. Mackey, under a pseudonym, Rahodeb, created a blog
that frequently criticized Wild Oats, possibly their principal
competitor and now a company they plan to takeover. This kind of
unethical activity from the chairman of a company espousing high moral
principles is highly disconcerting. I believe Whole Foods shareholders
should show their displeasure with him by campaigning to have him step
down as chairman and CEO of the company. Furthermore, from a pure
governance standpoint, no public company should have the same individual
be both board chairman and CEO. It can lead to conflicts of interest and
Thomson Extel/UK Social
Investment Forum Announce 2007 SRI & Sustainability Survey Results.
The survey provides significant insight into how the UK operations of
some of the world's largest investment companies engage in socially
responsible and sustainability corporate research. According to the
survey, the leading firms in this area are Citi Investment Research,
Goldman Sachs International and Société Générale.
Incidentally, ... a fascinating new book for anyone interested in spiritual experiences.
Book Links Brain
Structure To Spiritual Experiences.
"Neuroscientist Beauregard and journalist O'Leary mount a sweeping
critique of a trend in the pop science media to explain away religious
experience as a brain artifact, pathology or evolutionary quirk. While
sympathizing with the attraction such neurotheology holds, the authors
warn against the temptation to force the complex varieties of human
spirituality into simplistic categories that they argue are conceptually
crude, culturally biased and often empirically untested.
In recently published research
using Carmelite nuns as subjects, Beauregard's group at the University
of Montreal found specific areas of brain activation associated with
contemplative prayer." - Publishers Weekly.
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 © 2007 Ron Robins. All rights reserved.