E-newsletter of Investing for the Soul June 29, 2008
Top ethical investing news stories for June 2008
Links may only be valid a limited time Commentaries by Ron Robins
The UN Global
Compact Office Delists 630 Companies For Failure To
Communicate Progress. -
"The Global Compact is a framework for businesses
that are committed to aligning their operations and
strategies with ten universally accepted principles
in the areas of human rights, labour, the
environment and anti-corruption." The delisting
of these companies may not mean that they are
slipping on their Global Compact commitments, but
simply have failed to report their progress.
Nonetheless, it is worthwhile for ethical investors
to review the list to see if they are invested in
any of these companies. After all, ethical investors
only want to invest in ethical stocks and bonds.
World Wealth Report Has Good News On Socially
Responsible Investing. -
I thought that readers might like to look at
the actual report. It states that the rich are
becoming greener in their investing, and, "...
[That] more than US$70 billion was invested globally
in clean energy and clean technology markets in
2006, a 43% increase over 2005." The report
makes special mention that demand for socially
responsible investments is growing among the rich.
All investment advisors and financial planners
should review this report.
Industry Fights Back Concerning Its Environmental
This is a fascinating response to the environmental
and social challenges facing the mining and
extractive resource industries. It is published by
the International Council on Mining and Metals (ICMM),
based in London. Whether we like it or not, with
over 3 billion more people becoming consumers,
demand for resources is growing at frantic rates. We
just have to agree on how resources can be extracted
in ways that minimize their environmental impact,
while maximizing its social benefits and returns to
Capable Of Contributing 10% To US Power Needs By
The just released Utility Solar Assessment (USA)
Study by Clean Edge and Co-op America says that
solar power will cost no more than conventional
energy production within a decade. We are indeed
heading for a major power revolution. With
predictions like these, it is no wonder that so much
money is going into green energy.
Group Environmental Growth Companies Index Launched.
"The new index, called the FTSE Environmental
Opportunities All-Share Index, will be made up of
450 constituents, each demonstrating a minimum 20
percent of their business comes from environmental
markets or clean technologies. The index will cover
companies working in alternative energy, energy
efficiency, water treatment, pollution control,
waste technologies and resource management."
This index is obviously something different from
other environmental indexes as companies are only
required to have 20% of their business in
GlaxoSmithKline & Novo Nordisk Lead In Access To
Medicines For Poor In Developing Countries - Study.
The Access to Medicine Index has now been launched
rating twenty of the world’s top drug manufacturers
as to how they help the poor in the poorest
countries get medicines. If you are looking for
ethical stocks and bonds in drug companies, you
might want to review the information compiled in
Société Générale Ranked By Peers As Top In Socially
Responsible Investing (SRI) Research. -
In addition, the Thomson Reuters Extel survey of
7,500 investment professionals from 63 countries
found that "87% of respondents said they expect
increasing SRI involvement over the next 12 months."
Environmental, Social and Governance (ESG) Reporting
Standards Likely To Be Soon Adopted. -
The need for standardized corporate ESG reporting
may well be given a major push by the European
Federation of Financial Analysts Societies, whose
membership comprises 14,000 European investment
professionals. This is most welcome news! I would
like them to go further to encourage appropriate
governing bodies in all countries to make such
reporting not only mandatory for all public
companies, but to also include independent
auditing and reporting of this information and then made
available to all.
Investment Market To Gain 35% In Two Years.
That represents $700 billion and will bring such
assets managed for their environmental, social and
governance (ESG) issues, up to $2.94 trillion
globally. This is according to the RI Landscape
Asset Managers 2008 Survey which included 98
fund managers with $19.4 trillion in assets. It was
conducted by IPE and Responsible-Investor.com
earlier this year and just released.
List Of Cell Phones With Most Radiation; LG Has
Lowest Emissions. -
If as an investor or user of cell phones you are
wondering how different phones perform with regard
to radiation emissions, then read this article and
follow the links.
Burt’s Bees, In US; Body Shop, Marks & Spencer In UK
-- Named As Greenest Brands. -
The 2008 ImagePower Green Brands Survey also found
that Americans believe the environment is worse now
than five years ago. But the survey further
determined that the economy and energy had surpassed the
environment as the main concerns of consumers.
Issues Its 2008 List Of World’s Most Ethical
A case can be made that stocks that are good to
invest in are usually ethical stocks. Ethisphere
shows an interesting chart that the shares of
companies they rate as most ethical continually
outperforming the S&P 500 Stock Index. They also
show the names of companies they deem as the best in
their industry groupings.
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 © 2008 Ron Robins. All rights reserved.