E-newsletter of Investing for the Soul March 30, 2008
Top ethical investing news stories for March 2008
US Socially Responsible Investing (SRI)
Assets Grow By 18% To $2.71 trillion In 2007, From $2.29 trillion In
The Social Investment Forum, a leading SRI
organization, released its latest report on the growth of US SRI assets.
"Spurred by such factors as rising institutional investor interest,
growing demand for climate-related renewable energy alternatives,
concerns about the Sudan humanitarian crisis, and the emergence of new
products, socially responsible investing (SRI) in the United States is
now growing at a much faster pace than the broader universe of all
investment assets under professional management..." Investing in
ethical stocks and bonds has certainly come-of-age! This is a great
report to read.
Offers Unique Tool For Screening US Mutual Funds On
13 Socially Responsible Criteria. -
To my knowledge this is a first in the US. Finally,
socially responsible and ethical investors are able
to easily screen US mutual funds on issues that are
important to them. However, users will observe that
this site is also to promote Calvert’s own socially
responsible funds. Calvert is one of the oldest
socially responsible investing US fund groups.
Portfolio’s Top Ten Polluters. -
Condé Nast Portfolio has an interesting look at
what they consider to be America’s top ten
polluters. If you are looking to invest in
environmentally conscious major corporations, you
might want to begin by excluding some companies.
Here is a good place to start.
CorporateRegister.com Announces Winners Of Its 2007
Corporate Sustainability Reports. -
Winners for the best sustainability reports include
Vodafone (Best Report), BP, Novo Nordisk, Bayer,
BMW, Coca-Cola Enterprises, and Green Mountain
Coffee Roasters. You might like to review at the list
of award winners here if you are looking for ethical
stocks and bonds.
The FTSE CSAG
Terror-Free Index Debuts March 31. -
"The new terror-free index, created in
partnership with a Washington, DC-based outfit
tracking terror financing, follows the change in US
law that requires managed funds to dump investments
in companies doing business in the four rogue
nations." Several new ’terror-free’ funds are
likely to be launched on March 31 as well.
Legislation such as we see in the US, only adds
further impetus to socially conscious stock buying.
Responsible Investing (SRI)/Financial Performance
Hybrid Index To Be Launched By Credit Suisse.
This new index sounds interestingly different. Most
SRI indexes focus on environmental, social and
governance (ESG) issues and the financial
performance of the companies in such indexes is
left-out and for others to determine and interpret.
Ethical investors everywhere will want to watch this
new Credit Suisse index to see how it functions and
to see if other indexes follow its lead in including
financial performance factors in their indexes.
Compiled For Oxford University Shows, "UK and
global equity ethical funds outperformed the market
over one, three and seven years time periods
Index That Tracks Low-Carbon Companies. -
It is wonderful to see all the big investment firms
getting on the low-carbon bandwagon. This one is
interesting as it tracks companies with a low carbon
footprint in the DJ STOXX 600 index.
Network for Sustainable Energy (FiNeSse) Launched In
London is fast becoming the global leader in green
finance. This network invites all green investors to
participate. It has been launched jointly by the
Renewable Energy Association and UK Social
Investment Forum (UKSIF).
Organic Beauty Standard Launched, OASIS, Backed By
30 Companies. -
"The beauty of OASIS is that as an industry
consensus standard its members range from large,
global brands such as Estee Lauder Companies and
L′Oreal to third party and private label
manufactures to smaller, specialist brands such as
Perfect Organics and Juice Beauty... The organic
beauty and personal care industry has been growing
rapidly, at 15% for the past 15 years. At the end of
2007, US sales of organic personal care products
approached $9 billion representing approximately 15%
of the personal care market." Ethical investors
looking for beauty and personal care stocks that are
good to invest in might want to look at the
companies behind OASIS.
Chartered Financial Analysts (CFAs) Say 42% Of
Canadian Investors Are Paying More attention To
Green Or Ethical Investing Products. -
The question was among several in a first-ever poll
of Canadian CFAs about investor attitudes. Despite
investor sentiment being considerably bearish, the
answer to this question on green and ethical
investing was decidedly upbeat.
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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.
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.