SOURCE: United Nations Global Compact DESCRIPTION: NEW YORK, August 31, 2015 /3BL Media/ – Today, after 15 years at the helm of the world’s largest corporate sustainability initiative, Georg Kell will step down as Executive Director of the UN Global Compact, the organization he helped found in 2000 and which he has built into a global movement […]
Sustainable & Responsible Investing News
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Another Major Religion Gets the Implications of Climate Change
By Robert Kropp. Two months after Pope Francis delivers his encyclical on climate change, Islamic Relief hosts a climate change symposium and publishes the Islamic Declaration on Global Climate Change.
Video: How Do You Invest Directly In Green Assets For Sustainable Growth?
SOURCE: Old Mutual DESCRIPTION: Old Mutual Investment Group Head of Sustainability Research and Engagement, Jon Duncan, answers the question: “How do you invest directly in sustainable growth?” Watch more videos and read more articles here. Old Mutual is serious about raising awareness about responsible investment, and in June 2015 Old Mutual Investment Group held a […]
Money and Spirit: An Argument for Rediscovery
SOURCE: RSF Social Finance DESCRIPTION: by John Bloom Money would not exist without spirit. That is, money first occurred as a concept, which is itself a manifestation of human spiritual capacity. Money was generated out of a perceived need to materialize value through physical things, large and small, and as an evolutionary step to replace […]
Trillium’s Perspective on Recent Market Volatility
August 25, 2015: We are writing to share our thinking on the past two weeks’ stock and bond market activity, and there have been some wild swings in both stock and bond prices. As always, we want to base our decisions on an analysis of the future: How might changes in economic growth and policy, […]
Major Food and Beverage Companies Fail to Manage Water Risks
By Robert Kropp. As water scarcity becomes a major issue for sustainable development, a coalition of investors organized by Ceres calls for better water management and disclosure by 15 major food and beverage corporations.
Islamic Climate Declaration Asks Muslims to Take Action On Climate Change
(3BL Media/Justmeans) – Islamic leaders have issued an Islamic Climate Declaration, calling 1.6 billion Muslims around the world to work towards phasing out greenhouse gas emissions by 2050 and towards a 100 percent renewable energy strategy. Their collective statement makes several detailed political demands likely to increase pressure on oil-producing Gulf States ahead of the Paris […]
Drilling in the Arctic, Mining at the Grand Canyon
By Robert Kropp. President Obama’s legacy on climate will be compromised by Shell drilling for oil in the Arctic, and the Grand Canyon is under siege from uranium mining and tourism development.
EPA Proposes Methane Cuts for Oil and Gas Sector
By Robert Kropp. The proposed standards, part of the Obama administration’s Climate Action Plan, will reduce methane emissions in the oil and gas industry by as much as 45% by 2025.
Sustainalytics and Morningstar Partner to Launch First ESG Scores for Funds
(3BL Media/Justmeans) – Investors are placing increasing importance on environmental, social and governance (ESG) policies and practices. Earlier this year, a Morgan Stanley Institute for Sustainable Investing study showed that 71 percent of individual investors are keen on sustainable investing. The number of financial institutions that have signed the UN-supported Principles for Responsible Investment (PRI) […]
Report Details Impact Investment Opportunities in East Africa
By Robert Kropp. The Global Impact Investing Network and Open Capital Advisors publish a country by country analysis of impact investing activity in the region.
Investment Losses from Climate Change to Be in Trillions, Report States
By Robert Kropp. The Economist Intelligence Unit warns that $4.2 trillion in assets could be at risk, with losses exponentially greater for every increase in global temperature.
Sustainable Investors Praise Obama’s Clean Power Plan
By Robert Kropp. The Plan, which will reduce carbon emissions from the power sector by 32% below 2005 levels in 2030, is praised by Mindy Lubber of Ceres as a blueprint for the low carbon transition.
Forums: Join the Conversation Now
Join the conversation The Invest With Values discussion forums will connect you to investors with similar interests and values. Four public discussion forums currently include: General Money and Values Local & Community Investing Private Funds and Impact Investing Publicly Traded and Socially Responsible Investing These online forums are devoted to the possibilities of aligning money and values. Registered […]
EIRIS Compiles Database of Companies Doing Business in Crimea and Palestine
By Robert Kropp. The EIRIS Foundation releases an online database of companies in Crimea and Palestine, providing for investors and other stakeholders objective and independent research about corporate activity in occupied territories.
Impact Investments can Bridge $2.5 Trillion Annual Gap for Development
(3BL Media/Justmeans) – Investments that have a social or environmental benefit have grown substantially in the last few years. A recent report from the Washington-based Forum for Sustainable and Responsible Investment said that socially responsible investment assets in the U.S. stood at $7 trillion in 2014, registering an increase of 76 percent over 2012. A […]
Rankings of 2014 Corporate Social Responsibility Reports Are Published
By Robert Kropp. Baruch College’s Weissman Center for International Business analyzes corporate social responsibility reporting from the largest US and international companies, and publishes an online ranking that allows investors and other stakeholders to review the quality of CSR reports.
Oil Industry Payments to Governments Still Lack Transparency
By Robert Kropp. Five years after passage of Dodd-Frank, a report by Oxfam America finds that payments by the US industry to developing nations lack the transparency to ensure that governments are using them for the benefit of citizens.
List of Trillium’s 2014-2015 Proxy Votes Available for Download
JULY 22, 2015: Each year, companies seek votes from shareholders on items that are pending on their annual proxy ballots, ranging from the approval of boards of directors to shareholder proposals on social and environmental issues like those we file every year. At Trillium, we take that voting very seriously. You can download a list […]
EIRIS Foundation Launches Database of Companies Doing Business in Occupied Lands
Today, building on its 30-year history of providing free and objective information on ethical finance and corporate activity to the public, the EIRIS Foundation announced the release of a new online database of companies in Crimea and Palestine. For the first time, businesses, civil society, media and the investor community will have access to objective […]
Social Investors vs. Social Businesses: Who will win the struggle for the future of SRI investing?
We all like to talk about how the social, responsible and impact (SRI) investing sector is growing—and current research indicates that it is flourishing, with more capital and a wider range of investors now entering the field. All that is good—and it’s what we’ve all be working for. Yet if there’s one thing experience has […]
Rule of Law: Enabling Social Finance and Sustainable Development
Sustainable development has reached a critical milestone. The United Nations (UN) is moving toward ratifying the Sustainable Development Goals (SDGs) – 17 overarching goals that will replace the Millennium Development Goals due to expire this year that will set the global stage and norms for development from 2016 to 2030. So where will the funding […]
Impact Investing Scores $60B in Sustainable Assets – The Minute
Activity in the financial sector defined as responsible investing or socially responsible investing, has gotten a new term to fit a fast-growing, related practice: impact investing. Impact investing describes efforts that provide a return on investment while focusing on social and environmental issues. Criteria for the projected profitable outcomes of targeting such issues are an […]
Trillium’s 2015 UN Principles for Responsible Investment Report is Available
JULY 13, 2015: Trillium Asset Management is a signatory of the United Nations-supported Principles for Responsible Investment (PRI) Initiative, which is an international network of investors working together to put the Principles for Responsible Investment into practice. Its goal is to understand the implications of sustainability for investors and support signatories to incorporate these issues […]
Green Bond Investments Reach $600 Billion
By Robert Kropp. The fourth edition of Bonds and Climate Change, published by the Climate Bonds Initiative, reports that 70% of climate-aligned bonds are invested in low-carbon transport, while another 20% focus on clean energy.
What is Social Finance?
Sustainable development is increasingly on the front page – from growing demand for green bonds to the need for reliable power in sub-Saharan Africa – and a confluence of environmental, social and governance (ESG) trends are rapidly reshaping the global economy. We’re at an inflection point right now. Interconnected and complex global environmental, social and […]
ESG Risks and Opportunities in Affordable Housing Investments
The PRI’s Fixed Income Case Study series highlights examples of interesting and innovative approaches to responsible investment. Written by fixed income practitioners from around the world, the case studies cover topics such as integrating ESG, negative and positive screening, thematic investment and engagement. WHY DO ESG ISSUES MATTER FOR AFFORDABLE HOUSING? The investment opportunity of […]
Corporate Human Rights Benchmark Publishes Draft of Key Performance Indicators
By Robert Kropp. The Benchmark publishes two documents about which it seeks input: a framework for multi-stakeholder consultations, and a draft list of key performance indicators.
Consumer Goods Companies Commit to Halving Food Waste
By Robert Kropp. Four hundred corporate members of the Consumer Goods Forum commit to a sustainability program that includes halving food waste within their operations by 2025.
The Opportunities and Challenges of Legislating Corporate Social Responsibility
Legislating Social Good Recent studies have shown that many companies are giving more generously to social causes than ever before. Some, like Unilever, Coca-Cola, GSK, and others, have begun to champion the notion that social and financial profit can be achieved simultaneously. But even the most progressive companies often sideline social investment and corporate social […]
Investors Applaud General Mills’ Improved Policies to Protect Bees from Pesticides
JULY 8, 2015: Following engagement with investors and advocates, General Mills has become the first major packaged foods company to improve policies to protect bees and other pollinators from the impacts of pesticides. A shareholder resolution filed by investor advocacy non-profit As You Sow and Clean Yield Asset Management was withdrawn after the company agreed […]
Investors Support White House Plan to Cut Methane Emissions
By Robert Kropp. The Obama Administration proposes to reduce methane emissions from the oil and gas industry by at least 45% by 2025, and investors coordinated by Ceres and Trillium Asset Management issue a statement expressing their support.
Why Policy Change is the Only Way to Open Impact Investing Floodgates
Bain Capital and Blackrock have created dedicated impact practices. High net-worth individuals and family offices are gathering to share deals, ideas and experiences. Foundations are sharing best practices. And yet, the amount of dollars invested in real projects and actual businesses is still a minuscule percentage of all invested capital. What’s holding us back?
Investors Worth $1.5 Trillion Support White House’s Methane Emissions Reduction Plan
BOSTON, MA // JULY 1, 2015: As recent data show methane emissions rising from the oil and gas industry, and the White House moves forward with rules to reduce this pollution, leading investors representing $1.5 trillion in assets under management released a statement of support today for a strong federal standard. “As widely diversified, long-term […]
Calvert Expands Responsible Indexes; Launches New Funds
BETHESDA, Md., July 1, 2015 /3BL Media/ – Calvert Investments, Inc., a global leader in Responsible Investing, announced today a major new initiative that the firm describes as the next step in the evolution of responsible investing. The firm is building upon its global Responsible Investing research expertise and has launched a suite of Responsible Indexes […]
Investors Tell Corporations to Meet Burma Reporting Requirements
By Robert Kropp. Sustainable investment firms representing more than $40 billion in assets under management write to three corporations doing business in Burma, urging them to comply with the Burma Responsible Investment Reporting Requirements.
Benchmarking Tool for Toxic Chemicals in Consumer Products Launched
By Robert Kropp. The Chemical Footprint Project, backed by investors and corporations representing more than $1 trillion in investing and purchasing power, is the first tool for benchmarking corporate chemical use and management.
Laudato Si Makes Waves Throughout Society
By Robert Kropp. Sustainable investors and climate deniers alike weigh in with responses and reactions to Pope Francis’s landmark encyclical on climate change. Second in a two-part series.
Trillium Testifies in Support of California Pension Coal Divestment Bill
JUNE 25, 2015: On Wednesday, Trillium Asset Management testified in support of CA SB 185, a bill which would require bill California’s state pension funds, Calpers and CalSTRS, to divest investments in companies that generate 50% or more of their revenue from coal mining. Jodi Neuman, who represented Trillium at the hearing, testified: “Our employee-owned […]
Investment Funds Target Sustainable Aquaculture
(3BL Media/Justmeans) – The U.S. imports more than 90 percent of its seafood. This supply is becoming increasingly constrained as global demand is on the rise and wild-caught production is declining. According to the World Bank, aquaculture will supply two-thirds of global fish consumption by 2030. This is the lucrative area where private equity and […]
New ESG Investment Indexes and Funds for Investors
ESG-driven tools and products for investment continue to be developed by financial institutions to help investors, asset managers, and analysts more accurately define a company’s valuation. The most recent offering comes from Calvert Investments, which has launched a new initiative that it describes as “the next step” in the evolution of responsible investing. Building on 30 […]
Investing in a Healthy Future: Sustainable Agriculture, Organics & Fair Trade
“If you do just one thing – make one conscious choice – that can change the world, go organic. Buy organic food. Stop using chemicals and start supporting organic farmers. No other single choice you can make to improve the health of your family and the planet will have greater positive repercussions for our future.” […]
Pope Francis Delivers Encyclical on Climate Change
By Robert Kropp. The Pope makes explicit the connection between climate action, poverty, and morality, and calls for a radical shift away from current failures and toward an ecological conversion instead. First in a two-part series.
The Vatican Encyclical and Responsible Investing
Guest blog by John Streur, CEO, Calvert Investments SOURCE: Justmeans DESCRIPTION: Pope Francis has crafted a compelling message. With Catholics representing 17 percent of the world’s population – 21 percent in the United States – and Catholic values expressed through large institutional investment portfolios worldwide, even non-believers should take note. Just as the Pope is […]
Good Governance Helps Good Companies Do Better
The reasons for companies to be more sustainable are many: risk avoidance, consumer/society demand, cost savings from reductions in use of resources, lower costs of renewable energy, and a more motivated workforce. The final rationale is an enhanced bottom line with increased profits earned from sustainable strategies and practices. But the overarching principle could be […]
Merrill Lynch Launches New Sustainable Impact Portfolios
(3BL Media/Justmeans) – Socially responsible investing has increasingly begun to influence how asset managers invest portfolios. It not only involves practices that are aimed at avoiding harm by screening companies that are a part of an investment portfolio, but also includes more proactive approaches such as impact investing, community investing and shareholder advocacy. Merrill Lynch […]
Trillium Participating in White House Clean Energy Summit
June 16, 2015: Trillium Asset Management is pleased to announce that our firm has been invited to participate in today’s White House Clean Energy Summit. Vice President Joe Biden is scheduled to deliver remarks highlighting more than $4 billion of independent commitments by major foundations, institutional investors, and other long-term investors to fund climate change […]
And Now for Something Completely Different
By Robert Kropp. The Heartland Institute hosts its annual conference on climate change, at which such scientific luminaries as climate denying Senator James Inhofe of Oklahoma are honored.
USA Today Highlights Socially Responsible Investment in Financial Advice Column
USA Today, the most widely circulated newspaper in the U.S., has discovered socially responsible investing. An “AdviceIQ” column gives an overview of the field for its large audience (average daily paid circulation: 1.8 million copies) in “Investing To Do Good.” Author Kimberly J. Howard, a financial planner, explains impact investing and social impact bonds; points […]
Morgan Stanley Issues $500 Million Green Bond
By Robert Kropp. The investment bank intends to fund a number of wind energy projects in the US.