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Shareholder Activism / Global finance


NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | MUTUAL FUNDS
Many Large Mutual Funds Continue Failure to Address Climate Change
Ceres updates its annual report on voting climate-related resolutions by mutual funds, noting that several PRI signatories failed to support a single resolution in 2016. First in a two-part series.

NEWS STORY: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Financial Stability Board to Review Governance Principles
The international body, formed to promote financial stability following the global financial crisis, seeks to determine how its member jurisdictions have implemented the G20/OECD Principles of Corporate Governance.

NEWS STORY: SOCIAL ISSUES | HUMAN RIGHTS | FINANCIAL INDUSTRY
Banking Lags on Human Rights
A report by the NGO BankTrack reveals that most major global banks are failing to implement the UN Guiding Principles on Business and Human Rights in their financing.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY
NGOs Urge Green Climate Fund to Deny Accreditation to Scandal-Plagued Banks
HSBC and Crédit Agricole finance environmentally destructive projects and rank at the bottom of major banks in implementing the UN Guiding Principles on Business and Human Rights. Second in a two-part series.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY
Bank Financing of Fossil Fuels Dwarfs that of Renewables
A new study by Fair Finance Guide and BankTrack reveals that since 2009, investment in fossil fuels by 75 of the world's largest financial institutions is more than nine times greater than investment in renewable energy.

NEWS STORY: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY | INSTITUTIONAL INVESTORS
Labor Department Repeals Controversial Fiduciary Standard
A 2008 ERISA standard that has discouraged pension plan fiduciaries from considering environmental and social factors in investment strategy has finally been repealed.

NEWS STORY: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Is Regenerative Capitalism a Spiritual Quest?
John Fullerton of the Capital Institute authors an admirable paper on what he calls Regenerative Capitalism, but how do we get from the here of exploitation to there? First of a three-part series.

NEWS STORY: SUSTAINABLE INVESTMENT | MUTUAL FUNDS
No Financial Sacrifice in Sustainable Investing
The Morgan Stanley Institute for Sustainable Investing analyzes thousands of sustainable mutual funds and separately managed accounts, and finds that most meet or exceed the performance of traditional investments.

NEWS STORY: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION
ICCR Publishes 2015 Proxy Resolutions and Voting Guide
Climate change and wealth inequality lead members of the the Interfaith Center on Corporate Responsibility to increase for the third year in a row the number of shareowner resolutions filed. Second of a two-part series.

NEWS STORY: SUSTAINABLE INVESTMENT | EMERGING MARKETS
Instability in Middle East Dampens Investment
A white paper from Business Monitor International analyzes foreign direct investment in the Middle East and North Africa and concludes that political instability has led to declines in several countries.

NEWS STORY: SUSTAINABLE INVESTMENT | CORPORATE REPORTING
Corporate Reporting and Materiality
A report by the Governance & Accountability Institute assesses the materiality of key indicators in reporting to the Global Reporting Initiative by more than 1,000 corporations in 2012.

NEWS STORY: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY
Partnerships Between Government and Private Sector Needed to Bring Impact Investing to Scale
Citing the Community Reinvestment Act as an example of effective federal support, a report from the US National Advisory Board calls for additional government action to help maximize the impact of community development initiatives.

NEWS BRIEF: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
PRI Assets Top $45 Trillion
During the past year the Principles of Responsible Investment added more than 200 new signatories, bringing the current number of signatories to 1,265.

NEWS STORY: SHAREOWNER ACTION | INSTITUTIONAL INVESTORS
No Surprise: Climate Change the Biggest Issue for Sustainable Investors
A survey of eleven sustainable investors by Monitor Global Outlook reveals that while more environmental and social shareowner resolutions have been filed in 2014 than ever before, the number of withdrawals has set a record too.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE REPORTING
One Blog and Two News Briefs
The author reflects upon personal responses to climate change, Trillium Asset Management withdraws resolution at Lowe's, and Sustainalytics research is now on Bloomberg.

NEWS STORY: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES
Third National Climate Assessment Published
In its new report, the US Global Change Research Program asserts that the effects of climate change have already become a present day concern, and announces the launch of a website to help Americans receive reliable scientific information.

NEWS STORY: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION | INSTITUTIONAL INVESTORS
ICCR Publishes 2014 Proxy Resolutions and Voting Guide
The number of shareowner resolutions addressing environmental health filed by members of the Interfaith Center on Corporate Responsibility in 2014 increases sharply over 2013, reflecting the urgency of action on climate change.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | FINANCIAL INDUSTRY
US Banks Rank Poorly on Indicators of Concern to Sustainable Investors
The Interfaith Center on Corporate Responsibility and Sustainalytics rate seven major US banks on four key performance indicators relating to sustainability and corporate responsibility, finding significant room for improvement.

NEWS STORY: SHAREOWNER ACTION | INSTITUTIONAL INVESTORS
The State of Shareowner Engagement in Europe
Eurosif reports on investor engagement with corporations in Europe and finds that engagement on environmental, social, and corporate governance issues is steadily increasing.

NEWS STORY: SUSTAINABLE INVESTMENT | EMERGING MARKETS | PENSION FUNDS
South Africa a Global Leader in Sustainable Investment
Investment research by SinCo informs a new report on global best practice guidebook on sustainable investment and the incorporation of ESG factors by pension funds.

NEWS BRIEF: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY
Occupy Movement to Rally for a Robin Hood Tax on Financial Transactions
On the second anniversary of the movement's birth, protestors will march on Chase Manhattan Bank and call for a financial transaction tax to raise funds for social programs.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
End in Sight for Too Big to Fail?
Senators Sherrod Brown and Bernie Sanders each pursue legislative initiatives to end the economic advantages of the nation's largest banks and force them to break up.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING
ICCR Publishes 2013 Proxy Resolutions and Voting Guide
The Interfaith Center on Corporate Responsibility reports that its members have filed 180 shareowner resolutions and engaged in 225 corporate dialogues this proxy season.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES
CEOs Want a Deficit Reduction Plan that Benefits Them
Eighty corporate CEOs join the Fix the Debt campaign, which calls for increased tax breaks for corporations while limiting social programs that help the poor and middle class.

NEWS STORY: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION
For Sustainable Investors, Obama or Romney?
The candidates differ markedly on climate change, financial reform, and health care, issues on which sustainable investors have engaged with corporations for many years.

NEWS BRIEF: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Senate Republicans Quash Findings on Wealth Inequality
After the Congressional Research Service issues a report finding no correlation between economic growth and lower tax rates for the wealthiest, Senate Republicans force its withdrawal to protect the party orthodoxy on taxes.

NEWS STORY: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Romney Charged with Ethics Violation for Failing to Disclose Hedge Fund Investment
The Office of Government Ethics receives a complaint that by not revealing profits his family received from the Obama administration's auto industry bailout, Romney has failed to disclose a potential conflict of interest.

NEWS STORY: SUSTAINABLE INVESTMENT | EMERGING MARKETS
Assets Committed to Emerging Markets on the Increase
A new survey by EIRIS suggests that while sustainable stock exchanges increase investor confidence in emerging markets investment, poor corporate attention to environmental, social, and corporate governance issues remains a barrier.

NEWS BRIEF: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Growth of Sustainable Investment in Europe Continues to Outpace the Overall Market
In its fifth biennial survey of sustainable investment in Europe, Eurosif identifies norms-based screening as the fastest-growing strategy, and urges improved communications to encourage greater uptake of sustainable investment by retail investors.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Bank of America Settles Shareowner Lawsuit for $2.43 billion
The bank's 2008 acquisition of Merrill Lynch $20 billion preceded disclosure of $27.6 billion in losses, and led to lawsuit by pension funds charging the bank with making false or misleading statements.

NEWS STORY: SHAREOWNER ACTION | FINANCIAL INDUSTRY
Occupy Movement Celebrates First Anniversary
Despite efforts to marginalize its accomplishments, the Occupy Movement has succeeded in keeping the issue of wealth inequality in the forefront of the national consciousness.

INTERVIEW: SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING
Is Corporate Reporting Sufficient to Meet Sustainability Goals?
Mark McElroy of the Center for Sustainable Organizations argues that the absence of context for corporate sustainability measurements increases the likelihood that meaningful goals will not be met.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CORPORATE REPORTING | FINANCIAL INDUSTRY
Opinions Differ on the Future of Sustainable Investing
Industry veterans weigh in on likely developments over the next twenty years, and their opinions range from optimism to concern.

NEWS STORY: SUSTAINABLE INVESTMENT | INSTITUTIONA INVESTORS
Muhammad Yunus, Father of Microcredit and Nobel Peace Prize Recipient, to Address SRI Conference
The founder of the Grameen Bank will be the keynote speaker at October's SRI Conference on Sustainable, Responsible, Impact Investing, which will also feature author Deepak Chopra and Robert F. Kennedy Jr. Second of a two-part series.

NEWS BRIEF: SHAREOWNER ENGAGEMENT | INSTITUTIONAL INVESTORS
PRI Signatories Prioritize ESG Issues for Engagement
A survey of frequent users of the PRI Clearinghouse indicates that executive compensation, climate change, and labor standards in corporate supply chains will be the top areas of engagement for institutional investors during the coming year.

NEWS STORY: SOCIAL ISSUES | CORPORATE REPORTING | EXTRACTIVE INDUSTRIES
SEC Issues Rules on Conflict Minerals and Payments to Governments
Responses by sustainable investors and other stakeholders to payments to governments in resource-rich countries is generally positive, but concerns are voiced over provisions in the conflict minerals regulation. Second of a two-part series.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
A Strategy for the Commons that Includes Business and Government
As national governments persist in pursuing narrow agendas rather than global action on climate change and sustainable development, other key stakeholders are recognizing that they must pressure corporations and governments into dialogue on the issues.

NEWS BRIEF: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY | INSTITUTIONAL INVESTORS
Wells Fargo Settles Mortgage-Backed Securities Charges for $6.5 Million
The Securities and Exchange Commission charges the bank for selling investments tied to mortgage-backed securities without disclosing the risks to investors.

NEWS BRIEF: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Goldman Sachs Escapes Criminal Charges
Despite evidence of conflicts of interest detailed in last year's report by the Senate's Permanent Subcommittee on Investigations, the Justice Department announces that it will not bring a criminal prosecution against the bank.

NEWS STORY: SHAREOWNER ACTION | OIL AND GAS INDUSTRY
Concerns Voiced over Easing Burma Investment
An executive order lifting ban on investment in Burma allows US companies to enter the country's energy sector, raising concerns over lack of transparency and ties to the military.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CORPORATE REPORTING
Sustainable Large Caps Outperform MSCI World Index
An analysis by oekom research finds that investment in corporations designated by it as Prime Portfolio Large Caps can yield returns more than double that of those listed on the MSCI World benchmark.

NEWS BRIEF: CORPORATE REPORTING | STOCK EXCHANGES
NASDAQ to Promote Sustainability Disclosure
At Rio+20, the US-based stock exchange joins four counterparts in encouraging corporations to disclose environmental, social, and governance risks and opportunities.

NEWS STORY: SHAREOWNER ACTION | HUMAN RIGHTS | FINANCIAL INDUSTRY
A Guide to Economics for the 99%
The Center for Popular Economics publishes Economics for the 99%, a handbook which describes the roots of economic inequality and offers a solidarity economy as an alternative.

NEWS BRIEF: SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING |
More Stakeholders Call for Meaningful Action at Rio+20
The International Institute for Environment and Development outlines a three-point plan to ensure that government negotiators account for the needs of local communities through sufficient aid and realistic valuation of natural capital.

NEWS STORY: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | EMERGING MARKETS
UNDP Reports on Outlook for Sustainable Development in Asia-Pacific
Exploring both widespread poverty and the impacts of climate change on the region, the report warns that the private sector and other stakeholders must act in order to galvanize government action.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | FINANCIAL INSTITUTIONS
US Banks Receive Failing Grades for Financing Coal
While most of the nation's largest banks have publicly stated commitments addressing mountaintop removal coal mining and coal-fired power generation, the financing of such projects continues.

NEWS BRIEF: CORPORATE REPORTING | FINANCIAL INDUSTRY
Academics Propose Agency to Regulate Financial Products
Eric Posner and Glen Weyl of the University of Chicago state that a Financial Products Administration would be the Food and Drug Administration of financial derivatives.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CORPORATE REPORTING | INSTITUTIONAL INVESTORS
Sustainable Investment Forums to Produce Global Trends Report
The report, scheduled for December, will be the first to assess environmental, social, and corporate governance (ESG) investment strategies across jurisdictions; a global website is also planned.

INTERVIEW: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Occupy Movement Focuses on Volcker Rule
Financial professionals form the Occupy the SEC movement and submit a 325-page comment letter to the SEC, calling for effective regulation of proprietary trading by banks.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING
As You Sow Publishes Proxy Preview
The report notes an exponential increase in resolutions addressing the various forms of corporate political spending, while the community impacts of hydraulic fracturing and financial risks associated with coal lead environmental resolutions.

NEWS STORY: SUSTAINABLE INVESTMENT | CORPORATE REPORTING | INSTITUTIONAL INVESTORS
Generation Investment Management Calls for Sustainable Capitalism by 2020
The firm expands upon a manifesto written by co-founders Al Gore and David Blood and calls for mandatory integrated reporting and the pricing of externalities, an end to quarterly earnings guidance, and loyalty-drive securities for long-term investors.

NEWS BRIEF: COMMUNITY INVESTMENT | MICROFINANCE | EMERGING MARKETS
Principles for Investors in Inclusive Finance Publishes Compendium of Case Studies
The Principles for Investors in Inclusive Finance wraps up its first year with case studies designed to help provide sustainable financial products and services to the world's poor.

NEWS BRIEF: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY | INSTITUTIONAL INVESTORS
Only 9% of Fund Managers Incorporate ESG Factors
Mercer's evaluation of environmental, social, and corporate governance uptake by fund managers reveals that there is considerable room for improvement in how they communicate ESG integration to investors.

NEWS STORY: SHAREOWNER ACTION | PROXY ACCESS
ICCR Publishes 2012 Proxy Resolutions and Voting Guide
The Guide reveals a focus by members of the Interfaith Center on Corporate Responsibility on social issues and corporate engagement.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE
Top Sustainable Investment Stories of 2011
Many sustainable investors see affinities between their concerns and those of the Occupy Movement, and global emissions from the burning of fossil fuels in 2010 were the highest in human history.

NEWS STORY: SHAREOWNER ACTION | HUMAN RIGHTS | OIL AND GAS INDUSTRY
Shareowner Activists Pressure Chevron for Transparency Over Payments to Burmese Regime
Amid news of a possible normalization of relations between the US and Burma, sustainable investors and other activists argue that most of Chevron's payments line the pockets of the military. First of a two-part series.

NEWS STORY: FILM REVIEW | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Film Review: Margin Call
First-time director J.C. Chandor's film provides a fictionalized version of Lehman Brothers awakening to the fact that inadequate risk management had launched the financial crisis.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | FINANCIAL INDUSTRIES
More Fodder for Uprising Against Economic Inequality
The Congressional Budget Office reports that household income of the top one percent grew by 275% between 1979 and 2007.

NEWS BRIEF: SUSTAINABLE DEVELOPMENT | FINANCIAL INDUSTRIES
Time to Improve the Equator Principles, BankTrack Says
As the Equator Principles Association prepares a draft of new principles, BankTrack calls for increased transparency and more attention to climate change and human rights.

INTERVIEW: SHAREOWNER ACTION | SOCIAL ISSUES | FINANCIAL INDUSTRIES
How Occupy Wall Street and Sustainable Investment are Aligned
SocialFunds.com talks with Sonia Kowal of Zevin Asset Management about social unrest and its impact on the prospects for long-term sustainable investment.

NEWS STORY: SUSTAINABLE INVESTMENT | CORPORATE REPORTING | INSTITUTIONAL INVESTORS
PRI Issues 2011 Report on Progress
While integration of environmental, social, and corporate governance factors remains limited as a proportion of the global market, the report indicates that such integration is growing across asset classes.

BOOK REVIEW: ENVIRONMENTAL ISSUES | HUMAN RIGHTS
Book Review: Tropic of Chaos, by Christian Parenti
Author Christian Parenti writes of how the catastrophic convergence of poverty, violence, and climate change is already destabilizing regions of the world, and of the worldwide conflagration that is likely to occur if climate change remains unchecked.

NEWS BRIEF: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Investors to Obama and Congress: Raise the Debt Ceiling
A group of asset managers and owners warn that inaction could lead to a downgrading of US debt and threaten the savings of pension plan beneficiaries.

NEWS BRIEF: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY
TIAA-CREF Publishes 2011 Socially Responsible Investing Annual Report
The report describes the accomplishments of the $470 billion financial services company in promoting sustainable investment according to environmental, social, and corporate governance (ESG) criteria.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING
Investors Call on Russell 1000 Companies to Address Sustainability
Led by Ceres, a coalition of investors representing more than $1 trillion in assets under management writes to the CEOs of Russell 1000 companies, urging them to increase corporate attention to sustainability issues.

NEWS STORY: CORPORATE GOVERNANCE | FINANCIAL INSTITUTIONS
Shadow Banking Scrutinized for Role in Financial Crisis
A report from Standard & Poor's details the effect of unregulated financial institutions on the financial crisis, and calls for regulatory oversight based on function rather than institutional charter.

INTERVIEW: STAKEHOLDER ENGAGEMENT
Michael Conroy on Activist Campaigns and the Certification Revolution
SocialFunds writer Bill Baue speaks with Michael Conroy about his new book, Branded! How the “Certification Revolution” is Transforming Global Companies

NEWS STORY:
Corporate Operations in Burma Fuel Human Rights Abuses, Say Shareowner Activists
Shareowner letters to Chevron and Total criticize the piping of revenues to the Burmese regime, while the Norwegian Pension Fund defends its decision not to divest from Total.

BOOK REVIEW:
Book Review-World Inc: How the Growing Power of Business is Revolutionizing Profits, People and the Future of Both
Author Bruce Piasecki argues that better products will help make a better world as companies face the "S" frontier.

NEWS STORY:
SEC Chair Cox Votes For Two Opposing Proxy Access Proposals--Both May Curtail Shareowner Rights
Republican commissioners support a proposal barring shareowners from nominating directors; Democrats support one allowing it, though it introduced other reductions in shareowner power.

NEWS STORY:
Opening Up Pandora's Box: SEC Proxy Roundtable Questions Role of Non-Binding Resolutions
SEC officers and panelists discuss the possibility of removing non-binding resolutions from the proxy and replacing them with online communications between shareowners and companies.

NEWS STORY:
Yes and No: Newmont Recommends Voting For One Resolution, Petitions SEC to Omit Another
The actions span the gamut of corporate responses to shareowner resolutions on environmental, social, and governance issues, from wholehearted support to forceful opposition.

NEWS STORY:
The Gates Foundation and Mission Related Investing: Room for Alignment?
An investigative report into the investment practices of the Gates Foundation has reinvigorated the debate over the obligation of foundations to align their missions with their investments.

NEWS STORY:
Inaugural Report Card Grades College Sustainability on Endowment and Campus Efforts
The Sustainable Endowments Institute study finds endowment sustainability lagging campus sustainability policies and initiatives.

NEWS STORY:
Rainforest Action Network Seeks to Stem Flow of Financing to TXU Coal Project
Part two of this two-part articles addresses how RAN sent a letter to 54 banks urging them to withhold funding from a TXU plan to build 11 pulverized coal-burning power plants in Texas.

NEWS STORY:
How to Do Sustainble Banking
BankTrack, a coalition of nongovernmental organizations promoting social and environmental responsibility in the finance sector, issues a guide to best practices in sustainable banking.

NEWS STORY:
New Exchange Traded Fund Tracks Domini 400 Social Index
Barclays Global Investors launches the iShares KLD 400 Social Index ETF.

NEWS STORY:
Dear Sir or Madam: Stakeholder Letters Push Corporate Sustainability Improvements
Letters remains an important mode for addressing environmental, social, and governance issues, encompassing a broader swath than simply communication between shareowners and companies.

NEWS STORY:
Glass Lewis Adds KLD Proxy Voting Guidelines to Proxy Voting Platform
The move increases the availability of socially responsible investing proxy voting guidelines, but it remains to be seen if it inspires Glass Lewis to support more SRI resolutions in its own guidelines.

NEWS STORY:
Votes for Social and Environmental Resolutions Rising, But Proxy Firm Support Still Lagging
Over a quarter of social and environmental resolutions topped 15 percent support this proxy season, but proxy advisory firm recommendations supporting such proposals remain low.

NEWS STORY:
Barclays Files for Permission to Launch iShares ETF Tracking the Domini Social Index
The exchange-traded fund will likely have a low expense ratio, but will not conduct shareowner engagement like the other fund tracking the DSI, the Green Century Equity Fund, does.

NEWS STORY:
Survey Reveals TIAA-CREF Investor Desire to Up Commitment to SRI
TIAA-CREF promises to respond to participants, of whom over three-quarters prioritize social and environmental considerations in investing choices.

NEWS STORY:
Stratfor Analysis Says Rise in Support for Shareowner Activism is Hitting a Plateau
The analysis suggests that corporate executives are building up a tolerance to higher resolution votes; mutual fund proxy voting transparency represents the next frontier for shareowner activists to boost votes.

NEWS STORY:
Correlating Proxy Advisory Firm Recommendations with Voting Results
A look at the link between recommendations by Institutional Shareholder Services, Glass Lewis, and PROXYGovernance and voting results at Citigroup, Chevron, ExxonMobil, and Wal-Mart.

NEWS STORY:
Confirming the CalPERS Effect: Academic Study Links Shareowner Activism to Financial Gain
Examining companies targeted for governance reform by the CalPERS Focus List, the study presents data correlating activism to increasing shareowner value as well as cautionary notes.

NEWS STORY:
Proxy Season Report Geared to Foundations Helps Others Navigate Proxy Landscape
As You Sow Foundation and Rockefeller Philanthropy Advisors report allows for stepping back by providing a useful overview as well as an in-depth look at behind-the-scenes dialogue.

NEWS STORY:
United Nations Endorses SRI Strategies in Launching Principles for Responsible Investment
Some 50 institutional investors globally representing $4 trillion in assets have signed on to the Principles, which promote the consideration of environmental, social and governance factors.

NEWS STORY:
Conflict of Interests Policies and Practices Vary Widely at Proxy Advisory Firms
Part two of this two-part article examines how Institutional Shareholder Services, Glass Lewis, and PROXY Governance handle potential conflicts of interest.

NEWS STORY:
Voting Recommendations on Shareowner Resolutions Vary Widely at Proxy Advisory Firms
Part one of this two-part article compares Institutional Shareholder Services, Glass Lewis, and PROXY Governance vote recommendations on resolutions at Citigroup and Chevron.

NEWS STORY:
Thirty Years and Counting: Cofounder Wayne Silby Recounts the Birth of Calvert
To celebrate the thirtieth anniversary of Calvert, SocialFunds.com speaks with co-founder Wayne Silby about its genesis, development, and future.

NEWS STORY:
SEC Forces Chevron, Dow, and CVS to Include Shareowner Resolutions on Their Proxies
Part two of this two-part article examines no-action activity thus far in the 2006 proxy season, focusing on attempts to apply the personal grievance rule and expand a new risk assessment rule.

NEWS STORY:
Resolution Withdrawals Signal Success in Shareowner Advocacy Early in 2006 Proxy Season
Part one of this two-part article examines withdrawal of resolutions on climate change, sexual orientation nondiscrimination, political contributions, and HIV/AIDS policies.

NEWS STORY:
Using Mutual Fund Proxy Voting Data to Promote More Conscientious Voting
The final installment of this multi-part series steps back to consider the implications of the findings and how to harness them to push mutual funds to support corporate social responsibility.

NEWS STORY:
Social Investment Forum Trends Report Tracks Rises and Falls of Socially Responsible Investing
The 2005 report documents increases since 2003 in assets overall in SRI, in SRI mutual funds, and in shareholder advocacy, but decreases in overall screened assets and in screened separate accounts.

NEWS STORY:
Eroding Support for Shareowner Resolutions on Climate Change Revealed by Unpublished Data
In part three of this multi-part article, SocialFunds.com examines unpublished data associated with a recent report on mutual fund proxy voting from The Corporate Library, and finds decreasing support for climate change resolutions.

NEWS STORY:
Unpublished Data Clarifies SRI Proxy Voting on CSR Resolutions
In part two in this multi-part series, SocialFunds.com examines unpublished data associated with a recent report from The Corporate Library, and finds that statistics are not always what they seem at first glance.

NEWS STORY:
PROXY Governance Diversifies Proxy Advisory Choice
The new proxy advisory firm expands options for fiduciaries.

NEWS STORY:
New International Finance Corporation Sustainability Standards: Watershed or Watered Down?
A group of socially responsible investors express concern over perceived shortcomings in the proposed IFC policy revisions, while the IFC points out where the policies break new ground.

NEWS STORY:
Shareowner Empowerment Is Alive and Well: a Preview of the 2006 Proxy Season
Part two of this two-part article examines the developing trends in shareowner activism as resolutions are filed for the upcoming proxy season.

NEWS STORY:
Forging Ahead from the Crossroads: Reviewing the 2005 Proxy Season
Part one of this two-part article looks back at this year's proxy season, which was highlighted by majority vote director election proposals while part two previews the upcoming proxy season.

BOOK REVIEW:
Book Review--The Challenge to Power: Money, Investing, and Democracy
John Harrington compiles voluminous evidence to diagnose what ails modern corporatocracy, and prescribes a comprehensive cure with socially responsible investing playing a key role.

NEWS STORY:
Wal-Mart Embraces Sustainability: Does the SRI Community Buy It?
Socially responsible investors cautiously applaud Wal-Mart for committing to social and environmental sustainability, but remain highly skeptical about actual implementation.

NEWS STORY:
Institutional Investors Drive Research on Mainstreaming of SRI by Investment Managers
A new line of research at Mercer Investment Consulting rates proxy voting, shareholder engagement, and analysis of environmental, social, and governance issues by mainstream investment managers.

NEWS STORY:
Changing of the Guard: Vanguard Pulls a Switcheroo on SRI Index Providers
Vanguard is swapping the benchmark for its socially responsible investing index fund from the Calvert Social Index to the FTSE4Good US Select Index.

NEWS STORY:
ICCR Online Database Eases Access to Information on Shareowner Resolutions
EthVest, the new web-based tool from the Interfaith Center on Corporate Responsibility, provides access to 2,000-plus shareowner resolutions and 12-plus years of shareowner action.

NEWS STORY:
Shareowner Resolution Asks Monsanto to Create Ethics Oversight Committee
The company stonewalls inquiries related to the resolution, which springs from a $1.5 million settlement with the SEC and DOJ earlier this year regarding a bribe Monstanto paid in Indonesia.

NEWS STORY:
New Document Alleges Tie Between Chevron and Human Rights Abuses in Nigeria
Identified in the discovery phase of a case proceeding at state and federal levels, the invoice and receipt indicate Chevron paid Nigerian soldiers for services on a day several villagers were allegedly killed (part one of a two-part article.)

NEWS STORY:
Power to the People: Amnesty Launches Grassroots Shareowner Advocacy Program
The SharePower program encourages ordinary people to tell institutional investors holding shares in their name to vote for shareowner resolutions supporting human rights.

NEWS STORY:
Shell Doubles Cost Projections of Sakhalin II, Project Critics Redouble Opposition
The largest oil and gas project in the world meets resistance over concerns about its social and environmental impacts, as well as its economic sustainability.

NEWS STORY:
Students and States Seek to End Genocide in Sudan Through Divestment Campaigns
Students urge Stanford University to follow in the footsteps of Harvard University by divesting, and urge California senators to pass legislation like Illinois did.

NEWS STORY:
IFC Urged to Include Corporate Screens and Address Climate Change in New Standards
A group of socially responsible investment practitioners recommends revisions to new International Finance Corporation social and environmental sustainability standards.

NEWS STORY:
Ecuadorian Attorney General Tells ChevronTexaco Shareholders Remediation Agreement May Be Invalid
The questionable validity of the remediation agreement indemnifying ChevronTexaco could carry implications for the lawsuit and beyond (part three of a multipart article).

NEWS STORY:
Oil Spread Upon the Waters of Ecuador May Return Harm for ChevronTexaco Shareholders
A shareholder delegation surveys the environmental and social impact of oil operations, assessing potential risk from a twelve-year old lawsuit in its judicial inspection phase (part one of a multi-part article).

NEWS STORY:
Shareowner Activists on Sustainability Take Baby Steps Into Sustainability Screening
Part one of this two-part article surveys the landscape of US public pension fund screening of corporate social and environmental sustainability.

BOOK REVIEW:
Book Review--Corporations and the Public Interest: Guiding the Invisible Hand
Steve Lydenberg eloquently describes corporate social responsibility and socially responsible investment, fields in which he is an expert, and recommends mechanisms to fuel their trajectories.

NEWS STORY:
Binding Resolutions and Coordination Circumvent Structural Limitations of Shareowner Action
A preview of the 2005 proxy season reveals tactics that challenge the systemic imbalance of power favoring corporate management and directors over shareowners.

NEWS STORY:
Speaking From Both Sides of the Mouth: The Art and Science of Corporate Tax Avoidance
Three reports--by a US tax watchdog, a pair of US academics, and a UK socially responsible investment firm--find troubling trends in corporate tax strategies.

NEWS STORY:
Top Five Socially Responsible Investing News Stories of 2004
Shareowner engagement shifted from confrontational to collaborative, sustainability analysis fused with financial analysis, and fiduciary duty expanded to include social and environmental issues.

NEWS STORY:
Divesting from Genocide: More Conversation with Eric Reeves of the Divest Sudan Campaign
In part two of this two-part interview, Mr. Reeves discusses the significance of actions by the investment and legislative communities to address the humanitarian crisis in Sudan.

NEWS STORY:
US Banks Criticized for Involvement in China State Bank Bonds
Nongovernmental organizations and socially responsible investing firms criticize US banks for selling Chinese bonds that fund socially and environmentally problematic projects.

NEWS STORY:
Keeping Score: The Mathematics and Linguistics of the World Bank Extractive Industries Review
World Bank Group management and socially responsible investors interpret EIR recommendations differently.

NEWS STORY:
The Emergence Story Behind Indigenous Peoples Rights Screens
Socially responsible investment firms also engage in shareowner action on indigenous peoples rights issues.

NEWS STORY:
Jewish Institutional Investors Form Shareholder Engagement Network
The Jewish Shareholder Engagement Network is based on the notion that Jewish tradition supports such shareowner action as active proxy voting and dialogue with companies.

NEWS STORY:
Social Investors Urge World Bank to Adopt Extractive Industries Review Proposals
If adopted by the World Bank, EIR recommendations could serve as a social and environmental best practice benchmark for oil, gas, and mining companies.

NEWS STORY:
Film Depicts Environmental and Social Reporting Disappearing in SEC Black Hole
A documentary film by environmental attorney Sanford Lewis reveals the SEC's failure to enforce its rules requiring companies to disclose environmental and social liabilities.

NEWS STORY:
Top Five Social Investing News Stories of 2003
The major social investing news stories of the year include SEC reforms, stock exchanges mandating social, environmental, and corporate governance practices, and climate risk assessment defined as a fiduciary duty.

NEWS STORY:
2003 Proxy Season Roundup: Shareowner Action Success Measured On and Off the Record
While the 2003 proxy season produced some impressive numbers, shareowner advocates also define success in ways that are not easily quantifiable (Part one of a two-part article.)

NEWS STORY:
Two New Real Assets Funds Attract $25 Million in Their First Two Months
The Real Assets Social Leaders Fund and Social Impact Balanced Fund are off to a flying start, re-invigorating social investing in Canada.

NEWS STORY:
ISIS Product Offers Shareowner Action without Portfolio Management
Institutional investors can use ISIS's Responsible Engagement Overlay to promote better social and environmental performance at companies through dialogue, proxy voting, shareowner resolution filing, and research.

NEWS STORY:
New Proxy Voting Recommendation Service Provides Choice, Objectivity
Investor Responsibility Research Center teams with Glass, Lewis & Co. to provide proxy voting recommendations and voting services to institutional investors.

NEWS STORY:
Institutional Investor Practices SRI Through Shareowner Action
The Nathan Cummings Foundation prioritizes shareowner action by actively voting its proxies, filing shareowner resolutions, and dialoguing with companies on social issues.

NEWS STORY:
The Needmor Fund Utilizes a Muscular Definition of Fiduciary Responsibility
Susan Stranahan, treasurer of the Needmor Fund, discusses socially responsible investing as a fiduciary duty and tier A money managers who have a social mission.

NEWS STORY:
Eurosif Releases Transparency Guidelines for European SRI Funds
Eurosif asks socially responsible investment firms to disclose their policies and procedures around SRI issues.

NEWS STORY:
Religious Institutions Issue Benchmarks for Corporate Social Responsibility Performance
A global coalition of religious activists have published the third edition of a comprehensive set of guidelines for corporate social and environmental performance.

NEWS STORY:
The Answer to the Coffee Crisis? Farmers Want Fair Price, Kraft Says Increase Demand
Calls for fair prices and Fair Trade Certified coffee by social investors, coffee farmers, and Oxfam go unheeded by Kraft.

NEWS STORY:
Back in the U.S.A.
A combination of investors, activists, and congresspeople are working to make sure U.S. companies keep paying their share of taxes.

NEWS STORY:
ExxonMobil Receives 23 Shareowner Resolutions on Issues Ranging from Climate Change to Corporate Governance
Concerted shareowner action this proxy season targets ExxonMobil over such issues as its refusal to address climate change and its coupling of CEO and Chairman of the Board.

NEWS STORY:
Carbon Disclosure Project Informs Investors of Climate Change Risks and Opportunities
A new report finds that companies stand to gain competitive advantage by addressing climate change.

NEWS STORY:
ICCR Proxy Resolutions Book Gauges Shareowner Action Climate
In its new publication, the Interfaith Center on Corporate Responsibility rounds up the social and environmental shareowner resolutions to be voted on in the 2003 proxy season.

NEWS STORY:
National Policy Association Book Advocates Corporate Social Responsibility Reporting
A new book published by the National Policy Association makes a series of recommendations to promote global corporate social responsibility, among them triple bottom line reporting.

NEWS STORY:
Conference to Consider the Business Case for SRI
Institutional investors will discuss SRI at the Green Mountain SRI Summit, to be held in Stowe, Vermont in September.

NEWS STORY:
Connecticut Fights to Keep Stanley Works from Disappearing to Bermuda
Officials from Connecticut contend that Stanley Works continues to mislead shareowners about the effects of reincorporating in Bermuda.

NEWS STORY:
Debate Continues Over Effects of CalPERS' Divestment from Emerging Market Countries
Although CalPERS may reverse its decision to divest from the Philippines, the question of how other emerging markets will be affected by divestment remains unanswered.

NEWS STORY:
Directing the Faithful Call for Corporate Social Responsibility
An interview with Sister Patricia Wolf, executive director of ICCR, reveals how ICCR has remained a driving force in the corporate social responsibility movement and what might be in store for ICCR in the future.

NEWS STORY:
Group Invites Grantmakers to Invest with Their Values
The Foundation Partnership for Corporate Responsibility seeks to help foundations bring their investment principles in line with their mission.

NEWS STORY:
Proxy Monitor Buys ISS
Move gives one firm significant power in influencing the proxy votes of institutional investors.

NEWS STORY:
Canadian Parliament Votes to Give Socially Responsible Shareowner Proposals Equal Billing
New law will limit corporate management’s ability to claim that a proposal “promotes a cause” and therefore should be rejected.

BOOK REVIEW:
Book Review: The New Global Investors
Robert Monks calls on institutional investors to exercise their rights as shareowners and hold senior managers accountable for company performance and practices.

NEWS STORY:
Labor Standards Resolutions Garner Support in 2001 Proxy Season
Ten international labor and human rights proposals that came to vote this year received 10 percent or more support from shareowners.

BOOK REVIEW:
Book Review: The Rise of Fiduciary Capitalism
The fiduciaries of large institutional investors are finding it is in their interest, as shareowners, to urge corporate social responsibility.

NEWS STORY:
Citigroup Shareowner Resolutions Yield Mixed Results
Three of five resolutions achieve thresholds for resubmission next year.

NEWS STORY:
Environmental Groups Endorse Shareholder Resolutions
Environmental advocates ask for support for pro-environmental resolutions at a wide range of companies.

NEWS STORY:
Microsoft Resolution Spotlights Shareholder Concern Over Soft Money
A resolution calling for Microsoft to report its political contributions highlights increasing shareholder attention to the corporate influence of elected officials.

NEWS STORY:
Shareholders Bring Banks to Account for Three Gorges Dam
A resolution with three international lenders draws attention to their role in the environmental and human rights costs of China's colossal dam project.

NEWS STORY: SHAREOWNER ACTION

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