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Corporate Governance / Shareholder engagement


NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
US Chamber Targeted Senate in 2016 Dark Money Spending
Public Citizen reports that only the National Rifle Association spent more than the Chamber of Commerce’s $30 million during the 2016 federal election.

NEWS STORY: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION | FINANCIAL INDUSTRY
Impact Measurement Can Drive Business Value
The Global Impact Investing Network surveys impact investors and learns that in addition to environmental and social benefits, measuring their investments can improve financial performance.

NEWS STORY: SOCIAL ISSUES | HUMAN RIGHTS | SUPPLY CHAINS
Human Rights Most Important Issue in Corporate Supply Chains
Ethical Corporation reports on the results of its survey of corporations and other stakeholders, addressing risk and opportunity in corporate supply chains.

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: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
Walden Updates Shareowner Action on Lobbying
Tim Smith of Walden Asset Management posts update on the 50 shareowner proposal addressing corporate lobbying expenditures filed this proxy season.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING
After a Successful Proxy Season, Walden Asset Management Sets Sights on 2016
The sustainable investment firm reports on its shareowner action during the 2015 proxy season, and begins 2016 with resolutions addressing corporate climate change lobbying and emissions reporting.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING
Rankings of 2014 Corporate Social Responsibility Reports Are Published
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.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INFORMATION TECHNOLOGY
Shareowners Target Amazon on Human Rights and Climate
Sustainable shareowners submitted four resolutions addressing environmental, social, and corporate governance issues at this week's annual general meeting, as pressure grows for the company to improve its sustainability performance.

NEWS STORY: SHAREOWNER ACTION | OIL AND GAS COMPANIES
Carbon Tracker Offers Roadmap for Energy Transition
Asserting that many executives in the oil and gas industry assume a business as usual approach in their planning, the NGO warns that unconventional exploration and price volatility will have negative impacts for investors.

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: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
Strong Shareowner Support for Lobbying Disclosure at Monsanto
A resolution filed by As You Sow gains one-quarter of shareowners' votes at biotech company's annual meeting, and a similar resolution is scheduled to be voted on in April at DuPont.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
New Congress Off to Expected Start
The Republican majority votes to roll back key elements of the Dodd-Frank bill, and Bernie Sanders introduces an amendment to force Senators to vote on whether or not they believe the science of climate change. First of a two-part series.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
New Controls for Old Risks at JPMorgan Chase
In response to shareowner pressure, the bank endorses the Shareholder-Director Exchange as a means of improving the quality of engagement between investors and board directors. Second of a two-part series.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
JPMorgan Publishes Governance Report in Return for Resolution Withdrawal
Members of the Interfaith Center on Corporate Responsibility withdraw a key corporate governance resolution after the financial institution agrees to publish a report detailing its efforts at governance reform. First of a two-part series.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Voluntary Corporate Disclosure of Political Spending Improves
The fourth annual CPA-Zicklin Index, which tracks voluntary disclosures of political spending by major corporations, notes improved transparency in the absence of effective regulation.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Regulate Corporate Political Spending, One Million Say to SEC
At a press conference organized by members of the Corporate Reform Coalition, sustainable investors and other corporate governance advocates call on the Securities and Exchange Commission to mandate political spending disclosure by corporations.

NEWS STORY: SHAREOWNER ACTION | HUMAN RIGHTS | CONSTRUCTION INDUSTRY
Heavy Construction Equipment and the Israeli Occupation
Who Profits, a research organization based in Tel Aviv, issues a report analyzing the role of heavy equipment manufacturers in supporting Israeli occupation of Palestinian territories.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS | CLOTHING INDUSTRY
Investors Pressure Ralph Lauren on Human Rights
Members of the Interfaith Center on Corporate Responsibility attend annual shareowner meeting of Ralph Lauren to support a resolution filed by the AFL-CIO requesting that the company conduct a human rights risk assessment.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | SOCIAL ISSUES
Resolutions Target GMO Labeling and Extended Producer Responsibility at Safeway
The annual general meeting of the supermarket chain was dominated by merger talks, but health and environmental resolutions filed by Green Century and As You Sow were considered as well.

NEWS STORY: SUSTAINABLE INVESTMENT | CORPORATE REPORTING
Professional Institute for Sustainability Practitioners Launched in UK
Members of the UK-based Corporate Responsibility Group launch the Institute of Corporate Responsibility and Sustainability, a professional body for sustainability practitioners.

INTERVIEW: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Unitarians Craft Divestment Policy that Provides for Continued Engagement
SocialFunds.com talks with Simon Billenness of the Unitarian Universalist Association about the year-long process to develop a policy of divestment from fossil fuel companies while retaining shareowner engagement.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Shareowner Action on Fracking Disclosure Proves Strength of Proxy
The Investor Environmental Health Network reports that of six shareowner resolutions filed this year with companies engaged in hydraulic fracturing, four were withdrawn and two received substantial support.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Shareowner Rights Under Attack
Abetted by comments by an SEC commissioner, the US Chamber of Commerce petitions to keep shareowner resolutions from returning to proxy ballots.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE
Activist Shareowners Make Their Way to Texas to Confront Chevron
Simon Billenness of the Unitarian Universalist Association talks with SocialFunds.com about Chevron's ongoing legal quagmire in Ecuador and his efforts to have the oil and gas company appoint an independent Chair.

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: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Corporations Lagging in Sustainability Efforts
In a follow-up to their 2012 report on corporate sustainability, Ceres and Sustainalytics reiterate that major US corporations are failing to keep pace with urgent environmental and social challenges.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INFORMATION TECHNOLOGY
Google Facing Several Resolutions on Corporate Governance
The tech giant's 2014 proxy statement reads like a compendium of corporate governance issues. Second of a two-part series.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
Resolution Calls for Transparency in Lobbying Expenditures by Google
Filed by Walden Asset Management and other sustainable investment organizations, the resolution documents a 250% increase in lobbying expenditures by Google in the last five years. Part one of a two-part series.

NEWS STORY: SUSTAINABLE INVESTMENT | COLLEGE AND UNIVERSITY ENDOWMENTS
Harvard Joins Principles for Responsible Investment
Harvard's endowment is the first in the United States to join the global network of sustainable investors; the university also announces it will report its greenhouse gas emissions to the CDP.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING
Investors Call for Sustainability Reporting by Small-Cap Companies
A shareowner resolution from Walden Asset Management, part of a sustainable investor initiative, wins significant support at the annual general meeting of CLARCOR.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | STOCK EXCHANGES
Stock Exchanges to Study Sustainability Reporting Standards
The World Federation of Exchanges forms a sustainability working group to study environmental, social, and corporate governance (ESG) disclosure, and a coalition led by Ceres announces an initiative to engage global stock exchanges on the issue.

NEWS BRIEF: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION
News Briefs for March 26th
Trillium Asset Management withdraws shareowner proposal on political spending at Hess, and Calvert Investments wins Lipper Fund Award.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Investors Protest Corporate Lawsuits Against Shareowners
A coalition of investors led by NorthStar Asset Management writes to four companies that have sought to bypass regulatory system by bringing lawsuits against shareowners for resolutions they filed.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Massachusetts Court Upholds Corporate Governance Proposal
Denied a no-action letter by the SEC on a shareowner resolution calling for an independent chair, EMC turns to the courts instead and fails.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL SPENDING
More than 120 Companies Adopt Political Disclosure
The Center for Political Accountability announces that 122 companies have adopted political transparency and accountability as a result of agreements with the organization and its investor partners.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Investors Warned Again of Risks in Arctic Drilling
A coalition of nonprofit organizations releases a report for institutional investors detailing the considerable financial, environmental, and social risks associated with Shell's plans to drill for oil in the waters of the US Arctic.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
US SIF Publishes Political Spending Guide for Investors
Confronting Corporate Money in Politics focuses on using the proxy ballot to advocate for transparency in corporate political spending and lobbying expenditures.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
JPMorgan Agrees to Report on Governance and Risk Management
After engagement with the bank, members of the Interfaith Center on Corporate Responsibility withdraw resolutions addressing risk mitigation efforts and separating the positions of Board Chair and CEO.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
Shareowners Continue Efforts to Limit Corporate Political Spending
Sixty institutional investors file 48 shareowner resolutions calling on corporations to report on federal and state lobbying expenditures, including payments to trade associations.

BOOK REVIEW: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
Book Review: Trusting Harvard: The Cost of Unprincipled Investing, by Robert A.G. Monks and Marcy Murninghan
Two notable advocates for the practice of sustainable investment—both graduates of Harvard themselves—address the discrepancies between the university's academic mission and the investment policies of its endowment.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING
Investors Push Emerson Electric on Sustainability Reporting and Relationship with ALEC
For the fifth consecutive year, Walden Asset Management requests that company report on sustainability while two more shareowner resolutions request transparency on political spending and lobbying.

NEWS STORY: SHAREOWNER ACTION | FINANCIAL INDUSTRY
ICCR Members Challenge Banks on Ethics and Emissions
A perusal of shareowner resolutions filed by members thus far reveals requests that banks report on emissions in their lending portfolios and on how to ensure an end to unethical business activities.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS | FINANCIAL INDUSTRY
Genocide-Free Proposal to Stay On Proxy Ballot at Franklin Templeton
After the SEC rules against Franklin Templeton's request to have the resolution omitted, Investors Against Genocide will return to the mutual fund family's next annual meeting and renew call for a genocide-free investment policy.

NEWS STORY: SUSTAINABLE INVESTMENT | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Improved Corporate Communication Key to Long Term Investment
Based on consultations with investors and companies, a new paper finds little support for the concept of loyalty-driven securities, but investors agree on the importance of long-term investment horizons.

NEWS STORY: SHAREOWNER ACTION | ENVIIRONMENTAL ISSUES | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
NGOs Condemn Chevron for Assaults on Free Speech
Following the most recent of Chevron's legal maneuvers to avoid responsibility for environmental damage in Ecuador, a group of nongovernmental organizations publish an open letter condemning its tactics.

NEWS STORY: BOOK REVIEW | SHAREOWNER ACTION | CORPORATE GOVERNANCE
Book Review: Engaging Outraged Stakeholders
The three authors, who are executives with the nonprofit organization Future 500, counsel for a dispassionate approach to problem solving when corporations and civil society organizations meet.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Volcker Rule Is Finalized
After delays that gave rise to fears of gaming by banking industry lobbyists and led to a lawsuit by Occupy SEC, federal regulators finally issue final rules implementing the Volcker Rule.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE POLITICAL SPENDING | MUTUAL FUNDS
Mutual Fund Support for Political Spending Resolutions Inches Upward
The Center for Political Accountability and Fund Votes release their yearly analysis of voting on resolutions addressing disclosure of political spending by corporations.

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.

INTERVIEW: SHAREOWNER ACTION | ENVIIRONMENTAL ISSUES | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Shareowners Opt for Engagement to Press Chevron on Corporate Governance
Shareowner advocate Simon Billenness updates SocialFunds.com on judgment against Chevron in Ecuador, and explains why engagement with fossil fuel companies is more effective than divestment.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Shareowners Call for Independent Chair at Twenty-First Century Fox
A resolution co-filed by Christian Brothers Investment Services and the British Columbia Investment Management Corporation is supported by two-thirds of independent shareowners, but the company's dual-class stock structure insulates Rupert Murdoch from a majority vote.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS
Shareowners Question FedEx over Washington Redskins
A floor resolution at the company's annual meeting cites global human rights standards in asking for a report on the impact of ending a business relationship with the NFL team over racist nickname.

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: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL SPENDING
New Edition of Corporate Political Spending Index Published
The third annual edition of the CPA-Zicklin Index of Political Accountability and Disclosure documents improvements in disclosure of political spending by corporation.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FOOD INDUSTRY
As You Sow Engages with Food Companies on Packaging
The advocacy group succeeds in convincing McDonald's to end the use of environmentally destructive polystyrene foam cups, but decides to resubmit a shareowner resolution with General Mills after engagement over post-consumer packaging fails to lead to agreement.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE REPORTING
Record Number of Sustainability Resolutions in 2013
In its overview of the 2013 proxy season, Ceres reports that 40% of all resolutions filed address environmental and social issues, and that 40 of the 110 such resolutions were withdrawn.

NEWS BRIEF: SHAREOWNER ACTION | MUTUAL FUNDS
Shareowner Support for Environmental and Social Resolutions at a Ten-Year High
Jackie Cook of Fund Votes summarizes the 2013 proxy season and notes strong support for shareowner resolutions across the environmental, social, and corporate governance spectrum.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
US SIF Offers Guides on Climate Change Investment for Retail and Institutional Investors
Warning of the urgent crisis that is climate change, the guides provide basic information on voting proxies, filing shareowner resolutions, and public policy advocacy.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE POLITICAL SPENDING
Another Majority Vote for Political Spending Disclosure
A 65% vote by shareowners in favor of increased transparency on lobbying expenditures by Alliant Techsystems follows an even higher vote for a similar proposal at CF Industries.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS | FINANCIAL INDUSTRY
Investors Renew Call for Genocide-Free Investing at ING
More than a year has passed since a majority of shareowners supported a resolution sponsored by Investors Against Genocide, but the financial services firm continues to refuse to implement a genocide-free investment policy.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS | FINANCIAL INDUSTRY
Genocide-Free Shareowner Proposal Gains Strong Support at Fidelity Investments
Investors Against Genocide continues its campaign to pressure mutual funds and other financial institutions into adopting genocide-free investment policies.

NEWS BRIEF: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION
Gulf Persists Between Corporate Sustainability Claims and Performance
Sixty percent of corporate respondents to an oekom research survey suggest that rating agencies and sustainable investors influence strategy.

NEWS STORY: SHAREOWNER ACTION | ENVIIRONMENTAL ISSUES | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Investors Square Off with Chevron CEO at Shareowner Meeting
Shareowner advocate Simon Billenness cites the company's $19 billion legal quagmire in Ecuador in requesting a lower threshold for calling special meetings while Atossa Soltani of Amazon Watch is ejected from meeting at request of CEO John Watson.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
High Profile Proxy Season Reveals the Plumbing
A proxy distribution service abruptly reverses policy and refuses shareowner access to preliminary vote totals at JPMorgan Chase, and Institutional Shareholder Services settles charges that an employee sold voting data.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
JPMorgan Shareowners Vote on Corporate Governance and Genocide-Free Investing
A resolution calling for the separation of the positions of board chair and CEO gains the votes of one-third of the bank's shareowners, while support for a genocide-free investing proposal increases.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Chevron Continues to Misrepresent Ecuador Judgment, Updated Report Says
Attorney Graham Erion updates his 2012 report on misrepresentations made by Chevron to investors regarding the $19 billion judgment against it for environmental destruction in Ecuador.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Shareowners Re-file Governance Resolutions at News Corp
Christian Brothers Investment Services and the British Columbia Investment Management Corporation request separation of positions of board chair and CEO, while the Nathan Cummings Foundation calls for elimination of the media company's dual-class share structure.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Biggest Corporate Political Spenders Face Resolutions
Bank of America, Chevron, ExxonMobil and 3M all face shareowner resolutions requesting that they refrain from using corporate treasuries for political donations.

NEWS STORY: SHAREOWNER ACTIVISM | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Shareowners Call for a Vote in Favor of Good Governance at JPMorgan
In a letter to the bank's shareowners, the American Federation of State, County & Municipal Employees and its co-filers argue for support for their resolution calling for separation of the positions of Chair and CEO.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | DIVERSITY
Financial Firms Agree to Disclose Diversity Information
The New York City Pension Funds have reached agreement with three financial companies that will make public their EEO-1 data on diversity.

NEWS STORY: SHAREOWNER ACTIVISM | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Bankrolling the Dismantling of the Volcker Rule
Despite a Senate report finding that JPMorgan's London Whale losses would have been prohibited by the Volcker Rule, members of a House Committee take bank contributions and vote to advance a bill that would allow taxpayer bailouts of too big to fail banks.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | FOOD AND BEVERAGE INDUSTRY
Investors Support Launch of Access to Nutrition Index
Representing $2.6 trillion in assets under management, 39 investors call for widespread support of the Access to Nutrition Index, which ranks the performance of food and beverage companies in the areas of obesity and undernutrition.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS | FINANCIAL INDUSTRY
15 Million Shares Vote for Genocide-Free Investing Proposal at Mutual Fund
Investors Against Genocide calls on Franklin Templeton to adopt a policy against investing in companies whose operations contribute to genocide.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING
As You Sow Publishes 2013 Proxy Preview
Political spending resolutions account for one-third of those filed this year's, while two first-time resolutions request that companies in the fossil fuel industries report on the financial impact of stranded assets.

NEWS STORY: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
What Is the Real Financial Impact of Sustainable Investment?
Cary Krosinsky of the Network for Sustainable Financial Markets produces a white paper that argues the actual amount of assets devoted to sustainable investment strategies is considerably lower than reported by the world's largest sustainable investment forums.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Shareowners Call for Gender Diversity on Corporate Boards
Institutional members of the Thirty Percent Coalition file shareowner resolutions with 20 companies, requesting that they support diversity by including women and minority candidates on their boards.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Investors Question Payday Lending by Banks
The US Consumer Financial Protection Bureau contemplates regulations to protect against consumer debt traps, while ICCR members call on major banks to address their own risky lending products.

NEWS STORY: SHAREOWNER ACTION | ENVIIRONMENTAL ISSUES | CORPORATE REPORTING | OIL AND GAS INDUSTRY
Fracking on Proxy Ballots at Chevron and Exxon
Described as laggards for their failure to address investor concerns, the oil and gas giants face shareowner resolutions addressing environmental and social risks associated with hydraulic fracturing.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Lawsuit Dropped after Chip Maker Updates Political Spending Policy
After the New York State Comptroller filed suit in Delaware, Qualcomm updates its policy on political spending to include disclosure of payments to trade associations and social welfare organizations.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Shareowners Renew Call for Separation of CEO and Chair at JP Morgan Chase
The American Federation of State, County & Municipal Employees and a coalition of institutional co-filers will return to the banking giant's annual general meeting this year with a resolution that gained 40% of shareowner support in 2012.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE REPORTING
Shareowners Pressure Companies on Use of Renewables
Most of the 13 resolutions target energy use in the information technology and real estate industry sectors, requesting improved reporting and commitments to increased renewable energy sourcing.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
AFSCME Files 25 Shareowner Resolutions
The resolutions filed by the AFSCME Employees Pension Plan address sustainability issues including board diversity, human rights policies, separation of Chair and CEO, and lobbying expenditures.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING
Shareowners Call for Sustainability Reporting by Emerson Electric
For the fourth year in a row, a resolution filed by Walden Asset Management wins increased support from shareowners who want the company to improve its reporting on its ESG performance.

NEWS STORY: SHAREOWNER ACTION | HUMAN RIGHTS | EXTRACTIVE INDUSTRIES
Statoil Breaks with Trade Association over Lawsuit
Calvert Investments commends Statoil for explicitly distancing itself from lawsuit filed by the American Petroleum Institute that contests SEC regulation governing payments to governments.

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 | ENVIIRONMENTAL ISSUES | CORPORATE REPORTING | OIL AND GAS INDUSTRY
Shareowners Press on with Fracking Campaign
Nine oil and gas companies face shareowner resolutions this proxy season requesting quantitative reporting of risks associated with hydraulic fracturing and the management of fugitive methane emissions.

NEWS STORY: SOCIAL ISSUES | HUMAN RIGHTS
RepRisk Names Ten Most Controversial Companies in 2012
This year, the annual list from the Swiss-based environmental and social data provider focuses on poor labor conditions and human rights violations as well as bribery, fraud and money laundering.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Corporations Agree to Disclose Political Spending
The Center for Political Accountability announces that engagement has led to six corporations agreeing to adopt political disclosure and accountability, while a shareowner resolution at Visa gains significant support.

NEWS BRIEF: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Sustainable Investment Forums Form International Alliance
The Global Sustainable Investment Alliance, consisting of seven major sustainable membership organizations, publishes a survey of global trends in sustainable investment.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Sustainable Investors Pressure Visa on Lobbying Expenditures
A shareowner resolution co-filed by Boston Common Asset Management and the Unitarian Universalist Association, calling on Visa to fully disclose all payments used for lobbying purposes, will be voted on at the company's annual general meeting on January 30th.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS
Genocide-Free Investing Proposal on Proxy Ballot at Franklin Templeton
For the first time in at least 19 years, investors in the mutual fund will vote on a shareowner resolution, calling on the company to adopt policies to avoid investing in companies that contribute to genocide.

NEWS BRIEF: SHAREOWNER ENGAGEMENT | SOCIAL ISSUES
Trillium Engagement Leads to Non-Discrimination Policies at Four Companies
While employment discrimination against lesbian, gay, bisexual, and transgender remains common, a majority of Fortune 500 companies now include protections in their employment policies.

NEWS BRIEF: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY
Sustainable Investment Assets Continue Growth in Canada
The biennial report by the Social Investment Organization of Canada reveals that sustainable assets under management now represent 20% of the total.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Shareowner Resolution Challenges Chevron for Attacking Investors
The Needmor Fund and Zevin Asset Management file a shareowner resolution requesting that Chevron explain the rationale behind issuing subpoenas to force investors to share confidential communications.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Shareowner Urges End to Natural Gas Flaring
Mercy Investment Services files a shareowner resolution with Continental Resources, requesting that the oil company reduce or eliminate the environmentally destructive practice of natural gas flaring in its operations.

NEWS STORY: ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Dangerous Mishaps Plague Shell's Arctic Exploration
The Department of the Interior launches an expedited review of Shell's drilling program after a drill rig runs aground in the Gulf of Alaska.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE
Top Sustainable Investment Stories of 2012, Part 5
In a cautionary tale of poor corporate governance, the year for Chevron began with a court in Ecuador upholding the $18 billion judgment against it for environmental damage, and ended with the company's lawyers serving subpoenas on its own shareowners.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE
Top Sustainable Investment Stories of 2012, Part 4
Will the re-election of Barack Obama help further the sustainability agenda? Despite legislative inaction by Congress, regulatory agencies issued rules addressing climate change and corporate governance in 2012.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE
Top Sustainable Investment Stories of 2012, Part 3
For some institutional investors, shareowner tactics evolve from resolutions to engagement, and proposals addressing hydraulic fracturing focus concerns on community impacts.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | FINANCIAL INDUSTRY
Non-Violent Protest or Terrorist Threat?
FBI documents obtained by the Partnership for Civil Justice Fund reveal that coordination between the Bureau, the Department of Homeland Security, and the financial sector began even before the first demonstrations by the Occupy movement.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Top Sustainable Investment Stories of 2012, Part 2
As growing numbers of corporate governance advocates call on the Securities and Exchange Commission to regulate disclosure of corporate political spending, Walden Asset Management leads a shareowner campaign for disclosure of lobbying expenditures; and Wal-Mart faces investor criticism following allegations of bribery in Mexico.

NEWS STORY: SHAREOWNER ACTION | SUSTAINABLE INVESTMENT | MUTUAL FUNDS
Top Sustainable Investment Stories of 2012, Part 1
Assets allocated to sustainable investment continue to rise, with increasing amounts focusing on positive screening strategies; however, mainstream mutual funds continue to lag in supporting shareowner resolutions addressing climate change and corporate political spending.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | WEAPONS MANUFACTURERS
Newtown Tragedy Galvanizes Debate on Corporate Responsibility
The UN-endorsed Guiding Principles on Business and Human Rights recommends that companies address adverse impacts with which they are involved, and Robert Zevin of Zevin Asset Management reminds investors of their historic role in effecting social change.

NEWS STORY: SUSTAINABLE INVESTMENT | CARBON MANAGEMENT
Businesses Unprepared for Resource Scarcity
Carbon Trust surveys the CEOs of corporations in five countries and finds that most have not set targets for reducing their use of natural resources, with nearly half stating that to do so would cost too much.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Chevron Hits Sustainable Investors with Subpoenas over Ecuador
In its latest effort to avoid a $19 judgment for environmental damage in Ecuador, Chevron and Gibson, Dunn, & Crutcher, its law firm, have issued subpoenas to Trillium Asset Management and shareowner advocate Simon Billenness.

NEWS BRIEF: SHAREOWNER ACTION | POLITICAL SPENDING | MUTUAL FUNDS
Mutual Funds Slow to Engage on Political Spending
Despite growing attention to the risks for corporations, support by mutual funds for resolutions addressing political spending decreased in 2012.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Growing Pressure on SEC to Regulate Corporate Political Spending
After a petition calling for rules mandating disclosure attracts unprecedented support, officials at the Securities and Exchange Commission acknowledge they are considering the issue.

NEWS BRIEF: SHARREOWNER ACTION | CORPORATE REPORTING
SEC Chairman Schapiro to Step Down
As Chairman of the Securities and Exchange Commission since early 2009, Mary Schapiro dealt with the aftermath of the financial crisis and the implementation of new regulations mandated by Dodd-Frank.

NEWS STORY: SUSTAINABLE INVESTMENT
US SIF Publishes Biennial Sustainable Investment Trends Report
The 2012 Trends Report notes a total of $3.74 trillion in assets allocated to sustainable investment, a 22% increase over a two-year period.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Investors Urge Citigroup Board to Consider Breakup of Too Big to Fail Bank
Trillium Asset Management and AFSCME Employees Pension Plan file a shareowner resolution with Citigroup asking its board to explore a separation of one or more of its business units.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | INSTITUTIONAL INVESTORS
Assets of PRI Signatories Exceed $32 Trillion
With 254 new signatories to the Principles for Responsible Investment, the number now exceeds 1,100, even as 61 former signatories are delisted.

NEWS BRIEF: SOCIAL ISSUES | CORPORATE REPORTING | EXTRACTIVE INDUSTRIES
SEC Refuses to Delay Extractives Transparency Rule
The Commission tells industry trade association that rule governing disclosure of payments to governments will be implemented as scheduled, despite pending lawsuit challenging its validity.

NEWS BRIEF: SUSTAINABLE INVESTMENT | EMERGING MARKETS
Calvert Launches Emerging Markets Fund
The Calvert Emerging Markets Equity Fund uses the firm's environmental, social, and corporate governance criteria in determining the components of a portfolio investing in the fastest-growing segment of the global economy.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
A Different Take on CSR Disclosure and Political Spending
A report from two University of California professors determines that political contributions by corporate managers, when viewed through the lens of corporate social responsibility disclosures, can lead to excess stock returns, especially in states that vote Democratic.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | KEY PERFORMANCE INDICATORS
Initiative Will Help Quantify Corporate Reporting on Sustainability Issues
The Sustainability Accounting Standards Board will develop industry-specific key performance indicators for inclusion by companies in their annual financial reporting to the Securities and Exchange Commission.

NEWS BRIEF: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Sanders Chides Corporate CEOs for Calling on Congress to Cut Programs
The Vermont Senator says that the statement by 80 CEOs fails to account for the role of financial institutions in causing the recession, and calls instead for a deficit reduction plan in which the wealthiest pay their fair share of taxes.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Independent Shareowners Want Murdoch out as Chairman of News Corp
Resolutions calling for separation of Chairperson and CEO, and end to dual-class stock structure, gain support of two-thirds of independent shareowners at media company's annual meeting.

NEWS BRIEF: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Investors in UK Celebrate National Ethical Investment Week
A survey conducted for the occasion reveals that almost half of adults with investments want large pension plans to sign onto the UK Stewardship Code, and research from EIRIS finds $18 billion invested in green and ethical retail funds.

NEWS STORY: SHAREOWNER ACTION | SUSTAINABLE INVESTMENT | EMERGING MARKETS
Project Promoting ESG Disclosure in Emerging Markets Issues Final Report
The Emerging Markets Disclosure Project notes that considerable improvements in ESG reporting have been driven by regulatory regimes such as sustainable stock exchanges, but calls for reliance upon standardized reporting to increase attractiveness of emerging markets for investors.

NEWS BRIEF: SHAREOWNER ACTION | COMMUNITY INVESTMENT | FINANCIAL INDUSTRY
ICCR Ally Succeeds in Bank of America Engagement
Virginians Organized for Interfaith Community Engagement persuades Bank of America to help homeowners in Virginia county hit hard by mortgage crisis.

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: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
$18 Billion Judgment Against Chevron Stands
The US Supreme Court declines to hear Chevron's arguments for overturning the largest environmental judgment in history, leaving the company vulnerable to charges of securities law violations.

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 ENGAGEMENT | CORPORATE GOVERNANCE
2012 Moskowitz Prize Awarded to Paper Linking Improved Corporate Performance with Successful Shareowner Engagement
Entitled Active Ownership, this year's winning paper analyzed shareowner engagements on environmental, social, and corporate governance issues, and found that successful engagement led to abnormal positive returns of 4.4%.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Task Force Files Lawsuit against JPMorgan Chase
The Residential Mortgage-Backed Securities Working Group, a state-federal task force, announces its first legal action, charging the bank for fraudulent misrepresentations of mortgage­-backed securities by Bear Stearns & Co.

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 | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Chevron Wants Access to Emails of Critics
The oil company's latest effort to avoid paying a $19 billion judgment for extensive environmental damage in Ecuador involves trying to gain access to the private email accounts of 101 people who have worked on the case.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CORPORATE GOVERNANCE | STOCK INDEXES
GMI Licenses Research for Corporate Governance Indexes
The firm's agreement with the Global Index Group, which will create the first indexes focusing on corporate governance performance, is commended by governance advocate James McRitchie as a very important development for investors.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS
As Burma Sanctions Ease, Human Rights Advocates Urge Caution
Shareowner advocate Simon Billenness is preparing a draft of guidelines for corporations seeking to do business in Burma, and Nobel Peace Prize recipient Daw Aung San Suu Kyi urges corporate transparency to ensure that human rights are honored.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Index of Corporate Political Spending Updated
The Center for Political Accountability and the Zicklin Center update their Index of Corporate Political Accountability and Disclosure, finding that voluntary disclosure of corporate political spending is becoming a mainstream practice.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE
GMI and Trucost Form Partnership
The strategic partnership provides for environmental research by Trucost to be incorporated into GMI's analysis of the corporate governance performance of companies.

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.

INTERVIEW: COMMUNITY INVESTMENT | FINANCIAL INDUSTRY
Rebranded, the SRI Conference Heads East
SocialFunds.com talks with Steve Schueth of First Affirmative Financial Network about the history of the conference and the decision to locate it at the Mohegan Sun in Connecticut this year. First of a two-part series.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
CalSTRS Engages with Russell 2000 Companies on Majority Voting Standard
The pension fund's engagement with 95 companies during 2012 proxy season results in 86% of them either adopting the standard or making significant progress toward doing so.

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.

INTERVIEW: SUSTAINABLE INVESTMENT | CORPORATE GOVERNANCE| EMERGING MARKETS
Emerging Markets ESG Updates Database of Contacts
SocialFunds.com talks with Geoffrey Mazullo, whose twenty years of involvement with environmental, social, and corporate governance issues in emerging markets have provided him with a wealth of data and contacts compiled in a unique resource.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | BRIBERY AND CORRUPTION
Pension Fund Wants Wal-Mart to Come Clean on Bribery Allegations
After receiving documents relating to allegations of bribery by the retail giant's Mexican subsidiary, the Indiana Electrical Workers Pension Trust Fund charges in a lawsuit that nearly half of the pages were blacked out.

NEWS BRIEF: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY | INSTITUTIONAL INVESTORS
Mercer to Incorporate ESG in Mainstream Client Reports
Citing a growing interest in environmental, social, and corporate governance from institutional investors, the consulting firm will include ESG factors in reports relating to fund manager search and performance.

NEWS STORY: SHAREOWNER ACTION | FINANCIAL INDUSTRY | MEDIA COMPANIES
News Networks Ignore a Major Banking Scandal
The Interfaith Center on Corporate Responsibility writes to ABC and NBC, asserting that the networks have failed to cover the LIBOR rate-fixing scandal and its severe impacts on the poor and most vulnerable.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES | PHARMACEUTICAL INDUSTRY
Investors Take on Corporate Payments to Pharmaceutical Trade Association
Four major pharmaceutical companies may be undermining their profitability by membership in and payments to an industry trade association that contributed to candidates opposed to birth control.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Church of England Sells its Shares in News Corp.
A year of engagement following the phone hacking and bribery scandal has failed to produce a commitment by the media giant to improve its corporate governance, and the Church responds to the lack of progress with divestment.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INDIVIDUAL INVESTORS
Proxy Access Still Key to Changing Corporate Behavior
SocialFunds.com talks with James McRitchie of CorpGov.net about corporate governance shareowner proposals and the case for improved proxy access for individual investors.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Companies Challenged over Membership in ALEC and Heartland Institute
Walden Asset Management spearheads a letter-writing campaign by shareowners urging corporations tor review their memberships in the controversial organizations.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
Emphasis on Engagement Seconded by Mainstream
A report from Ernst & Young analyzing the 2012 proxy season agrees with observations by sustainable investment organizations that increased shareowner engagement represents the most dramatic development.

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: CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
Institutional Investors: Part of the Problem or Part of the Solution?
Authors Ben Heineman and Stephen Davis argue in a working paper that many institutional investors lag behind corporations in transparency, and call for a national database on the behavior of institutions. Second of a two-part series.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
What Good Are Shareowners?
An analysis published in the current Harvard Business Review argues that the rise of short-termism in the markets, and poor communications between management and shareowners, require engagement by diverse long-term stakeholders. First of a two-part series.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Voting Rights Curtailed by Dual-Class Structure, News Corp. Shareowners Call for Reforms
Eighteen investors representing over $1.6 trillion in assets under management write to Rupert Murdoch, urging him to support a shareowner resolution calling for the separation of the positions of Chair and CEO.

NEWS BRIEF: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
College Endowments Lagging in Sustainable Investment
Once leaders in sustainable investment and shareowner advocacy, college and university endowments now lag behind many mainstream institutions in the uptake of environmental, social, and corporate governance investment criteria.

NEWS STORY: SHAREOWNER ACTION | PROXY ACCESS | INSTITUTIONAL INVESTORS
ICCR and the Business Case for Sustainability
For the first time, members of the Interfaith Center on Corporate Responsibility engage in corporate dialogues more often than submit shareowner resolutions, reflecting the growing awareness of the business case for corporate sustainability measures. Second of a two-part series.

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 | ENVIRONMENTAL ISSUES
Proxy Season Results Support Mainstreaming of ESG
This year's shareowner resolution tracker from Ceres notes that almost half of the environmental and social resolutions coordinated by the organization were withdrawn after successful engagement with companies. First of a two-part series.

NEWS BRIEF: SHAREOWNER ACTION | PROXY ACCESS
Experiment in Proxy Access for Retail Investors to End
Citing persistent regulatory obstructions, Moxy Vote announces that it will cease operations on July 31st, ending a service to help individual investors vote their proxy ballots.

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: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Shareowners Await Support from Legislators and Regulators in Addressing Corporate Political Spending
As support for resolutions requesting disclosure of corporate political spending increases, efforts to address the issue on a macro level are stirring but are unlikely to affect 2012 elections.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Separating CEO and Chair Provides Financial Benefits
A report from GMI Ratings finds that companies with a combined CEO and chair pay far more compensation for the positions, are more likely to pursue aggressive accounting practices, and are twice as likely to receive a failing grade for environmental, social, and corporate governance performance.

BOOK REVIEW: ENVIRONMENTAL ISSUES | HUMAN RIGHTS | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Book Review: Private Empire: ExxonMobil and American Power, by Steve Coll
In a well-researched investigation into the inner workings of one of the world's largest and most powerful corporations, author Steve Coll details ExxonMobil's efforts to discredit climate science and extract resources in countries ruled by autocrats.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL SPENDING
Shareowners Vote on Resolution Asking Target to Refrain from Political Spending
Filed in the aftermath of a 2010 consumer boycott over a political donation by the retailer, the resolution wins enough support to reappear on next year's proxy ballot.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
Sanders Calls for End of Conflicts of Interest on Federal Reserve Boards
After introducing legislation prohibiting bank executives from serving on Federal Reserve boards, Sen. Sanders of Vermont names 18 Fed directors whose firms benefited from the bailout during the financial crisis.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | MUTUAL FUNDS
Proxy Voting on Climate Change by Mutual Funds Fails to Account for Materiality
An analysis by Ceres and Fund Votes of 2011 proxy voting reveals that the three largest mutual funds failed to vote in favor of a single climate-related resolution.

NEWS BRIEF: SHAREOWNER ACTION | POLITICAL EXPENDITURES | OIL AND GAS INDUSTRY
Shareowners to Vote on Lobbying by Energy Companies
Resolutions submitted by Walden Asset Management at Devon Energy and Chesapeake Energy call for disclosure of corporate lobbying expenditures.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE REPORTING
Investors Urge Corporations to Consider Physical Impacts of Climate Change
A new report notes improved corporate reporting on greenhouse gas emissions emerging from SEC guidance, but calls for improved management and disclosure of extreme weather events and other physical risks.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Shareowners Voice Support for Environmental and Governance Resolutions at Chevron
A call for the separation of the positions of CEO and Board Chair gains more than 38% of shareowner support, while 27% vote in favor of improved disclosure of risks associated with hydraulic fracturing.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Investors Write to Chevron Again
Led by the New York State Common Retirement Fund, a coalition of 40 institutional investors with $580 billion in assets under management calls on Chevron to end its legal wrangling over an $18 billion judgment against it for environmental damage in Ecuador.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS COMPANIES
Investors Warned to Question Shell's Plans for Arctic
Citing the likelihood that control of a spill in ice-covered waters will fail, and outlining Shell's poor track record in the Russian Far East, Greenpeace advises investors to ask hard questions about the risks to the company's financial health.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS COMPANIES | HYDRAULIC FRACTURING
A Trillion Dollar Call for Best Practices in Fracking Operations
Fifty-five institutional investment organizations representing $1 trillion in assets under management call for adoption of best practices by oil and gas companies engaged in hydraulic fracturing.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Shareowners Ask SEC to Investigate Chevron
Three sustainable investment organizations say that the company's management appears to be covering up the risks associated with an $18 billion legal judgment against it for environmental damage in Ecuador. Second of a two-part series.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Is Chevron in Violation of Securities Law?
New reports on Chevron's liabilities relating to environmental damages in Ecuador assert that while the company's legal options have narrowed significantly, its public filings repeat the same arguments made in 2008. First of a two-part series.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
JP Morgan Chase Holds Annual Meeting Days After $2 Billion Loss
A resolution calling for improved corporate governance through separating the roles of Chair and CEO gains 40% of shareowner support.

NEWS STORY: SHAREOWNER ACTION | INSTITUTIONAL INVESTORS
ICCR Responds to Vatican Investigation of US Nuns
The all-male Church hierarchy apparently wants less social justice work by women religious in the US, and more outspoken opposition to homosexuality, abortion, and women's ordination.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Political Spending Proposal at CVS Caremark Goes to Vote Tomorrow
For the sixth year, shareowners will vote on a proposal from Green Century Capital Management, requesting disclosure of direct and indirect political spending by the company.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Chesapeake Energy Agrees to Separation of Chair and CEO
The controversial oil and gas company agrees to a key corporate governance reform after widespread criticism of an arrangement allowing CEO Aubrey McClendon to borrow more than a billion dollars from its treasury.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | OCCUPATIONAL HEALTH AND SAFETY
Shareowner Group Details Occupational Health and Safety Issues for Investors
The Shareholder Association for Research and Education issues investor guidance for assessing the health and safety policies and practices of Canadian corporations.

NEWS BRIEF: SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING
EIRIS Reports on Sustainability Practices of Largest Global Companies
Companies in the US and Asia lag behind their peers in Europe, while significant differences persist among corporate approaches to sustainability.

NEWS STORY: SUSTAINABLE INVESTMENT | SHAREOWNER ACTION | CORPORATE GOVERNANCE
Clock Is Ticking While Corporate Sustainability Lags
A report from Ceres and Sustainalytics identifies a small number of US corporations leading sustainability efforts, but more decisive action is required to embed sustainability by 2020. First of a two-part series.

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: SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING | FINANCIAL INSTITUTIONS
UKSIF Endorses Key Investor Initiatives for Rio+20
The Natural Capital Declaration commits financial institutions to integrating environmental considerations into their products and services, while the Corporate Sustainability Reporting Coalition seeks a convention on corporate reporting.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Corporate Political Spending: Why Do they Do It?
With six months to go before election, corporations can still spend freely and in relative secrecy, and do so, despite numerous studies associating political spending with lower returns.

NEWS BRIEF: SHAREOWNER ACTION | OIL AND GAS COMPANIES | HYDRAULIC FRACTURING
Retail Investors Invited to Discussion on Fracking
Moxy Vote provides a forum for individual investors to vote their proxies, and invites them to weigh in on hydraulic fracturing resolutions at Chevron and Exxon Mobil.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | CORPORATE GOVERNANCE | BRIBERY AND CORRUPTION
Investors Speak Out on Wal-Mart Bribery Allegations
Members of the Interfaith Center on Corporate Responsibility, who have been engaging with the retail giant on social issues for decades, express their dismay over allegations of bribery and subsequent efforts to impede an investigation.

NEWS BRIEF: SOCIAL ISSUES | CORPORATE GOVERNANCE | BRIBERY AND CORRUPTION
Wal-Mart Gets ESG Rating of F After Bribery Allegations
GovernanceMetrics International assigns a failing grade to the retail giant's environmental, social, and corporate governance performance following revelations that information about a bribery scandal in Mexico was covered up.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA INDUSTRY
Eurosif Outlines ESG Risks to Media Companies
The fast-changing media sector faces risks associated with trust, freedom of expression, and diversity, and a report cites examples of best practice in an environment dominated by the News Corporation's phone hacking scandal.

NEWS BRIEF: SHAREOWNER ACTION | MINING INDUSTRY
Investors Challenge Goldcorp's Closing Costs for Guatemala Mine
Two institutional investors warn that Goldcorp faces litigation risks if its plan for funding the environmental cleanup of its mine in Guatemala is inadequate.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Investors Take on ALEC in Aftermath of Trayvon Martin Killing
Tim Smith of Walden Asset Management writes to investors, stating that corporations associated with the American Legislative Exchange Council face reputational risks and should review their funding of the controversial organization.

NEWS BRIEF: SHAREOWNER ACTION | HUMAN RIGHTS | FINANCIAL INDUSTRY
JPMorgan Chase Faces Investing in Genocide Resolution
For the second year, Investors Against Genocide submits shareowner proposal addressing JPMorgan Chase's extensive holdings in PetroChina, a corporate contributor to genocide in Sudan.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | SUPPLY CHAIN MANAGEMENT
Companies Advised to Address Risks in Supply Chains
A Procurement Report from Eurosif establishes the business case for addressing environmental and social risks in corporate supply chains, and recommends that investors assess the exposure of companies in their portfolios.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INSTITUTIONAL INVESTORS
SEC Reconvenes Investor Advisory Committee
The Committee, which was formed in 2009 and terminated after passage of the Dodd-Frank bill, again includes representatives of the sustainable investment industry.

NEWS STORY: SUSTAINABLE INVESTMENT | CORPORATE REPORTING | RENEWABLE ENERGY TECHNOLOGIES
Solar Industry Maturing Despite Lack of Subsidies
A report from As You Sow details examples of best practice in environmental, social, and corporate governance considerations by solar companies, and provides a benchmark for investors to track sustainable developments in the industry.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE REPORTING | OIL AND GAS INDUSTRY
Regulatory Path Cleared for Fracking Resolution at Exxon
The Securities and Exchange Commission overrules challenge by ExxonMobil to hydraulic fracturing resolution submitted by As You Sow.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | FINANCIAL INDUSTRIES
Shareowner Advocates Disappointed by Goldman's Choice for Lead Independent Director
The American Federation of State, County & Municipal Employees withdraws resolution calling for separation of Chair and CEO at Goldman Sachs, then expresses disappointment at the firm's choice for lead independent director.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Listen to Investors, Ernst & Young Tells Corporate Boards
A white paper from the consulting firm anticipates that shareowner support for environmental and social resolutions will continue to grow, and that boards should take concrete steps to ensure that the perspectives of investors are considered.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Shareowner Resolution Calls for Independent Board Chair at News Corporation
Christian Brothers Investment Services resubmits proposal introduced at the media giant's annual meeting last October, citing the company's inaction in implementing reforms in the wake of phone hacking scandal.

NEWS STORY: SOCIAL ISSUES | HUMAN RIGHTS | INFORMATION TECHNOLOGY
Apple Moves from Laggard to Sector Leader on Transparency
The computer giant agrees to implement remedial action recommended by the Fair Labor Association's investigation of working conditions at Foxconn factories in China.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MINING INDUSTRY
RepRisk Names World's Most Controversial Mining Companies
Alpha Natural Resources, the parent company of Massey Energy, ranks first on RepRisk's list, which highlights the consequences of environmental, social and governance risks on corporate reputations, access to capital, and licenses to operate.

NEWS STORY: CORPORATE GOVERNANCE | POLITICAL EXPENDITURES | INSTITUTIONAL INVESTORS
Corporate Governance Advocates Take on Political Spending and Contracts with Managers
The International Corporate Governance Network publishes a statement on corporate political spending and a model mandate for contracts between asset owners and managers.

NEWS BRIEF: SHAREOWNER ACTION | CORPROATE GOVERNANCE | PROXY ACCESS
New York City Pension Funds File Corporate Governance Resolutions at 13 Companies
Shareowners request that Chesapeake Energy and Nabors Industries permit proxy access, and additional resolutions address board declassification, an independent board chair, and a majority voting standard.

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 BRIEF: CORPORATE REPORTING | INTEGRATED REPORTING
Momentum Grows for Integrated Reporting
With the Rio+20 Conference on Sustainable Development three months away, numerous voices speak out on the need for governments to mandate sustainability reporting by large companies.

NEWS STORY: SHAREOWNER ACTION | OIL AND GAS INDUSTRY | HYDRAULIC FRACTURING
Investors Continue Pressure for Fracking Disclosure
Two guides for investors and companies engaged in hydraulic fracturing have been published in recent months, and four of ten shareowner resolutions calling for increased disclosure of risks have been withdrawn.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA INDUSTRY
James Murdoch Steps Down at News International
Christian Brothers Investment Services welcomes the move as a small first step, but calls for additional corporate governance reforms at the media giant.

NEWS STORY: SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING
On a Bumpy Road Toward the Sustainable World
A morning's reading ranges from Davos to ESG metrics, and the prevailing message is that improved collaboration among all stakeholders is necessary to rescue the world from an unsustainable future.

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.

INTERVIEW: SHAREOWNER ACTION | CORPORATE GOVERNANCE | CORPORATE REPORTING
Zevin Asset Management Grows into a Corporate Engagement Powerhouse
The Boston-based investment manager, with $335 million in assets under management, has co-filed 14 shareowner resolutions for the 2012 proxy season.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | HUMAN RIGHTS | OIL AND GAS INDUSTRY
Investors Write to Chevron on Country Selection
Following an unproductive meeting with Chevron on its operations in Burma, shareowners make public a letter in which they request transparency in the company's country selection criteria.

NEWS STORY: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Lydenberg's Argument for Reasonable Investment Wins IRRC Award
Steven Lydenberg, Chief Investment Officer of Domini Social Investments, wins the first Post-Modern Portfolio Theory award from the IRRC Institute for his paper espousing reasonable, rather than merely rational, investment.

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.

INTERVIEW: SHAREOWNER ACTION | SOCIAL ISSUES | INSTITUTIONAL INVESTORS
ICCR Focuses on Dialogues More than Resolutions in Corporate Engagement
SocialFunds.com talks with Laura Berry about the Interfaith Center on Corporate Responsibility's shift in emphasis from filing shareowner resolutions to corporate engagement through dialogues.

NEWS BRIEF: CORPORATE GOVERNANCE | FINANCIAL INDUSTRY
House Republicans Gut Key Provision of STOCK Act
House Majority Leader Eric Cantor strips provision requiring political intelligence consultants to register as lobbyists from version of bill passed by Senate.

NEWS BRIEF: SHAREOWNER ACTION | OIL AND GAS COMPANIES | HYDRAULIC FRACTURING
Shareowners Continue Campaign for Disclosure of Risks Associated with Fracking
Ten shareowner resolutions addressing hydraulic fracturing have been filed thus far for the 2012 proxy season, and proponents for improved disclosure look to improve upon last year's 40% vote in support.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | INFORMATION TECHNOLOGY
CalSTRS to Facebook: More Women on Board
The pension fund's Director of Corporate Governance writes to Mark Zuckerberg, expressing disappointment in the lack of diversity on Facebook's board of directors.

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.

BOOK REVIEW: BOOK REVIEW | SUSTAINABLE INVESTMENT
Book Review: Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership
Trucost executive Cary Krosinsky edits a book of essays demonstrating that sustainable investment in an era of growing resource scarcity yields significant opportunities for portfolio outperformance.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Shareowners File 40 Resolutions on Lobbying Expenditures by Corporations
Walden Asset Management leads a coalition of investors calling on companies to disclose both direct lobbying expenditures and indirect funding of lobbying through trade associations.

NEWS BRIEF: SHAREOWNER ACTION | CHEMICAL INDUSTRY | FOOD SAFETY
Harrington Investments Requests that Monsanto Report on GMOs
The chemical giant refuses to allow a proxy to speak on behalf of the shareowner resolution at tomorrow's annual general meeting, and Harrington joins in call for demonstrations.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
On Second Anniversary of Citizens United, Coalition Calls on SEC to Mandate Disclosure
The Corporate Reform Coalition holds a press conference in which members express support for a petition requesting that the Securities and Exchange Commission establish rules mandating that public corporations disclose their political spending activities.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | HUMAN RIGHTS | BRIBERY & CORRUPTION
Shareowner Activists Urge Siemens to Quit Chamber of Commerce
CtW Investment Group writes to the German industrial conglomerate, stating that its position on the Chamber's board is at odds with the trade association's efforts to weaken the Foreign Corrupt Practices Act.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL EXPENDITURES
Shareowners to Corporations: Say No to Political Expenditures
Trillium Asset Management and Green Century Capital Management file resolutions with Bank of America, 3M, and Target, requesting that they refrain from making political donations.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Ecuadorian Court Upholds $18 Billion Judgment Against Chevron
In addition to upholding the judgment for environmental damages in Ecuador's Amazon rainforest, the court also criticized Chevron's efforts to undermine the trial.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | CORPORATE POLITICAL SPENDING
States, Cities Call for End of Corporate Personhood
California joins Vermont in calling for a constitutional amendment overturning Citizens United, and the New York City Council joins Los Angeles in unanimously supporting an amendment.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | CORPORATE POLITICAL SPENDING
Ban on Corporate Political Spending Upheld in Montana
The Montana Supreme Court rules in favor of reinstating the state's century-old ban on direct political spending by corporations.

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 BRIEF: SHAREOWNER ACTION | HUMAN RIGHTS | CONFLICT MINERALS
Shareowner Engagement Leads to Adoption of Human Rights Policy at OM Group
The company operates a cobalt smelter in the Democratic Republic of the Congo, where a 2007 workplace accident at a joint venture partner killed three children.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Shareowners Press Chevron to Acknowledge Environmental Liabilities in Ecuador
Even as Chevron's liability for a November oil spill in Brazil reaches billions of dollars, the company still refuses to disclose to shareowners the risks associated with an $18 billion court judgment against it in Ecuador. Second of a two-part series.

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: SHAREOWNER ACTION | CORPORATE REPORTING | CORPORATE POLITICAL SPENDING | MUTUAL FUNDS
Mutual Fund Support for Political Spending Disclosure Inches Upward
An analysis prepared for the Center for Political Accountability by Jackie Cook of Fund Votes reveals that mutual fund support for corporate political spending disclosure increased in 2011 for eighth year in a row.

NEWS BRIEF: SHAREOWNER ACTION | PROXY ACCESS | PROXY ADVISORY FIRMS
Schapiro Remarks Suggest Regulation of Proxy Advisors
The SEC Chairman cites corporate concerns over quality of information used for recommendations, and potential conflicts of interest, as reasons for regulation of proxy advisory firms.

NEWS STORY: COMMUNITY INVESTMENT | IMPACT INVESTORS
New Report Surveys Current State of Impact Investing
The Global Impact Investing Network finds that impact investors often provide debt investments to microfinance institutions in emerging markets, but provides little to distinguish the practice from sustainable investing.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | OIL AND GAS INDUSTRY | HYDRAULIC FRACTURING
Investors Provide Guidance for Companies Engaged in Hydraulic Fracturing
SocialFunds.com talks with Richard Liroff of the Investor Environmental Health Network about a collaborative effort with the Interfaith Center on Corporate Responsibility to minimize risks associated with fracking through key performance indicators and best practices.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | EXECUTIVE COMPENSATION
Shareowners Support Annual Say-on-Pay Votes
An analysis by GovernanceMetrics International finds that while 42% of companies recommended a shareowner vote on executive compensation every three years, 72% of shareowners voted in favor of annual votes.

NEWS BRIEF: CORPORATE GOVERNANCE | HEALTH AND SAFETY | COAL INDUSTRY
Massey Energy Parent Fined $209 Million for Fatal Mine Disaster
The Mine Safety and Health Administration says that corporate culture at Massey was the root cause of the Upper Big Branch mine explosion in West Virginia that killed 29 workers.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | EXECUTIVE COMPENSATION
42 S&P500 Companies at Risk for Failed Say-on-Pay in 2012
An analysis by GovernanceMetrics International finds that 157 companies in the Russell 3000 also failed to gain 70% of shareowner support, and recommends that those companies engage with shareowners on executive compensation.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Grassroots Support Grows for Constitutional Amendment on Corporate Personhood
The founders of Ben and Jerry's Ice Cream help launch Business for Democracy, and Move to Amend supports a constitutional amendment ending "legal fiction" of corporate personhood.

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 | CORPORATE GOVERNANCE | PROXY ACCESS
Two Shareowner Proposals Request Proxy Access
The proposals are based on a Model Shareowner Proposal for Proxy Access, developed by the United States Proxy Exchange, which requests shareowner votes under SEC Rule 14a-8.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | CORPORATE POLITICAL EXPENDITURES
Wall Street Journal Op-ed Attacks Corporate Disclosure of Political Spending
Bruce Freed of the Center for Political Accountability talks with SocialFunds.com about the mischaracterizations in the Journal's op-ed piece, and describes the widespread support for greater disclosure.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | HUMNA RIGHTS
Investors Provide Guidance for Compliance with California Transparency in Supply Chains Act
Companies are encouraged to go beyond compliance with law and enact policies that commit them to addressing human trafficking in their supply chains.

NEWS STORY: SHAREOWNER ACTION | SOCIAL ISSUES | HUMAN RIGHTS | MUTUAL FUNDS
Praxis Targets Cell Service Providers in Conflict Minerals Campaign
SocialFunds.com talks with Mark Regier of Praxis Mutual Funds about the launch of campaign to bring cell service providers into the conversation about conflict minerals.

NEWS STORY: SHAREOWNER ACTION | MUTUAL FUNDS
Support by Mutual Funds for Sustainability Proposals Increases, but is it Happening Quickly Enough?
SocialFunds.com talks with Jackie Cook of Fund Votes about the results of voting by mutual funds on shareowner proposals in 2011 relating to sustainability.

NEWS BRIEF: SHAREOWNER ACTION | SOCIAL ISSUES | FINANCIAL INDUSTRIES
Zuccotti Park Cleared of Occupy Protesters
Police action to remove activists from original Occupy Movement encampment occurs two days before planned rally to shut down Wall Street.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | CORPORATE POLITICAL SPENDING
Corporate Political Spending: More Disclosure but a Billion Dollars Spent in 2010
The IRRC Institute confirms that more boards oversee political expenditures but that more money is being spent as well.

NEWS STORY: CORPORATE REPORTING | INTEGRATED REPORTS
CR Reporting on Upswing, but Improvements in Implementation and Assurance are Needed
KPMG surveys the state of Corporate Responsibility reporting among the world's largest companies, and helps the Global Reporting Initiative produce a database of corporate sustainability disclosures.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL EXPENDITURES
Investors Call on SEC to Regulate Corporate Political Spending
SocialFunds.com talks with Adam Kanzer of Domini Social Investments about the investor effort to persuade the Securities and Exchange Commission to consider regulation of corporate political spending. Second of a two-part series.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | CORPORATE POLITICAL SPENDING
Democrats Seek to Limit Corporate Political Spending
A group of Senators introduces a constitutional amendment that would authorize Congress to regulate political spending and allow states to do so. First of a two-part series.

NEWS BRIEF: SHAREOWNER ACTION | PROXY ADVISORY SERVICES
ISS Seeks Investor Input for Revised Proxy Voting Policies
Institutional Shareholder Services says the comment period for the 2012 update of its proxy voting policies will run through November 7th.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | POLITICAL SPENDING
Index Ranks Companies on Political Spending Disclosure
The Center for Political Accountability collaborates with the Zicklin Center for Business Ethics Research in the Index of Corporate Political Disclosure and Accountability, which ranks companies in the S&P 100 according to their disclosure and board oversight of political spending.

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 STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Murdoch to Shareowner Activists: the Polls are now Closed
Julie Tanner of Christian Brothers Investment Services describes the frustration of advocating for governance reforms at the annual meeting of scandal-plagued News Corp.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Proxy Firm Tells US Investors to Oust News Corp Directors
Citing concerns about objectivity and independence, Glass Lewis advises shareowners to vote against six of the media giant's directors.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING
SRI in the Rockies: Public Policy as a Strategic Tool for Sustainable Investment
Leading voices for shareowner action discuss public policy engagement at this year's SRI in the Rockies conference.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | CORPORATE POLITICAL SPENDING
Almost 500 Firms Asked to Disclose Political Spending
Citing the risks posed to corporations by Citizens United, the Center for Political Accountability asks companies to adopt disclosure on political spending in advance of 2012 proxy season.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | EXECUTIVE COMPENSATION
Council of Institutional Investors Analyzes Say-on-Pay Proposals
A report from the CII finds that pay for performance issues were cited most often by institutional investors as the reason for voting against management proposals.

NEWS STORY: SHAREOWNER ACTION | INSTITUTIONAL INVESTORS
ICCR Celebrates Forty Years of Shareowner Activism
More than 300 attend event that included a panel discussion on corporate responsibility and an eloquent address by Paul Neuhauser on shareowner action to end apartheid in South Africa.

NEWS BRIEF: CORPORATE REPORTING | INTEGRATED REPORTS
Investors Call for Mandatory Integrated Reporting
The Corporate Sustainability Reporting Coalition, led by Aviva Investors, urges United Nations member states to require companies to include sustainability issues in annual financial reporting.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOV ERNANCE
Despite Court Ruling, Opportunity for Proxy Access Remains
SocialFunds.com talks with corporate governance advocate James McRitchie about the challenges and potential benefits provided by SEC Rule 14a-8, which was left standing when Rule 14a-11 was struck down.

NEWS BRIEF: SHAREOWNER ACTION | INSTITUTIONAL INVESTORS
Trillium Wraps Up 2011 Proxy Season
Asset management firm's resolutions led to successful engagement on environmental reporting, political spending, and Internet privacy.

NEWS BRIEF: SHAREOWNER ACTION | PROXY ACCESS | INSTITUTIONAL INVESTORS
Investors Continue to Press SEC on Proxy Access
Institutional investors with $2 trillion in assets urge the Securities and Exchange Commission to issue regulations allowing proxy access.

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.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL SPENDING
Investors Support Call for SEC Rulemaking on Political Spending
The International Corporate Governance Network writes to the Securities and Exchange Commission in support of petition from academics calling for regulation of corporate political spending.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL SPENDING
Will Howard Schultz Reform Corporate Political Spending?
The Starbucks CEO has called on fellow executives to boycott personal contributions because of political gridlock in Washington, but will his campaign lead to greater scrutiny of corporate political spending?

NEWS STORY: ENVIRONMENTAL ISSUES | CORPORATE GOVERNANCE | OIL AND GAS INDUSTRY
Can Shell Be Trusted with Drilling in Arctic?
The company's permit from the Interior Department to drill in the Arctic precedes by days an oil spill in the North Sea, and follows a UN report critical of its acceptance of responsibility for oil spills in Nigeria.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FOOD INDUSTRY
Shareowners Pressure Smucker's on Climate Change
Noting insufficient attention to the impact of climate change in the company's sustainability report, Calvert Investments and Trillium Asset Management call for a report on social and environmental risks to its coffee business.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE
The Conference Board Forms Committee on Corporate Political Spending
After collaborating last year with the Center for Political Accountability on a Handbook on Corporate Political Activity, the Board seeks to educate its member businesses on the issue in advance of the 2012 elections.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Investors Call for Improved Governance at News Corp
In the aftermath of phone hacking and bribery scandals at the media company, members of the Interfaith Center on Corporate Responsibility call for separation of Chair and CEO positions and elimination of dual-class stock structure.

NEWS STORY: CORPORATE GOVERNANCE | BOARD DIVERSITY | PROXY ACCESS | CORPORATE REPORTING
Sustainable Investors Respond to European Corporate Governance Report
Eurosif and UKSIF submit responses to the European Commission's green paper of corporate governance, calling for measures to improve board oversight, corporate reporting, and shareowner engagement.

NEWS STORY: SHAREOWNER ACTION | CORPORATE REPORTING | POLITICAL SPENDING
Corporate Political Spending Will be a Major Issue in 2012
In the wake of successful shareowner votes during the 2011 proxy season, the Center for Political Accountability and The Conference Board collaborate on initiatives to increase transparency and board oversight of the practice.

NEWS BRIEF: SOCIAL ISSUES | FINANCIAL INDUSTRIES | MORTGAGES
Wealth Gaps Between Whites and Minorities at Record Levels
A new study from the Pew Research Center confirms that the recession has had a far greater impact on Blacks and Hispanics than on Whites.

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 GOVERNANCE | PROXY ACCESS
Court of Appeals Strikes Down SEC Rule on Proxy Access
The Court agreed with the Chamber of Commerce in finding that the rule, which would have allowed shareowners to have their nominees for boards of directors included in proxy materials, was "arbitrary and capricious."

NEWS BRIEF: CORPORATE GOVERNANCE | HUMAN RIGHTS | MINING INDUSTRY
EIRIS Notes Some Progress in ESG Performance of Vedanta Resources
One year after finding that the mining company had breached international norms in its Indian operations, the sustainable investment researcher sees signs of progress on some fronts but insufficient attention paid to risk management.

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE | MEDIA COMPANIES
Shareowners Amend Lawsuit Against News Corporation
In an amended lawsuit, Amalgamated Bank argues that ineffective oversight by a board that has consistently been given an F rating by GovernanceMetrics International contributed to the phone hacking scandal now engulfing the company

NEWS BRIEF: SHAREOWNER ACTION | CORPORATE GOVERNANCE
Shareowner Action Contributes to Sea Change in Corporate Governance
GovernanceMetrics International reviews the results of the 2011 proxy season thus far, and finds that important corporate governance policies are now enshrined at most S&P 500 companies.

NEWS BRIEF: SUSTAINABLE INVESTMENT | ENVIRONMENTAL, SOCIAL, AND GOVERNANCE RESEARCH
MSCI Launches MSCI ESG Manager
The MSCI ESG Manager, designed to help asset managers and owners manage ESG research, analysis, and compliance, includes on a single platform all of MSCI's research and analysis of companies listed on the MSCI World index.

NEWS STORY: ENVIRONMENTAL ISSUES | INSTITUTIONAL INVESTORS
Report Surveys Climate Change Strategies of Global Investors
Three investor networks collaborate on a new report that details the different approaches to climate change among investors in North America, Europe, and Australasia.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CORPORATE GOVERNANCE
Study Compares Perception and Reality of Corporate ESG Risk Management
A report from Brandlogic and CRD Analytics warns that companies whose reputations exceed actual performance risk loss of value due to inaccurate assumptions by key stakeholders.

NEWS STORY: SHAREOWNER ACTION | CORPORATE GOVERNANCE | EXECUTIVE COMPENSATION
CEO Compensation Rose Sharply in 2010
GovernanceMetrics International reports that annual compensation at S&P 500 companies increased by 35% in 2010, and the United States Proxy Exchange issues draft guidelines to help shareowners vote their say-on-pay proxies.

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 BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Resolutions Addressing Hydraulic Fracturing Continue to Attract Shareowner Support
At annual meeting of Ultra Petroleum, the company refuses to permit shareowners to present their proposal, but votes in favor double that of 2010.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | TRADE ASSOCIATIONS
National Association of Manufacturers Board Members Asked to Clarify Their Positions on Climate Change
A coalition of investors points out misalignment between the climate change positions of 43 corporations and that of the trade association on whose board they sit, and asks for clarification.

NEWS STORY: CORPORATE BOARDS: GOVERNANCE: CORPORATE SOCIAL RESPONSIBILITY
Getting on Board with Corporate Social Responsibility
Corporate boards can and should influence their companies' social and environmental performances finds a new report.

INTERVIEW:
Sunshine is the Best Disinfectant: Shareholder Activists Promote Corporate Transparency
SocialFunds writer Bill Baue speaks with Sanford Lewis of the Investor Environmental Health Network on his shareholder activism promoting corporate disclosure

INTERVIEW:
Bob Monks: ExxonMobil Exemplifies Corpocracy
SocialFunds writers Bill Baue and Francesca Rheannon interview corporate governance advocate Bob Monks about his shareholder activism at ExxonMobil and his new book, Corpocracy.

INTERVIEW:
Shelley Alpern on How Tar Sands Perpetuate Petro-Addiction
SocialFunds writer Bill Baue speaks with Shelley Alpern of Trillium Asset Management about its shareholder activism on oil company exploitation of tar sands.

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: SHAREHOLDER ACTIVISM
Do Your Proxy Votes Really Count?
A new report examines how boards of directors respond to shareholder concerns by adopting or ignoring non-binding shareholder proposals.

NEWS STORY: CLIMATE CHANGE
Fighting Climate Change, State by State
A core group of state treasurers and controllers are moving their investments into environmentally friendly and clean tech funds, while thinking big about climate change.

NEWS BRIEF: CORPORATE RESPONSIBILITY
Responsible Businesses are More Competitive
IBM study reports businesses with corporate social responsibility as part of their core plans have an advantage.

NEWS STORY: SHAREHOLDER ACTIVISM
Supreme Court Rules on Naming Secondary Actors in Fraud Cases
In a ruling last week, the Supreme Court laid out what businesses can be held liable under current securities fraud laws.

NEWS STORY: SHAREOWNER ADVOCACY
SEC Sacrifices Shareholder Rights to Achieve Temporary Certainty
Instead of reaffirming shareholder rights to file resolutions to nominate directors, the SEC cites uncertainty as a rationale for stripping these rights.

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.

NEWS STORY:
Big Bosses Embrace Corporate Responsibility
A new survey of executives finds many companies are increasing their spending on environmental, social, and governance issues, in spite of a decline in business confidence.

NEWS STORY:
The Subprime Meltdown and SRI: Engage, Avoid, Predict
Shareowner activists engaged banks on predatory lending long before the subprime crisis climaxed, and SRI research predicted the meltdown in time to avoid some impacts.

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:
Sustainability Picks Up Where Supply and Demand Meet
Both investors and companies are working on sustainability issues as new reports by UN PRI and Goldman Sachs show ESG issues are gaining momentum.

NEWS STORY:
Fidelity Divests Large Chunk of Sudan-Related Holdings
Despite similar pressure from Sudan divestment activists, Warren Buffett and Berkshire Hathaway retain holdings in PetroChina, which is linked to genocide in Darfur.

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:
Surveillance, Schmurveillance?
Wal-Mart's apparent research and surveillance activities geared toward shareholders raises troubling, but perhaps fleeting questions about trust.

NEWS STORY:
Shareowner Activism Precedes Development of SRI Slavery Screen
Most slavery exists far up the supply chain, and auditing practices do not yet exist to monitor for slavery at second- or third-tier suppliers, so it is too early to enact an enforceable slavery screen.

NEWS STORY:
TIAA-CREF Ups the Ante With New Stance on ESG Issues
TIAA-CREF’s new policy statement and proxy voting guidelines address social, environmental and governance issues, moving SRI arguments into the mainstream.

NEWS STORY:
Shareholders Ask Companies for Transparency on Corporate Political Giving
With 43 companies facing shareholder resolutions on political accountability this proxy season, a handful of companies have already reached agreements with filers on this issue.

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:
S&P 500 Lags on Climate Disclosure, Electric Utilities Burning Economic Value Into Carbon
Two recent reports use findings of the 2006 Carbon Disclosure Project to assess limits of transparency on climate risks and opportunities and drag on value creation at electric utilities.

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:
From Competition to Cooperation: Companies Collaborate on Social and Environmental Issues
Collaborative initiatives bring together companies, investors, and activists to address issues such as online freedom of expression, climate change, and labor rights in the global supply chain.

NEWS STORY:
Top Five Socially Responsible Investing News Stories of 2006
Green investing booms, microfinance pioneer wins Nobel Peace Prize, shareowner democracy increases, resolutions receive record votes, and UN launches Principles of Responsible Investment

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:
TXU Shareowners File Three Resolutions Questioning Wisdom of Pulverized Coal Plants
Part one of this two-part article examines how shareowners are raising environmental and regulatory concerns over the TXU coal expansion plan, as well as environmentally preferable alternatives to coal such as energy efficiency.

NEWS STORY:
Retailers Improve on Keeping Violent Video Games Out of the Hands of Children
An Interfaith Center on Corporate Responsibility report also identifies several areas where the seven companies examined stand to improve performance--predominantly on disclosure.

NEWS STORY:
Marriott Combats Child Sexual Exploitation
Shareowner engagement by Boston Common Asset Management and the First Swedish National Pension Fund prompts Marriott to explicitly address child sex tourism in its human rights policy.

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.

BOOK REVIEW:
Book Review: Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage
The plethora of real-life examples of corporate environmental initiatives is where readers will find value in this book from two authors associated with Yale.

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:
As Climate Debate Matures, Companies Strategize Solutions and Investors Push for Disclosure
Companies are taking tangible actions to minimize risks and seize opportunities related to climate change, while investors promote more robust climate-related disclosure.

NEWS STORY:
PepsiCo and Coca-Cola Get Cs on Report Card for Ten Percent Recycled Content in Bottles
The report, conducted by the As You Sow (AYS) Foundation and the Container Recycling Institute, graded the ten other beverage companies D- and F on recycling.

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:
Blue Funds to Invest in Companies that Support Democrats
The two new funds seek to capitalize on research that finds that Democrat-supporting companies significantly outperform Republican-supporting companies.

NEWS STORY:
Microfinance Crosses Continental Divide with $100 Million Commitment from TIAA-CREF
TIAA-CREF inaugurated its Global Microfinance Investment Program by purchasing from ProCredit Holdings $43 million in private equity shares, a new strategy in microfinance.

NEWS STORY:
FTSE4Good Deletes Nine Companies on Environmental and Supply Chain Labor Standards
FTSE4Good criteria promote incremental progress in corporate social responsibility performance, and climate change is the latest topic covered in newly proposed standards.

NEWS STORY:
Emerging Markets Emerging as Socially Responsible Investing Opportunities
A report by the Ethical Investment Research Services examines 50 emerging market companies using various SRI screens, and finds a number of possible plays.

NEWS STORY:
Academic Joins Shareowners in Advocating Corporate Lobbying Reform
Yale University Professor Bob Repetto issues paper calling for companies to rapidly adopt best practice on corporate lobbying, including oversight and approval by independent directors.

NEWS STORY:
Court Affirms Shareowner Right to File Resolutions on Proxy Access for Nominating Directors
The decision, which simply upholds existing rules that SEC practice had departed from, fills the void left when the SEC proposed then abandoned a rule on proxy access for nominating directors.

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:
ICCR Benchmarks Pharma Responses to AIDS and Diseases of Poverty in Emerging Markets
The Interfaith Center on Corporate Responsibility report assesses 15 pharmaceutical companies, and finds all of them falling short of best practice in most areas on AIDS and neglected diseases.

NEWS STORY:
Shareowners Push TimeWarner on Movies Depicting Smoking, Recycled Paper, and Pay Disparity
Part two of this two-part article documents steps forward made by TimeWarner, as well as areas where shareowner activists continue to press for progress.

NEWS STORY:
Shareowner Activists See Progress at TimeWarner, and Room for Improvement
In part one of this two-part article, activists applaud the company on its first corporate social responsibility report while continuing to push on environmental, social, and governance issues.

NEWS STORY:
First Socially Responsible Investing Portfolio Devoted to Diversity Launched
Minority-owned Creative Investment Research conceived of the portfolio to promote corporate diversity while targeting women and minority investors for economic empowerment.

NEWS STORY:
Trillium Takes the Reins from Winslow in Managing the Green Century Balanced Fund
The transition in portfolio managers has shifted the fund back to its roots as a core portfolio holding by reducing risk and diversifying holdings across the multi-cap space.

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.

BOOK REVIEW:
Book Review--Shareholder Participation and the Corporation: A Fresh Inter-disciplinary Approach in Happiness
Australian Law Professor James McConvill applies empirical research on happiness to corporations, specifically focusing on the case it makes for shareowner empowerment.

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:
Norwegian Government Pension Fund Dumps Wal-Mart and Freeport on Ethical Exclusions
The $230 billion global fund--one of the largest pension funds in the world--cited Wal-Mart for systematic human rights violations and Freeport for serious environmental damage.

NEWS STORY:
Corporate Shenanigans: Companies Dis Shareowners at Annual Meetings
Home Depot exemplifies a phenomenon of companies manipulating annual meeting protocols to disempower shareowners, following in the footsteps of Weyerhaeuser, Whole Foods, and others.

NEWS STORY:
Survey Starts to Pry Open Black Box of University Endowment Holdings and Proxy Voting
The survey, conducted by the Sustainable Endowments Institute, finds the vast majority of universities and colleges veiling their holdings and proxy voting records in secrecy.

NEWS STORY:
Amgen Recommends Support for Political Donations Resolution, Bolstering Broader Campaign
The Center for Political Accountability, which coordinates the political contributions campaign, released a report on trade association contributions that previews its 2007 proxy season strategy.

NEWS STORY:
Digging for More than Gold: SRI Letter Asks Newmont to Address Western Shoshone Concerns
The letter cites a recent decision by the United Nations Committee for the Elimination of Racial Discrimination to support Western Shoshone claims.

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:
Investor Environmental Health Network Addresses Product Toxicity Through Safer Alternatives
The network is coordinating 11 shareowner resolutions addressing product toxicity at companies such as Avon, Becton-Dickinson, CVS, Dow, DuPont, and Whole Foods Market, among others.

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:
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:
Wal-Mart Discloses Equal Employment Opportunity Data
The company joined six others in the S&P 100 that publicly disclose their EEO-1 report, but Wal-Mart still faces shareowner action on union-busting and selling gems mined in Burma.

NEWS STORY:
Shareowner Resolutions Overcome Obstacles to Promote Sustainability Reporting
A campaign advocating for sustainability reporting refines its strategies, shifting from requiring adherence to recommending Global Reporting Initiative guidelines.

NEWS STORY:
Corporate Action on Climate Change Improves Over Past Three Years, But Still Insufficient
A report from Ceres benchmarks corporate governance on climate change, finding steady gains by leaders while some laggards leapfrog toward the top and other laggards stagnate at the bottom.

NEWS STORY:
White House and Interfaith Center on Corporate Responsibility Address Pediatric AIDS
Bush Administration launches a new public-private partnership on Pediatric AIDS, an area where ICCR engages pharmaceutical companies in shareowner advocacy.

BOOK REVIEW:
Book Review--Responsible Investment
An impressive and wide-ranging list of contributing writers advance a balance between elucidating the strengths of socially responsible investing while also exposing its weaknesses.

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:
A Serendipitous Match: Davis Advisors Takes Over MMA Praxis Core Stock Fund
The portfolio holding of Wal-Mart exemplifies (oddly enough) how both Davis Advisors and MMA Praxis emphasize the importance of stewardship and shareowner empowerment.

NEWS STORY:
Whole Foods Market Gags Shareowners at Annual Meeting
A leader on corporate social responsibility, Whole Foods lags on corporate governance by stymieing shareowner democracy.

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:
IT Company Collusion with Chinese Authorities to Repress Free Expression Shorts Shareowner Value
Boston Common Asset Management submits testimony to congressional hearings asserting that protecting shareholder value and respecting human rights are not mutually exclusive mandates.

NEWS STORY:
Shareowner Action on Product Toxicity Shifts from Isolated Resolutions to Become a Campaign
Fueling this development is the increasing visibility of product toxicity in the news, with the Environmental Protection Agency issuing record fines.

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:
Two Sides of the Same Coin: Surveys Track Growth of Interest in SRI and CSR
Part one of this two-part article focuses on a survey by Mercer Investment Consulting on increasing interest from institutional investors in socially responsible investing.

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:
The Corporate Library Report on Mutual Fund Proxy Voting Finds Stagnation and Even Retreat
Part one of this multi-part series discusses the report findings on decreasing mainstream fund support for CSR resolutions; subsequent articles examine unpublished data from the research.

NEWS STORY:
GE Comes Clean, Disclosing Costs Related to PCB Cleanup on the Hudson
The move prompts the Tri-State Coalition for Responsible Investment, which characterized some of these expenditures as delay tactics, to withdraw its shareowner resolution requesting this information.

NEWS STORY:
Majority-Vote Director Election Shareowner Resolutions To Top 100, Dominate Proxy Season
A memo from corporate law firm Wachtell, Lipton, Rosen & Katz opines that majority-vote elections will become universal, but shareowners still seek proxy access to nominate directors.

NEWS STORY:
Wal-Mart Faces Host of Shareowner Resolutions, From Union-Busting to Sustainability Reporting
The broad range of resolutions suggests that the sustainability commitments announced by Wal-Mart last year did not convince shareowners that the company has solved all its challenges.

NEWS STORY:
Top Five Socially Responsible Investing News Stories of 2005
Socially responsible investing, corporate social responsibility, and microfinance embraced by the mainstream; shareowner advocates withdraw several climate change resolutions as companies agree to report; and exchange traded funds apply SRI strategies.

BOOK REVIEW:
Book Review--Megatrends 2010: The Rise of Conscious Capitalism
The newest in the Megatrends series advances a framework for conscious capitalism that highlights socially responsible investing.

NEWS STORY:
EPA Tries to Pull a Disappearing Act on the Toxics Release Inventory
In response to the Environmental Protection Agency proposal to dilute TRI, the socially responsible investing community launches the SaveTRI.org website.

NEWS STORY:
SRI Community Releases Retailer Guidelines to Avoid Violent Video Game Sales to Kids
The Interfaith Center for Corporate Responsibility guidelines address underage exposure to graphic violence, strong sexual content, and racist themes, as well as impact on shareholder value.

NEWS STORY:
Socially Responsible Investing Advances Anti-Racism in Helping Rebuild New Orleans
In addition to supporting community investment and leveraging influence through shareowner advocacy, social investors can help rebuild in the aftermath of Katrina by naming root problems.

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

NEWS STORY:
First Steps: Corporate Engagement on HIV/AIDS Improves Since Last World AIDS Day
Global Business Coalition on HIV/AIDS Best Practice AIDS Standard represents an important step forward, and companies such as Intel are responding to shareowner dialogue with ICCR.

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:
Citigroup Smith Barney Report Seeks to Bridge Divide Between SRI and Traditional Analysis
The report seeks to cross the metaphorical river dividing socially responsible investing analysts, who assess sustainability, from traditional analysts, who examine financial fundamentals.

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.

NEWS STORY:
Tearing Down the Great Firewall
Social investors issue a statement holding information technology companies accountable for collusion with repressive regimes such as China that stifle dissent expressed on the Internet.

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:
Transforming the Myth of Democratic Shareholder Power into a Reality
A new paper by Harvard Professor Lucian Bebchuk debunks the myth of shareholder power to replace directors, and recommends reforms that could jumpstart the stalled SEC proxy access rule.

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:
Divining the Future of Socially Responsible Investing
A study commissioned by Vancity Credit Union surveys 42 SRI thought leaders to identify trends, opportunities, and obstacles, as well as potential developments that defy prediction.

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:
Insurers Behind the Curve on Addressing and Disclosing Risks of Climate Change
Two reports, one from Ceres and one from Friends of the Earth, concur that climate change is catching insurance companies, which are particularly impacted by global warming, unawares.

NEWS STORY:
Third Carbon Disclosure Project Survey Finds Increasing Action on Climate Change
CDP3, now sponsored by 155 institutional investors with more than $21 trillion in assets, also reveals some significant footdragging by the Financial Times 500 companies.

NEWS STORY:
AccountAbility Cooks Up a New Recipe with Stakeholder Engagement Standards
An exposure draft of new AA1000 Stakeholder Engagement Standards to be released next week may prove useful to the socially responsible investment community of shareholder activists.

NEWS STORY:
A Semantic Hermeneutics of SRI
KLD Research & Analytics Founding President Peter Kinder examines limitations of the term socially responsible investing, and identifies both overemphasized and overlooked distinctions.

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:
Lack of Human Rights Policy Concerns Chevron Shareowners in Light of Unocal Merger
Part two of this two-part article examines the implications of the delay in adopting a human rights policy given the inheritance of Unocal holdings in Burma and Alien Tort Claims Act cases.

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:
The Lowdown from Corporate Governance and Proxy Advisory Experts on ISS-IRRC Merger
Implications of the buyout of the Investor Responsibility Research Center by Institutional Shareholder Services on social research and competition in proxy advisory services.

NEWS STORY:
TIAA-CREF Creates New Director of Social Investing Post But Refrains From Some SRI Strategies
TIAA-CREF enhances its proxy voting and practices some community investment, but finds obstacles to supporting community development financial institutions and SRI venture capital.

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:
The Ghost of a Shareholder Resolution Haunts ExxonMobil Annual Meeting
Despite an unprecedented 28 percent vote for a first-year climate change resolution and strong support for seven others, the censoring of a resolution quashes shareholder democracy.

BOOK REVIEW:
Book Review--The Bhopal Reader: Remembering Twenty Years of the World's Worst Industrial Disaster
A collection of primary and secondary sources spanning the twenty-year quest for corporate accountability from Union Carbide and now Dow for the 1984 chemical leak that killed thousands upon thousands.

NEWS STORY:
Institutional Investors Call on SEC, Wall Street, and Companies to Address Climate Risk
The second Investor Summit on Climate Risk focused on information, from the perspectives of disclosure, data generation, and analysis, as a key to transforming climate risk into opportunity.

NEWS STORY:
Virgin Trees in Kleenex: Greenpeace Lambasts Kimberly-Clark Fiber Sourcing
Between 15 and 30 percent of K-C tissue products fiber originates from the Canadian Boreal Forest, according to a Greenpeace report, and only 19 percent of its fiber is recycled.

NEWS STORY:
Report Asserts Shareholders Have The Right To Know More About DuPont PFOA Liabilities
The report documents information on perfluorooctanoic acid, a Teflon ingredient associated with human health hazards, which DuPont withheld from federal regulators and investors alike.

NEWS STORY:
JPMorgan Chase Environmental Policy Triggers Tipping Point for US Bank Sustainability
The JPMC policy surpasses environmental best practice established by Citigroup and Bank of America in some areas, but also lags these sustainability leaders in others.

NEWS STORY:
Pharma and Biotech Companies Just Starting to Pass the Transparency Litmus Test
oekom research rates the social and environmental sustainability performance of 27 pharmaceutical and biotechnology companies, and finds disclosure lacking across the board.

NEWS STORY:
SRI Funds Vote Proxies More Conscientiously Than Conventional Funds on Corporate Governance
A study on proxy voting by socially responsible investment and conventional funds finds SRI funds voting against management more often on social, environmental, and governance issues.

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:
Asphalt Jungle: Did Oil Drilling by Texaco Create Environmental and Social Harm in Ecuador?
Both ChevronTexaco and lawsuit plaintiffs are finding evidence of contamination during judicial site inspections: the question is, does it pose human health or environmental risks? (part two of a multi-part 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:
To Screen Or Not To Screen?: That May Not Be The Question For Fiduciaries
Part two of this two-part article examines the opportunities and limitations that social and environmental sustainability screens present to pension funds and other institutional investors.

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.

NEWS STORY:
Caterpillar Bulldozes Shareowner Concern Over Aiding Alleged Israeli War Crimes
Caterpillar faces a shareowner resolution as well as a lawsuit filed by the family of peace activist Rachel Corrie that cites the Nuremberg Tribunal as precedent in alleging war crime complicity.

NEWS STORY:
Coffee, Tea, or . . . Liqueur? Pax World Alcohol Screen Forces Reluctant Divestment from Starbucks
While Pax World applies a zero tolerance alcohol screen, other socially responsible investment firms set thresholds for retailers based on the percentage of revenues derived from alcohol sales.

NEWS STORY:
Faith-Based and Environmentalist Shareowners Withdraw Climate Change Resolutions at Six Companies
The six oil and gas companies commit to measure, mitigate, and disclose data related to global warming, and evangelicals join their faith-based compatriots in concern over climate change.

NEWS STORY:
Biting the Hand That Feeds: Mutual Fund Ties to Corporate Clients Can Affect Proxy Voting
Study reveals that individual mutual fund firms do not alter proxy voting whether companies are clients or non-clients, but fund firms with more clients tend to vote and adopt voting policies favoring management.

NEWS STORY:
Taco Bell Agrees to Pay Florida Tomato Pickers A Penny More Per Pound to End Boycott
Shareowner activists will also withdraw their resolution if parent company Yum! Brands agrees to join agricultural supply chain working group to address industry-wide reform.

NEWS STORY:
Comparing Citigroup and JP Morgan Chase Policies: Which Stems Illegal Logging in Indonesia?
Before providing funding, financial institution policies requiring documentation certifying legitimate timber sourcing may help promote sustainable logging in Southeast Asia.

NEWS STORY:
Campaign to Enhance Pharma Industry Accountability Broadens Shareowner Action
The Interfaith Center on Corporate Responsibility sent letters to over 2,750 institutional investors seeking support for three resolutions filed at nine pharmaceutical companies.

NEWS STORY:
Carrots and Sweets: Tying Executive Remuneration to Extra-Financial Performance Indicators
A report from Henderson Global Investors and Universities Superannuation Scheme finds incentives for extra-financial performance tied to short-term instead of long-term indicators.

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:
Deafening Silence: Corporate Political Contribution Non-Disclosure Impacts Shareowner Value
A Center for Political Accountability report documents corporate secrecy on political donations, and a Common Cause report reveals how mutual funds fail to support contribution transparency.

NEWS STORY:
Mixed Messages and Flip-Flops as the SEC Director Nomination Rule Stagnates
While the SEC retracts its promise to allow shareowners to file director nomination resolutions, lawsuits secure shareowner rights to nominate directors.

NEWS STORY:
Benchmarking Corporate Governance on Product Toxicity and Safer Alternatives
The benchmark, released by the Rose Foundation today, addresses the scientific uncertainty of product toxicity through risk assessment and opportunity identification instead of inaction.

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:
Two Socially Responsible Investment Exchange Traded Funds Launch
The iShares KLD Select Social Index Fund seeks broad diversification and low risk, while the PowerShares WilderHill Clean Energy Portfolio ETF invests in renewable energy companies.

NEWS STORY:
Reigning In Raines on Bonuses Based on Earnings Before Restatements
With restatements of financial earnings reaching record levels in 2004, the question arises whether executive bonuses based on incorrect earnings statements should be recalculated.

NEWS STORY:
World Economic Forum Report Finds Decreasing Corporate Awareness and Response to AIDS
The report also finds an increase in companies adopting HIV/AIDS policies, a trend confirmed by the Global Business Coalition on HIV/AIDS.

NEWS STORY:
Monsanto $1.5 Million Fines for Genetic Engineering Bribe Illustrates Risks of GE Strategy
The penalties, levied by the Securities and Exchange Commission and the Department of Justice, may lend credence to a shareowner resolution asking Monsanto to report on GE risks.

NEWS STORY:
ConocoPhillips Bows Out of Arctic Power, Green Century Withdraws ANWR Resolution
The oil company left the group lobbying to open the Arctic National Wildlife Refuge a year ago and neglected to inform resolution filers, who were nonetheless pleased with the development.

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:
Addressing the Israel-Palestine Conflict Through Shareowner Action and Selective Divestment
Part two of this two-part article examines the Presbyterian Church USA's policy of "phased, selective divestment" and the Episcopal Church's decision to study the issue before responding.

NEWS STORY:
Corporations Fight to Keep Political Contributions in the Closet
The Center for Political Accountability expands its campaign by advancing shareowner resolutions asking companies to disclose political donations and to provide a business rationale for them.

NEWS STORY:
Two Reports Reveal Proxy Votes Rubber-Stamp Management Recommendations
One finds the majority of top US mutual funds voting against climate change resolutions, the other finds contradictory proxy by Canadian pension fund managers.

NEWS STORY:
Ford HIV Report Exemplifies New Shareowner Action Strategy
Ford joins Coca-Cola, Cinergy, and others heeding shareowner resolutions requesting reporting on social and environmental issues, but it remains to be seen how far the strategy will extend.

NEWS STORY:
ICCR Spends World AIDS Day Preparing Shareowner Resolutions for Upcoming Proxy Season
This year's resolution has expanded to cover operations in India and China as well as Africa, and ICCR is campaigning for pharma companies to provide better access to medicines for children.

NEWS STORY:
Are Electronic Components Producers Ready for Environmental Regulation?
A Citizens Advisors study surveys 26 electronics components companies, and projects that many of them will be unprepared for European Union laws taking effect in 2006.

NEWS STORY:
Abortion, Sexual Orientation Reveal Diversity of Socially Responsible Investment
The umbrella of socially responsible investment encompasses a wide diversity of values, running the gamut from social progressivism to cultural conservatism.

NEWS STORY:
Book Inspires Symposium on How Governance Codifies Excessive Executive Pay
The book is written by Harvard Law Professor Lucian Bebchuk and Berkeley Law Professor Jesse Fried, and the Symposium is hosted by Columbia Law School.

NEWS STORY:
Material Risks of Genetic Engineering Undisclosed by Food Companies, Report Says
A survey of the 35 largest food processors finds only two mentioning genetic engineering risks in their annual reports, and none analyzing these risks.

NEWS STORY:
SEC Asked to Let the Sun Shine on Corporate Political Contributions
A group of state and city treasurers and a watchdog group sent letters to the Securities and Exchange Commission requesting mandatory political contributions disclosure.

NEWS STORY:
About Face: Cintas Settles Lawsuit and Supports Vendor Standards Resolution
In his apology, Tim Smith of Walden Asset Management highlights the need for accurate information, which Cintas promises to supply in the report requested by the resolution.

NEWS STORY:
As Mutual Funds Prepare to Reveal Proxy Votes, Guideline Disclosure Acts as Acid Test
Investor-friendly website accessibility to mutual funds' proxy voting guidelines may signal proxy voting record accessibility and investor-friendly proxy voting.

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:
How Do SRI Firms Walk Their Talk When It Comes to Corporate Social Responsibility?
Socially responsible investment firms take particulars such as scale and sector into account in their CSR expectations at the companies they own and in their own operations.

NEWS STORY:
Accuracy of Dow Chemical Statements and SEC Filings Questioned
On behalf of two socially responsible investment firms, an environmental attorney asks the SEC to probe the factuality of public statements and filings made by Dow Chemical.

NEWS STORY:
The Value of Transformation: The Catholic Equity Fund
After transforming itself from three actively managed funds into one index fund, the Catholic Equity Fund works to transform corporate practice through shareowner advocacy.

NEWS STORY:
Senate Calls on the SEC to Enforce Environmental Disclosure Regulations
A series of reports issued at a Senate symposium detail how insufficient disclosure of environmental liabilities results from lack of SEC enforcement.

NEWS STORY:
Calvert Group Launches Code for Corporations to Profit by Promoting Gender Equality
Calvert links equality for women to sustainable development, making the ethical and business cases for implementing its corporate code of conduct for empowering women.

NEWS STORY:
Rule Proposal Requires Canadian Mutual Funds To Disclose Proxy Votes and Guidelines
New Canadian Securities Administrators rule closely resembles the US Securities and Exchange rule.

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:
Governance Overhaul: An Interview with Tyco Corporate Governance VP Eric Pillmore
Mr. Pillmore speaks candidly with SocialFunds.com about rebuilding reputation and trust, engaging stakeholders, and increasing transparency.

NEWS STORY:
UK Prepares To Mandate Environmental and Social Reporting
Proposed guidelines for Operating and Financial Review reports require British company directors to discuss the effects of social and environmental issues on business.

NEWS STORY:
ExxonMobil Mocks Climate Change, Maine Treasurer Finds It No Laughing Matter
Senior management remains resolute in its disbelief of climate change risk.

NEWS STORY:
Companies Ignore Majority Votes on Shareowner Resolutions
Some high-profile companies are taking advantage of the non-binding nature of shareowner resolutions.

NEWS STORY:
Carbon Disclosure Project Report and Greenhouse Gas Protocol Release Second Editions
Climate change initiatives get a significant boost this month with the release of two revised editions of a report and a protocol for addressing global warming.

NEWS STORY:
Shareowner Resolution Withdrawn as JP Morgan Chase Addresses Environmental Risks
A group of socially responsible investment advocates withdrew a shareowner resolution from JP Morgan Chase when the company established an office of environmental affairs.

NEWS STORY:
ChevronTexaco Faces Class-Action Lawsuit in Ecuador Over Environmental Damage
A resolution asking ChevronTexaco to report on new initiatives to address its legacy of environmental damage in Ecuador gained nine percent support from shareowners.

NEWS STORY:
Avon Shareowners Withdraw Two Resolutions Before Annual Meeting
Avon agreed to hold annual board of director elections and to phase out phthalates from its products, prompting shareowners to withdraw their resolutions on these two issues.

NEWS STORY:
Three More Companies Address Climate Risk, So Shareowners Withdraw Resolutions
Shareowners withdrew climate change resolutions at Southern Company and TXU, which agreed to issue reports, and at Reliant, which agreed to expand disclosure.

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:
First-Year Resolution on HIV/AIDS Garners Significant Support at Pharmaceuticals
The HIV/AIDS pandemic threatens human life and shareowner value, according to a shareowner resolution filed at companies in the pharmaceutical, oil, and beverage sectors.

NEWS STORY:
Sustainability Report Awards Reward Disclosure on Environmental, Social Performance
Canada-based Suncor and Dofasco, Texas-based Dell and Kinko's, and Michigan-based Ford win sustainability reporting awards from CERES and ACCA.

NEWS STORY:
Forget Sit Ins: Student Activists Now Promote Socially Responsible Investment
Students and alumni from 22 prestigious colleges and universities launch the Responsible Endowment Coalition to urge schools to practice socially responsible investing.

NEWS STORY:
Tyco Recommends Vote in Favor of Shareowner Resolution, Joining Three Others
While companies routinely recommend voting against shareowner resolutions, four companies so far this proxy season have bucked this standard approach.

NEWS STORY:
Thirteen Pension Funds Call on SEC to Require Disclosure on Climate Change Risk
Institutional investors ask the Securities and Exchange Commission to issue a clarification that climate change is a material risk which must be disclosed in filings.

NEWS STORY:
Socially Responsible Investment Runs the Gamut on Animal Welfare and Testing
Investors who prioritize respect for animals have a range of options, from funds that use shareowner action alone to specialty SRI firms with stringent animal welfare screens.

NEWS STORY:
Occidental To Adopt Formal Human Rights Policy, Shareowners Withdraw Resolution
Successful shareholder action results in steps towards Occidental formalizing its human rights policy.

NEWS STORY:
Disney Vote and California Bill May Affect SEC Shareowner Director Nomination Rule
The significant withhold vote at Disney and a bill being considered by the California State Legislature may have a bearing on the SEC's proposed rule on shareowner director nominations.

NEWS STORY:
Report Urges Foundations to Vote Their Proxies
Surprisingly few foundations regularly vote their proxies, according to a new report written by the As You Sow Foundation, an advocate of active proxy voting.

NEWS STORY:
Five Companies Comply with Terms of Shareowner Resolutions in One Week
In less than seven days, Dover, Masco, Cinergy, AEP, and Bank of Montreal all abided by the requests of investors, a major achievement for shareowner action.

NEWS STORY:
Study Dissects SRI Performance by Different Social and Environmental Factors
A Pictet study correlates financial performance with specific aspects of socially responsible investment, such as corporate governance and stakeholder relations.

NEWS STORY:
Community Investment Advocates Question Bank of America/FleetBoston Merger
Bank of America is responding to critics of its proposed merger with FleetBoston.

NEWS STORY:
Shareowner Resolution Calls Costco on Cultural Crimes in Mexican Site Development
Shareowners express concern that Costco, which demolished a culturally significant site in Mexico to build a store, may be demolishing its reputation in the process.

NEWS STORY:
Underreporting of Material Environmental Liabilities Persists
Despite clear documentation of the problem, multiple solutions proposed, and petitioning to enhance enforcement, corporate underreporting of material environmental liabilities continues.

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:
Women Sit in Less Than a Seventh of Fortune 500 Board of Director Seats
According to a new Catalyst report, women will inhabit less than a quarter of Fortune 500 board director seats by 2023, though regulations and shareowner action may change this.

NEWS STORY:
Watchdog Fund Established to Take a Bite Out of Corporate Governance Malfeasance
The new investment vehicle is part mutual fund, part shareowner advocate, and part hedge fund.

NEWS STORY:
Resolutions Ask TIAA-CREF to Practice the Good Corporate Governance It Preaches
TIAA-CREF faces several resolutions asking it to reconcile its strong corporate governance advocacy with what filers describe as its own weak governance policies.

NEWS STORY:
SEC Opens Proxy to Shareowner-Nominated Directors, Critics Bemoan Triggers, Thresholds
New SEC rules will allow shareowners to use companies' proxies to nominate director candidates, but corporate governance advocates point out potential pitfalls.

NEWS STORY:
Walden Asks Companies to Allow Shareowners to Ratify Auditors
Walden Asset Management wrote letters to 45 companies asking them to allow shareowners to ratify the board's choice of auditor, a procedure that is routine.

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:
Identifying the Effects of Interlocking Directorships on Board Independence
A new report from The Corporate Library uncovers ways interlocking directorships impede board independence, though shareowner activists could leverage this interlock to push corporate governance reform.

NEWS STORY:
AFL-CIO Advocates Active Ownership as a Way to Enhance Shareowner Value
The AFL-CIO coordinates resolution filing, assesses managers' proxy voting records, and identifies worker-friendly investments for union pension funds.

NEWS STORY:
Influential Institutional Investors to Form National Coalition for Corporate Reform
The National Coalition for Corporate Reform, championed by state treasurers and pension funds, seeks to restore investor confidence through better corporate governance.

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:
Corporate Governance Ratings Take Different Approaches to Produce Similar Results
GovernanceMetrics International rates corporate governance in relation to other companies, while Institutional Shareholder Services rates in relation to market indexes.

NEWS STORY:
Ford's Latest CSR Report Increases Transparency by Using GRI Guidelines
Ford's decision to base its 2002 Corporate Citizenship Report on Global Reporting Initiative (GRI) guidelines will help analysts get a fuller picture of the company's performance (part one of a two-part article).

NEWS STORY:
SEC Report on Shareowner Nomination of Directors Opens Some Doors, But May Close Others
A recent SEC report recommends several solutions for allowing shareowners access to director nominations, but social investors worry it may not solve some problems.

NEWS STORY:
Johannesburg Securities Exchange Requires Compliance with King II and Global Reporting Initiative
Companies listed on the Johannesburg Securities Exchange will soon have to comply with King II corporate governance codes as well as Global Reporting Initiative guidelines.

NEWS STORY:
Report Connects the Dots Between Corporate Governance and Climate Change Risk
A report reveals the degree to which 20 major global companies use corporate governance to address climate change risks and opportunities.

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:
Summer Reading List, SRI-Style
Prominent figures in the socially responsible investing community recommend SRI- and CSR-related books, and as well as some great titles from outside the field.

NEWS STORY:
Pension Funds and Mutual Funds Influence Their Holdings Differently
Academic studies discern between how pension funds and mutual funds wield influence as institutional shareowners, but the studies lack methods sophisticated enough to evaluate the effects of SRI.

NEWS STORY:
Apria Democratizes Director Elections
Apria Healthcare Group set a precedent as the first company to allow shareowners to nominate candidates for board of director elections.

NEWS STORY:
IRRC Platform Combines Corporate Governance and Social Responsibility Research
The Investor Responsibility Research Center merges its corporate governance research tool with its social responsibility research tool in a web-based platform.

NEWS STORY:
Shareowner Advocates Tell SEC How Best to Democratize Board Election Process
The question is not whether shareowners should have access to the proxy to nominate directors, but what percentage of stock ownership qualifies shareowners to make nominations.

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:
Increasing Shareowner Action Fuels Record Proxy Season
Shareowners are increasingly recognizing and practicing their right to influence corporate practices and policies by filing and voting on shareowner resolutions.

NEWS STORY:
Report Asks When ExxonMobil Will Wake Up to Climate-Related Risks
For the second year in a row, a report tells ExxonMobil shareowners to beware of the significant risks the company faces in terms of how the oil giant addresses climate change.

NEWS STORY:
Shareowners Press Avon to Walk the Walk
Shareowners vote overwhelmingly for board independence at Avon while questions about potential carcinogens in its products linger.

NEWS STORY:
PepsiCo Shareowners Will Address the Business Risks of Water Scarcity
The SEC is requiring PepsiCo's to allow its shareowners to vote on a resolution regarding the business risks of water scarcity.

NEWS STORY:
The Key to Director Independence: Equal Access to Corporate Board Elections
A growing number of investors are demanding that shareowners be given the right to nominate candidates for board of director elections.

NEWS STORY:
CalPERS Says Xerox's Corporate Governance Not Worthy of Copying
Pension fund giant names six companies that need to improve their corporate governance.

NEWS STORY:
Watching the Public Company Accounting Watchdog
The Public Company Accounting Oversight Board Association is slowly getting to work and it will be scrutinized by the newly-formed Association for Integrity in Accounting.

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:
SRI Issues Will Impact Companies' Financial Performance, UK Pension Fund Trustees Say
A recent survey finds that pension fund trustees in the United Kingdom view socially responsible investing (SRI) issues as linked to companies' future financial performance.

NEWS STORY:
Fannie Mae Receives High S&P Corporate Governance Rating
Fannie Mae becomes the first U.S. company to release its corporate governance score (a 9 out of 10) from Standard & Poor's Governance Services.

NEWS STORY:
SEC Tells Mutual Funds To Disclose Their Proxy Votes
The Securities and Exchange Commission voted in favor of rule changes that require mutual fund companies to disclose their proxy voting policies and their actual proxy votes.

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:
Global Warming Shareowner Resolution Filed at "Filthy Five" Electric Companies
A coalition of institutional investors has filed a shareowner resolution calling on five electric power producers to report on the business risk of their greenhouse gas emissions.

NEWS STORY:
Top Five Social Investing News Stories of 2002
The major social investing news stories of the year include significant corporate governance reforms and the success of community investment.

NEWS STORY:
Social Investment Forum Outlines "Next Wave" of Corporate Governance Reforms
Additional reforms besides those already on the table will be necessary to create meaningful corporate governance reforms, according to the U.S. Social Investment Forum.

NEWS STORY:
Social Investors Spur Social and Environmental Upgrades at Intel
Over the past five years, Intel Corporation's program of engagement with the social investment community has helped the company boost its competitive advantage.

NEWS STORY:
Corporate Governance Now Rated by Mainstream Investment Research Firms
Mainstream investment research firms are now evaluating corporate governance as a potential indicator of stock valuation.

NEWS STORY:
IRRC to Release Corporate Governance Rating Tool
The Investor Responsibility Research Center will launch a new scoring system for evaluating and benchmarking corporate governance performance.

NEWS STORY:
SEC Chair Proposes Eliminating Ordinary Business Exception in Proxy Rules
SEC Chairman Harvey Pitt proposed abolishing a rule that allows companies to exclude shareowner resolutions from their proxy statements because the resolution concerns the companies' day-to-day business.

NEWS STORY:
SEC Proposal Would Require Mutual Fund Companies to Disclose Proxy Voting
The Securities and Exchange Commission proposed rules requiring all mutual fund companies and investment advisers to disclose proxy voting guidelines and votes.

NEWS STORY:
SRI Mutual Funds Continue and Enhance Corporate Governance Screening
While the SRI industry has long screened for corporate governance criteria, the recent accounting scandals have prompted the development of more comprehensive corporate governance screens.

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:
South African Community Growth Fund Celebrates Tenth Anniversary
The Community Growth Fund invests in South African companies committed to sustainable development and triple bottom line reporting.

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:
Shareowner Support for Resolutions Increases Significantly This Proxy Season
Support for proposals concerning corporate governance as well as social and environmental issues in the 2002 proxy season is reaching record levels.

NEWS STORY:
New York Stock Exchange Calls for Tighter Corporate Governance Standards
At the SEC's request, the New York Stock Exchange drafted recommendations to fortify corporate governance standards and restore investor confidence.

NEWS STORY:
Two Perspectives on the Business Case for Ethical Corporate Behavior
Robert Monks defends the business case for corporate ethics against Sir Geoffrey Chandler's recent editorial attacking the business case as amoral.

NEWS STORY:
EMC Shareowners Vote for a More Independent and Diverse Board
At the recent EMC annual meeting, a board independence resolution received majority support, while a board diversity resolution easily surpassed the SEC threshold for resubmission.

NEWS STORY:
EMC Proxy Card Leaves Shareowner Voters in the Dark
EMC apparently violated SEC regulations by omitting descriptions of two shareholder resolutions on its 2002 proxy card, according to proposal filers and proxy voting experts.

NEWS STORY:
SEC Chair Calls Proxy Voting a Fiduciary Duty
In a February letter, the SEC Chair acknowledged that proxy voting is a fiduciary responsibility for all fund managers

NEWS STORY:
Bush Plan on Corporate Responsibility Criticized as Vague, Unenforceable
Critics slam President Bush's ten-point plan on corporate responsibility for lacking specifics, penalties, budget support, and consideration of corporate social responsibility.

NEWS STORY:
Consulting Firm Promotes Online Reporting of Triple Bottom Line
SustainAbility, a British research and consultancy firm, recently released a report on how companies, their stakeholders and customers use the Internet to communicate about sustainable development.

NEWS STORY:
Resolution Urges ExxonMobil to Strip Chair from its CEO, a Global Warming Naysayer
Robert Monks' resolution claims that ExxonMobil Chairman and CEO Lee Raymond's denial of global warming is harming the company's reputation and shareowner value.

NEWS STORY:
Study Correlates Shareowner Rights with Strong Stock Price Performance
Through the 1990s, stock in firms that preserved shareowner rights outperformed companies that bolstered management's power, according to an academic paper.

NEWS STORY:
Shareowners Increase Social Activism Significantly in 2001
Research released by the Investor Responsibility Research Center reveals upward trends for shareowner activism on social issues.

NEWS STORY:
Shareowners Rally to Defeat Online Annual Meeting Provision in Massachusetts
Online annual meetings viewed as reducing shareowners' and the public's ability to hold companies responsible for their actions.

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:
Better Corporate Governance Pays Off for Large Companies in Emerging Markets
Recent study across global emerging markets finds large companies with good corporate governance yield better bottom lines.

NEWS STORY:
ExxonMobil Feeling Heat on Both Sides of the Atlantic
Shareholder resolutions and boycotts put pressure on oil giant to change its stance on global warming and embrace clean energy.

NEWS STORY:
Getting Boards to Address the Triple Bottom Line
New report proposes a set of principles and actions to assist corporate boards in addressing the triple bottom line of economic, social and environmental performance.

NEWS STORY:
Fortune Names Worst Corporate Boards
Excessive CEO and board member pay a recurring point in the annual roster of America's worst corporate boards.

NEWS STORY:
Major UK Fund Manager to Require Environmental Reporting
Institutional investors are increasingly seeing the need for environmental disclosure.

NEWS STORY:
Shopping for Responsibility
Internet site is helping consumers base shopping decisions on values.

NEWS STORY:
Citizens Funds Makes Gains on Board Diversity
Three shareholder resolutions meet with success, highlighting Citizens efforts to create fairer representation in corporate boardrooms.

NEWS STORY:
Shareholder Resolutions This Year Have Ups and Downs
A summary of withdrawals and SEC decisions on social and environmental proposals defines the landscape for this year's proxy season.

NEWS STORY:
Friends Ivory & Sime Engages Companies on Human Rights
The London-based social investment firm launches a unique human rights initiative through dialogue with company management.

NEWS STORY:
Disney Shareholders Get Animated About Employee Ownership
Despite the omission of their resolution urging Disney to make all employees shareholders, activists rise to the occasion to highlight economic inequality.

NEWS STORY:
SEC Commissioner Speaks Out on Mutual Fund Proxy Voting
Commissioner Paul Carey brings the shareholder voting priorities of mutual fund investment advisers to light.

NEWS STORY:
Will Dot-com Businesses Rewrite the Rules of Corporate Governance?
A conference hosted by IRRC draws attention to how high-tech businesses will shape, and be shaped by, the corporate governance movement.

NEWS STORY: SHAREOWNER ACTION | SUSTAINABLE INVESTMENT

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