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Environment / Alternative energy


NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | ENERGY INDUSTRIES
SEC Backs Shareowner Challenge of Dominion Nuclear Plant
The utility's effort to exclude the resolution calling for analysis of the financial risks associated with a nuclear reactor which could cost over $19 billion is turned down by the Securities and Exchange Commission.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Investors Win Battles for Shareowner Votes on Climate at Exxon
Resolutions addressing the moral imperative of limiting climate change and the manner in which the company reports oil reserves replacement will appear on proxy ballot following SEC decision.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Sustainable Investors Respond to Climate Pact
With COP21 Climate Conference in Paris ending with agreement intended to keep global temperature increase below two degrees Celsius, investors envision portfolios focused on renewable energy. First in a three-part series.

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

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY
Banks Still Failing to Incorporate Climate Risks in Lending
A year after Boston Common Asset Management organized an investor initiative, major global banks continue to fail to account for greenhouse gas emissions in their lending and underwriting portfolios.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Sustainable Investors Praise Obama's Clean Power Plan
The Plan, which will reduce carbon emissions from the power sector by 32% below 2005 levels in 2030, is praised by Mindy Lubber of Ceres as a blueprint for the low carbon transition.

NEWS STORY: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES | FIXED INCOME
Green Bond Investments Reach $600 Billion
The fourth edition of Bonds and Climate Change, published by the Climate Bonds Initiative, reports that 70% of climate-aligned bonds are invested in low-carbon transport, while another 20% focus on clean energy.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Resolutions Request Emissions Reduction Goals by Exxon and Chevron
A process for shareowners to declare their intention to vote in favor of emissions reduction resolutions at the annual meetings of the oil and gas giants does not appear to have led to substantial votes in favor, but signal that investors who choose engagement as a strategy will remain aggressive.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY
Citi Announces $100 Billion Sustainability Commitment
Having met several targets of a $50 billion goal two years early, the bank now commits twice that amount to activities such as financing large renewable-energy projects and reducing its absolute emissions by 80%.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | ENERGY INDUSTRY
Engage or Divest?
Investors know what has to be done to prevent the worst effects of climate change, but many continue to debate whether moving their assets from fossil fuel companies might affect their returns in the short term. Second of a two-part series.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | ENERGY INDUSTRY
The Risk to Investors of Stranded Assets
In a roundtable hosted by Environmental Finance, investors, analysts, and corporate managers convene to discuss the financial risks associated with stranded fossil fuel assets. First of a two-part series.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Vermont a Co-Filer of Resolution Requesting Emissions Reduction Targets from Exxon
The state's Pension Investment Committee joins a coalition coordinated by the Interfaith Center on Corporate Responsibility and Ceres in filing a shareowner resolution calling for greenhouse gas emissions reduction goals.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FOSSIL FUEL INDUSTRY
Sustainable Investment Firms Offer Guide to Fossil Fuel Investing
Along with 350.org, Green Century Capital Management and Trillium Asset Management update a guide for investors who want to divest from fossil fuel companies and reallocate their assets to sustainability.

NEWS STORY: ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY | FIXED INCOME
Green Bonds Growth a Positive Development in 2014
In a year when ExxonMobil rejects stranded assets and half a million march for climate in New York, green bonds offer an increasingly popular fixed-income investment strategy for sustainable investors.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | INSTITUTIONAL INVESTORS
Maybe Some Good Things Came out of Climate Summit
Business commitments on deforestation and renewable energy are not enough to overcome government inaction and the resolve of the fossil fuel industry to burn all its assets and explore for more.

INTERVIEW: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | INSTITUTIONAL INVESTORS
$24 Trillion Calls for Climate Policy
In advance of next week's climate summit at the United Nations, a group of institutional investment organizations representing 348 investors and $24 trillion under management call for climate policies that encourage clean energy investment. First in a two-part series.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
Carbon Tracker Analysis Refutes Exxon Claims
The analysis reveals that unconventional oil and gas exploration has contributed to ExxonMobil underperforming the S&P 500 by eight percent over five years, and that the company has not adequately stress tested a future low carbon scenario.

NEWS STORY: ENVIRONMENTAL ISSUES | UTILITIES
Distributed Energy Resources Require a New Regulatory Framework
The New England Clean Energy Council calls for modernization of the region's grid to encourage renewables and distributed energy resources.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Climate Change and Pollution Threaten Global Food Supply
A study by Massachusetts Institute of Technology concludes that reductions in crop yields due to climate change can be offset somewhat by stronger ozone pollution controls.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FOOD AND BEVERAGE INDUSTRY
General Mills to Report on Supply Chain Emissions
The company agrees to report on and reduce greenhouse gas emissions in its supply chain, joins Business for Innovative Climate & Energy Policy, and becomes a signatory to the Climate Declaration.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | UTILITIES
Electric Utilities Ranked on Renewables and Energy Efficiency
A report from Ceres and Clean Edge benchmarks the nationís largest electric utilities on renewable energy sales, and cumulative and incremental energy efficiency savings.

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

NEWS STORY: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES | STOCK INDEXES
NRDC Teams with Investment Firms to Offer Fossil Fossil Fuel Free Equity Index
The Natural Resources Defense Council joins BlackRock and FTSE Group to launch a equity global index series that excludes companies engaged in exploration, ownership, or extraction of carbon-based fossil fuel reserves.

NEWS BRIEF: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES | FIXED INCOME
Clean Energy Bond Act Introduced in Congress
The Clean Energy Victory Bonds Act of 2014 is modeled after the Treasury Bonds issued in the 1940s to support the World War II effort.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | ENERGY INDUSTRY
Another Win for Climate Change Mitigation
As You Sow withdraws shareowner resolution at Southern Company after the utility agrees to report on integrating renewable energy into its business operations.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | OIL AND GAS INDUSTRY
ExxonMobil to Report on Stranded Assets
A shareowner resolution is withdrawn by As You Sow after Exxon agrees to becomes the first oil and gas company to report on the impacts of unburnable carbon assets on its business model.

NEWS BRIEF: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY
News Briefs for March 20th
Green Century Capital Management releases an animated fossil fuel free investing video, and Community Capital Management announces the launch of the CCM Alternative Income Fund.

NEWS STORY: ENVIRONMENTAL ISSUES | ENERGY INDUSTRY
European Energy Companies Failing to Adapt
A report from Greenpeace cites analysts who find that to maintain even diminished profits, the largest European Union utilities will have to shut down most of the fossil fuel capacity added in the last ten years.

NEWS STORY: ENVIRONMENTAL ISSUES | INSTITUTIONAL INVESTORS
How to Fund Clean Energy Investment
A report released by Ceres at the recent Investor Summit on Climate Risk suggests that the responsibility for scaling up clean energy finance to the necessary level is shared by institutional investors, banks, and policymakers. Third in a three-part series.

NEWS STORY: ENVIRONMENTAL ISSUES | INSTITUTIONAL INVESTORS
Climate Summit Press Conference Focuses on Policy and Fiduciary Duty
Prominent representatives of government, business, and institutional investment meet with journalists to discuss strategies for increasing climate finance. Second of a three-part series.

NEWS STORY: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY
Banks Announce Support for Green Bond Principles
Thirteen investment banks indicate their support for a measure designed to ensure transparency, disclosure, and integrity in the development of a more robust green bond market.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Top Sustainable Investment Stories for 2013 Part 3
Divest or engage? Sustainable investors have wrestled with arguments of divestment versus engagement, and many have concluded that engagement provides them with the better opportunity to pressure fossil fuel companies to change their behaviors. Meanwhile, sustainable investment firms such as Green Century Capital Management and Trillium Asset Management have been offering fossil free investment opportunities for years.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | RENEWABLE ENERGY
As Fossil Fuel Divestment Grows, Cleantech Offers Opportunities for Investors
As You Sow teams with Kachan & Co. and the Responsible Endowments Coalition to outline opportunities for investors in cleantech. Second of a three-part series.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | MUTUAL FUNDS
Alliance Trust Investments Measures Carbon Footprints of its Funds
The UK investment firmís analysis reveals that three of its sustainable equity funds emit less than half the carbon dioxide of their benchmarks.

NEWS STORY: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Major Cities Adapting to Climate Change
A report by the Carbon Disclosure Project and the C40 Cities Climate Leadership Group reveals that many of the worldís largest cities have launched energy efficiency and other initiatives to lessen the effects of climate change.

NEWS STORY: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Obama Directs EPA to Use Clean Air Act to Regulate Emissions
Acknowledging that Congress is likely to persist in failing to act on climate change, the President decides that executive action is needed to address a growing crisis whose effects are already being felt.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INFORMATION TECHNOLOGY
Cisco, Google Share Top Spot on Cool IT Leaderboard
The sixth edition of the Greenpeace ranking of companies in the information technology sector focuses on political advocacy for effective climate change legislation.

NEWS STORY: SHAREOWNER ACTION | ENVIIRONMENTAL ISSUES | CORPORATE REPORTING | OIL AND GAS INDUSTRY
Climate Principles Issues Best Practices for Hydraulic Fracturing
Guidelines for financiers of hydraulic fracturing published by the European Climate Principles add to calls for greater transparency by companies engaged in the practice.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | FINANCIAL INDUSTRY
Bank of America Urged to End Financing of Coal
Sustainable investors are among the 50 signatories to a letter delivered to Bank of America, urging it to phase out the financing of coal and shift its lending priorities to renewable energy.

NEWS BRIEF: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES
Deployment of Renewables Increases but Market Contracts
The annual report on clean energy by Clean Edge emphasizes that despite a challenging year for renewable energy, climate change and resource constraints mean that the fundamental drivers for the industry remain.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CORPORATE REPORTING | UTILITIES
Get Real about Climate Change, Shareowners Tell Utilities
With trillions of dollars in infrastructure upgrades looming for electric utilities, investors call on five companies to emphasize a transition to renewables, improve energy efficiency, and manage water risks.

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: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Senators Boxer and Sanders Propose Climate Change Legislation
Among the highlights of the proposed bill are a fee on carbon pollution and increased oversight of hydraulic fracturing.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES
Ceres Awarded with Zayed Future Energy Prize
The investor network wins the $1.5 million prize in the nongovernmental organization category for its work on behalf of addressing climate change.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES| CORPORATE REPORTING
ICCR Challenges Companies on Climate Change
Members of the Interfaith Center on Corporate Responsibility have filed 28 shareowner resolutions thus far that address climate change related issues such as climate risk and sustainability reporting.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES
Largest Companies Setting Emissions Reduction Targets
A new report finds that most companies in the Fortune 100 and Global 100 now have greenhouse gas reduction goals, and more are committing to renewable energy use.

NEWS STORY: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INSTITUTIONAL INVESTORS
Climate Financing Improves, but Falls Short of What is Needed
The Climate Policy Initiative identifies $364 billion in financing the transition to a low-carbon economy, but the amount falls far short of what is needed to keep global temperature increases below two degrees Celsius.

NEWS STORY: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Climate Change Action in Obama's Second Term?
After an election campaign during which climate change was barely mentioned, sustainable investors and other advocates hold out hope for effective action in the next four years.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CORPORATE REPORTING | FINANCIAL INDUSTRY
US Banks Persist in Financing Climate Change
A report from BankTrack and the Rainforest Action Network urges financial institutions to measure and report on financed emissions, and recommends that they support expanded disclosure requirements being developed by the Greenhouse Gas Protocol.

NEWS BRIEF: SHAREOWNER ACTION | ENVIRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES
With Expiration Looming, Groups Call for Extension of Production Tax Credit
The Investor Network on Climate Risk is the latest to write to Congressional leaders, urging them to support extending a tax credit that has helped wind energy become one of the nation's fastest growing manufacturing industries.

NEWS BRIEF: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES
BICEP Members Call for Extension of Wind Credit
Nineteen companies in the Ceres-led Business for Innovative Climate and Energy Policy coalition say that Congressional extension of the tax credit for wind energy will improve competitiveness and create jobs.

NEWS STORY: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES
US Solar Installations Set Records Despite Insufficient Government Action
The Solar Energy Industries Association reports that solar installations in the US totaled 742 megawatts in the second quarter of 2012, but Ernst & Young warns that policy gridlock prevents lawmakers from making the necessary long-term investment decisions.

NEWS BRIEF: ENVRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES
House Passes No More Solyndras Act
Viewed by Democrats as nothing more than election-year grandstanding, the bill stands no chance of passing the Senate.

NEWS STORY: ENVIRONMENTAL ISSUES | CORPORATE REPORTING | CARBON MANAGEMENT
CDP Releases Annual Reports on Corporate Carbon Management
Responding to more than half of the world's invested capital, large companies increasingly view climate change as a current business concern, but too little is being done at present to avert a climate crisis.

NEWS BRIEF: ENVIRONMENTAL ISSUES |RENEWABLE ENERGY TECHNOLOGIES
Treasury Bonds Issue Will Help Fund Clean Energy Deployment
The Clean Energy Victory Bonds Act would both provide for the sale of US Treasury Bonds to help finance clean energy technologies, and extend the federal Production Tax Credit for wind energy.

NEWS BRIEF: SHAREOWNER ACTION | ENERGY INDUSTRY | RENEWABLE ENERGY
Investors Urge Extension of Production Tax Credits
The tax credits, which help drive billions per year in private investment in the wind energy industry, are set to expire this year, which could lead to the loss of 37,000 domestic jobs.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INFORMATION TECHNOLOGY
Facebook Publishes Carbon Footprint
For the first time, the social networking company has disclosed its greenhouse gas emissions, and announces a goal of using renewable energy sources for 25% of its power.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Pros and Cons of Australian Carbon Tax
Implemented on July 1st, Australia's carbon pricing scheme imposes a price of $23 per ton on carbon emissions. But some clean energy advocates argue that the policy does not go far enough.

NEWS BRIEF: ENVIRONMENTAL ISSUES | SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING
Rio+20 Ends without Binding Agreements
Sustainable investors who consider regulatory action to be essential are likely to be disappointed by the absence of agreements addressing climate change and corporate reporting.

NEWS BRIEF: SUSTAINABLE DEVELOPMENT | CARBON MANAGEMENT
Clean Energy Initiatives on the Increase in Many States
The third annual State Clean Energy Index from Clean Edge ranks California first among states in its adoption of such indicators as electricity generation from renewable sources and deployment of hybrid and all-electric vehicles.

NEWS BRIEF: SUSTAINABLE DEVELOPMENT | CORPORATE REPORTING | CARBON MANAGEMENT
Concerns Grow over Slow Pace of Sustainable Development
The World Business Council for Sustainable Development publishes a report in advance of next month's Rio+20 Conference, warning that a radical adaptation in the use of natural capital is required.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INSTITUTIONAL INVESTORS
Race Between Sustainability and Over-Consumption Continues
The third annual MIT survey of corporate executives suggests that sustainability is increasingly a management agenda item, while a report from WWF finds that global consumption patterns are still unsustainable.

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

NEWS STORY: SUSTAINABLE INVESTMENT | INSTITUTIONAL INVESTORS
Sustainable Investment by Pension Funds Total Less than One Percent of Assets
Despite the necessity of a low-carbon economy and the opportunities for investment in the transition, efforts by governments and institutional investors remain inadequate. Second of a two-part series.

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 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 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 STORY: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES
2011 Sees Record Installations for Wind and Solar
Clean Edge's 2012 trends report forecasts that the expansion of renewable technologies, which successfully weathered the economic downturn, will continue through 2021.

NEWS BRIEF: COMMUNITY INVESTMENT | COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS
SJF Ventures Announces Initial Closing of Impact Investment Fund
Capitalized entirely by private investment, the $75 million SJF Ventures III fund will target growth-stage cleantech companies with positive impacts on low-to-moderate income communities.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | UTILITIES
Benefits of Large-Scale Low-Carbon Transition Will Take a While
The authors of a new study find that even a rapid transition to clean energy will not produce climate benefits until the second half of this century, while converting coal to natural gas will have little positive effect.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CORPORATE REPORTING | CARBON MANAGEMENT
EPA and Partners Announce Recipients of First Climate Leadership Awards
Companies are recognized for greenhouse gas management through goal setting and achievement, supply chain leadership, and overall organizational leadership.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CORPORATE REPORTING | CARBON MANAGEMENT
Investors Urge Large Corporations to Move Beyond Reporting and Take Carbon Action
The Carbon Action initiative of the Carbon Disclosure Project, launched last year on behalf of 34 institutional investors, now has 92 signatories with more than $10 trillion in assets under management.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INFORMATION TECHNOLOGY
Google Tops Greenpeace International's Cool IT Leaderboard
The Internet giant is cited in Greenpeace's fifth ranking of information technology companies for its commitment to renewable energy and its public advocacy for clean energy policies.

NEWS BRIEF: SUSTAINABLE INVESTMENT | RENEWABLE ENERGY
US Venture Capital Investment in Cleantech Down in 2011
Ernst & Young reports that investment by US-based venture capital in cleantech companies amounted to $4.9 billion in 2011, a 4.5% decrease from 2010.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INSTITUTIONAL INVESTORS
A 30% Reduction in EU Emissions by 2020 will be Cheaper than Expected
Noting that emissions reductions reached 14% by 2010, the European Commission concludes that a 30% cut will cost less than anticipated, and the Institutional Investors Group on Climate Change calls for incentives to stimulate private investment.

NEWS STORY: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INSTITUTIONAL INVESTORS
Investors Vow to Address Climate Change even as Congress Fails to Act
At the Investor Summit on Climate Risk & Energy Solutions, hosted by Ceres, institutional investors note progress in managing climate change in their portfolios, but warn that further action must be taken now.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT | INFORMATION TECHNOLOGY
Greenpeace Ends Unfriend Coal Campaign Targeting Facebook
The social media giant agrees to reduce its reliance on coal-powered electricity by siting its data centers where renewable energy sources are available.

NEWS STORY: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
What Happened at COP17?
Negotiators leave Durban without a plan to stop climate change but with an agreement to pursue a binding pact, and investors look for signs that support increased investment in climate change mitigation and adaptation.

NEWS BRIEF: ENVIRONMENTAL ISSUES | STOCK INDEXES
NYSE Euronext and Bloomberg New Energy Finance Launch New Clean Energy Stock Indexes
The indexes, which will track clean energy stocks in three regions globally, will soon be joined by industry-specific indexes; in the US, new sources of investment must be found to maintain the growth spurred by stimulus funds.

NEWS BRIEF: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY TECHNOLOGIES | INFORMATION TECHNOLOGY
Google Abandons Renewable Energy Initiative
The IT giant says it will maintain its efforts to improve energy efficiency in its data centers and continue to invest in renewable energy.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CARBON MANAGEMENT
Window of Opportunity for Acting on Climate Change Closing Fast
The International Energy Agency warns that without a binding international agreement within five years, global temperatures could increase by 6įC.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CARBON MANAGEMENT | FIXED-INCOME INVESTING
New Green Bonds Product Will Support Climate Protection
State Street Global Advisors says its High Quality Green Bond product will invest in green bonds issued by supranational or multilateral development banks.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CORPORATE REPORTING
Munich Re and IBM Lead Companies in Newsweek's 2011 Green Rankings
IBM moves up from third place finish last year to first in US, and HP ranks second for second year in row; Dell drops from first to fifth, and Munich Re tops list of global companies.

NEWS BRIEF: SUSTAINABLE DEVELOPMENT | ENVIRONMENTAL ISSUES
Sustainability Issues Persist but Urgency to Address them Declines
A survey of sustainability experts finds that while issues such as energy, climate change, and water scarcity remain critical, a sense of urgency in dealing with them is declining.

NEWS STORY: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY
Scoreboard Details Increased Investment in Green Economy
The Green Transition Scoreboard of Ethical Markets Media finds that private sector investment in green companies and technologies is likely to reach $10 trillion by 2020.

NEWS BRIEF: ENVIRONMENTAL ISSUES | CORPORATE REPORTING | TECHNOLOGY
Google Finally Comes Clean on Energy Usage
The IT giant's energy consumption continues to grow, but with the help of renewable energy sources and the purchase of carbon offset credits the company claims to have been carbon neutral since 2007.

NEWS BRIEF: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY
Barron Partners Forms Solar Energy Company
The private equity firm states that the goal of Soltas Energy is the installation of one gigawatt of solar power systems by 2016, and anticipates employing over 1,000 Americans.

NEWS BRIEF: SUSTAINABLE INVESTMENT | RENEWABLE ENERGY | STOCK INDEXES
Shanghai Stock Exchange to Launch Sustainable Development Industry Index
The components of the Index will include companies engaged in energy efficiency as well as renewable energy and other low-carbon operations.

NEWS BRIEF: ENVIRONMENTAL ISSUES | RENEWABLE ENERGY
Urgently Needed: Nothing Short of a Technological Revolution
A new report by the UN Department of Economic and Social Affairs warns that steps taken thus far to address climate change and food security are woefully insufficient, and argues that $1.9 trillion per year must be spent to end poverty and avert effects of climate change.

NEWS BRIEF: SUSTAINABLE INVESTMENT | ENVIRONMENTAL ISSUES | RENEWABLE ENERGY
Investment in Renewable Energy Up in 2010
The annual survey by the UN Environment Program of investment in renewable energy technologies finds a 32% increase in 2010, to $210 billion.

NEWS STORY: ENVIRONMENTAL ISSUES | WATER SCARCITY
World Resources Institute Launches Project to Measure Water Risk
The Aqueduct project compiles locally specific data on water risks to provide companies and investors with information to manage and reduce exposure.

NEWS STORY: GREEN ENERGY:GEOTHERMAL
Investors Take Note of Clean and Sustainable Geothermal Energy Production
New technologies such as EGS offer potential for large-scale electricity production and lead to high-visibility investments.

NEWS BRIEF: ALTERNATIVE ENERGY
Google Heats Up Next Generation Geothermal Energy
As part of its REC Initiative, Google.org invests over $10 million in energy from the Earth.

NEWS BRIEF: CLEAN ENERGY
Investors Still Supporting Clean Energy
Even during the current uneasy economic period, clean energy companies are still finding investors

NEWS STORY: ALTERNATIVE ENERGY
It Takes a Village to Raise a Turbine: Making the Case for Community-Owned Windpower
Newly public wind development company is bringing energy ownership and economic improvement to communities.

NEWS STORY: GREEN SECTORS
The Very Rich Green Their Portfolios
With European and Middle Eastern investors leading the way, high-net-worth investors are putting their money into green technologies and alternative energy sources.

NEWS STORY: RENEWABLE ENERGY:INSTITUTIONAL INVESTORS
Renewable Energy Wows World Investors
The United Nations Environmental Program reports a new record in sustainable energy investments in 2007 with more than $148 billion invested globally.

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.

NEWS STORY: GREEN COMPANIES
The Sunny Side of the Street: Investing in Solar
More investors are seeing the benefits of buying solar stocks, whether to diversify portfolios or to champion an energy movement.

NEWS STORY: CLIMATE CHANGE
Will 2008 Be the Year Congress Acts on Climate Change?
Institutional investors send a message to Congress that action on climate change policy is a business imperative.

NEWS STORY: SUPPLY CHAIN,CLIMATE CHANGE
Tracking Suppliers' Carbon Footprints
The Carbon Disclosure Project reports on the carbon emissions of some of the world's largest corporations' supply chains.

NEWS STORY: SOLAR ENERGY,PERSONAL FINANCE
Sunny Days for New Solar Index and ETF
Claymore Securities launches new ETF based on Melvin & Company's Global Solar Energy Index.

NEWS STORY: SHAREHOLDER ACTIVISM,CLIMATE CHANGE
Ford Establishes Greenhouse Gas Reduction Plan
Shareholders withdraw resolutions at Ford after the carmaker agrees to release its plans on how it will decrease greenhouse gas emissions.

NEWS STORY: MUTUAL FUNDS, GREEN INVESTING
New Fund Invests in Tomorrow's Green Stars
ThinkCapital launches a green growth fund that focuses on sustainable companies.

NEWS STORY: ENERGY,SHAREHOLDER ACTIVISM
New Coal Plants: At What Cost?
Uncertainties abound around the 100-plus proposed US coal-burning power plants contends a report from the Interfaith Center on Corporate Responsibility.

NEWS STORY: CLEAN ENERGY, CLEAN TECH
New Energy Technologies Entice Investors
A report from Clean Edge looks at developments in the clean energy markets and forecasts clean energy sectors will continue their rapid rate of expansion.

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: GREEN INVESTMENTS
Economics Push Green Technology
New study from PricewaterhouseCoopers reports the technology sector will benefit from the "Green Movement."

NEWS STORY: CLIMATE CHANGE; SHAREHOLDER ACTIVISM
Institutional Investors Plan Long-term for Climate Change
Summit at the UN unveils an action plan for addressing climate change risks and opportunities.

NEWS BRIEF: CLIMATE CHANGE
US Carbon Trading on the Way
Analysts predict in 2020 the US will have a $1 trillion carbon trading market.

NEWS STORY: CLIMATE CHANGE: BANKING SECTOR
Three Major Banks Sign The Carbon Principles
With the help of environmental groups and power companies, Citi, JPMorgan Chase and Morgan Stanley outline carbon risk management for banks.

NEWS BRIEF: ALTERNATIVE ENERGY
Intel Vows to Buy Green Energy
Intel tops the list of corporate renewable energy users in the US.

INTERVIEW: ENVIRONMENT: BUSINESS TRENDS
Joel Makower on the GreenBiz.com State of Green Business 2008 Report
GreenBiz founder talks about the inaugural report, which surveys the top 10 green business stories of 2007 and introduces the GreenBiz Index.

NEWS STORY: ALTERNATIVE ENERGY: PERSONAL FINANCE
Growing Interest In Green Investing
New research shows that individual investors think the environment is hot, with solar energy an important investment opportunity.

NEWS STORY: CLIMATE CHANGE: BANKING
Are Banks Getting Caught With Their Umbrellas Down?
A new report from the RiskMetrics Group ranks 40 of the world's largest banks responses to climate change risks and possibilities.

NEWS STORY:
Jolly Green Giant: Google Gives the Green Light to Alternative Energy
Google promises millions of dollars to create inexpensive renewable energy.

NEWS STORY:
Taking the Pulse of the Electric and Natural Gas Utilities Sector
KLD's newest report provides investors with insight on how US and European utilities are dealing with environmental and societal concerns.

NEWS STORY:
Launch of Five Climate Change Funds May Enrich Investors, But Won't Save the World
Deutsche Bank, F&C, HSBC, Schroders, and Virgin Money launch climate funds, a trend that validates the role of finance in addressing--though not solving--global warming.

NEWS STORY: Environment
Growing Up Green: Winslow Offers New Mid-Cap Green Mutual Fund
As the green market place expands, Winslow launches a mutual fund to capitalize on middle-sized growth companies that offer green solutions.

NEWS STORY:
Green Financial Products Take Root in North America
A new report commissioned by UNEP FI lists green financial services and products as it makes the case for green banking's environmental, social, and economic benefits.

NEWS STORY:
Green Angels: Venture and Private Equity Capitalists Help Sprout a New Generation of Environmentally Friendly Companies
Private investors and high-net worth individuals are making a difference--in hopes of making a profit--by actively recruiting start-up and middle-sized companies dedicated to the environment and society.

NEWS STORY:
Emissions Trading Commodifies Carbon, But Does It Really Help Solve Climate Change?
Proponents of carbon trading see markets as the best mechanism for reducing emissions, while critics characterize carbon trading as a devil's bargain that steers profits to polluters.

NEWS STORY:
Ardour Global Index Offers Unique Alternative Energy Universe
Ardour Global Index adds new companies in quarterly rebalancing, including US manufacturer Beacon Power.

NEWS STORY:
Companies, Carbon and Climate Change: The Carbon Disclosure Project Issues its 5th Global Corporate Climate Change Report
More companies are moving from simple carbon awareness to carbon action, but further work still needs to be done.

NEWS STORY:
Canada is Coming Clean: First Canadian Global Clean Energy Fund Launched
Criterion Investments has announced its Global Energy Fund, reflecting a growing enthusiasm for clean energy by investors, companies and governments.

NEWS STORY:
Merrill Lynch Offers New Energy Efficiency Index
Merrill Lynch expands its line of "green" indexes with a new product that tracks the growing movement to reduce energy costs and CO2 emissions.

NEWS STORY:
Biofuels: Keeping Good Intentions on the Right Path
With the biofuels industry growing by leaps and bounds worldwide, controversy is erupting over whether this important new energy source is truly as sustainable as it claims to be.

NEWS STORY:
Banking on the Future: The Two Biggest US Banks To Dedicate Billions to Halting Climate Change
Citigroup and Bank of America have pledged billions of dollars to help fight climate change while a new report questions Chinese banks' environmental policies.

NEWS STORY:
Risky Business: The Outlook for Investing in Nuclear Power
A new report scrutinizes the nuclear industry from an investor's perspective and finds a rotting fantasy of cheap energy and huge returns.

NEWS STORY:
Carbon Offsets: Modern-Day Indulgences to Assuage Carbon Guilt or Market Mechanism for Supporting Clean Energy
Even as they gain popularity as a climate change solution, carbon offsets have come under considerable criticism for diluting action on global warming--the truth likely resides between these extremes.

NEWS STORY:
Concerned Investors and Businesses Call for Congress to Pass a Carbon-Cap or Wear a Dunce Cap
A large group of institutional investors and US companies call on the federal government to pass legislation to fight climate change that includes a demand for mandated cuts in greenhouse gasses.

NEWS STORY:
S&P Tracks Sustainability With a New Global Index
S&P jumps into the growing pool of sustainability indexes with the launch of its Global Thematic Index Series.

NEWS STORY:
Citigroup, Lehman Brothers, and UBS Report on Climate Risks and Opportunities for Investing
Lehman Brothers and UBS agree climate change represents a market failure for neglecting to price carbon externalizations in valuations, while Citigroup makes specific stock picks.

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:
Launch of Three New Clean Tech Indexes Culminates Banner Year for Green Investing
The three Jefferies Global Clean Technology Indexes join the half-dozen green indexes introduced this year.

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:
Another Clean Energy Exchange Traded Fund to Launch
First Trust Advisors is slated to introduce an ETF that tracks the NASDAQ Clean Edge US Liquid Series Index early next year.

NEWS STORY:
Eight Percent of Fortune 500 Taking EPA Challenge to Double Their Green Energy Use
Fortune 500 companies are installing renewable energy generation on-site as well as purchasing green power directly or through renewable energy certificates.

NEWS STORY:
The Growth of Green Building Funds
A new urban green real estate fund from Revival Fund Management exemplifies a budding trend toward private funds capitalized by accredited investors.

NEWS STORY:
Merrill Lynch and World Resources Institute Issue Second Auto Sector Climate Change Report
The report again balances stock picking and investment analysis with in-depth discussion of regulatory and market developments in response to global warming and energy security concerns.

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:
Two New ETFs Fight Climate Change: One Bridges Shift to Cleaner Energy, One Pushes Cleantech
The PowerShares WilderHill Progressive Energy Portfolio and the PowerShares Cleantech Portfolio offer investors increasing choice for investing in climate change solutions.

NEWS STORY:
BP, John Deere, Goldman Sachs, and Allianz Among Renewable Energy Award Winners
The third annual award ceremony, sponsored by Euromoney and Ernst and Young, took place during the Renewable Energy Finance Forum.

NEWS STORY:
Hydropower Stocks as an Alternative Energy Play
Phaethon and Creative Investment Research recommend hydro to gain exposure to the energy boom, contending new technologies offer potential for reducing environmental impacts.

NEWS STORY:
Alternative Energy Revolution Fueled by New Fund Launches Despite Sector Downturn
The launch of the Guinness Atkinson Alternative Energy Fund testifies to optimism about the sub-sector echoed by the launch of the first renewable energy hedge fund by Ardsley Partners.

NEWS STORY:
Biofuels May Not Be Sustainability Panacea, According to Bank Sarasin Report
The report identifies strengths and weaknesses of biofuels from social and environmental perspectives, as well as positing minimum sustainability criteria to qualify for investment.

NEWS STORY:
BP, Suncor, and Shell Top Oil Sector Sustainability Rating; Chevron and ExxonMobil Rank Low
The report by Jantzi Research examines 23 oil companies worldwide on environmental issues such as greenhouse gas emissions as well as human rights and other social issues.

NEWS STORY:
Missouri Farmers Union Credit Union Supports Sustainability in Low-Income Rural Areas
The new credit union supports cooperative entrepreneurial models that advance social responsibility and environmental sustainability in low-income agricultural regions.

NEWS STORY:
World Resources Institute and Citigroup Team Up to Report on Solutions to Climate Change
The report recommends a dozen companies poised to profit from a carbon-constrained future, including Archer Daniels Midland, Caterpillar, Cypress Semiconductor, GE, Itron, Johnson Controls, Monsanto, and Waste Management

NEWS STORY:
Winslow and Jupiter Launch Global Green Fund Using Only Positive Environmental Criteria
The Jupiter Green Investment Trust pioneers cross-continent collaboration and evolution from negative screening to positive sustainability criteria.

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:
Ecological Community Loan Pool Directly Links Ecologically Minded Investors to Eco-Preneurs
The portal created by Ecostructure Financial tweaks the community development financial institution model to allow investors to lend directly to startups solving environmental problems.

NEWS STORY:
Another Clean Energy Index Launches to Capitalize on Transition from Dependence on Fossil Fuels
The NASDAQ Clean Edge US Index joins several other recently launched clean energy indexes tracking solar photovoltaic, biofuel, wind, and fuel cell companies.

NEWS STORY:
Is Contrarian Investing Consistent With or Contrary to Socially Responsible Investing?
SRI practitioners say that the contrarian focus on long-term prospects and overall health of a company suggest yes, while its focus on timing suggests maybe no.

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:
Cost of Clean Energy Decreases to Compete with Its Dirtier Counterparts, According to Report
The Clean Edge report surveys clean energy, documenting market growth, strong stock performance, and expansion of venture capital investment, as well as projecting future trends.

NEWS STORY:
US Banks Sink to the Bottom of the Barrel on Latest Sustainability Ratings from Oekom
Most US banks fail to disclose enough information on their social and environmental performance to qualify for analysis, and only four of 21 analyzed earned above D-level grades.

NEWS STORY:
Wells Fargo Issues Alternative Energy Report to Join Ranks of Banks Advancing SRI Research
The report provides an overview of the alternative energy market as well as the pros and cons of investment opportunities in wind, solar, hydroelectric, hydrogen, biomass, and even nuclear.

NEWS STORY:
Evergreen Solar and Energy Conversion Devices Rated Outperformers in Piper Jaffray Solar Report
The report continues a trend of mainstream equity research using socially responsible investing strategies, and SRI funds confirm this assessment through wide exposure to these two companies.

NEWS STORY:
Opening the Umbrella of Socially Responsible Investing to Include Energy Efficient Mortgages
Indigo Financial Group promotes energy efficient mortgages, which have long been available through a Fannie Mae program but have yet to reach their market potential.

NEWS STORY:
Two New Indexes Help Wean Us From Oil Addiction Via Clean Energy and Cleantech
The WilderHill New Energy Global Innovation Index tracks clean energy companies internationally, while the Cleantech Index tracks cleantech companies in the US.

NEWS STORY:
Whole Foods, FedEx Kinko's Snap up Renewable Energy Credits
Renewable energy credits continue to gain ground in North America as FedEx Kinko's and organic supermarket chain Whole Foods Market each announce major new purchasing deals.

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:
Solar Energy Helps Fuel Socially Responsible Investing
Managers from Winslow Green Growth Fund, New Alternatives Fund, and Portfolio 21 discuss the opportunities and challenges of investing in solar power.

NEWS STORY:
A Light Bulb Turns On: Goldman Sachs First Investment Bank to Adopt Environmental Policy
The policy matches the robustness of other such policies recently adopted by global financial institutions, but the status of Goldman Sachs as an investment bank brings added significance.

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:
Rising Oil Prices Fuel Investment Returns in Renewable Energy for New Alternatives Fund
The first environmental mutual fund is also globalizing its reach to capitalize on innovative developments in alternative energies in other countries.

NEWS STORY:
Spreading SRI: Goldman Sachs Adds Its Own Twist in Social and Environmental Assessment
As socially responsible investment strategies migrate into the mainstream, mainstream analysts apply social and environmental considerations in innovative ways.

NEWS STORY:
A Next Generation SRI Strategy: The Henderson Industries of the Future Fund
By extending to its entire portfolio a focus on ten sustainability industries, Henderson has conceived of a novel approach to socially responsible investing.

NEWS STORY:
Nuclear Power: Still an Environmental Scourge or Now a Climate Change Mitigator?
Despite prominent environmentalist opinions that low greenhouse gas emissions of nuclear power eclipse its problems, socially responsible investment funds still screen nukes out.

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:
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:
Climate Change Offers Opportunities: An Interview with Tim Wirth, President of the UN Foundation
At the Ceres conference in Boston last week, SocialFunds.com sat down with Tim Wirth to discuss the opportunities for companies presented by the climate change issue.

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:
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.

BOOK REVIEW:
Book Review--Capitalism at the Crossroads: The Unlimited Business Opportunities in Solving the World's Most Difficult Problems
According to author Stuart Hart, sustainable global enterprise holds the key to reducing poverty, reversing environmental destruction, and even counteracting terrorism.

NEWS STORY:
European Utilities Top Oekom Sustainability Rankings, US Utilities Crowd the Bottom
Corporate sustainability rating firm Oekom Research rewards climate change mitigation and enhancing energy accessibility for the economically disadvantaged in its latest report.

NEWS STORY:
Shell and BP Top Innovest CSR Ratings of Integrated Oil and Gas Companies
Marathon and several companies operating in emerging markets sink to the bottom of the rankings of corporate social responsibility performers.

NEWS STORY:
New Web Tool Identifies Climate Risk and Opportunity in 24 Biggest Mutual Funds
KLD Research & Analytics information reveals both positive and negative corporate performance on climate change, allowing retail investors to lobby their mutual funds.

NEWS STORY:
First Alternative Energy Index Spawns Exchange Traded Fund
The WilderHill Clean Energy Index, published by the American Stock Exchange, will serve as the basis for an exchange traded fund from PowerShares Capital Management.

NEWS STORY:
Climate Change a Nuisance? Nine State and City Attorneys General Bet a Lawsuit On It
The first climate change lawsuit against corporations, aimed at the top five US carbon dioxide emitters in the utility industry, cites federal common law on public nuisance.

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

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

NEWS STORY:
New Bank of America Policy Sets Best Practice on Climate Change in US Bank Sector
Environmentalist organization Rainforest Action Network helps usher Bank of America into the vanguard of US banks improving their environmental responsibility.

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:
Social and Environmental Best Practice Linked to Financial Outperformance in Electric Sector
Innovest releases another sector report correlating progressive social, environmental, and governance practices and policies with financial outperformance.

NEWS STORY:
Nuke Producer GE Energy Buys Solar Producer AstroPower
The GE Energy buyout of AstroPower represents a Catch 22 for social investors, who generally seek to support renewable energy but screen GE for its nuclear production.

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

NEWS STORY:
California Treasurer Proposes Environmental Screening for State Pension Investments
California Treasurer Phil Angelides pitches the Green Wave Initiative to CalPERS and CalSTRS, the state's huge pension funds, asking them to support green investments.

NEWS STORY:
ExxonMobil Contributed Five Percent of Global Greenhouse Gas Emissions in Last 120 Years
Friends of the Earth releases two studies that attribute one twentieth of global climate change to ExxonMobil. The company questions these findings, as it questions climate change.

NEWS STORY:
The Rashomon Effect: Why Do Innovest and Oekom Rate Toyota's Environmental Performance So Differently?
A Japanese film may help investors understand the discrepancy between the environmental ratings of Toyota by Innovest and Oekom.

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:
UN Institutional Investor Summit Considers Opportunities of Addressing Climate Change
Institutional investors make the business case and investment case for assessing, reporting, and mitigating climate change in a summit at the UN (part two of a two-part article).

NEWS STORY:
Carmakers and Carbon Constraints: Who Will Capitalize and Who Will Cave?
A new report assesses ten auto companiesí relative readiness for reduced carbon emissions and increased fuel efficiency regulations in Japan, the EU, and the US.

NEWS STORY:
Dow, GM, and Johnson & Johnson Lead the Charge to Green Power
The 12 members of the Green Power Market Development Group have purchased almost 100 megawatts of green power from renewable resources since last summer.

NEWS STORY:
Environmental Best Practice Tied to Financial Outperformance in Food Retail Industry
Innovest's latest report shows that environmental leaders in the global food and drug sector financially outperform the sector's environmental laggards.

NEWS STORY:
UN to Hold Corporations More Responsible for Human Rights and the Environment
A UN sub-commission adopted a resolution calling for transnational corporations to be held more accountable for human rights protection and environmental stewardship.

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:
Members of Congress Consider Social and Environmental Disclosure in SEC Filings
A group of Senators and Representatives summoned a symposium on the need for social and environmental disclosure by companies in their SEC filings.

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.

BOOK REVIEW:
Book Review: Eco-Service Development: Reinventing Supply and Demand in the European Union
A new book presents the business case for promoting sustainable development through "eco-services," or the switch from a product-oriented to a service-oriented culture.

NEWS STORY:
FedEx and UPS Green Up Their Fleets With Hybrid Electric and Fuel Cell Vehicles
FedEx introduces hybrid electric delivery vehicles, while UPS is investing in fuel cell technology.

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:
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:
Earth Day Founder Not the Only One to Link Climate Change and Investing
The voices of institutional investors representing public pension funds join those from the insurance industry to advance a business case for addressing climate change.

NEWS STORY:
Is the Sun Setting on AstroPower?
Once the darling of the green investors, AstroPower's share price has plummeted precipitously over the past year.

NEWS STORY:
When Lightning Strikes: Portfolio 21 Applies The Natural Step's Sustainability Theories
Portfolio 21 applies environmental screens based on the principles of the Natural Step, which promotes sustainability.

NEWS STORY:
Investing in Wind Energy Is Not a Breeze
With few pure players in the domestic wind energy sector, investors who want exposure to wind energy must commit their money overseas.

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

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

NEWS STORY:
National Wildlife Federation and Amnesty International USA Embrace SRI
Two well-known advocacy organizations have made a commitment to lowering the wall between their program activities and their investments.

NEWS STORY:
Prince Albert of Monaco Helps Launch a New Sustainability Fund
Instead of investing directly in equities, this new "fund of funds" from Monaco invests in SRI and sustainability funds.

NEWS STORY:
Green Banking
Ten exemplary "green banking" enterprises were honored recently, highlighting the growth of environment-friendly community investing.

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:
Sierra Club Launches SRI Mutual Funds
The Sierra Club is harnessing its name recognition and expertise on corporate environmental performance with its launching of an SRI equity mutual fund and an SRI balanced mutual fund.

NEWS STORY:
Humans' Overuse of Earth's Resources Exceeds Sustainability by 20 Percent
A new report on the ecological footprints of 146 nations documents unsustainable consumption, a phenomenon that, unchecked, will deplete the world's natural resources.

NEWS STORY:
UNEP Advises Financial Sector on Threats and Opportunities Related to Climate Change
A recent United Nations Environment Programme Finance Initiative report outlines the financial sector's risks and opportunities regarding climate change.

NEWS STORY:
Utilities: They're Not Just for Widows and Orphans Anymore
Utilities may represent a wise investment in this bear market, especially for socially responsible investors seeking to capitalize on companies that have the best environmental records.

NEWS STORY:
Hazardous Waste as Fuel: Conservation or Corporate Irresponsibility?
The cement industry calls the use of hazardous waste to fuel cement kilns recycling while critics of the practice call it dangerous.

NEWS STORY:
Institutional Investors Are Slow to Apply SRI to Fixed Income
While many institutional investors apply SRI strategies to the equity portion of their portfolios, they are leaving their income investments relatively untouched.

NEWS STORY:
New Tool Quantifies Corporate Environmental Performance
London-based TruCost launched a single-framework rating tool that allows for a quantitative comparison of companies' environmental performance.

NEWS STORY:
Alternative Strategies for the Alternative Energy Sector
The recent downturn in alternative energy stocks is not necessarily reason for social investors to abandon the sector altogether.

NEWS STORY:
Rio + 10 Series: The Sustainability of the World Summit on Sustainable Development
Organizers are working to reduce the environmental impacts of the Johannesburg Summit.

NEWS STORY:
Oil and Gas Company Environmental Risk Should Concern Investors
Innovest and the World Resources Institute released reports this week that illustrate how environmental risk can affect the shareowner value of oil and gas companies.

NEWS STORY:
Rio + 10 Series: Two UNEP Reports Chart Past, Present, and Future Course of Sustainable Development
Assessments of the progress since the Rio Summit guide the blueprints for the Johannesburg Summit.

NEWS STORY:
Rio + 10 Series: Progress and Regress--Energy Sectors Report on Their Efforts Toward Sustainability
Three industry sectors that supply energy--oil and gas, coal, and electricity--reported on their improvements and shortcomings in sustainable development since the Rio Summit.

NEWS STORY:
Rio + 10 Series: A Brief History of the Earth Summits--From Rio to Johannesburg
SocialFunds.com presents a historical snapshot of the Rio Summit and surveys some significant developments leading up to the Johannesburg Summit. (the second in a series of articles leading up to the Johannesburg Summit)

NEWS STORY:
Rio + 10 Series: A Brief History of the Earth Summits--From Stockholm to Rio
SocialFunds.com examines the significant events, theories, and people that contributed to the first two global summits on human interaction with the environment. (the first in a series of articles leading up to the Johannesburg Summit.)

NEWS STORY:
Annual Meeting Focuses Pressure on ExxonMobil
Some shareowners and NGOs claim that ExxonMobil's environmental and social practices are hurting the company's profitability.

NEWS STORY:
Two Balanced Social Funds Outperform Over the Longer Term
The Pax World Balanced Fund and The Green Century Balanced Fund beat over 90 percent of their peers over a five-year period.

NEWS STORY:
Companies Skirt Disclosure of Environmental Liabilities
New study echoes social investors' call for the SEC to strengthen its rules regarding corporate disclosure of environmental liabilities.

NEWS STORY:
Survey Holds Money Managers Accountable
A recent AFL-CIO survey may prod money managers to examine their proxy voting on labor issues, but some in the social investment community note that the interests of organized labor and social investors sometimes diverge.

NEWS STORY:
Verdict Still Out on Costa Rica Offshore Drilling
Although American companies Harken Energy and MKL-Xplorations purchased the rights to drill for oil off the coast of Costa Rica in 1998, drilling has not started as local organizations voice concerns.

BOOK REVIEW:
Book Review: Eco-Economy
Pioneering environmentalist Lester R. Brown fuses ecological consciousness into economics to create "eco-economy," an economic system that would preserve natural resources while continuing to generate wealth.

NEWS STORY:
Report Criticizes GM's Poor Fuel Efficiency, Applauds Its Other Environmental Efforts
CERES reported on GM's environmental record, praising the majority of the carmaker's initiatives but condemning its failure to improve overall fuel efficiency in its fleet.

NEWS STORY:
Swiss Insurance Company Invests in Sustainability
The reinsurance giant Swiss Re supports sustainability not only in its business practices but also in its investments, and has one portfolio committed exclusively to sustainability.

NEWS STORY:
Capstone Generates Interest in Microturbines
Capstone Turbine Corporation offers environment-friendly alternatives to electricity generation for multiple applications.

NEWS STORY:
Global Energy Providers Score Well in Corporate Responsibility Ratings
New study by German research firm Oekom identifies several trends developing worldwide in the power delivery sector.

NEWS STORY:
GEMI Elevates Environmental Consciousness from the Bottom to the Top Line
The Global Environmental Management Initiative releases a new report promoting environment-friendly methods of enhancing corporate performance.

NEWS STORY:
Environmentalists Attempt to Dam Hydroelectric Project
Canadian energy supplier Fortis, Inc. faces strong opposition from environmentalists over its proposed hydroelectric dam on the Macal River in Belize.

NEWS STORY:
Businesses Convey Interest in Sustainable Mobility
Report on the challenges of achieving long-term sustainable transportation offers multinational automotive and energy companies, as well as governments, food for thought.

NEWS STORY:
EPA Program Recognizes Better Corporate Environmental Performance
Performance Track motivates and rewards businesses that exceed EPA's environmental standards.

NEWS STORY:
Reducing Greenhouse Gases by Making Fizz
An innovative venture enables a Shell subsidiary to sell excess carbon dioxide for soft drink manufacturing, but social investors should know that the company is still miles away from being socially responsible.

NEWS STORY:
Mirant Commits $50 Million to Climate Change Solutions
Energy company's plans include a more robust and transparent environmental policy.

NEWS STORY:
EPA Partners with Businesses to Promote Green Power
Voluntary program has enlisted companies, cities, universities and others with the aim of boosting the market for renewable energy.

NEWS STORY:
Ethanol Producer Looks to Growth in Fuel Additive Market
High Plains Corporation is expecting increasing demand for its products because of concern over MTBE's environmental impact.

NEWS STORY:
Political Contributions Bring Oil Drills Closer to ANWR
U.S. PIRG finds unsurprising correlation between oil company political donations and House members that voted to allow drilling in the Arctic National Wildlife Refuge.

NEWS STORY:
Fuel Cell Stocks Lose A Little Spark
But for the social investor who does not get jolted by volatility, the sector may generate long-term gains.

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

NEWS STORY:
Companies Using NAFTA to Undermine Legitimate Regulations
New report explains how the U.S., Canadian and Mexican governments' ability to regulate in the public interest is being eroded by NAFTA's Chapter 11.

NEWS STORY:
Telecommunications Industry Calls for Sustainability
Some of the world's largest information and communications technology companies form an alliance to promote sustainable development.

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:
Winslow Launches New Green Mutual Fund
The Winslow Green Growth Fund will seek small- and mid-cap companies with superior environmental performance.

NEWS STORY:
SAM Sees Future Profits in Energy
New European investment company will invest in companies with innovative technologies and services that realize more efficient and environment-friendly energy use.

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

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

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

NEWS STORY:
New Venture Fund Aims to Shed Some Light
The first solar energy venture fund will provide capital to companies distributing solar energy products or services in unelectrified rural areas in developing countries.

NEWS STORY:
New Alternatives Fund Invests in a Greener Future
The first environmental mutual fund remains optimistic about the future economic opportunities of alternative energy.

NEWS STORY:
BP Amoco Leads the Industry into a Greener Future
Several recent steps taken by BP Amoco to improve environmental performance have highlighted its leadership in the oil industry.

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