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Volunteerism & Philanthropy / Philanthropy


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 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: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY | EXCHANGE-TRADED FUNDS
New Exchange Traded Fund Will Support Sustainability Themes
A portion of the assets of AdvisorShares Global Echo ETF will support the Global Echo Foundation, a charitable foundation co-founded by Philippe Cousteau.

NEWS BRIEF: SUSTAINABLE INVESTMENT | CORPORATE REPORTING
Ethisphere Awards 145 Companies for Ethical Performance
The annual World's Most Ethical Companies Rankings include 23 companies that have been honored in each of the six years of the award.

NEWS STORY: SUSTAINABLE INVESTMENT | FINANCIAL INDUSTRY
ImpactAssets Seeks to Administer $1 Billion in Impact Investing Assets
Ten years after developing the Giving Fund for the Calvert Foundation, Tim Freundlich talks with SocialFunds.com about the nonprofit's efforts to catalyze investment for environmental, social, and financial impact.

NEWS STORY: SUSTAINABLE INVESTMENT | EMERGING MARKETS
Report Studies Impact Investing in Emerging Markets
Responsible Research finds that while challenges to effective measurement of social and financial benefits persist, the opportunities for impact investors in emerging markets are likely to grow.

NEWS BRIEF: PHILANTHROPY
Charities Should Match Investments to Missions Says 83% of Public
Survey finds the majority of the public expects charities to invest ethically.

NEWS STORY:
Porter and Kramer Framework Melding CSR with Business Strategy Wins Harvard Award
The Harvard Business Review grants the 2006 McKinsey Award to an article arguing companies create competitive advantage by integrating social and environmental issues into core strategy.

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:
Pharma Companies Need to Keep Improving AIDS Response, Says ICCR and Nigerian Doctor
Chukwumuanya Igboekwu of Physicians for Social Justice adds his own critiques to the Interfaith Center on Corporate Responsibility study on pharmaceutical industry shortcomings in addressing AIDS.

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:
Enterprise Social Fund First to Tap Corporate Community for Community Investing
The fund partners Enterprise Community Partners, which will manage the portfolio, with Deutsche Bank, which will seek investment from socially responsible companies and individuals.

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.

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:
Microfinance and Donor-Advised Fund Provide Tsunami Relief
A Grameen Foundation USA report examines barriers and opportunities for using microfinance as tsunami relief, and the Calvert Foundation funnels donations to tsunami-ravaged Sri Lanka.

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:
Community Investment Surpasses the $1 Billion Mark at The Rock
The Prudential Financial Social Investment Program, one of the oldest community investment programs in the country, has distributed more than $1 billion before its 30th anniversary.

BOOK REVIEW:
Book Review--The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits
C. K. Prahalad seeks to solve global poverty by turning the bottom of the socioeconomic pyramid from victims of globalization into its beneficiaries through consumerism.

NEWS STORY:
Can Corporate Social Responsibility Put the Brakes on HIV in Africa?
A field report from Africa by Dan Rosan of the Interfaith Center on Corporate Responsibility.

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:
Community Foundations and Community Investment: An Obvious But Underused Link
The Vermont Community Foundation recently broke new ground by launching a first-of-its-kind community investment program with the support of the Calvert Foundation.

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:
Piper Jaffray Consulting Division Marries Best Asset Managers with Customized Social Screening
Socially responsible investment consultant can apply social screens to best asset managers, even if they do not usually practice SRI.

NEWS STORY:
The Leviticus Fund Helps Shelter the Homeless and Provide Care for Children
In its third decade, the Leviticus 25:23 Alternative Fund lending program continues to grow and now offers a return for social investors.

NEWS STORY:
Give Peace a Chance: Support Women in Business
The Business Council for Peace helps women create sustainable businesses by providing the technology for them to train in computer and entrepreneurial skills.

NEWS STORY:
Is Molina Healthcare a Socially Responsible Investment? Don't Ask The Company
The president and chairman of Molina Healthcare leaves it up to investors to decide for themselves if the company is a socially responsible investment.

NEWS STORY:
Community Investment Bond Helps House the Learning Disabled in the UK
The UK arm of Triodos Bank issues a bond that supports Golden Lane Housing, a UK charity that provides housing to people with learning disabilities.

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:
Do UK Charities' Investments Reflect Their Mission Statements?
A report released today reveals that the majority of large UK charities do not practice socially responsible investing.

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:
Rebuilding Iraq: Humanitarianism Versus Opportunism
Socially responsible investing supports companies and nonprofit initiatives that advance humanitarian efforts to rebuild Iraq and avoids investment in profiteering companies.

NEWS STORY:
New UK Index Rates Corporate Social Responsibility Performance
UK-based Business in the Community launches its Corporate Responsibility Index, which benchmarks corporate social responsibility performance.

NEWS STORY:
World Economic Forum Surveys CEO Attitudes Toward Corporate Citizenship
The World Economic Forum CEO survey finds much enthusiasm but less substance in the adaptation of corporate social responsibility into core business activities.

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

NEWS STORY:
Community Investment Pays: More Conversation with F.B. Heron's Luther Ragin
Luther Ragin details F.B. Heron Foundation's returns on its community investments and urges other foundations and institutional investors to consider community investing (part two of a two-part article).

NEWS STORY:
Helping People Help Themselves: A Conversation with F.B. Heron's Luther Ragin
Luther Ragin explains why and how the F.B. Heron Foundation commits a whopping 18 percent of its total assets toward community investment projects (part one of a two-part article).

NEWS STORY:
Community Investing Pays
New study refutes the myth that loans to low-income borrowers carry higher risk than loans to conventional borrowers.

NEWS STORY:
Some Cracks in Freddie Mac's Otherwise Solid Social and Fiscal Reputation
Freddie Mac's profile appears picture-perfect from a social and fiscal perspective, but recent disclosures have tainted this image somewhat.

NEWS STORY:
Business Ethics' 100 Best Corporate Citizens Outperform S&P 500
An academic study concluded that Business Ethics' list of 100 Best Corporate Citizens generated better returns than the remaining companies on the S&P 500.

NEWS STORY:
Idiosyncratic Firm Invests Old Money in A New Way
Through investments in documentary films, Lowell, Blake & Associates earn a healthy profit for their clients and shows non-profits how to operate within a business model.

NEWS STORY:
Americans Increasingly Interested in Corporate Citizenship
Survey indicates that Americans are looking for good corporate citizens, but are having difficulty finding them.

NEWS STORY:
Entrepreneurs Foundation Starts Up Community Service
Innovative organization taps the resources of the entrepreneurial sector to strengthen communities.

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

BOOK REVIEW:
Book Review: Robin Hood Was Right
Three leaders in giving for social change provide a primer for tomorrow's philanthropy, taking a hard look at the pitfalls of traditional charity giving.

NEWS STORY:
IBM Tops List of 100 Best Corporate Citizens
In a survey by Business Ethics magazine, some corporations shine in their commitment to diverse stakeholders.

NEWS STORY:
Wealthy Activists Confront Economic Inequality
At their national conference Responsible Wealth members examine what they can do as business leaders to promote a broader prosperity.

NEWS STORY:
Funding Social Change Brings Charity Beyond Band-Aids
The Funding Exchange puts social, political, and economic justice into the vocabulary of philanthropy.

NEWS STORY:
Nonprofits Find Added Value in Venture Philanthropy
Although it will not replace classical philanthropy, venture philanthropy brings grant-making to a new level of engagement.

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