CSR IN FINANCE - NEWS
3/11/08 The State of SRI, CSR Wire. The Social Investment Forum (SIF)’s biennial report on trends in socially responsible investing (SRI) concludes that in 2007 SRI assets rose to $2.7 trillion, an 18 percent increase from $2.3 trillion in 2005. This increase was six times the pace of all managed investments. The report was covered in the WSJ, On Wall Street, GreenBiz, Pensions & Investments, and Financial Planning. Support for proxy resolutions on social and environmental issues rose to a record 15.4 average, from 9.8 percent in 2005.
05/07 Market Winners/Fraudsters in 44 BC, Cicero, On Duty (De Officiis), Book III - This classic is being re-read at a CSR faculty seminar in the light of the opening years of the 21st Century. The differences between today's shenanigans and those of Cicero's day seem to relate primarily to scale.
11/05/07 Winslow Green Solutions Fund. The Winslow Green Growth Fund has been a top performer in the socially responsible investment arena. This is a new sister mutual fund.
11/01/07 Microfinance Pioneer ACCION Launches New Website, CSR Wire
10/31/07 UPS Marks 100th Birthday With $1 Million for Micro-Lending
10/26/07 Princeton Faces Trial over Use of Gift Now Worth $880 Million, NY Times
10/25/07 CEOs on Strategy and Social Issues, McKinsey Quarterly (Summary; longer version with free registration)
10/24/07 Insurance Industry Faces Weather Risks, Ceres via Social Funds
10/23/07 Ethics Now a Core Concern of Corporations (column on EIRIS Report), Mallen Baker, Ethical Corporation
10/23/07 U.S., EU, Japan Eye Anti-Counterfeiting Pact, Reuters
10/17/07 CSR Certificate Program, University of Toronto
10/16/07 Ethical Sourcing Forum North America 2008
10/16/07 Companion Systems Certified as a Women's Business Enterprise
10/15/07 Branding Ingredients, HBS Working Knowledge
10/15/07 IBM Partners with Grameen Foundation on Microfinance Banking Platform, CSR Wire
10/12/07 Who Will be Working on Your Next CSR Report?, Reporting Partners Directory
10/12/07 The Community Reinvestment Act 30 Years Later, Conference in NYC
10/11/07 Microfinance Pioneer Launches Boston Seminar Series
10/10/07 Reporting on CSR by Largest Companies in Eastern Europe Improves
10/10/07 William Reilly and Fred Krupp on Private Equity and Environmental Protection, WEC Washington Sustainability Forum
10/10/07 Principal Financial Group Named a 2007 "Best" Employer for Working Moms
10/10/07 USAID and World Cocoa Foundation Sign Agreement to Support Education in West African Cocoa Communities
10/4/07 Analysis: How Buying Practices Impact Workers' Rights, Just Style
10/1/07 Encouraging Dissent in Decision-Making, Harvard Business School
10/1/07 Sustainable Reporting Survey for Awards, Global Reporting Initiative
09/03/07 Lessons from Past Financial Crises, BBC. Remembering the sequence of the unraveling of financial markets in 1929 and 2000 continues to be instructive.
| CSR ISSUES IN FINANCE
11/11 (Blogspot):U.S. Subprime Debt-Holders Lose Twice. Foreigners holding U.S. securities are not just losing money because of the decline in the value of the dollar - many of them may also be losing money on the securities themselves. Barclays and the Royal Bank of Scotland appear to be caught in the web of Collateralized Debt Obligations. An RBS analyst puts the magnitude of the loss from subprime debt at greater than $250 billion and possibly as high as $500 billion. This would be larger than S&L losses in the 1980s. But this time round, some of the costs are being exported. Questions about responsibility for the subprime losses will be coming from overseas as well as from Americans. Were aggressive lenders breaking the law or were within the law but unethical? More: 11/11/07, Blogspot, Subprime Problems Exported. Pension Funds.
10/17 (HuffPost): Growing Public Debt. "The U.S. public debt is currently $9 trillion. That's an average debt for 303 million U.S. residents of about $30,000, or for 135 million U.S. taxpayers of about $67,000. (The numbers are about six times bigger if we add unreported U.S. liabilities.) This debt is being financed by our children and by the rest of the world..." 10/17/07 Blog on Huffington Post, John Tepper Marlin, The Growing Price of U.S. Debt,
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