Tag Archives | social

Mutuality Business Models Explored

Mutuality in BusinessThe objective of the forum videoed below was explore how the adoption of mutuality principles and the Economics of Mutuality approach to value creation can contribute to the both society and the commercial success of firms. The notion that business has a significant role in addressing human and social problems has led to a re-evaluation of the purpose of business.

Putting mutuality – the interests of others – ahead of profit maximisation can generate more value for both stakeholders and the company than traditional profit maximisation. The best businesses do good through the co-creation of commercial and social benefits. There may be lessons here for Twitter. Continue Reading →

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Report from CII Winter Meeting: ESG

CIIEven in Washington, the numbers are impressive. The Council of Institutional Investors, who met in Washington DC this week, represents 23 trillion (with a t) dollars, mostly made up of retirement and other savings of working families. Compare that to the entire budget of the US government, less than two trillion a year. Like most industry group meetings in Washington, this one had presentations on what to expect from Congress and the regulatory agencies and how millennials will change the way the members do business, plus snack breaks and wireless sponsored by firms trying to sell products and services to the attendees. But the a two and a half day session featured repeated agenda topics on climate change and what are called ESG issues, suggesting that pension funds may step in where governments have failed. Continue Reading →

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Positive Impact of SRI Investors

SRI InvestorsSustainable, responsible and impact, SRI investors, have influenced the investment industry, companies, governments and other actors to address environmental, social and governance (ESG) challenges in four major areas, according to The Impact of Sustainable and Responsible Investmenta report released today by the US SIF Foundation.

Influence of SRI Investors

Drawing upon a range of data, surveys and examples, the report focuses on four significant impacts of sustainable, responsible and impact – SRI investors over the past 25 years.  SRI investors have:

  • changed the investment industry, leading to more SRI products and greater access to expert practitioners;
  • improved public companies by stepping up active shareholder ownership and engagement on ESG issues;
  • aided communities and individuals via community investing and other initiatives; and
  • influenced public policy and launched organizations to promote sustainable investment.

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Beyond the Bottom Line With PRI

PRII used to believe that democratic power was exercised like the creation of an impressionist masterpiece — each individual offering an artistically placed paint stroke that blends into the whole as you step back. As I have matured, I now see that those who are able to influence others around them are most effective in shaping the spirit of the painting. Power isn’t wielded by isolated individuals but by networks of individuals who are bonded by trust and influence. Continue Reading →

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Unions Launch Global Proxy Review 2014

CWC Global Proxy ReviewThe 4th annual Global Proxy Review has now been published by the Global Unions Committee on Workers’ Capital (CWC), a joint initiative of the International Trade Union Confederation, Trade Union Advisory Committee to the OECD and Global Unions Federation.

The report and interactive website encourages investors to take an active role in proxy voting oversight for global equity portfolios. Readers will learn how to take active role in proxy voting oversight for global equity portfolios. Continue Reading →

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GMI Ratings Offers Webinar on Emerging Market Ratings

GMI RatingsGMI Ratings, the leading provider of research, data and analytics on environmental, social, governance (ESG) and forensic accounting risks affecting the performance of public companies, is introducing Accounting and Governance Risk (AGR®) ratings on over 9,000 companies in nearly 60 emerging market countries. GMI’s AGR ratings capture a variety of accounting irregularities and corporate governance weaknesses associated with negative events. With the addition of the emerging market companies, GMI now offers AGR ratings on nearly 29,000 companies worldwide. Continue Reading →

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MSCI to Acquire GMI Ratings

MSCIMSCI Inc. (MSCI) announced it has agreed to acquire GMI Ratings, a provider of ESG (environmental, social and governance) ratings and research to institutional investors, through its subsidiary MSCI ESG Research Inc. The transaction is expected to close in the third quarter, subject to customary closing conditions. Said Remy Briand, Managing Director and Head of ESG Research.  Continue Reading →

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Environmental and Social Shareowner Proposals Gain Traction

Key Characteristics of Prominent Shareholder-sponsored Proposals on Environmental and Social Topics, 2005-2011, released by the IRRC Institute (IRRCi) and researched by Ernst & Young LLP finds environmental and social (E+S) shareowner proposals are gaining increased support from investors at US companies. Download the report, presentation, press release and even replay the webinar from IRRCi’s website. Continue Reading →

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ISS Seeks Research Analyst

Research Analyst – Environmental & Social Issues Proxy Research based in Rockville, Maryland.

Institutional Shareholder Services, an MSCI business, seeks to hire a full-time, permanent analyst to join its environmental and social proxy issues research team in Rockville, MD. The primary duties and responsibilities of the position are to conduct research, write reports, and make recommendations on environmental and social issue shareholder proposals that will be voted on at the annual shareholder meetings of publicly traded U.S. companies. Continue Reading →

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Proxy Preview 2010

Proxy Preview is an annual publication that focuses on upcoming social and environmental shareholder proposals. However, it also includes some information on governance proposals as well. It was initiated to help foundations and endowments better align investment and mission but it is useful for other organizations or individual shareholders. The Proxy Preview is published by As You Sow Foundation with support from Jessie Smith Noyes Foundation, Educational Foundation of America, Foundation Partnership for Corporate Responsibility and the Singing Field Foundation.

Michael Passoff, Sr. Program Director, Corporate Social Responsibility Program, As You Sow Foundation authored the review, with substantial input from a large number of institutional shareowner advocates. Passoff broadly covers the types of proposals, major players, reviews 2009, discusses trends, identifies the hot topics by category, provides a good discussion of aligning mission with values, a fairly comprehensive list of resources and concludes with a list of votes coming up in the Spring of 2010.

The average vote for social proposals has more than doubled over the last decade. At the same time, there has been an increase in constructive dialogue. In 2009 less than half of the social proposals filed actually made it on the proxy.  Most were withdrawn by proponents as a result of negotiations. For the fourth year in a row, Say on Pay is the dominant governance issue. Nearly 60 proposals were filed by the end of Marh on the topic of Political Donations, 47 came from the Center for Political Accountability. Sexual Orientation Non-Discrimination and Climate Change continue as strong issues, while new topics include the Troubled Asset Relief Program (TARP), Coal Ash, Hydraulic Fracturing, and Internet Privacy.

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