Ten Responses to the Enron Crisis for Socially Responsible Investors(Archive)
Enron’s "implosion" is not just a headache for money managers, although it is certainly that. Its collapse has become totemic, challenging our confidence in markets, systems, and laws. …
Global Reporting Initiative Announces First Board of Directors(Archive)
The Global Reporting Initiative (GRI), convened to develop an internationally accepted framework for sustainability reporting for businesses and other organisations, announced today the appointment of fourteen members to its first Board of Directors. …
Trillium Asset Management Joins Coalition to Press BP on Drilling in Arctic National Wildlife Refuge(Archive)
Trillium Asset Management joined a transatlantic coalition of investors filing a shareholder resolution with BP. The resolution calls on the company to analyze risks to shareholder value from operating in environmentally or culturally sensitive areas, such as the coastal plain of the Arctic National Wildlife Refuge. …
Amnesty to ExxonMobil: Do the Right Thing(Archive)
The year 2001 marks Amnesty International’s 40th anniversary. It is also a milestone year for Amnesty International USA; earlier this year Amnesty USA filed its first shareholder resolution. The resolution asks ExxonMobil to adopt a “human rights policy which shall include an explicit commitment to support and uphold the principles and values contained in the Universal Declaration of Human Rights.” To understand the history behind the resolution, I caught up with Mort Winston, Amnesty USA’s former Board Chair and current head of its Business and Economic Relations Group (BERG). According to Mr. Winston, Amnesty has long understood that economic globalization …
Corporate Response to 9/11 Stresses Need to Enlist Business in Fight for Social Justice (Archive)
The notion of a socially responsible company expands naturally and easily during such times as were triggered by the September 11 attacks. It suddenly became a simple matter for businesses to see beyond the bottom line, to recognize the connection they have with the society at large. As a result, we have seen an outpouring of giving that is probably unprecedented in American history. …
Market Watch (Archive)
In the Fall 2001 issue of IFBW, we cited research that had shown that historically, the broad stock market indices had risen on average 6.8% three months following a variety of past earth shattering events. That is, even allowing for the dramatic sell-offs triggered by the events, the markets eclipsed the losses and then went on to gain by nearly seven percent point-to-point in time. Now (Dec. 5) almost two months after the terrorist attacks of 9/11, the S&P 500 is up 6.3%, or nearly matching past experience since the close on September 10. Even more impressive are the gains …
A Tip for Wall Street: Don't Help the Bad Guys(Archive)
In 1998, Trillium Asset Management Corporation (TAMC) attended a shareholder meeting at California-based Unocal Corporation. TAMC was protesting a gas pipeline deal that would have put millions of dollars into the hands of a regime that oppressed women and ethnic minorities, sponsored the opium trade, and had connections to terrorists. The proposed partner was Afghanistan's fledgling Taliban regime. …
The More Things Change….(Archive)
What will happen to efforts to eradicate AIDS in Africa in a post-September 11 world? …
ACTION ALERT! Support the Access for Afghan Women Act of 2001(Archive)
On Monday, November 19, Representatives Constance Morella (R-MD) and Carolyn Maloney (D-NY) introduced a bill into Congress that outlines the concrete and specific steps the United States should take to ensure that women in Afghanistan have a voice in the future of the country and that Afghan women get the relief aid that they desperately need. …
Recent Comments