Friday, August 10, 2007
The Future of Socially Responsible Investing
What will Socially Responsible Investing (SRI) look like in 15 years? I believe we are in a period of rapid growth with an uncertain outcome. Those of us who are involved in and support socially responsible investing, mission-related investing, corporate social responsibility and all that involves introducing social and environmental considerations in a market economy must concentrate on what needs to happen to continue making progress, clearly visioning our desired outcomes.
Subscribe to Green Money SRI, as it has grown, has broadened from a focused small community centered around causes such as the anti-apartheid movement to an impressive, multi-trillion dollar investment system[1] in the U.S. alone, where participants might embrace some or all of a long list of concerns. The Global Reporting Initiative (GRI) started by Ceres ( http://www.ceres.org ) and now based in Amsterdam, reports that to date, nearly 1000 organizations in over 60 countries have declared their use of the GRI Reporting Framework ( More information at http://www.globalreporting.org ). The Investor Network on Climate Risk (INCR), as described on their website, "is a network of institutional investors and financial institutions dedicated to promoting better understanding of the financial risks and investment opportunities posed by climate change. INCR was launched at the first Institutional Investor Summit on Climate Risk at the United Nations in November 2003, and now includes more than 50 institutional investors that collectively manage over $3 trillion in assets. Members engage companies and policy makers through educational forums, shareholder resolutions, and other actions to ensure the long-term health of their investments."[2] The reporting and transparency we have sought has "gone mainstream."
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