Post subject: Calvert (Rankings of Companies' Social Responsiblity)
Posted: Mon Mar 26, 2007 8:07 pm
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Joined: Sat Oct 16, 2004 10:53 pm Posts: 20537 Location: The City Of Trees
This is a thread that I meant to make last summer, but I totally forgot about it until just recently, when I just got brought on as a full-time official employee at the company I work at.
I had a nice road trip with one of my relatives that lives in Maine, and he works for a mutual funds company called Calvert. It's a very unique business model in that it specializes in what is calls "Socially Responsible Investing", offering stocks and bonds that meet some non-traditional criteria along those lines.
He said that his company was able to somewhat anticipate the downfall of companies like Enron, WorldCom, and the like as there was a correlation between how they treated their employees, the community, the planet, etc.
Here's a list of the top 100 companies and how they rate on Calvert's scales:
Anyhoo, I have a feeling there's a lot of people on this forum who are concerned on where their money is going to this regard, so I thought I'd share this with you. Feel free to comment.
Last edited by Green Habit on Mon Mar 26, 2007 10:48 pm, edited 1 time in total.
Is there any explaination as to why Walmart is ranked so poorly for environmentalism? I thought they were pretty progessive when it comes to energy efficency in their stores and launched a large campaign last year to put "green pressure" on their suppliers.
Joined: Sat Oct 16, 2004 10:53 pm Posts: 20537 Location: The City Of Trees
broken iris wrote:
Is there any explaination as to why Walmart is ranked so poorly for environmentalism? I thought they were pretty progessive when it comes to energy efficency in their stores and launched a large campaign last year to put "green pressure" on their suppliers.
It might not have been updated since Wal-Mart announced the fluorescent light bulb thing.
However, Wal-Mart's aggressive cost cutting by sending manufacturers overseas isn't exactly an environmentally-friendly tactic.
Joined: Sun Oct 17, 2004 7:19 pm Posts: 39068 Location: Chapel Hill, NC, USA Gender: Male
Green Habit wrote:
punkdavid wrote:
So even though Anheuser-Busch got ratings of 3 or 4 in all categories, they were excluded because they are manufacturers of alcoholic beverages?
They stated that the origins of this practice centered around not supporting vices.
I seem to remember getting info about social responsible stocks and the list excluded companies making alcohol, tobacco, and firearms.
_________________ "Though some may think there should be a separation between art/music and politics, it should be reinforced that art can be a form of nonviolent protest." - e.v.
_________________ Oh, the flowers of indulgence and the weeds of yesteryear, Like criminals, they have choked the breath of conscience and good cheer. The sun beat down upon the steps of time to light the way To ease the pain of idleness and the memory of decay.
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