SRI in the news

May 28, 2013

iStock_000013382349XSmallHershey’s First Certified Product Available Across the U.S. 

After announcing its commitment to source 100% certified cocoa by 2020, The Hershey Company released its first certified product, Hershey’s Bliss® late last year. This is a great step in the right direction and hopefully an indication of the company’s intention to persevere with its commitment leading up to 2020. This is also a big win for United Church Funds who have had ongoing engagement with Hershey since 2007, encouraging the company to source coca beans free from child labor. Read the full story here.

The Intersection of Social Responsibility and Commodities Investing

The Interfaith Center on Corporate Responsibility recently released Guidelines for Responsible Investing in Food Commodities. While these views are not necessarily those of UCF, it is a helpful way to learn more about attitudes in this investing space.

Conflict Minerals Final Rule from the SEC

After nearly two years, the SEC has made a final ruling on its implementation of the Dodd-Frank Financial Reform Act’s mandate for companies to disclose whether their products contain tin, tantalum, tungsten, or gold derived from mines in the conflict-torn Democratic Republic of the Congo.

Learn more here.

Hydraulic Fracturing – Not Cut and Dry

The following link provides a thoughtful view on the positives and negatives of natural gas hydraulic fracturing. While we promote responsible extraction through our socially responsible investing program, the views expressed are not necessarily those of UCF.

Eco-Justice Notes

Media Makes Citi Vote Into a Revolution

The say-on-pay vote at the recent Citi annual meeting did not support Vikram Pandit’s compensation package. The media is making it seem like this is the first of many advisory votes at American banks this year which will express discontent with CEO remuneration. My prediction: as socially responsible investors (including UCF who advocated for say-on-pay before it was signed into law by the Dodd-Frank Act) have always maintained, this is a sharp tool. It will be wielded selectively. I’m betting this will be the only bank pay package that doesn’t receive majority support this shareholder season.

 
View Full (non-mobile) Site