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[GreenYes] Paul Hawken critique of Socially Responsible Investing


At 07:19 PM 6/26/2006, Stephanie Barger wrote:
>Here is the
>website
><http://www.naturalcapital.org/index.html>http://www.naturalcapital.org/index.html
>they are located in Sausalito
>Here are some excerpts from the website
>
>Socially Responsible Investing: How the SRI industry has failed to respond to
>people who want to invest with conscience, and what can be done to change it.
>
>Naively or intentionally, phrases such as 'corporate social
>responsibility,' 'sustainability,' 'green business' and 'socially
>responsible investing' are being employed by corporations in ways
>that confuse consumers and diminish the work of businesses that are
>dedicated to responsible practices. SRI mutual funds, which purport
>to invest responsibly, are in fact buying shares in many companies
>that have co-opted these terms. In response to this blurring of
>meaning, NCI published a
><http://www.naturalcapital.org/docs/SRI%20Report%2010-04_word.pdf>report
>in 2004, and developed the first database of socially responsible
>mutual fund portfolios in North America, accessible free of charge
>to the public.
><http://www.responsibleinvesting.org/>www.ResponsibleInvesting.org
>
>Stephanie Barger, Executive Director
><mailto:stephanie.barger@no.address>stephanie.barger@no.address
>Earth Resource Foundation
>230 E. 17th St #208
>Costa Mesa, CA 92627
><http://www.earthresource.org/>www.earthresource.org
>949-645-5163
>
>Help support Earth Resource Foundation's youth programs and
>campaigns for: smoke free beaches, plastic reduction and promotion
>of electric cars and renewable energies
>

Gary Liss
916-652-7850
Fax: 916-652-0485
www.garyliss.com

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