6 Quotes by Alisa Gravitz
- Author Alisa Gravitz
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More institutions are screening out the very worst social but also using shareholder advocacy to improve those that don't make the grade.
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He not only cares about how things are made and if they are recycled and making sure they are non-toxic, but he also cares about the people who make them.
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The whole idea of socially responsible investing is skyrocketing. When you're putting a lot of money into something, you want to get a good financial return, but you also want your money to do good things.
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It's clear that the combination of competitive performance, screening, and advocacy on behalf of their investors offered by SRI mutual funds are making them an increasingly attractive option for a wide range of investors. SRI mutual funds have grown from $12 billion in 1995 to $178.7 billion in 2005, far outpacing the overall growth of mutual funds in the US.
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Social concerns are increasingly becoming investing concerns, and all of Wall Street is starting to factor these issues into its investment decisions.
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These fund families collectively control $1 trillion, 70 percent of the US mutual fund market. The bottom line is this: mutual fund companies have the clout to hold the companies in their portfolios accountable for climate change impact, and furthermore they have a duty to do so.
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