December 2016 – GreenMoney’s 2017 Outlook

Parnassus Mid Cap Fund Surpasses $1 Billion and Interview with Parnassus Investments founder Jerome Dodson

  Parnassus Investments (www.parnassus.com) announced recently that the Parnassus Mid Cap Fund has surpassed $1 billion in assets, a marker of investor interest in the fund’s high-quality responsible investment strategy. The Mid Cap Fund is the third Parnassus fund to reach this important asset level. Parnassus President and Founder Jerome L. Dodson, who served as […]

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Green Alpha Advisors Adds New Stocks to Next Economy Index

>> Back to December 2016 Issue Index growth signals evolving Next Economy as companies embrace sustainable business strategies   Green Alpha ® Advisors, an asset management firm specializing in innovation-driven, fossil fuel free equity portfolios, announced in mid-November 2016 that it has added 26 new stocks to its Green Alpha Next Economy Index (GANEX). The

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Eaton Vance Corp. Announces Agreement to Acquire Assets of Calvert Investment Management

  Eaton Vance Corp. (NYSE:EV) announced in late October 2016 the execution of a definitive agreement to acquire the business assets of Calvert Investment Management, Inc. (Calvert), an indirect subsidiary of Ameritas Holding Company. In conjunction with the proposed acquisition, the Boards of Trustees of the Calvert mutual funds (Calvert Funds) have voted to recommend

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The Shareholder Action Guide – new book by Andrew Behar, CEO of nonprofit shareholder advocacy group As You Sow

In mid-November 2016 Andrew Behar, CEO of nonprofit shareholder advocacy group As You Sow, releases his first book, entitled “The Shareholder Action Guide.” Described by Robert Reich as “A valuable call to action for small shareholders to change the way big corporations do business,” the guide outlines how people can utilize their investments to shift

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Morgan Stanley and Bloomberg Survey Finds Sustainable Investing Has Entered the Mainstream

Two-thirds of asset managers polled pursue sustainable investing, with 64% believing its adoption will continue to grow. Two-thirds of asset management professionals surveyed (65%) say that they are using sustainable investing strategies to achieve competitive market-rate financial return alongside positive social and/or environmental impact. Sixty-four percent believe its adoption will continue to grow, according to

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Private Equity Players Making the Business Case for Responsible Investment – New Report from PwC

As sustainability issues force their way higher up the corporate agenda, private equity houses (general partners) are now responding to demand from investors (limited partners) for a brighter focus on environmental, social and governance (ESG) factors. Four in 10 (41%) of 111 PE general partners surveyed by PwC in its Global PE Responsible Investment Survey

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Ray C. Anderson Foundation Commits $500,000 to Project Drawdown

Amplifying Existing, Commonly Available, Scientifically Proven Climate Change Solutions The Ray C. Anderson Foundation has awarded a $500,000 challenge grant to Project Drawdown, a global initiative based on meticulous research and subsequent traditional and online publications that analyzes how and when we can reverse global warming. As Project Drawdown is proving, the key is to

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New Report: Investors Finding Innovative Paths to Address Systemic Environmental, Social, Financial Issues

“State of the Industry” Report Finds 50 Profiled Investors with $17.3 Trillion in Assets Moving Beyond Portfolio Diversification; Identifies Ten Investor Tools for Intentional, Systems-Related Investing A new state-of-the-industry report finds that investors are deliberately incorporating new investment approaches to help address systems-level risks and opportunities. The study indicates that investors are intentionally attempting to

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Sustainable Investing and the Restoration of Community

by Joe Keefe, president and CEO of Pax World Funds and its investment adviser, Pax World Management, LLC   The big news story of 2016 was the rise of Donald Trump. A very nasty campaign culminated in the election of a completely unsuitable and unqualified person to serve as President of the United States, in

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2017: Our Interconnectedness is the Big Story

by Don Shaffer, president and CEO of RSF Social Finance   In 2017, we’ll hear a deafening roar from investors:  • “Are screened mutual funds the best I can do?” • “Why is my ESG portfolio filled with technology and big bank stocks?” • “Can you please find me more direct investments?” We’ll hear the

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