greenliving
rectory of Investment Managers. From
2005 to 2007, SRI assets increased
more than 18 percent, while those of
the broader, professionally managed
assets increased less than 3 percent.
“SRI, which today means sustain-
able and responsible investing, has its
modern roots in the 1960s, a tumultu-
ous decade that escalated sensitivities
to issues of social responsibility and
accountability,” remarks Steve Schueth,
president of First Affi rmative Financial
Network, LLC. The investment advi-
sory fi rm specializes in serving socially
conscious individual and institutional
investors.
Concerns regarding the Vietnam
War, civil rights and equality for women
in the 1960s, broadened during the
1970s to include labor-management
SOCIALLY RESPONSIBLE
issues and anti-nuclear convictions. “By
the 1980s, millions of socially con-
scious investors, churches, universities,
INVESTING
cities and states were focusing invest-
ment strategies on pressuring the white
Refl ects Our Values
minority government of South Africa
to dismantle its racist system of apart-
heid,” says Schueth. Then, when citizens
around the world were handed the
Bhopal, Chernobyl and Exxon Valdez
by Brigit Ingram
incidents, “The environment shot to the
top of the socially concerned investor’s
O
n nights when millions of stock market shareholders are losing sleep over list. Since then, the climate crisis has
a teeter-tottering Wall Street, there are likely to be just as many socially awakened investors to opportunities for
responsible investors dozing restfully, because their money is doing well at directing investment capital in other
the same time it is doing good. According to Rachel MacKnight, a spokesperson transformative ways.”
for the Social Investment Forum (SIF), these shareholder activists, who align their Peter Mangold, a Smith Barney
personal and social values with their investment decisions, rest easy knowing that fi nancial advisor in Boulder, Colorado,
their $2.71 trillion is making a positive difference morning, noon and night. appreciates being able to introduce
In 2005, SIF, the only national membership association dedicated to advanc- clients to the idea of investing in com-
ing the concept, practice and growth of socially and environmentally responsible panies that are attempting to minimize
investing (SRI), reported that only one out of nine investment dollars in the United environmental damage or that are de-
States was actively invested in socially screened portfolios. That’s 11 percent of the veloping techniques to improve energy
$25.1 trillion in total assets under management tracked in Nelson Information’s Di- effi ciency, recycle industrial wastes and
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