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• Column:
Inspiration, where to get it!
• Clean Energy Outperforms
VC Market
• Leading Banks Adopt Equator
Principles
• UK Charities Change Investment
Policy
• Future Reputation of
Multinationals is at Risk
• CSR/SRI conferences
• TBLI Academy: five
scenario trainings to prepare your strategies for the future economy:
- The Future of Corporate Governance
- The Future of SRI Reporting
- Carbon Risk & Opportunities in the Next 10 Years
- The Future of Foreign Direct Investment
- Future of Fiduciary Responsibility
• TBLI Conference:
NEW and restyled brochure is coming your way!
• TBLI Award: Are you committed?
Sign up to win the TBLI Award!
• Lectures & Teaching
• New books
• Jobs: Great jobs in the
SRI/CSR business from Brussels to El Salvador
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COLUMN
Inspiration: How to get it and how to
keep it. Want to know who inspires Robert Rubinstein?
I recently gave an interview to a new internet network site. During
the interview, I was asked to talk about my background, what is
Brooklyn Bridge, what is our mission-vision, why the name BB, etc.
Then I was asked who inspires me, and I started thinking of people
that I met who were truly inspirational: Patch Adams, Hazel Henderson,
Mansukh Patel, Mohammed Yunus, and several others. Then I rethought
my answer and felt that the ones that inspired me the most are my
wife Rieki, my son Sammy and our dog Lego.
When I think about my wife, who is completely passionate about Bhutan,
and recently started a ph D study about gender, value and sustainability;
he is a true light of hope, generosity, pleasure and inspiration.
Always happy, positive, enjoying life, generous and loving. It never
matters in which country she finds herself or which culture she
encounters, things always go smoothly, while everyone else is arguing
with locals for things not going according to their plan. She is
a true citizen of the world.
Sammy wakes up with a smile on his face and goes to bed smiling
and joking. He lives for what matters most in life, and that is
playing, loving and sharing. I remember going on a school trip and
a little girl from his class asked me if I was Sammy’s father
and I said yes. She remarked ”Sammy is the sweetest boy in
the class, when I am sad, he will come over and tell me jokes and
cheer me up”. That is true inspiration.
Finally Lego the newest member of the family has no aggression,
only wants to play, and licks you when he sees you. It does become
annoying sometimes when he tries to give me a wake up lick at 06:30
in the morning. Yet it is quickly forgotten when we go out and he
goes to say hello to all the dogs he meets with a lick for hello,
and then a request to play. It is a beautiful site to see him frolicking
in the grass with all his fellow canines.
That’s what “it” should be about. Play, love, respect,
fun, enjoyment, sharing. No doubt about it. Who inspires me? Rieki,
Sammy and Lego and everyone who shares their zest for life and people.
-- Robert Rubinstein
A traveler encounters the Buddha
on the road and asks him,
"Are you a deity?" Buddha says no. "Are you a saint?"
Buddha says no. "Are you a prophet?" Buddha says no.
Exasperated, the traveler asks. "Then what are you?"
Buddha answers, "Awake."
Clean
Energy Outperforms VC Market
Clean energy's share of the declining US venture capital
investment
market has trebled to an all time high of 2.3 per cent, according
to Clean Energy Trends 2003. The sector received 488 million dollars
last year! Read more?
http://www.cleanedge.com/reports/trends2003.pdf
Leading Banks Adopt Equator Principles
Washington DC, June 4, 2003 - Ten leading banks from seven
countries today announced the adoption of the "Equator Principles,"
a voluntary set of guidelines developed by the banks for managing
social and environmental issues related to the financing of development
projects. The banks will apply the principles globally and to project
financing in all industry sectors, including mining, oil and gas,
and forestry.
The banks adopting the Equator Principles today are ABN AMRO Bank,
N.V., Barclays PLC, Citigroup, Inc., Credit Lyonnais, Credit Suisse
Group, HVB Group, Rabobank, Royal Bank of Scotland, WestLB AG, and
Westpac Banking Corporation. http://equatorprinciples.ifc.org/ifcext/equatorprinciples.nsf/Content/corepointsl
From:
Progressive Investor
New York, June 2, 2003
Sustainable Asset Management's Head of Private Equity, Gina
Domanig, discusses the status of green business venture capital
in Europe and the U.S. and SAM's role. Read more?
http://www.sustainablebusiness.com/progressiveinvestor/index.cfm
Pension Fund Fail to Consult
Over three quarters of the UK's top 250 pension funds do
not consult members on how to include social, environmental or ethical
issues investment strategies, according to new research published
this month by the Ethical Investment Research Service Read more?
http://www.eiris.org
'How responsible is your pension?' I want to know!
http://fastlink.headstar.com/pens1
Private Equity Returns Continue to Reflect Falling Valuations and
Limited Exit Opportunities
April 21, 2003--Newark, NJ
Private Equity Performance Index results released today by Thomson
Venture Economics and the National Venture Capital Association,
show that the Annual private equity returns continued to be negative
for the eighth straight quarter. Are there any exit opportunities
for you?
http://www.riskworld.com/NEWS/02q3/nw02a097.htm
10 MBA Scholarships at Nottingham University
The International Centre for Corporate Social Responsibility
at Nottingham University Business School has 10 scholarships available
for its MBA in Corporate Social Responsibility 2003-04For further
details, e-mail CSRScholarships@Nottingham.ac.uk
Do UK Charities Invest Responsibly?
Guardian,14 May 2003
The latest Just Pensions report by Duncan Green, based on collaborative
research undertaken with CAF (Charities Aid Foundation) and EIRIS,
shows that nearly two thirds of the UK's largest charities currently
have no written ethical or socially responsible investment policy.
You think they want to do something about it? (http://society.guardian.co.uk/charityfinance/story/0,8150,955121,00.html).
www.justpensions.org
The
Cooperative Bank Comes Clean on Unethical Companies
According to The Co-operative Bank's "warts and all"
Partnership Report, the value of the business lost due to ethical
and ecological reasons in 2002 was £4.38m. However, its annual
customer value analysis shows that the bank's ethical stance was
worth £30m, or up to 24 per cent of its bottom line profit
of £122.5m. Read more
http://www.co-operativebank.co.uk/ethics/partnership.html
Asian Corporate Governance Study Shows Korea, Malaysia in the Lead
CLSA's fourth annual survey on corporate governance in Asia,
released in early May, was done for the first time in collaboration
with the Asian Corporate Governance Association. This study reveals
that Korean and Malaysian markets have experienced the biggest improvements
in corporate governance standards of any countries in Asia since
2001. Read more http://www.asria.org/news/press/1053069841
Watson Wyatt presses for ten year pension mandates
Watson Wyatt is pressing for pension funds to adopt ten year
mandates so that fund managers will be measured over a longer time
frame than the standard three year period. Roger Urwin, head of
investment practice at Watson Wyatt, said the approach will reduce
trading costs and should also encourage fund managers to make more
use of shareholder activism to improve returns. Read more www.watsonwyatt.com/europe.
Report Asks When ExxonMobil Will Wake Up to Climate-Related Risks
May 5, 2003
Beware of the significant risks the company faces in terms of how
the oil giant addresses climate change. Read more http://www.socialfunds.com/news/article.cgi/article1123.html
Innovest finds environmental leaders outperformed by 43% over 4
years
Innovest's paper & forest products report considers a
wide spectrum of key industry trends associated with social and
environmental issues. The report conclusions show the extent to
which these issues affect the generation and protection of shareholder
value within the sector, and provide strong evidence of the financial
merits of committed sustainability leadership. For further information
e-mail pwilkes@innovestgroup.com.
ASrIA initiates "Development of SRI in Asian emerging markets"
project
Sponsored by International Finance Corporation (the private
sector arm of the World Bank), ASrIA has initiated research into
SRI in Asian Emerging Markets. Each report will cover the current
status of SRI, other related initiatives and levels of awareness
in each market. For further information visit www.asria.org.
Investors
tell Oil and Mining Firms to "Come Clean!"
The Guardian, May 21, 2003
Ten of Britain's top institutional investors have called on oil
and mining companies to publish all payments made to governments,
in an effort to stamp out corruption. Read more
http://www.wbcsd.org/plugins/DocSearch/details.asp?
type=DocDet&DocId=MTIzOA
Future Reputation of Multinationals at Risk?
Global CEOs Predict that Environmental and Social Credibility
will have a Significant Impact on the Future Reputation of Multinational
Corporations. Read more http://www.cus.cam.ac.uk/~akob2/ReputationsSurvey.html
Japanese Government sets up working group on CSR standard
The Ministry of Economy, Trade and Industry is to set up
the working group to feed proposals into the International Standards
Organization's project to create a new CSR standard. The group will
be chaired by Iwao Taka, described by the Japan Times as a pioneer
in corporate ethics research. CSR has raised its profile in Japan
following recent corporate scandals. For further information visit
www.ethicalcorp.com.
The Church Group ICCR Launches Global Corporate Code of Conduct
'Principles for Global Corporate Responsibility: Benchmarks
for Measuring Business Performance' addresses a wide range of issues
including sweatshop labor, pollution control and access to affordable
drugs, including anti-AIDS medication for employees of multinational
companies. For further information visit the Interfaith Center for
Corporate Responsibility website www.iccr.org.
Environmental Groups Gain as Companies Vote on Issues
May 29, 2003
By Katharine Q. Seelye (NYT)
Shareholders have filed global warming resolutions with more than
two dozen industrial companies this year. Read more http://www.nytimes.com/2003/05/29/business/29POLL.html?tntemail0
Investment
Opportunities
South Yorkshire Forest Partnership UK Seeks Partners
from the North West region of Europe for an Interreg IIIB bid to
examine the relationship between the quality of environmental settings
(especially in postindustrial landscapes) and how this affects economic
investment decisions. Further details from: Frances Wells at frances@franceswellsassociates.com
First
International Sustainable Energy Organization (ISEO) General Conference,
June 17-18, 2003 - Geneva, Switzerland
First
SRI Conference in South Korea, 16th June 2003, Seoul, Korea
Long-term
Fund Performance, 8th & 9th September 2003: Central London
SRI in the Rockies Conference,
October 19-22, 2003, Olympic Village, California, USA
Distribution of ethical
products via large retail chains in the EU: field reality and development
needs
Wednesday 25 June 2003, Brussels
10th Annual WRI Conference on Sustainability
in Business School Curricula - Alert Your Professors!
July 17-19th in Fort Lauderdale
MBA
Program in Sustainable Management Opens This Fall, Presidio
World College
UNEP
FI Tokyo Roundtable Update 'Sustaining Value', October
20-21, 2003 - Tokyo
UKSIF's
'Retail Revolution' to be Launched, Thursday evening
10 July, London
Business
Sustainability, 29-30
September 2003, Amsterdam, Netherlands
Investor
Interest in Corporate Sustainability and the Disclosure of Material
Risk
19-20 June - INSEAD, Fontainebleau
Closing the Gap between Corporate
Principles and CSR Reporting, 20-23 June, Oslo
Carbon Credits in
Project Finance, 7-8 July, London
The 2nd Annual Green Mountain
SRI Summit, 14-17 September, Vermont, USA.
Linking
Products and Service: Transcending Sustainability, June
16-20, University of Virginia, Charlottesville, VA
What
Do Stakeholders Want? July 9, 2003, Hotel Krasnapolsky,
Amsterdam
The
Australian Association of Professional and Applied Ethics Annual
Conference
2nd - 4th October 2003, Melbourne Australia
Rebuilding
Trust Through Corporate Responsibility, June 17 - 19,
Washington DC.
Three
Sector Conference on Public-Private Partnerships, July
15-16,Washington, DC.
Invitation
To Participate With Case Studies, October 1st to 3rd,
Quito- Ecuador
Practical
Solutions for Community Development Finance,Cardiff,
2-3 July 2003
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YES!
The brochure for the TBLI Conference 2003 will be send to you this
month! It’s completely restyled. We’ve developed a great
program with over 80 speakers. Here some of the companies wo will
be presenting:
AFL-CIO,Anglo
American PLC,Assoc. of Institutional Shareholders,Banco ABN AMRO
REAL - Brasil,Bank Sarasin & CIE,BASF Aktiengesellschaft,BHP,BNP
Paribas GroupBT,Calvert Investments,Canon,CDC Capital Partners,Christian
Brothers Investment Services, Inc.,CoreRatings,Deminor (shareholder
advisory),Deutsche Bank,Deutsche Telekom AG,Dexia Asset Management,DNV,Dow
Jones Islamic Market Index,European Commission,France Telecom,FTSE
International Limited,Global Environment Fund,Holcim,IADB,IFC-International
Finance Corporation,Insight Investment,INTEL Corporation,IRRC-Investor
Responsibility Research Center,ISIS Asset Management plc,Jupiter
Asset Management,Legg Mason Wood Walker,METI-Ministry of the Economy
, Trande and Industry,Ministerie van Economische Zaken,Noranda Inc.,OECD-Trade
Union Advisory Comm,Philips International BV, Rabobank,RAGM,Ricoh
Co. Ltd.,Rio Tinto,Shareholder Assoc for Research & Education,Shorebank,SNS
Asset Management,Standard Life Investments
Watch out for the brochure! or Look for the brochure!
The fifth anniversary of TBLI 2003
will take place on November 6-7, 2003 in Amsterdam. What started
in 1999 as a small event has grown into the world's largest conference
on SRI (Socially Responsible Investing) and sustainable investment.
During the two day event, the latest developments on screening,
auditing, reporting, analysis, corporate citizenship, indexes and
research will be covered. Anyone involved in the financial sector
should attend.
The entire program can be found at TBLI
Conference Program.
Order
now:CD-ROM TBLI Conference
Did you miss attending TBLI 2002, or previous events and would like
to receive all the presentations, acv's, and quick time video of
the event. Visit TBLICD-Rom order
page! The price is Euro 148, (including VAT 19%, and postage)
Want to know what previous attendees
said about TBLI? Visit Triple Bottom
Line Investing
Is your company committed to SRI/CSR? Are you
committed – think they deserve the prize? Sign your company
up to win the TBLI Award! Mail to award@tbli.org
with your company information and details on SRI/CSR aspects.
For more info visit our website at www.tbli.org
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The TBLI
Academy will begin a series of scenario trainings various SRI related
subjects, including:
The
Future of Corporate Governance
Much in the headlines over the past 18 months, corporate governance
is expanding in scope, concept and implications. What's more the very
real liabilities and investment risk of corporate governance failure
has been powerfully demonstrated leading to a shake-up on global corporate
financial regulation unprecedented. This shift from a notion of "best
practices" toward a notion of culpable requirement is dramatic
and substantive in its implications. At the same time the concept
of corporate impact and responsibility in environmental, social and
humanitarian terms is being explored by governments and regulators
across the globe.
The Future of Corporate Governance will explore the critical uncertainties
and driving forces facing corporate governance stakeholders. By examining
these possible futures, the project will identify the implications,
opportunities and risks of alternative strategies, and identify indicators
today of possible future environments tomorrow.
The Future of SRI Reporting
Against the background of a global environment of economic and political
uncertainty, Socially Responsible Investing has found itself a somewhat
unexpected beneficiary. A crisis in corporate governance, changing
EU and US regulatory landscapes, increasing environmental and social
accountability and liability, and continued economic stagnation have
led to renewed investor interest in the field. Yet this context of
opportunity has introduced challenges. Reporting must keep pace with
investor risk assessment needs.
The Future of SRI Reporting will explore the critical uncertainties
and driving forces facing SRI Reporting stakeholders. By examining
these possible futures, the project will identify the implications,
opportunities and risks of alternative strategies in reporting, and
identify indicators today of possible future environments tomorrow.
Carbon Risk & Opportunities
in the Next 10 Years
Carbon is a hot commodity. With carbon emmissions now a regulated
liability, carbon has becoming a driving force in the investment market.
How the corporate response to the risks and opportunities of this
exposure will develop remains unclear. For medium and long term investors
carbon now plays a critical role, particularly for those equities
in high C02 risk exposure areas. Carbon is also openning a new investment
sector of opportunity as new product developments respond to the demand
for carbon efficiency and consumption, and the trading of carbon credits
impacts traditional production supply chains.
Carbon Risk & Opportunities will explore the critical carbon-associated
uncertainties and driving forces facing corporate and investment stakeholders
over the next ten years. By examining possible futures, the project
will identify the implications, opportunities and risks of alternative
strategies in the response to the carbon factor, identify indicators
today of possible future environments tomorrow, and explore who the
'winnders' might be over the coming ten years.
The Future of Foreign Direct Investment
FDI has been a primary driving force in globalisation over the past
two decades. A central tenant of global financial policy, FDI has
defined developing world economic policy, underpinned International
Monetary Fund and World Bank policy, and played its role as the mechanism
of international trade and corporate investment. Now FDI faces a review,
against a backdrop of global economic uncertainty, continued economic
decline in the developing world, uncertainty in Russia and Asia, and
growing political uncertainty surrounding conventional practices of
globalisation.
The Future of FDI will explore the critical FDI uncertainties and
driving forces facing investment and policy stakeholders over the
next five years. By examining possible futures, the project will identify
the implications, opportunities and risks of alternative strategies
in the response to the FDI question, and identify indicators today
of possible environments tomorrow.
During the meetings the critical uncertainties and driving forces
facing corporate stakeholders will be explored. By examining these
possible futures, the project will identify the implications, opportunities
and risks of alternative strategies, and identify indicators today
of possible future environments tomorrow.
The
Future of Fiduciary Responsibility
Pension Funds and their fund managers have in the past been reluctant
to embrace SRI. Fiduciary responsibility has made their embrace
of this investment style difficult. Lately, this issue has been
addressed by the performance of SRI funds. In addition, a new issue
has arisen, namely that with social and environmental issues clearly
impacting value and financial performance, perhaps that by not embracing
SRI, fund managers are not performing their fiduciary responsibility.
The Future of Fiduciary Responsibility will explore the critical
uncertainties, risks and opportunities facing fiduciary responsibility.
By examining these possible futures, the project will identify the
implications, opportunities and risks of alternative investment
strategy for pension funds and other institutional investors.
If you would like to register for any of the above expert meetings,
or would like to receive the brochure, contact academy@tbli.org |
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Robert
Rubinstein will be teaching a MBA course on SRI at Rotterdam School
of Management, starting September 2003.
If you would like to
have a lecture given within your organization contact: lecture@tbli.org
New lecture series starting:
Is SRI happening?
There are no angels.
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The
Fourth Economy
"The Baseline Revolution. A 21st Century Approach to
Management and Reporting." By Hans V.A. Johnsson and Per Erik
Kihlstedt.
Emissions
Trading in the U.S.: Experience, Lessons, and Considerations for
Greenhouse Gases
Pew Center reviews six diverse U.S. emissions trading programs,
drawing lessons for the development of greenhouse gas reduction
programs.
Designing
a Mandatory Greenhouse Gas Reduction Program for the U.S
The second report evaluates cap-and-trade programs, greenhouse
gas taxes, and a "sectoral hybrid" program.
Striving
For Sustainability
An Introduction To Corporate Environmental Management, by
Stefan Schaltegger, The University of Lueneburg, Germany, Roger
Burritt, The Australian National University and Holger Petersen,
Umweltbank Deutschland (Nürnberg). You can view the "Chapter
8: Markets, Efficiency and Eco-efficiency".
Unfolding
Stakeholder Thinking 2,Relationships, Communication, Reporting And
Performance - Edited by Joerg Andriof, Sandra Waddock,
Bryan Husted and Sandra Sutherland Rahman.
Resources
for Promoting Global Business Principles and Best Practices
Keeping the Wolves at
Bay - A Media Training Manual, by crisis management consultant
Jonathan Bernstein.
GAIAN
DEMOCRACIES – Redefining Globalisation and People-Power
Roy Madron and John Jopling, Green Books/Schumacher Society
Emerging
Risks in the 21st Century: An Agenda for Action
Environmental
Entrepreneurship, "Greener Management International",
is a special theme issue edited by Michael Schaper, Curtin University
of Technology, Australia. |
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Policy
Director,The International Social and Environmental Accreditation
and Labelling Alliance, Brussels, Belgium
Communications Manager for AccountAbility, London, UK
Social Compliance Auditors for CSR World,New Delhi, Chennai, Bangalore,
Dhaka and Colombo, India
For more info click here http://www.ethicalperformance.com/recruitment/vacancies.html
Graduate
Intern
Morley Fund Management-London, is seeking a Graduate Intern
to undertake a Corporate Governance project. Please submit your
details to ronnie.lim@morleyfm.com
Vice
President - Membership Organizing and Local Advocacy National Community
Reinvestment Coalition, through June 30, 2003. Send resume:
Kathleen Moore, NCRC,733 15th St., NW, Suite 540, Washington, DC
20005, By fax: 202-628-9800 or Email: kmoore@ncrc.org
CSMs India and UK offices have a number of vacancies available:
Deputy Director (India office),September 2003
2 Researchers (India office),July 2003
External Relations Officer (India office)
Programme Manager (UK office)
Internships
A number of guided internships are available at UK or India
office. Next internship period: July September 2003
Contact us for further details at info@csmworld.org
Head
Of Community Marketing
Krispey Kreme, Frimley, Surrey, Uk
Further information on the role is available from the Krispy
Kreme's
recruitment consultant, Caitlin Hardy, at caitlin@execucare.com
or on020-7761 0715 (d).
World
Bank / Consultants / El Salvador
Mito Tsukamoto, Corporate Social Responsibility Practice
Private Sector Advisory Services Department, The World Bank
tel (202) 473-6153, fax (202) 522-2138
Intern-Foundation
For Sustainable Development, Otavalo, Equador
Contact:Alicia Robb, http://www.fsdinternational.org/
Development
Director
Ashoka, Arlington, Va, USA, Ashoka Search Committee
1700 North Moore Street, Suite 2000, Arlington, VA 22209
fax: 703-527-8383, or e-mail jobs@ashoka.org
Major
Donor Manager
Co-Op America, Washington, Dc USA
Denise Hamler, Marketing Director, 1612 K Street NW, Suite 600,
Washington, D.C. 20006, denisehamler@coopamerica.org
Senior European Consultant
EMCP / / RIZHAO, China
Jennifer Coleman, EU Team Leader, Industry Development,EMCP,
Tel: (+86) 10-8263-5574 /84/94 ext15
Mob: (+86) 136-9154-3432 (Note Change),http://www.acca21.org.cn/EU/epart.html
Economics
Consultation Cambodia, East Timor, Bangladesh And Vietnam
The Asia Foundation. Please send resume and cover letter
to: The Asia Foundation, Human Resources, P.O. Box 193223, SF, CA
94119-3223, via fax 415/956-4857, or email at jobs@asiafound.org,
www.asiafoundation.org
Graduate
Opportunities
Barclays Africa Leadership Programme provides an exciting
and challenging opportunity to begin your career www.findajobinafrica.com
If
you would like to post a job opening, please email to jobs@tbli.org
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