Tuesday, October 28, 2008

Today’s Realities are from Yesterday’s Visions

George Gay opened this morning’s SRI conference session. He spoke of vision and goals.

The goal of Socially Responsible Investing (SRI) is a healthy, socially just, environmentally sustainable society. I have rarely seen fewer words with such depth and power.

Each time I attend this conference I come away with a head full of new ideas and a heart filled with stories of profound societal changes made by inventive and creative social entrepreneurs. This is the place where the idea of choosing between doing good and making money is seen as foreign. In the SRI world there is no choice. The possibility and the reality is to do good AND make money.

No longer a new paradigm, but certainly one that has plenty of room to grow. Based on the last SRI trends report, http://www.socialinvest.org/resources/research/ About 1 in 9 dollars invested in the US uses one of the three tools of SRI.

Those three tools are:
  1. Screening – excluding or including assets based on social screens such as environmental, social justice or values.
  2. Shareholder Advocacy – speaking directly to companies where change is desired and/or filing shareholder resolutions requesting change.
  3. Community Investing – directing capital to underserved populations in the US and globally for the purpose of providing opportunity where none currently exists

    Learn more about SRI at www.socialinvest.org

    If you want to go quickly, go alone.
    If you want to go far, go together

    African Proverb

    May prosperity be yours,
    Mackey McNeill, CPA/PFS, IAR
    President and CEO
    Mackey Advisors
    www.CultivatingProsperity.com
    859-331-7755
    Mackey@CultivatingProsperity.com


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