SRI gaining ground in USA
It’s difficult to think ‘philanthropy’ without thinking ’socially responsible investing (SRI)’, which is also known (particularly in Australia) as ‘ethical investment’. Recent trends suggest that both corporations and investors are increasingly discovering SRI, as this US report shows:
A study released by the Social Investment Research Analysts Network on July 11 reveals that 34 companies listed on the S&P 100, a weighted index of 100 major blue chip companies, now base their corporate social responsibility (CSR) reports on a recognized third-party standard—the Global Reporting Initiative’s Sustainability Reporting Guidelines. The use of uniform reporting criteria is critical to helping SRI firms select appropriate companies in which to invest. Other indicators similarly point to corporations’ greater embrace of social responsibility: according to the same study, 79 of the S&P 100 firms now have CSR websites, up 34 percent from last year.
This story was produced by Eye on Earth, a joint project of the Worldwatch Institute and the blue moon fund. Source: WorldWatch
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