The Difference a Decade Can Make

| June 24, 2002 Issue

S ocially responsible investments (SRIs) have always been a tough sell, due to the wary public's (unsubstantiated) notion that ethics and profits are incompatible. Barbara Krumsiek offers her predictions for social investments for the next decade in .

Krumsiek expects that such investments will become much more desirable as truths about businesses such as Enron come to light, and as we look increasingly to the world at large and how our actions affect the lives of others and in turn, our own.

"Social investing has addressed this fragility for decades, and in thatrespect, I am confident we are contributing to solutions, not adding to theturmoil," Krumsiek writes. "Human dignity, the right to a fair workplace, and environmental performance have long been at the root of social investing."

These specifications, according to Krumsiek, will lead to growth in assets and influence in socially responsible companies, thereby easing the public's hesitancy to make such investments. This will discredit the "either/or myth" that ethical and financial performances are mutually exclusive, compelling people to invest in successful but harmful companies.

In addition, Krumsiek sees a rise in SRI funds' focus on community investments (where mutual funds invest a percentage of assets into "communities underserved by traditional financial institutions") and more growth and awareness globally for the need for SRIs: "Outside the U.S., SRI is more commonly known as "investing for sustainability," reflecting the fact that environmental concerns have been the key driver of investment screens. Now, as the UN has published its Global Compact--"pillars required to sustain the new global economy and make globalization work for all the world’s people"--pressure is building for broadened social screening."
--Julie Madsen
Go there>>

Pay Now Save $5!

Utne Summer 2016Want to gain a fresh perspective? Read stories that matter? Feel optimistic about the future? It's all here! Utne Reader offers provocative writing from diverse perspectives, insightful analysis of art and media, down-to-earth news and in-depth coverage of eye-opening issues that affect your life.

Save Even More Money By Paying NOW!

Pay now with a credit card and take advantage of our earth-friendly automatic renewal savings plan. You save an additional $5 and get 4 issues of Utne Reader for only $40.00 (USA only).

Or Bill Me Later and pay just $45 for 4 issues of Utne Reader!

Facebook Instagram Twitter

click me