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News Briefs |
TIAA-CREF Calls on Shareowners to Take More Active Roles in Corporate Governance
(02/08) Referring to crises in governance from Enron to the financial crisis, the financial services organization recommends that institutional investors meet their responsibilities as universal owners through active engagement with companies in their portfolios. In Wake of Controversial Supreme Court Decision, Shareowner Activists Develop Plan for Corporate Disclosure of Political Spending (02/05) Asserting that excessive corporate political spending reduces shareowner value and weakens corporate governance, shareowner advocates call on corporations to adopt a framework for disclosure developed by the Center for Political Accountability. Shareowners Are Urged to Press Companies to Link Compensation with ESG Factors (02/04) A Eurosif study of companies listed in the FTSE Eurofirst300 index finds that relatively few European companies link executive compensation to ESG performance, with financial institutions lagging behind all other sectors. Book Review: The Surprising Solution: Creating Possibility in a Swift and Severe World (02/03) Author Bruce Piasecki describes a new global equity culture in which the corporations that thrive will be those that respond to the social challenges of a resource-restrained world. Obama Announces Greenhouse Gas Reduction Targets for Federal Agencies (02/02) Following his October Executive Order directing Federal agencies to set reduction targets, Obama announces that the Federal Government will reduce GHG emissions by 28% by 2020. More News Articles
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An Announcement from Needmor Fund
The Needmor Fund is pleased to announce the appointment of Shari Berenbach, President and CEO of
the Calvert Social Investment Foundation, to Needmor’s Finance Committee. Shari brings with her a
comprehensive background in mission related finance and community investments. Her long tenure at
Calvert Foundation has seen it grow from $5 million to $350 million in community investment assets
under management.
Widely respected in the community investment world, Shari has long associations with many of Needmor’s key partners in the field. We think there is much that Needmor can learn from Shari and she has expressed the same in her expectation of joining Needmor. The Needmor Fund, headquartered in Toledo, Ohio, funds community organizing across the nation. They have been pioneers in socially responsible investing, shareholder activism, and community development investing. Dave Beckwith, Executive Director dbeckwith@needmorfund.org Ken Rolling, Board Chair www.needmorfund.org
New Sustainable Transportation ETF to be Launched on NASDAQ
Invesco PowerShares Capital Management
LLC plans to list its PowerShares Global Progressive Transportation Portfolio on the NASDAQ
Stock Market on September 18, 2008.
To be traded under the ticker PTRP, the portfolio is an exchange-traded fund (ETF) that is based on the Wilder NASDAQ OMX Global Energy Efficient Transport Index. An index-based exchange-traded fund seeks to replicate the movements of an index of a financial market. The Wilder Index tracks innovative and energy efficient transportation by focusing on businesses that are engaged in cleaner and improved means of transporting goods and people. It includes a global group of companies engaged in four focus areas: alternative vehicles; rail and subway systems; sea, land, air and intermodal; and transport innovation.
Google Heats Up Next Generation Geothermal Energy
More than $10 million in investments and grants will flow from Google.org into Enhanced Geothermal Systems (EGS) technology.
Google is also supporting research into governmental policies on geothermal energy and next
generation geothermal resource mapping.
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