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News Briefs |
Interview: Cary Krosinsky, Editor of Evolutions in Sustainable Investment
(02/03) SocialFunds.com talks with Krosinsky about the challenges to as well as the inevitability of a mainstream uptake of sustainable investing strategies. States Require Insurers to Respond to Climate Risk Survey (02/02) California joins New York and Washington in requiring insurers that that write in excess of $300 million in premiums to respond to the National Association of Insurance Commissioners' Climate Risk Survey. A 30% Reduction in EU Emissions by 2020 will be Cheaper than Expected (02/01) Noting that emissions reductions reached 14% by 2010, the European Commission concludes that a 30% cut will cost less than anticipated, and the Institutional Investors Group on Climate Change calls for incentives to stimulate private investment. Investors Team with Law Enforcement Professionals to Combat Sex Trafficking at Super Bowl (01/31) Interfaith Center on Corporate Responsibility members warn that child sex trafficking increases during large sporting events, and engage with Indianapolis hotels to raise awareness of the risk at this year's Super Bowl. UN Adaptation Database Highlights Corporate Sustainability Efforts (01/30) The UN Framework Convention on Climate Change publishes an online database featuring case studies of climate change adaptation activities undertaken by private companies. 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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