Meritas Connecting You To Global Legal Expertise You

Meritas Connecting You To Global Legal Expertise You Can Trust

Who is Meritas is a global alliance of business law firms that deliver localized legal service of the highest quality on a fully coordinated basis. Founded by Isidor Kahn, in 1990. 170 firms located in more than 60 countries and encompassing 6, 500 lawyers.

Why Meritas �Every Meritas firm is a member of the alliance by invitation. Meritas' Quality Assurance Program includes components for � rigorous screening of a firm before being invited to join the alliance, � monitoring the quality of service the firm provides and � ensuring firms continue to meet Meritas' client-focused membership requirements. �Meritas' Quality Assurance Program mandates that firms must leave the alliance if they are unable to maintain the standards established for membership.

Quality Assurance Program Meritas is the only law firm alliance with an established means of monitoring and enhancing the quality of its member firms. Meritas firms are held to the highest quality and versatility in legal service. Regular recertification by all firms is a requirement of membership. This ensures alliance firms continually provide superior legal service to their clients.

Pax History Luther Tyson and Jack Corbett established Pax World Balanced Fund in 1971. Their goal: Ø Encourage individuals to invest in maintaining their values Ø Confront corporations to establish and live up to specific standards of social and environmental conscientiousness

Pax Believes… In the long run, an investment that moves toward recognizing and supplying organizations with sustainable business models will lead not only to the shareholders success but everything around it.

Pax World + Community Pax World also invests in communities’ needs and promoting sustainable improvement in the United States and around the globe. Directly supports affordable housing, small businesses, community development and revitalization, health care, education and the environment.

Ethical Funds Company A different view of screening

Process Identify candidates for shareholder action Establish objectives and measurements Partner with potential allies that share their concern Contact the company and meet with their representatives Sponsor a shareholder proposal and solicit shareholder support Move the resolution at the company’s AGM

Screening Works with companies who need ethical guidance Oil and gas, energy, banks Committed to helping companies improve their environmental, social, and governance practices

Nortel Networks Objective of adopting a human rights policy and management system Company adopted a human rights policy Has agreed to participate in future meetings to discuss policy implementation and the need for peace and conflict impact assessments

TIAA-Cref TIAA was chartered in 1918, New York State. The Carnegie Foundation was the initial investor with 500 shares of stock. CREF was formed in 1952 to help increase returns through annuities. Registered with the SEC in 1980. Purpose was to secure financial stability for nonprofit educators. Slogan “Serve those who serve others. ”

3 -Prong SRI Offers socially screened investment options. This can help investors align financial goals with personal values. Value shareholder advocacy through sound financial practices. Engages the corporate process. Community investment options to ensure local progress. 696 million in these commitments currently.

Socially screened assets have grown from roughly 1. 2 billion in 1996 to 9. 6 billion in 2007 TIAA-CREF uses KDL, an independent provider of social research to help discern a company’s practices concerning the environment, government involvement, and social practices. Case Study in Shareholder and Social Advocacy Exxon Mobile The Sudan

Industry Screens Restricted Investments Alcohol, Gambling, and Defense/Weapons No screening Animal testing and Community investment Positive Screening Products and Services, Environment, Labor Relations, Employment/Equality, and Human Rights

Cal. PERS By Christine Archibald Company facts: Stands for California Public Employees Retirement System 1931 - established by state legislation The largest public pension plan in the United States Head quarter is in the capital city of Sacramento. Vision statement: Pride in our service; providing confidence for your future”. Governed by Board of Committee, president is Rob Feckner Core values: Quality, Respect, Integrity, Openness, and Accountability.

Strategic Objectives: to provide members and beneficiaries with benefits as required by law. This will be accomplished through a carefully planned and executed long-term investment program that efficiently and effectively allocates and manages the assets of Cal. PERS They invest in: 1. Alternative Investments 2. Equities (JP Morgan and The Boston Company) 3. Fixed Income (pacific Inv. Management co) 4. Real Estate (shopping malls and apartments) 240 staff in our Investment Office who carry out the daily activities of the investment program.

Fund Facts: Their fund consists of employer and employee contributions, plus earnings. As of 10/2/08, the market value of their fund was $211. 9 Billion. Screening: Corporate governance / transparency issues Social justice Drug free workplace Political stability Environmental

United Plastic Group Ngen Craton Equity Partners Hermes UK Focus Fund JP Morgan Chase Sports Capital Partners L. P. , • Bharat Heavy Electrical Ltd. , • China Petroleum • Chemical Corp • Nam Fatt Co • Oil & Natural Gas Co • PECD Bhd.

Winslow Management Company By Ben Schaechter Winslow Green Growth Fund Winslow Green Solution Fund Inception Date: Private: May 3, 1994 Public: April 1, 2001 Minimum Investment: $2, 500 Investor Shares $2, 000 IRA-Investor Shares $250, 000 Institutional Shares Seeks to invest in small growth companies that have a positive or neutral impact on the environment Inception Date: November 1, 2007 Minimum Investment: $2, 500 Standard Account $2, 000 Retirement Account Seeks to invest domestically and internationally in companies within the green market sectors Focus on mid-sized growth companies between $1 B and $10 B in market capitalization

Winslow Management Company Winslow Green Growth Fund Winslow Green Solution Fund Investment Objective: The Winslow Green Growth Fund ("the Fund") seeks capital appreciation through environmentally responsible investing. Investment Objective: The Fund seeks capital appreciation through investing in companies that provide green solutions. Investment Strategy: This Fund seeks to invest in smaller companies poised for rapid and accelerating growth, driven by new product launches, developing market trends, or other factors Investment Strategy: This fund looks to invest in companies that the Advisor believes are reasonably priced and exhibit the potential for superior growth

Winslow Management Company Winslow Green Growth Fund The Advisor excludes companies that derive significant revenues from: tobacco products, alcoholic spirits, gaming, adult entertainment, military weapons systems, firearms, and/or nuclear power. The Advisor will also not knowingly invest in companies that test cosmetic products on animals, and will avoid investment in companies that manufacture genetically modified organisms for environmental release Winslow Green Solution Fund Many companies are in the business of developing environmental solutions Clean Energy Water Management Resource Management Sustainable Living Environmental Services Green Transport Green Building

Winslow Management Company Some examples of portfolio companies Energy Conversion Devices, Inc. LSB Industries Green Mountain Coffee Roasters Itron Inc. Firstgroup PLC First Solar Inc. Surmodics Inc.

By Michael Clough Eurosif: The European Social Investment Forum General Information Founded in 2001 by five social investment forums (France, Germany, Italy, The Netherlands and The United Kingdom) Members have combined assets over € 600 billion (Roughly $830 billion) Has over 75 financial sponsors/affiliates Amnesty International UK Business Group Greenpeace KLD Research & Analytics, Inc. KPMG Mission Statement “Addressing sustainability through financial markets. ” Governing Bodies Five aforementioned founding members Other members include Belgian, Dutch, Swedish, British SIFs Ben Schaechter

Services/“Screens”Eurosif: The European Social Investment Forum As a forum doesn’t directly invest. Therefore they have no specific screens. Services Include Membership. Benefits: 1 Access to research on legislation, policies and practices for the integration of social, environmental and ethical issues into European financial services. Possibilities to participate in various pan European initiatives with Eurosif and other member affiliates. See EU lobbying efforts first hand get key information about recent EU developments. Publications Guidelines for ethical, social and government compliance and investments. Perform research and present scientific findings In short: Provide the tools/guidelines necessary to make investments in accordance with their mission statement of “addressing sustainability” 1. http: //www. eurosif. org/member_affiliates/joining_eurosif/membership_benefits

Eurosif: The European Social Investment Forum Publications and Datasheets: A Closer Look Nuclear Energy Projections • Provide company/industry data and future projects for: – Nuclear and Clean Energy (% composition of entirety) – Obesity and health progression (Nutritional quality) – Gender Inclusion & Equality (% women/work force) – Computers (Energy consumption) – Waste (% hazardous, overall waste production) – Pharmaceutical (% of sales redistributed to community) • Provide helpful guidelines & fact sheet references – How to integrate the OECD (Organization for Economic Cooperation and Development) guidelines into a multinational corporation. % Women In Workforce Efforts to Eliminate Obesity

Eurosif: The European Social Investment Forum Publications and Datasheets: A Closer Look (Cont. ) • Sector Reports in Regard to Sustainability: – Real Estate – Forestry and Paper – Food Production – Insurance – Automobile – Chemical – Hotel and Tourism • SRI Studies – Year by year evaluations of participating SRIs’ worth – Market evolution – SRI reach or % of total investments Core SRI By European Country, 2005

Conclusion Eurosif: The European Social Investment Forum • Eurosif is not a SRI. It is a forum that gives SRIs valuable information and tools • Eurosif is quite helpful even if one isn’t a member – Plethora of free public information on website • Eurosif, although not prominently known here, is a huge economic force in Europe – Again, roughly $830 billion in combined assets • In light of the “Green Movement” we could see more US companies partnering or becoming members of Eurosif – Large US companies are already making the switch – KPMG was the first US company us utilize transparency guidelines provided by Eurosif • Mission Statement Reiteration: – “Addressing Sustainability through Financial Markets”

TIAA-CREF Social Choice Equity Fund

TIAA-CREF For nearly 90 years, TIAA-CREF has been helping those in the academic, medical, cultural and research fields plan for and live in retirement. We do this with a full array of financial products and services to help them live to and through retirement and invest for life's other goals along the way. In keeping with our strong nonprofit heritage, we offer low fees, a long-term approach to investing, and a full line of financial products and services provided by consultants who never receive commissions. Instead, they are compensated primarily on how well they serve you, not what they sell you.

TIAA-CREF Began in 1990 Arose from the increase in demand of SRI funds after the fall of apartheid in South Africa In 2005, held $179 billion in these funds, making it the largest socially screened investment fund for individual investors

Screens Restrict investments on companies who deal with: alcohol, military weapons, gambling, nuclear power, firearms & ammunition, pornography, and tobacco Proactive investments in companies who support : community relations, employment equity, human rights, labor relations, and certain products that help the economically disadvantaged

Sustainability Investment Criteria • Governance & Ethics • Workplace • Environment • Product Safety and Impact • International Operations and Human Rights • Indigenous Peoples’ Rights • Community Relations

Spotlight On. . . Indigenous Peoples “Calvert is also concerned about culturally offensive or negative images that promote racial, cultural, or religious stereotyping of Indigenous Peoples, and we will dialogue with companies that manufacture and/or market products with offensive labels and logos. ”

Sustainable and Responsible Funds • Asset Allocation • Balanced & Asset Allocation • Equity • International • Large Cap • Mid Cap • Small Cap • Bond • Taxable • Money Market

Shareholder Advocacy • Dialogue with company executives and managers • Proxy voting • Shareholder resolutions

Green Century Equity Fund Description Owned by Green Century Capital Management Made up of non-profit advocacy groups California Public Interest Research Group Citizen Lobby of New Jersey Colorado Public Interest Research Group Founded in 1991 Minimum Investment: $2, 500 Net Assets: $50. 3 million Largest investments: Microsoft Apple Procter & Gamble Coca-Cola

Green Century Equity Fund Description Long-term objective: “To achieve a total return which matches the performance of the Domini 400 Social Index” Mission Statement: “The Fund… seeks to invest in companies that, in its opinion, do not flout basic standards for environmental and social responsibility and thereby seeks to create an incentive for companies to become better corporate citizens” Screens: “No investments in companies with significant revenues from tobacco, alcohol, gambling, nuclear, firearms or companies with more than 2% of revenues from military weapons”

Green Century Equity Fund No or Restrictive Investment No Investment: Alcohol Tobacco Gambling Restrictive Investment: Defense/Weapons No Screens: Animal testing Community investment

Green Century Equity Fund Proactive Investment Exceptionally positive community relations Made progress in diversity Show respect for natural environment Support human rights, pay fair wages Involve employees in day-to-day operations Strong commitments to quality in manufacturing

Azzad Asset Management Socially Responsible Investing Elliott Johnson

Registered with SEC since 1997 9. 36 YTD% Stocks chosen have typically high earnings yield Companies with high debt are not chose, anything with a debt ration greater than 33% or accounts receivable greater than 45% are discluded

Companies discluded: Alcohol – 40% of all crimes Gambling – 4. 2 million include alchol Americans are addicted to gambling, 60% earn less Tobacco – responsible for 1 in than $25, 000 a year every 5 deaths in America Meat Products – not included WMD’s – 1% of the money spent on WMDs could send for personal and religious every child to school reasons

Conventional financial institutions (CFI) are also not included from Azzad asset management because they are historically not responsible. As more Americans are struggling to pay for health care, insurance companies are posting huge profits. Also, CFIs charged over $50 billion in 2001 for financial charges

Is Azzad really socially responsible? Azzad not only passes up investing in companies that are historically “irresponsible” (alcohol, tobacco, etc. ), but also passes on companies that are not financially responsible. A company that is not financially responsible cannot help any stakeholders by expanding for the better, especially when they waste their money.

A step beyond Azzad is also willing to help establish foundations or trusts for you to help charitable giving. They will advise you on how to give back to the community in the most efficient and socially responsible way.

Parnassus Investments Socially Responsible Investments Mark Heneghan

General Information Founded in 1984 in San Francisco Invests in undervalued companies with high growth prospects 8. 78% YTD Boutique Investment Firm with over $1 Billion in Assets

Socially Responsible Investing Parnassus looks for companies that: Ø Respect the environment Ø Treat their employees as partners Ø Encourage diversity in the workplace Ø Insist on ethical business dealings

Screening Parnassus does not invest in: Ø Alcohol Products Ø Tobacco Products Ø Weapons Ø Gambling Ø Nuclear Electricity

Socially Investment Principles Sudan Divestment Parnassus Investments does not invest in companies supporting the current government of Sudan. Since the first oil was pumped in Sudan in 1999, the government has been using oil revenues to build a domestic arms industry. American companies are already barred from doing business in Sudan.

Giving Back Up to 2% of the Parnassus Funds' assets are invested with community development financial institutions that offer credit, capital, and financial services to individuals and organizations engaged in work that benefits low-income communities.

Pioneer Funds-global ecology Socially Responsible Investments Ashley Dreyer

General Information Began in April 30, 1990 in Poland Main headquarters are now in Dublin Fund Manager/Advisor: Christian Zimmermann Have a total of 69 holdings in 10 different countries.

Screening Oekom Research does Screening for Pioneer Funds Screen against: defense violations of human labor tobacco violations of human rights alcohol child labor gambling pronography

Screening Objective is to invest 2/3 of their total assets into companies that produce environmentally friendly products and technology or that help to maintain a cleaner and healthier environment. Invest In: air pollution control, alternative energy, recycling, waste incineration, waste water treatment, water purification and biotechnology.

Mission and Values “Our corporate values are intrinsic to the way we conduct our business. From developing new innovative products to supporting our clients’ needs, we ensure our values are at the forefront of all activities” Values include: Excellence, Integrity, Trustworthiness, Growth, Diversity, Openness to Change, and Team Culture

Northern Trust Global Sustainability Index Fund By Katie Mehal

General Overview Northern Trust introduced this fund March 5, 2008. The President & CEO is Frederick H. Waddell. The Asset Managers are Shawn Murphy & Thomas O’Brien. The Fund is a competitively priced mutual fund seeking longterm performance by investing in companies selected for their projected investment and social returns.

KLD Global Sustainability Index NTGS Index Fund was the first mutual fund to track the KLD Global Sustainability Index (GSI). The GSI is a market capitalization weighted index with large and mid-cap developed companies in North America, Europe and Asia-Pacific. The Index includes 693 of the highest-ranked companies in each sector based on a comprehensive environmental, social and governance screening process (ESG). Stocks are selected for many social responsibility factors through quantitative and qualitative analysis. Note: KLD is aware that holdings in the GSI may not meet the standards of all socially responsible investors.

Environmental, Social and Governance Factors Environmental Social Governance Policies & Mgt. Systems Employees Governance Structure Products & Services Contractors & Supply Chain Business Ethics Natural Resource Use Customers Transparency & Reporting Climate Change Communities & Society Shareholder Relations Waste & Emissions

Socially Responsible Investing “The Fund's sustainability strategy seeks to include companies that address the social and environmental needs of the present, without compromising the quality of life of future generations, rather than exclude companies referred to as "sin stocks" or those that do not meet set criteria of social responsibility. ” http: //www. prnewswire. com/cgi-bin/stories. pl? ACCT=104&STORY=/www/story/03 -05 -2008/0004768289&EDATE=

Business with NTGS Dj Euro Stoxx 50 Sep 08 Microsoft Corporation Proctor & Gamble Company HSBC Hldgs Johnson & Johnson International Business Machines Corp Vodafone GRP Novartis Conoco. Phillips Royal Dutch Shell

Chikyu Ondanka Boushi Kanrenkabu Index Fund By Samantha Ho

Basic Information Nickname: Chikyuryoku that started in Tokyo, Japan on June 5, 2006. Chikyuryoku is indexed by Peter Kinder, the president of KLD’s Global Climate 100 Index. Represented by a large number of Japanese investors who are concerned with the effects of global warming.

Basic Information They are focused on solutions to climate change such as commercializing renewable energies (solar and wind), future fuels like natural gas and hydrogen, and applications of new technologies to reduce emissions of greenhouse gases. The International Energy Agency suggests that $10 trillion will be invested in energy systems in the next three decades.

Companies that Go Green! Companies that go green today include Toyota, Johnson & Johnson, UPS, Fed. Ex and many others. These companies are focused on using clean and efficient technology, future fuels, renewable energies and/or make alternative energies commercially viable.

KLD’s Mission Statement To provide global research and index products to facilitate the integration of environmental, social and governance factors into the investment process; to define, by means of our products and services, accountability standards that enable investors, managers and fiduciaries to influence corporate behavior through their investment decisions and share ownership; and to effect, through this influence, greater corporate accountability and, ultimately, a more just and sustainable world.

Statistics about Chikyuryoku Chikuryoku, along with Cool Earth and Green Planet are some of the investment trusts funds that have total assets of about 270 billion yen. With about $17 million dollars USD invested, it has been an impressive start. The total return of 31. 71 percent from launch through April 30, 2006. This compares favorably to 21. 53 percent for the MSCI World Index.

Parnassus Equity Income Fund (3) By: Jordan A. Bruch

Basic Information Since 1984, Parnassus Investments have been creating shareholder value by investing in undervalued companies with long-term growth prospects. Their philosophy is that companies with ethical business practices make for good investments. The Portfolio Manager is Todd C. Ahlsten and was rated by Barron’s in the Top 100 Managers for 2003, 2004 and 2007.

Basic Information The fund looks to preserve capital in down markets while participating in up markets. At least 80% of the fund is invested in securities that pay interest or dividends. They believe a successful long-term portfolio management approach combines fundamental research with quantitative analysis and risk management.

Positive Impact They look for companies whose actions and products have a positive effect on the world. They look for companies that: Respect the environment Treat employees as partners Encourage diversity in the workplace Support communities where they operate

Social Screens They will not invest in companies that: Manufacture alcohol or tobacco products Are involved in gambling Manufacture weapons Generate electricity from nuclear power

Green Country Funds Jennifer Low

Background Focuses primarily on environmentally responsible investing Founded in 1991 when only a handful of SRI Funds existed Owned by non-profit environmental advocacy groups, the State PIRGs 100% of the income earned by the management fees belong to the State PIRGs that use the earnings to preserve and protect the environment.

Background Campaign for the protection of clean air, clean water, and open space, file lawsuits against companies that illegally pollute, and advocate to reduce emissions of global warming gases and toxic chemicals $2, 500 minimum initial investment in one of the two funds: the balanced fund or the equity fund that together manage 102. 5 million dollars

Mission Statement “Investing Responsibly: The Fund seeks to invest primarily in the stocks and bonds of companies that make positive environmental contributions toward a cleaner and healthier future and to screen out those with poor environmental records. Supporting advocacy: A partnership of non-profits founded Green Century Capital Management, the Fund’s advisor and administrator, in 1991. ”

Screens Nuclear weapons and nuclear energy, tobacco, fossil fuel, animal testing (for non-medical purposes), factory farming, genetically modified organisms, and agricultural pesticides The funds will not invest in any company that has poor records regarding air emissions, resource use, water impact, waste management, purchasing policies, land use, environmental compliance, and environmental disclosures.

Invest Alternative energy, eco-friendly products, green technology, air pollution control and prevention, organic/natural food supply, recycling technologies, water solutions, sustainable development, and community investment Green Mountain Coffee Roasters, Whole Foods Market Inc. , Gamesa Corporacion Technolociga, and Novozymes

Inhance Investments Katie Romanelli

Inhance Investments Katie Romanelli • Corporation • Founded in late 2005 by Vancity Funds • Based in Vancouver, BC • Net assets $143. 7 million CND

Social Responsibility Advise Canadian investors Return on Responsibility -financial analysis with environmental, social, and governance research -responsibility to shareholders, community, customers, and employees • Determines long term economic success

What do they screen for? Employee relations Diversity Environmental commitments Community relations Corporate governance and citizenship Human rights Sustainable products

Who do they invest in? Johnson & Johnson JPMorgan Chase and Co Google Inc HSBC Holdings PLC Royal Bank of Canada En. Cana Corp Canadian National Railway Co

Domini Social Investments Daniel Mckinzie

Overview of Domini Funds Fund Assets Inception Minimum account Largest Sector Largest Holding Largest Country Social Equity Fund $791. 1 6/3/1991 $1500 Information Technology Johnson & Johnson United States European Social Equity Fund $106 10/3/2005 $1500 Financials Statoil Hydro United Kingdom Pac Asia Social Equity Fund $29. 2 12/27/06 $1500 Financials Honda Motors Japan European Pac Asia Social Equity Fund $17. 3 12/27/06 $1500 Financials Vodafone United Kingdom

Global Investment Standards Objectives of Domini: the promotion of a society that values human dignity and the enrichment of our natural environment. We view these twin goals as crucial to a healthier, wealthier, and more sustainable world Domini applies its standards based on the strength of corporate relationships with communities, ecosystems, customers, employees, investors, and suppliers We assess the strength of these relationships by evaluating key themes relevant to each stakeholder

Themes Broad, simplistic goals of the stakeholders: Contribute to the local communities in which they are located Produce high-quality, safe, and useful products Enrich the ecosystems on which they depend Invest in the health and development of their employees Treat their investors and lenders openly and transparently Strengthen the capabilities of their suppliers

Social Screens Do not invest in companies that are major manufacturers of alcohol or tobacco because effective marketing exploits customer addiction Invest in companies that are creative and innovative: assess the needs of the community and then work toward empowering them Invest in companies that are willing to listen to their communities’ opinions and act collaboratively to reach mutual understanding Favorably view companies that systematically communicate their concerns about quality, the environment, and human rights to their vendors, and look particularly favorably at firms that monitor and act upon these concerns Consequently look for companies that cultivate a culture of honest accounting and business practices throughout their daily operations, with adequate systems and safeguards in place to prevent systematic abuse

Evaluation From a social responsibility standpoint, Domini seems to be a sound investment Their social screening process is very extensive and logical From a financial performance standpoint, I would recommend the Social Equity Fund and the European Social Equity Fund

KLD Research & Analytics, Inc.

Mission Statement To provide global research and index products to facilitate the integration of environmental, social and governance factors into the investment process; To define, by means of our products and services, accountability standards that enable investors, managers and fiduciaries to influence corporate behavior through their investment decisions and share ownership; and To effect, through this influence, greater corporate accountability and, ultimately, a more just and sustainable world.

Description Founded 1988 Independent Investment Research Firm Providing Investment Management Tools COO – Tim Brennan President – Peter Kinder Co-Founder – Charles F. Kireker More than $11 billion invested in founds based on KLD’s family of indexes 31 of top 50 institutional money managers Products and Services Used for Screening, Compliance, Asset Gathering

1988 KLD Research & Analytics, Inc. founded 1990 KLD's Domini 400 Social Index launched 1998 KLD Catholic Values 400 Index launched 2001 KLD Broad Market Social Index Series launched 2004 KLD Select Social Index launched 2005 KLD Global Climate 100 Index launched 2006 KLD Dividend Achievers Social Index launched 2007 KLD Global Sustainability Index Series launched

Social Screens Alliances: BNY Jaywalk, Factset, Si. Ri company, alonovo. com, One. Report Environmental Social Governance: beneficial products, community relations, clean climate, energy, employee relations, and human rights Controversial Business Issues: Alcohol, Gambling, Nuclear Power

Evaluation Leading authority on social research and indexes for institutional investors Quality products and services Ultimately looking towards more just and sustainable world Great expertise and leadership in SRI Funds and Social Research

Portfolio 21 Mike Barr

Business Model The Company’s business model is forward thinking and addresses the ecological constraints that are increasingly limiting 'business as usual. ' The company's model encourages products of service, sustainable mobility, localization of inputs/suppliers, lean manufacturing, or the use of regional manufacturing and distribution Their concerns about the ecological crisis began in 1982. They designed Portfolio 21 to address the ecological risks and opportunities of the investment process in the 21 st century

Investment Requirements: They look closely at rising trends in revenues and earnings improvements derived from ecologically superior product lines, a sound balance sheet, increasing profit margins, evolving product lines, investments in renewable energy, innovative transportation and distribution strategies, and efficient use of resources. They seek corporate leaders that make an explicit commitment to these sustainable business practices and have allocated significant resources to achieve their goals.

Leadership The company's management understands the magnitude of the ecological crisis and views environmental sustainability as a major business opportunity. Priorities include: Corporate leaders demonstrating expertise in environmental sustainability. Activities that educate employees, customers, suppliers, and competitors on sustainable business practices. Support for progressive environmental legislation and regulation.

They exclude companies with negative performance in the areas of: Employee Relations Human rights Community Involvement Product safety As well as those with significant business activities in Nuclear energy Tobacco Gambling Weapons

Appleseed Fund Beth Mc. Ghee

Appleseed Fund The Basics Inception Date: Origin: Total Assets: Net Expenses: 2007 Return: Ownership: Managers: December 8, 2006 Chicago, IL $8. 96 Million. 96% -2. 02% Top 10 Hold = 75. 65% Holdings ≈ 10%

Appleseed Fund Social Screens Restricted Investment: Alcohol Military/Weapons Gambling Tobacco * Restricted Investment: excludes firms that generate more than 5% material revenues from the given activity.

Appleseed Fund Social Screens Proactive Investment: Community Investment (1%) Environment Human Rights Labor Relations

Appleseed Fund Recommendation Socially responsible investor Do Not Buy Advisers can keep investing in companies that are not being socially responsible Only have restricted investments, not a complete ban on companies with socially irresponsible activities Only restricts four activities Alcohol, Military/Weapons, Gambling, and Tobacco Low investment return

KLD Select Social Index Fund Matthew Warnken

Index Overview Started by KLD Research & Analytics Maintained by Barclays Global Investors Started on January 24, 2005 $120. 5 million in assets Priced at $47. 59

Mission Statement To provide global research and index products to facilitate the integration of environmental, social and governance factors into the investment process; To define, by means of our products and services, accountability standards that enable investors, managers and fiduciaries to influence corporate behavior through their investment decisions and share ownership; and To effect, through this influence, greater corporate accountability and, ultimately, a more just and sustainable world.

Screens No tobacco companies Otherwise invest in S&P 500 and Russell 1000 companies

Recommendation Liberal social index Would not recommend on social benefit