Socially Responsible Investing Proxy Power

It might not be enough to just invest in a socially responsible portfolio, In an article by GreenBiz.com, a new report is reviewed that highlights a rising number of shareholder resolutions that focus on improving various companies’ social and environmental performance.

“Nearly 400 environmental and social shareholder resolutions were filed in the latest proxy season for issues ranging from labor and human rights to supply chain impacts and recycling, according to Proxy Preview 2011. The seventh annual report was published by As You Sow, the Sustainable Investments Institute and Proxy Impact.

“I think the critical difference proxy voting makes is to signal to companies that these issues are important to significant institutional investors,” said Leslie Lowe, an attorney and senior program strategist to As You Sow.”

The phenomenon of shareholders getting involved in this way has seen a steady growth in momentum as more conventional investors have begun to embrace Socially Responsible Investing with a growth of 55% of proxy filing in the last 10 years.

Examples of  environmental resolutions include those related to natural resource management and toxics. Companies such as Bisphenol, Yum Brands, and Dentsply International, IBM, Pepsi, and Target have been filed and are pending. according to the report.

Read more: http://www.greenbiz.com/news/2011/02/24/shareholder-activism-grows-during-latest-proxy-season#ixzz1F6HkhMEi

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Alon Shalev is the author of The Accidental Activist (now available on Kindle) and A Gardener’s Tale. He is the Executive Director of the San Francisco Hillel Foundation, a non-profit that provides spiritual and social justice opportunities to Jewish students in the Bay Area. More on Alon Shalev at http://www.alonshalev.com/

People Making a Difference – Alice Waters

Alice Waters doesn’t need much introduction around these parts. The owner of Chez Panisse, author of many health/nutrition books and the endorser of a slew of initiatives in the organic, sustainable, local food movement, Waters would be a celebrity if she hadn’t chosen to live in such an anti-establishment community such as Berkeley.

Alice Waters at the King Middle School Edible Schoolyard

Still at least here she can encourage people to spend their money on organic produce rather than fashionable shoes without fear of someone stabbing her with their Women’s Liliana by Adi Croc Print Pointed Toe Stiletto ($36 at Target by the way – I did some research).

One particular initiative has caught my attention. My eldest has begun studying at King Middle School where Ms. Waters helped establish an edible schoolyard. It has now become a growing initiative around the country.

Ms. Waters says: “Students who are given healthy food options at school, along with gardening and culinary curriculum, have a greater knowledge of nutrition and eat more fruits and vegetables than children who don’t.”

Students shuck corn at the Edible Schoolyard

She also believes that every child from kindergarten to high school should eat school lunch for free. When you charge for lunch the kids who need it the most won’t buy it.

When asked what gives her hope for the burgeoning food justice movement she replied:

“The next generation of eaters — those under 25. There are some extraordinarily eager and committed young people who really care about food and where it comes from. And they understand why we need to go back to basics like growing our own food and sharing a simple, home-cooked meal.

This age group really gets the importance of nourishing ourselves and the planet.”

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Alon Shalev is the author of The Accidental Activist (now available on Kindle) and A Gardener’s Tale. He is the Executive Director of the San Francisco Hillel Foundation, a non-profit that provides spiritual and social justice opportunities to Jewish students in the Bay Area. More on Alon Shalev at www.alonshalev.com