|
Corporate Social Responsibility
News
12.10.2007 - 01:19pm ET
|
CSR News from:
|
|
|
News Categories: |
| | |
Domini Social Investments Wins "Social Capitalist" Award from Fast Company Magazine and Monitor Group
Mutual Fund Manager Recognized for Encouraging Companies to Embrace Sustainability
(CSRwire) New York, NY - December 10, 2007 – Fast Company magazine and
Monitor Group announced this week that Domini Social Investments, a leader
in the field of socially responsible investing, has won one of the
magazine's fifth annual Social Capitalist Awards. This year marked the
first time that for-profit companies were eligible for this award.
The awards recognize organizations and companies for using the tools of
business to solve the world's most pressing social problems, and for
demonstrating a consistent and unusually large impact on society.
Describing Domini, the editors wrote, "The pioneering mutual fund manager,
with $1.6 billion in assets, invests in businesses that pass rigorous
social and environmental standards. Domini also files 15 to 20 shareholder
resolutions each year and lobbies portfolio companies to improve
environmental and social practices." The magazine emphasized the influence
of Domini's shareholder activism program, saying that it has convinced
companies like Apple, Kimberly-Clark, and Starbucks to commit to more
sustainable business strategies. All winners are featured in the
December/January 2008 issue of Fast Company, with expanded online
coverage at www.fastcompany.com.
"This award is a tribute to the Domini Funds' thousands of investors, who
put their investments to work not only for their families’ future but to
build a better future for all of us," said Amy Domini, founder and CEO of
Domini Social Investments. "Our firm is built on the idea that the way you
invest matters - that investors, if we harness our power and think beyond
next quarter's profits, can change companies, change Wall Street, and
ultimately change the world. In choosing to invest sustainably and
responsibly, our shareholders make change happen every day."
Domini was one of only ten for-profit companies - and the only mutual fund
manager - to be named Social Capitalists for 2008. The others were Better
World Books, Developing World Markets, Equal Exchange, Herman Miller, New
Leaf Paper, Organic Valley, Seventh Generation, SustainAbility, and
ShoreBank. In addition, the magazine named 45 nonprofit winners.
"We are especially delighted to share this honor with a number of
organizations with whom Domini has worked closely over the years, and in
particular with ShoreBank, the country's leading community development
bank and our partner in offering the Domini Money Market Account," said
Carole Laible, president and COO of Domini Social Investments. "This
account offers investors an opportunity to receive competitive cash yields
while providing capital to the communities that need it most. ShoreBank
does extraordinary work, and is a perfect example of a business that truly
makes a difference."
In the selection of the Social Capitalist Award winners, companies and
organizations were evaluated according what Fast Company calls
"five critical components": social impact, entrepreneurship, innovation,
aspiration and growth, and sustainability. Each applicant provided two
years of operating data and audited financial data, a statement of mission
and objectives, and answers to questions on strategy and activities.
Winners were selected by an independent board of experts on various
sectors.
Domini Social Investments and its founder and CEO Amy Domini have received
many other honors in recent years. Earlier in 2007, Plenty magazine
honored Domini Social Investments as one of 20 companies that are changing
the world. Amy Domini was named to Time magazine's "Time 100" list
of the world's most influential people in 2005, and was also included in
SmartMoney magazine's "Power 30" list of Wall Street's thirty most
influential people (2004), Money magazine's "50 Smartest Women in
the Money Business" (2000), and Barron's "All Stars," a list of 25
of the fund world’s "heaviest hitters" (2000).
Call Domini at 1-800-762-6814 or visit www.domini.com to learn more about the
Domini Funds or to open an account.
About Domini Social Investments
Domini Social Investments manages $1.5 billion in assets for individual
and institutional mutual fund investors seeking to create positive change
in society by integrating social and environmental standards into their
investment decisions. Two fundamental principles underlie the global
investment standards that Domini applies to each of its investment
products: the promotion of a society that values human dignity and the
enrichment of our natural environment. Domini views these twin goals as
crucial to a healthier, wealthier, and more sustainable world. More
information about Domini and the Domini Funds is available at www.domini.com.
Domini is the investment advisor of the following mutual funds:
Domini Social Equity Fund (NASDQ: DSEFX)
Domini Social Equity Portfolio (NASDQ: DSEPX)
Domini Institutional Social Equity Fund (NASDQ: DIEQX)
Domini European Social Equity Fund (NASDQ: DEUFX)
Domini European Social Equity Portfolio (NASDQ: DEEPX)
Domini European PacAsia Social Equity Fund (NASDQ: DUPFX)
Domini European PacAsia Social Equity Portfolio (NASDQ: DUPPX)
Domini PacAsia Social Equity Fund (NASDQ: DPAFX)
Domini PacAsia Social Equity Portfolio (NASDQ: DPAPX)
Domini Social Bond Fund (NASDQ: DSBFX)
About Fast Company magazine
Founded in 1996 and acquired in 2005 by Mansueto Ventures, LLC,
award-winning Fast Company magazine covers the ideas, trends, and
visionaries that are sparking change and creating the future of business.
With a total paid circulation of 746,161, Fast Company explores the
profound innovation, creative breakthroughs, best and "next" practices that
are driving the business world.
About Monitor Group
Monitor Group is a leading global professional services firm working with
corporations, governments, and social-sector organizations to help them
drive growth. Employing over 1,500 people in 22 countries worldwide,
Monitor offers a blend of advisory, capability building, and capital
services.
Each investor should consider the Domini Funds' investment objectives,
risks, charges, and expenses carefully before investing. Obtain a copy of
each Fund's current prospectus for more complete information on these and
other topics by calling 1-800-762-6814 or at www.domini.com. Please read the
prospectus carefully before investing or sending money.
Past performance is no guarantee of future results. Economic and
market conditions change, and both will cause investment return, principal
value, and yield to fluctuate so that an investor's shares, when redeemed,
may be worth more or less than their original cost. For performance
information current to the most recent month-end, call 1-800-762-6814 or
visit www.domini.com.
A 2.00% redemption fee is charged on sales or exchanges of shares made less
than 30 days after the settlement of purchase or acquisition through
exchange, with certain exceptions. See the Fund's prospectus for further
information. The Domini Funds are subject to market risks and are not
insured.
Unlike a mutual fund, the rate of return for the Domini Money Market
Account is determined by ShoreBank and will vary from time to time. Please
note that you will be able to access your Domini Money Market Account only
through Domini Social Investments. Domini Social Investments will act as
your agent for the purpose of making deposits to and withdrawals from your
DMMA account and will maintain the records of your account. You will not be
able to access your account or obtain balances by contacting ShoreBank
directly. The DMMA is subject to certain FDIC insurance limits of $200,000
per depositor.
Investing internationally involves special risks, such as currency
fluctuations, social and economic instability, differing securities
regulations and accounting standards, limited public information, possible
changes in taxation, and periods of illiquidity. These risks are magnified
in emerging markets.
The Domini Funds are not affiliated with any bank and are not insured by
the FDIC. DSIL Investment Services LLC, and ShoreBank are not
affiliated.
DSIL Investment Services LLC (DSILD), Distributor. 12/07
|
|