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Corporate Social Responsibility
News
5.15.2008 - 01:15pm ET
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CSR News from:
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The NASDAQ OMX Group, Inc.
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PrimeNewswire Enables Companies to Target Press Releases Toward Corporate Social Responsibility Conscious Media and Investors
Sustainability, Green Initiatives and Socially Responsible Investing Create Demand for Highly Specialized News Distribution
(CSRwire) LOS ANGELES, CA & SPRINGFIELD, MA — PrimeNewswire(SM), the news
distribution subsidiary of The NASDAQ OMX Group, Inc., has announced a
channel relationship with CSRwire(TM) — The Corporate Social
Responsibility Newswire. The relationship enhances PrimeNewswire clients'
reach toward media and investors who concentrate on Corporate Social
Responsibility (CSR) activities.
From 2005 to 2007, Socially Responsible Investing (SRI) assets in the U.S.
surged 18-percent, according to a report on Socially Responsible Investing
Trends in the U.S. published by the nonprofit Social Investment Forum
(SIF). A report published by The Corporate Executive Board in March 2008
showed that 23-percent of the companies polled actively court or
communicate with SRI funds.
"Once dismissed as intangible, shareholder resolutions on social,
environmental and corporate governance issues are now more actively
supported by retail and institutional investors," said Doug Ventola, Vice
President of NASDAQ OMX Group. Clearly, this is not 'greenwashing.' SRI is
having a tangible, positive impact on many of our clients. It's important
that we help them tell their stories and our collaboration with CSRwire
will help both private and public companies reach this expanding
stakeholder base," added Ventola.
In addition to its' own global distribution network, PrimeNewswire will
employ CSRwire’s highly targeted network for synchronized distribution
of CSR-related news. CSRwire distributes news releases from companies on
issues such as diversity, philanthropy, socially responsible investing,
the environment, human rights, workplace issues, business ethics,
community development and corporate governance.
"We are very excited to be working with PrimeNewswire and NASDAQ OMX in
furtherance of our mission to raise awareness of corporate social
responsibility initiatives for organizations around the globe," said Greg
Schneider, COO of CSRwire. "Assisting PrimeNewswire's clients in reaching
the CSR community will continue to promote the notion that a company’s
value should be reflective of their social and environmental impact, as
well as their financial performance."
PrimeNewswire maintains a global network for the distribution of full-text
news releases and has some of the world’s best known companies as
customers. PrimeNewswire releases can be found in online sites such as
Yahoo! Finance, Google, MarketWatch, CNN Money, and The Wall Street
Journal.
PrimeNewswire's account executives will consult with public and private
companies to identify news releases that are germane to this specialized
socially conscious audience. This PrimeNewswire distribution channel
upgrade is available now.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It
delivers trading, exchange technology and public company services across
six continents, and with over 3,900 companies, it is number one in
worldwide listings among major markets. NASDAQ OMX offers multiple capital
raising solutions to companies around the globe, including its U.S.
listings market; the OMX Nordic Exchange, including First North; and the
144A PORTAL Market. The company offers trading across multiple asset
classes including equities, derivatives, debt, commodities, structured
products and ETFs. NASDAQ OMX technology supports the operations of over
60 exchanges, clearing organizations and central securities depositories
in more than 50 countries. OMX Nordic Exchange is not a legal entity but
describes the common offering from NASDAQ OMX exchanges in Helsinki,
Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more
information about NASDAQ OMX, visit www.nasdaqomx.com.
About PrimeNewswire:
PrimeNewswire, a NASDAQ OMX Company, operates one of the world's leading
full-text press release, photo, and multimedia distribution services.
Utilizing the latest in communications technology, PrimeNewswire's
multi-channel delivery network provides real-time, simultaneous access to
key audiences around the globe, including daily newspapers, wire services,
online services, databases, trade publications, institutional and
individual investors, and consumers. For more information, visit
www.primenewswire.com or call +1.800.307.6627.
About CSRwire:
CSRwire is the leading source of corporate social responsibility and
sustainability news, reports and information. CSRwire members are
companies and NGOs, agencies and organizations interested in communicating
their corporate citizenship, sustainability, and socially responsible
initiatives to a global audience through CSRwire's syndication network and
weekly News Alerts. CSRwire's parent company, Meadowbrook Lane Capital,
LLC, has been described as a 'socially responsible investment bank' by the
Wall Street Journal. For more information, visit www.csrwire.com.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are
made under the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited to,
statements about NASDAQ OMX Group's products and offerings. We caution
that these statements are not guarantees of future performance. Actual
results may differ materially from those expressed or implied in the
forward-looking statements. Forward-looking statements involve a number of
risks, uncertainties or other factors beyond NASDAQ OMX Group's control.
These factors include, but are not limited to factors detailed in NASDAQ
OMX Group's annual report on Form 10-K, and periodic reports filed with
the U.S. Securities and Exchange Commission. We undertake no obligation to
release any revisions to any forward-looking statements.
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