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Corporate Social Responsibility
News
10.07.2005 ET
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CSR News from:
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News Category:
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Calvert Creates 'Katrina Business Guidelines' to Encourage Companies to Act Responsibly in Gulf Rebuilding
(CSRwire) BETHESDA, Md.--(BUSINESS WIRE)--Oct. 7, 2005--Calvert, the nation's
largest family of socially responsible mutual funds, announced today that
it has drafted a set of guidelines to encourage companies helping to
rebuild the Gulf region to operate in a fair and sustainable manner. The
"Katrina Business Guidelines" were posted today on Calvert's website as
part of a special report that includes more information and tools for
Calvert's clients and others who care about responsible rebuilding in the
Gulf region. The Guidelines and the Special Report can be found by
clicking on http://www.calvert.com/katrina.html.
Early on, many companies demonstrated strong leadership and donated
resources. However, Calvert believes that because the federal government
has suspended federal laws that protect worker and environmental rights
and protections, Guidelines such as these are necessary.
"A successful rebuilding effort must accomplish more than replacing
infrastructure, bricks and mortar. It must also rebuild the lives and
communities of those displaced from the Gulf, and those who remained in
the Gulf," said Barbara J. Krumsiek, Calvert's President & CEO.
Specifically, the Katrina Business Guidelines call on companies to:
Rebuild on a Foundation of Fairness, Justice, and Opportunity
Invest in Communities
Build for Sustainability, and
Manage Corporate Responsibility Risk
Calvert, based in Bethesda, Maryland, is best known as a leader in the
field of social investing. Founded in 1976, today Calvert manages
thirty-two funds with approximately $11 billion in assets under
management. In 2000, Calvert created the Calvert Social Index(TM), a
benchmark for measuring the performance of large, U.S.-based socially
responsible companies. For more information on Calvert and its products
and services, go to www.calvert.com.
For more information on any Calvert fund, please contact Calvert at
800.368.2748 for a free prospectus. An investor should consider the
investment objectives, risks, charges, and expenses of an investment
carefully before investing. The prospectus contains this and other
information. Read it carefully before you invest or send money.
May lose value. Not FDIC Insured. No Bank Guarantee. Not NCUA/NCUSIF
Insured. No Credit Union Guarantee.
Calvert mutual funds are underwritten and distributed by Calvert
Distributors Inc., member NASD, a subsidiary of Calvert Group, Ltd.
(10/05, 5746)
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