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Calvert Creates 'Katrina Business Guidelines' to Encourage Companies to Act Responsibly in Gulf Rebuilding

Calvert Creates 'Katrina Business Guidelines' to Encourage Companies to Act Responsibly in Gulf Rebuilding

Published 10-07-05

Submitted by Calvert

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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    Calvert

    Calvert, a leader in sustainable and responsible investing, headquartered in suburban Washington, D.C., has, since our founding in 1976, set industry standards for asset management excellence - in both the way we select companies for our portfolios and how we serve our clients' interests. Our investment approach emphasizes rigorous fundamental research that goes beyond traditional measures to uncover companies with long-term value. Through proven investment management, attentive customer service, an innovative family of investment products, and strong marketing capabilities, Calvert serves individual and institutional investors nationwide as well as professional financial advisors

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