Submitted by: Marc J. Lane Investment Management, Inc.
Categories: Community Development
Posted: Jun 26, 2006 – 09:58 AM EST
CHICAGO--(BUSINESS WIRE)--June 26, 2006--Marc J. Lane, president of Marc J. Lane Investment Management, Inc., has become a signatory to the United Nations' global Principles for Responsible Investment (PRI). Mr. Lane, the author of "Profitable Socially Responsible Investing?", released by Institutional Investor Books in May 2005, has been a passionate champion for principled, values-based investment decision-making by individuals and institutions. He calls this proprietary investment strategy Advocacy Investing (www.AdvocacyInvesting.com), which he discusses in his 32nd book.
"These are exciting times indeed," said Mr. Lane, "when principled socially responsible investing receives such distinguished global validation as the Principles and the recognition that investment assets can be leveraged to promote a better world by incorporating environmental, social and corporate governance (ESG) considerations into their investment decisions."
Mr. Lane's eight-year study, discussed in his book, demonstrates that those companies that earned the highest marks for social justice and environmental concerns actually outperformed the Russell 3000. "Since good management is a prime indicator of financial success," he says, "investors' inclination to invest in only ethical companies should serve them well." His previous writing, "Representing Corporate Officers and Directors," Aspen Publishers, 2005, is a treatise on corporate governance.
Marc J. Lane Investment Management, Inc eschews socially responsible mutual funds in favor of separately managed accounts using positive screening of individual and fixed income securities.
More than 50 institutional investors globally representing $4 trillion in assets have signed the Principles (www.unpri.org). "The Principles provide a framework for achieving better long-term investment returns, and more sustainable markets," said UN Secretary-General Kofi A. Annan at the launch of the Principles at the New York Stock Exchange on April 27th. "They offer a path for integrating environmental, social and governance criteria into investment analysis and ownership practices. If implemented, they have tremendous potential to more closely align investment practices with the goals of the United Nations, thereby contributing to a more stable and inclusive global economy."
The Principles were developed during a year-long process convened by the UN Secretary-General and coordinated by the UN Environment Programme Finance Initiative (UNEP FI) (www.unepfi.org) and the UN Global Compact (www.unglobalcompact.org). The six overarching Principles are underpinned by a set of 35 possible actions that institutional investors can pursue.
About Marc J. Lane
Chicago attorney and investment advisor Marc J. Lane, J.D., is a graduate of Northwestern University School of Law. He is the President of The Law Offices of Marc J. Lane (www.marcjlane.com), a Professional Corporation, and of its financial-services affiliates, including Marc J. Lane & Company, an NASD-registered broker-dealer; Marc J. Lane Investment Management, Inc., an SEC-registered investment advisor; and Longmeadow Insurance Services, Inc., a risk management firm. He is also a Master Registered Financial Planner and a Registered Financial Consultant.
Mr. Lane is a frequent guest on national business and public affairs television and radio networks such as CNBC, PBS and Sirius Satellite Radio and online media such as TheStreet.com and Forbes.com. And, he is an often-requested expert source for publications such as the Wall Street Journal, Financial Times, Money, Christian Science Monitor and Business Ethics.
Mr. Lane is represented by The Harry Walker Agency, Inc. (www.harrywalker.com). Please direct speaking inquires to 646-227-4900.
Copyright Business Wire 2006
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