Published 10-28-03
Submitted by Calvert
The award is a joint endeavor by the Royal Awards for Sustainability (www.royalawards.org) and the United Nations Environment Programme Finance Initiatives (unepfi.net) (UNEP FI) who have jointly launched an award process to identify outstanding examples of corporate activity in the field of sustainability and socially responsible investment.
The award was presented to Calvert's President & CEO Barbara J. Krumsiek in Tokyo during the 2003 UNEP FI Global Roundtable. The objective of The UNEP FI 2003 Global Roundtable, "Sustaining Value," is to explore how financial institutions and capital markets can become powerful drivers for sustainability. There were three winners in total with one second tier special recognition award.
"Calvert thanks the Royal Award Jury for this Award," said Calvert CEO Barbara Krumsiek upon accepting the award. "It is Calvert's core belief that markets will reward companies and investors for integrating financial, social and environmental performance into more holistic, sustainable investment strategies. Such strategies must include enlightened financial analysis utilizing full cost accounting methods as well as a robust analysis of a corporation's governance structure, business practices, environmental and social policies and performance," she added.
Calvert was cited for its leadership efforts in socially responsible investing and commitment to sustainable development in several areas:
Calvert is the largest family of socially responsible mutual funds in the United States with approximately $9 billion in assets under management, offering twenty-eight funds that allow individual and institutional investors to pursue a broad range of investment objectives within a single fund family. Calvert created the Calvert Social Index(TM), a benchmark for measuring the performance of large, U.S.-based socially responsible companies, and also offers an extensive lineup of tax-free and taxable fixed income investments. For more information on Calvert, click on www.calvert.com.
Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD, a subsidiary of Calvert Group.
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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