Category: Socially Responsible Investing

By Posted on Posted in Energy & Sustainability, Frugality/Frugal Fun, Green Business, Socially Responsible Investing Tagged with , ,

You may have heard the slogan, “the greenest building is the one that’s already built.”

Think about it: You’re using existing resources, and those resources are already on-site. For the parts of the existing building that you can adapt or fix, you don’t have to mine or cut down anything, you don’t have to transport anything, and you don’t have to clear a new site out of farmland or forest.

Here’s a nice article on TriplePundit about a renovation of a former military barracks in Ft.Carson, Colorado into an office building. The project cost only a quarter of what a new building would have cost, and is green enough to be submitted for LEED silver certification. And that’s particularly interesting, because my understanding is that military barracks were typically built cheaply, quickly, and with little thought for conservation.

Another great example is the Empire State Building—which spent $20 million to achieve annual energy savings of more than $4 million. That works out to better than 20 percent ROI—at a time when you can’t even get 1 percent in a savings account. Not a bad investment!

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By Posted on Posted in Business Ethics, Corporate Social Responsibility, Energy & Sustainability, Entrepreneurship, Ethics: General, Green Business, Shel's Personal Life, Social and Economic Justice, Socially Responsible Investing, Transparency vs. Secrecy Tagged with ,

It’s been a good year for recognition of my work for a better world. In October, I was inducted into the National Environmental Hall of Fame (View pictures and read the transcript here.)

And then last night, I received notification that I (as the human face of GreenAndProfitable.com) am the very first business in the country to be certified by Green America at the Gold level (which was a fairly arduous process involving several reviews of an extensive questionnaire covering socially responsible investing, supply chain, commitment to social and economic justice, and, of course, environmental benchmarks, among other things).

I’m thrilled. After 40 years in the environmental world, it is nice to have people notice.

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By Posted on Posted in Abundance and Prosperity, Corporate Social Responsibility, Demographics/Psychographics, Entrepreneurship, Green Business, Socially Responsible Investing, Uncategorized Tagged with

In honor of the push to bank local by Green America, the push to buy local by Business Alliance for Local Living Economies, and because business bankers want to see business plans and December is National Write a Business Plan Month, I present this guest post from Tim Chen of NerdWallet, on sustainable banking.

Take it away, Tim:

Seems like everywhere you turn these days people are promoting something green. From locovore diets, to green building and green business, there’s a big push for more sustainable living, and a certain trendiness that goes along with it. Chances are if you’re reading this blog, you’re already in the know. Maybe you have your own sustainable business venture, and you’re looking for tips and ideas to make it work. Here’s one for you: Green banking.
Green banking means different things to different people. Maybe you switched to online statements, and you’re darned proud of it. If so, good for you. If not, check it out. Going paperless with your banking is one of the easiest ways to give the environment a little help, and just about every bank offers the service.
But there are other ways to green your banking, and options you may not have heard of. Take, for example, New Resource Bank in San Francisco. The bank only offers accounts to green businesses, and allows accountholders to network with each other. New resource composts and recycles in an effort to meet their goal of 95% waste diversion away from landfills, and every swipe of your debit card earns money for their nonprofit partners.
There’s also GreenChoice Bank, which is based in Illinois. The bank targets their lending to the sustainable business community, and half of the management is accredited in Leadership in Energy and Environmental Design (LEED).
Houston-based Green Bank will donate $50 to one of a list of local environmental organizations when you open a business or personal money market or checking account. The bank headquarters are LEED Gold-Certified, with minimized resource consumption and rainwater irrigation.
If these banks aren’t in your area, don’t despair! Green America offers a list of community development banks and credit unions, as well as a campaign to “break up with your mega-bank.” Switching to a greener bank can help you take your business sustainability one step further. It will also put you in good company––who knows, you might even make valuable connections with likeminded entrepreneurs.
Tim Chen is the CEO of NerdWallet, an unbiased resource for the best business credit cards.

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By Posted on Posted in Abundance and Prosperity, Diversity, Entrepreneurship, General Commentary, Marketing Trends/News, People Helping People, Socially Responsible Investing Tagged with , , , , , ,

The pundits have dubbed today “CyberMonday,” meaning we good little sheep are to go bravely forth over our modems and contribute to the global economy, from the comfort of our homes and offices.

Well, sorry, but I’m not playing. I did participate in Small Business Saturday, whose focus was on buying local. But I feel no need to glorify online commerce.

I’m actually a strong advocate of buying local when it’s practical. Local purchasing means money stays local. The people employed by locally owned stores spend their own money right here in my community. And the jobs I help create reduce unemployment right here where I live. And the culture of locally owned bookstores, artist venues, hardware stores and such makes my community a more desirable place to live. That’s the kind of abundance I wish to encourage.

Mind you, I’m not a purist. I do buy online. I do even buy from chain stores sometimes. I do see the occasional movie at the mall (though I see a far greater number at my local independent cinemas). But today, as millions rush to their workstations to undermine the lcoal economies, I can bloody well keep my wallet away from my computer. If I buy anything today, it will be at a local store.

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By Posted on Posted in Business Ethics, Democracy, Energy & Sustainability, General Commentary, media-general, Politics, Protests and Crackdowns, Social and Economic Justice, Socially Responsible Investing Tagged with , , , ,

Rarely do I open up my morning paper and see even one positive story among the day’s major news. Today—though I already knew about two of them from other sources—there were three:

1. The Wall Street Reform Bill has passed both houses of Congress. Is it everything I want? Of course not. Is it more than I expected from this stalemated Congress? You betcha.

2. BP finally seems to have capped the torrent of oil from Deepwater Horizon. A lot of wait-and-see before claiming victory, but at least for the moment, no oil is pouring out.

3. Overwhelmingly Catholic Argentina passed same-sex marriage rights legislation, striking a major blow for equality and human rights. The bill, according to NPR’s All Things Considered last night, has the support of an astonishing 70 percent of the population. Major demonstrations helped sway the legislators.

A very good news day, all in all.

Footnote: My local paper, the Daily Hampshire Gazette, ran all these stories in today’s first section. But its news pages are only open to paid subscribers, so I’ve linked to other sources.

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By Posted on Posted in Business Ethics, Democracy, Ethics in Government, Peace and War, Social and Economic Justice, Socially Responsible Investing, Uncategorized Tagged with , , , , , ,

Africa (South Africa, in particular) gave us the Sullivan Principles, which outlined investment strategies to move toward ending apartheid. At the time (1977), I thought it was way too little, way too late, but I came to appreciate that for its time, it was revolutionary: perhaps the first declaration by corporate America that they had a clear role to play in improving conditions around the world. And this was not so long after the US has been involved in such disgusting maneuvers as (to ame just two among dozens of equally awful examples) overthrowing the democratically elected governments of Mossadeq in Iran (1953, in the interests of the Anglo-Iranian Oil Company) and Arbenz in Guatemala (1954), on behalf of United Fruit)—actions that have had horrific consequences down to the present day in Iran and through at least 1996 in Guatemala.

Now, Ron Robins, of Investing for the Soul, postulates that Africa is on the brink of an explosion in socially responsible investing. It’s a very interesting article, and among his points are these:

Worldwide, SRI now accounts for 1 of every 9 dollars invested. However, even though Africa was a pioneer in this field (not just with the Sullivan Principles but also the Johannesburg Stock Exchange’s first-in-the-world SRI index), it has lagged—but rapid growth appears to be imminent.

Go and read it.

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