Social Responsibility in Business & Slavery Ends! Sept 2/13
Ron Robins, Editor. E-mail/289-271-0873 Latest news at: http://investingforthesoul.com/
Top ethical investing news for August 2013
News & Commentaries
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Shareholder support for environmental resolutions hits 10-year high. - [COMMENTARY] "It wasn't too many years ago when sustainable investors would be happy with just enough support for a shareowner resolution addressing environmental, social and corporate governance (ESG) for it to qualify for the following year's proxy ballot. The degree to which the landscape has changed is made evident by a review of the 2013 proxy season compiled by Jackie Cook of Fund Votes. Cook's Proxy Season Roundup summarizes the votes on 502 resolutions submitted by shareowners in 2013. Two-thirds address corporate governance concerns, while the remaining focus on environmental and social issues."
I believe such shareholder proxy resolutions will continue to increase as the effects of climate change mount. Companies not gearing-up for sustainability will be hounded at stockholder meetings and their stock prices punished.
Shareholder support for environmental resolutions hits 10-year high, by Robert Kropp, August 22, 2013, GreenBiz.com, USA.
Index of socially responsible mining companies being released. - [COMMENTARY] "The index showcases Canadian junior mining companies that are excelling both in social responsibility and are ranked in the top 100 based on market capitalization, according to PricewaterhouseCoopers annual junior mine report. Through financial analysis, the MacCormick index details how these companies are financially outperforming their peers as a result of their social responsibility efforts. This is a good idea. No matter how much many ethical investors disparage the mining sector, mining still has to go on, and so we might as well encourage mines to optimize their ESG practices.
Index of socially responsible mining companies being released, press release, August 28, Cape Breton Post, Canada.
Trust in the financial industry plummets more in the UK than in all other English-speaking countries, reports CFA survey. - [COMMENTARY] "The CFA Institute’s ‘Investor Trust’ study revealed that only a third of British investors had faith in the financial services industry, compared with 45 per cent in the US and 68 per cent in Hong Kong." This might be because of the numerous financial scandals that keep rocking the UK financial industry--probably more than even in the US. Nonetheless, the financial industry, together with governments particularly, has become increasingly unpopular everywhere due to their opaque and unethical behaviours.
Trust in UK financial industry plummets, reports CFA survey, by Iona Bain, August 21, 2013, FT Advisor, UK.
Where Are The Most Socially Conscious Consumers? - [COMMENTARY] "In Nielsen’s latest Global Survey on Corporate Social Responsibility of 29,000 Internet respondents in 58 countries, the density of respondents willing to spend more on products and services from companies that give back varies considerably across the 58 countries Nielsen examined... What makes consumers in India nearly three times more likely to reward companies that give back than those in Estonia and Belgium? It might be because consumers in India already have high corporate social responsibly (CSR) expectations."
Apparently, India leads in having the world's most socially conscious consumers! In most developed countries the scepticism towards companies is great and hence lessens people's trust that companies will act in a socially conscious way. The page linked to below has a table of the survey results for most countries.
Where Are The Most Socially Conscious Consumers? Press release, Nielson, August 19, 2013, USA.
Sweden named world’s ‘most sustainable’ country after ESG analysis. - [COMMENTARY] "A new report by Swiss investment group RobecoSAM, which scores countries on sustainability based on their environmental, social and governance (ESG) policies, has hailed Sweden as the world’s most sustainable country... The scores demonstrate great success for Scandinavian countries, with Sweden topping the list with a sustainability score of 8.25 out of 10, closely followed by Australia, Switzerland, Denmark and Norway. The UK came in at sixth in the list, scoring 7.57 out of 10, then Canada, Finland, the US and the Netherlands."
The Scandinavian countries always top such lists. Some ethical investors might want to consider country specific investments in the light of such results.
Sweden named world’s ‘most sustainable’ country after ESG analysis, by Nicky Stubbs, August 19, 2013, Blue & Green Tomorrow, UK.
CFA Institute/Edelman Study: Only Half of Investors Trust Investment Firms to do what is Right. - [COMMENTARY] "Investors worldwide have little trust in the investment profession and believe there is much that can be done to restore trust, according to the CFA Institute/Edelman Investor Trust Study. The study reveals that just 53 per cent of investors in the U.S., U.K., Hong Kong, Canada and Australia trust investment firms to do what is right. Retail investors are less trusting of the industry (51 per cent) than their institutional counterparts (61 per cent), and investors in the U.S. (44 per cent) and UK (39 per cent) are less trusting than those in Hong Kong (68 per cent)."
Though pitiful, the survey results are unsurprising given past events. The type of individuals the industry demands and attracts is a key problem. However, what would've been useful would have been to segment-out the responses of ethical investors with ethical brokers! I believe they would show a better result and perhaps point the investment industry towards a better direction.
CFA Institute/Edelman Study: Only Half of Investors Trust Investment Firms to do what is Right, press release, August 14, 2013, CFA Institute/Edelman, USA.
India passes law requiring companies to spend 2% of net profits on CSR [Corporate Social Responsibility]. - [COMMENTARY] "Companies qualifying are required to form a CSR Committee with at least one independent director. The CSR spend of a company which meets the aforementioned threshold is required to be 2% of the average net profits for the preceding three financial years."
As far as I know, India is the first country to create a law requiring companies to allocate a portion of their profits to CSR. I think it's a terrific idea that companies spend on CSR because they realize its inherent value for all their stakeholders, and most importantly, for their shareholders. However, I'm not keen on crystallizing a set percentage of net profits to enable it. The profit case alone could dictate much higher spending for many companies. Nonetheless, I admire the Indian government's motivation to do what it can to inspire CSR in the country and hope other governments become more proactive too in motivating their business sector towards CSR.
What you need to know about the new Company law and CSR, by Dev Chatterjee, August 9, 2013, Business Standard, India.
A Majority of Consumers Willing to Spend More for Socially Responsible Products. - [COMMENTARY] "Sixty percent of consumers are willing to pay more for a product that is believed to have benefits for environmental or social concerns, according to a study by New York University’s Stern School of Business. The study went so far as to say consumers would be willing to pay an extra 17 percent on average to buy a product that was believed to have some sort of positive social effect."
This is the second study in as many days to suggest consumers will pay more for socially responsible products! These surveys offer great encouragement to companies selling socially responsible/green products--and to investors in those companies too!
A Majority of Consumers Willing to Spend More for Socially Responsible Products, by Kent McDill, August 7, 2013, Millionaire Corner, USA.
'Impact' Trumps SRI Among Wealthy Investors. - [COMMENTARY] "In a recent Spectrem Group survey, investors with between $5 million and $25 million in liquid net worth expressed less interest in socially responsible investing than they did five years earlier. The survey results did not come as a surprise to officials at a leading SRI investment firm Calvert Investments, who said wealthy families and foundations are moving away from legacy SRI vehicles."
This is interesting news! "Lynne Forde, Calvert’s executive vice president for distribution [said,] 'They’re much more interested in impact investing, where they can put larger sums of money to work for both financial return and social impact.'
'Impact' Trumps SRI Among Wealthy Investors, by Leila Boulton, August 6, 2013, Private Wealth, USA.
Is it time to divest from fossil fuels? - [COMMENTARY] "The unthinkable is starting to happen in the financial services sector: a movement to divest from oil and gas companies that affect climate change. Norway’s Storebrand, which holds more than $30 billion in assets, recently announced that it would exclude 13 coal and six oil sands companies from all investments 'to reduce Storebrand's exposure to fossil fuels and to secure long-term, stable returns for our clients.'" The logic of divesting from carbon-based companies is now being based on solid financial grounds!
Is it time to divest from fossil fuels? By Sissel Waage and Edward Cameron, August 2, 2013, GreenBiz.com, USA.
Growing corporate Interest in ESG and the need to report on it. Elaborating on corporate interest in ESG is this interesting article, Five Global Trends Leading a Growing Corporate Interest in ESG, by Dinah Koehler and Chris Park, August 2, 2013, CSR Wire Talkback. Demonstrating the time is now for companies to provide ESG disclosure is this post, Increasing Sustainability Disclosure for Shareholders, by Sue Reisinger, August 2, 2013, in the Corporate Counsel.
Note: Articles are linked to the original source. Some sites may require registration, and may, or may not, archive stories. All links were active at the time of publication.
Disclaimer: Neither The Soul Investor nor Ron Robins make investment recommendations. Nothing in this newsletter should be interpreted as a recommendation or solicitation to buy/sell any securities or investments. The Soul Investor is a source of general information and resources for spiritual investing, ethical investing, and socially responsible investing (SRI). Investors should consider their actions thoroughly and consult their professional advisers prior to taking any investment action. The Soul Investor does not necessarily agree with the opinions expressed in articles in its newsletter or offered on the web pages to which it might be linked. Such opinions are the responsibility of the writers themselves. Furthermore, The Soul Investor does not offer or provide any warranties, representations, guarantees, implied or otherwise, as to the accuracy, legality, copyright compliance, timeliness or usefulness of the information, materials or services in this e-newsletter, or other sites, to which it might be linked. Also, Mr. Ron Robins is not an investment advisor, nor is he licensed with any professional investment related body, and thus is not able to, nor does he make, any investment recommendations.
The Soul Investor is a publication of Investing for the Soul, a registered business name in Ontario, Canada.
Copyright © 2013 Ron Robins. All rights reserved.
Scott Mowry: The End of Economic Slavery Has Arrived
Posted by Stephen Cook
Freedom like the butterfly
The End of Economic Slavery Has Arrived
Scott Mowry, Miracles and Inspiration, Aug. 31, 2013
• Global Debt Discharged as of July 1, 2013
• James McBride of Divine Province announces human race has been released from bankruptcy
• Pope releases game-changing Apostolic Letter
• Numerous resignations forthcoming including Fed Chairman Bernanke, Homeland Security Chief Napolitano and much more
For more news stories see our News Archives
Our world continues its inexorable march towards total and complete freedom.
As we had anticipated, humanity is throwing off the chains of slavery and finding itself being liberated at a truly astonishing rate. A miraculous process continues to unfold where we are seeing very tangible results coming forward into the public consciousness, despite a massive mainstream news media blackout.
Almost every other day some new, amazing development emerges to positively confirm major and dramatic changes are upon us as never before. The momentum of these successive events is building to such a fever pitch, the end result will be a great shift of the paradigm which we call our reality. This shift is absolutely inevitable now.
What we now see developing in our world is the return of personal power within each and every one of us. This power comes from the understanding and recognition we are completely sovereign beings with God-given, unalienable rights which no man, government nor corporation can put asunder. Those unalienable rights include “Life, Liberty and the pursuit of Happiness” as laid down by our Founding Fathers in the great document known as the Declaration of Independence.
Regrettably, those God-given rights have been under attack ever since the Founding Fathers established our great nation. Through a slow and methodical campaign by the Crown of England (the City of London), the international banking cartel and the Vatican, we have witnessed the tables turned to a point where America has become a virtual police state and our rights have been ground into the dirt.
Although many assume the United States of America is a “free” country, the actions of our government, the political elite, the wealthy aristocracy and the multi-national corporations over the last 140 years belies the ideals of freedom as envisioned at the birth our nation. The words of German politician and writer, Johan Wolfgang von Goethe have never rang more true: “none are more hopelessly enslaved than those who believe they are free.”
The United States and the entire world remain controlled by one very key tool of enslavement –– the availability of money. And nearly all the money in the world today has been reduced to mere worthless paper, or fraudulent numbers upon a bank’s computer screen.
To that end, the world economy and its many currencies have been systematically hijacked and are now solely based upon the foundation of debt. In fact, debt is the engine which drives our global economic system and without the debt/credit relationship, the world economy as it is currently constituted, would cease to function.
Thus we have reached a most critical point in the modern world history where a debt-based economy and its related fiat currencies simply must go. Neither can sustain themselves any longer nor do they adequately serve the needs of a rapidly evolving human race. In their place must come a wholly new system based upon lasting value, sustainability and fairness for all.
And that is precisely what is happening at this very moment.
A very determined effort from a contingent of brave, noble people and alliances is working feverishly behind the scenes to transform our world economy for the better. And now, we are seeing the results coming out into the open in a series of historic steps which are unfolding. Ultimately there will be an unveiling of many landmark initiatives such as the Global Currency Reset, the World Global Settlements, the Global Collateral Accounts and the Restoration of the Republic, among many others.
It is truly remarkable to behold all of which is occurring in our world.
THE FALL OF THE HOLY ROMAN EMPIRE
The year 2013 has already been one of the most historic and revealing years in the history of mankind. And we still have a whole quarter left to go. The amount of revelations which have come from heretofore secret societies and clandestine institutions has been nothing short of staggering.
As we dive further down the proverbial rabbit hole to uncover an understanding much more closely resembling a truth, we find the same story repeating itself again and again. That story is –– all roads lead to Rome. The Roman empire of Constantine, Cesar, etc. never really went away. It just moved into the Vatican and has remained there ever since to rule over the entire world in secret, hidden to nearly everyone on the planet.
Nonetheless, the Holy Roman Empire finally began the process of seriously unraveling on the date of February 11, 2013 when Pope Benedict XVI announced he would be stepping down as of February 28th due to health concerns. This marked the first time in 700 years a sitting Pope voluntarily chose to leave office rather than being forced out.
Who says lightning doesn’t strike twice? Two lightning bolts strike the Vatican on February 11, 2013.
Later, during the very same day at 6 PM local Vatican City time, lightning struck the very symbol of Vatican control, St. Peter’s Basilica, not once but twice. As it turns out, these lightning bolts were very foreboding signs of even more amazing developments yet to come out of the Roman empire.
Within days of the Pope Benedict’s announcement, it was revealed an arrest warrant had been issued against him for crimes against humanity. On February 15, the Vatican revealed Pope Benedict would lead a quite life in retirement residing in a convent within the walls of Vatican City. In essence, the Vatican proclaimed it will protect him from any or all prosecution regarding the ongoing pedophilia and sexual abuse allegations against numerous priests and other members within the Catholic church umbrella.
On March 13, 2013, the famous white smoke arose from the chimney of the Sistine Chapel to signify a brand new Pope had been chosen, Jorge Mario Bergoglio, a Jesuit Archbishop no less, from Argentina, who decided upon the name of Pope Francis.
Almost immediately, the new Pope seemed intent on displaying a much different public profile than his predecessors when he returned back to pay his hotel bill, chose not reside in the lavish Papal apartment and to take the bus rather than luxurious limousines. Then, on Easter Sunday, March 29, 2013, in an surprising break from tradition, Pope Francis went to a youth prison to wash the feet of Muslims and atheists in an emulation of Jesus washing the feet of his disciples.
On June 3, 2013, yet another surprising resignation rocked the Catholic Church when the second most powerful man in the Vatican hierarchy, Secretary of State Cardinal Tarcisio Bertone, walked away from his post, as well. Once again rumors persisted an eventual arrest warrant was awaiting Cardinal Bertone too.
THE ABOLITION OF WORLD-WIDE DEBT
News emanating from the Vatican then took yet another noteworthy turn on July 25, 2013. Jaemes McBride of DivineProvince.org, the de jure Postmaster General of North America, held a special free live webinar. He proceeded to make a number of amazing announcements regarding the world economic condition and the Vatican, which has thus far gone unrecognized by the mainstream media. (See video archive below.)
Click here to view the embedded video.
Shift Happens! ~ July 25, 2013
“We’re seeing that there is this shift that is happening. We made it, that we won. We’ve been fighting for years to discharge the debt. And we did that,” he stated on the live webinar. “As of July 1, 2013, we do have global debt forgiveness. All the accounts and claims have been settled,” he added.
For years, Mr. McBride and others have been negotiating with Vatican and the Crown of England to release the burden of world-wide debt from the people of th world. He claims he was able to accomplish this feat by obtaining the coveted Seal of St. Peter from the Vatican which gives him authority to effect changes to the laws.
Divine Province has also gained control of the Global Estate Trust, “previously held by the Vatican and the Crown by default, having successfully assumed control and claim of the commission and powers of the Apostle Peter without challenge for centuries”.
The Divine Province: Birthing New Earth book
Mr. McBride also revealed he was given confirmation of the discharge of the debt by the Chinese elders who have been an integral part of the Global Currency Reset about to be implemented.
According to Mr. McBride, although the global debt discharge became official on July 1st, the world rulers requested a three year period until the old system is completely fazed out.
“There is a transitional window. The powers that be and the banks and everything have a window to make this transition so as not to excite chaos,” he explained. “They have a three year window that they plan to exploit.”
However, Mr. McBride was adamant this three year window was simply an arbitrary number which can be severely reduced by the awakening of the people of the Earth to the truth through a process of education and awareness.
Here is further information about Divine Province and Jaemes McBride from one of their sister websites, www.divineprovinceminnesota.org:
“Divine Province and Jaemes McBride, along with the labors of all who are committed and passionate for freedom and Natural Law, have broken the spell and power of the Vatican and Crown (City of London), and its presumptuous claim on the land and assets of the world as being under their sole and ultimate control, being managed by its structured hierarchy (which extends down to governors, cities, and towns worldwide).
The Vatican and Crown established the thoroughly incorporated, international commercial system throughout the world that has severely debilitated justice, governments, and the People’s wealth, power, and standing; by holding and controlling their divine estates in bankruptcy/dishonor, covertly treating them as lifeless subjects under commerce and numerous debilitating presumptions and adhesion contracts, and exploiting them and their souls as chattel for trade and profit.” (Also see Jaemes McBride’s & Ed Rychkun’s book “The Divine Province: Birthing New Earth” for much more detailed information. Also linked here.)
Click here to view the embedded video.