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EthVest
ICCR Launches EthVest Database
Powerful Online Resource for Investors, FInancial Analysts & Corporate Management
Critical Ethical Investor / Shareholder News and Intelligence
Embodied in EthVest Database- "Live," Current Information
and Decade of Shareholder Activism Available 24/7 Online
NEW YORK, NY///September 26, 2005/// New York City, NY - September 26, 2005
- The Interfaith Center on Corporate Responsibility (ICCR) today launched EthVestSM,
its new online database containing news, data and intelligence on ethical investing
activities. EthVest contains more than 2,000 shareholder resolutions and results
of proxy votes covering more than a decade of faith-based and socially responsible
shareholder activism. ICCR member organizations focus on social issues as well
as corporate financial performance in making their individual investment decisions,
and details of many of these initiatives are provided in the online, subscription-based
resource.
In announcing EthVest, ICCR Executive Director Sister Patricia Wolf said: "We
believe that EthVest will be a valuable tool for those making investment decisions,
as well as for managers and directors of public companies, consultants, and
others involved in institutional investing activities. ICCR member activism
helps companies to change harmful, or unjust policies and practices. It is our
intention to create more awareness of and support for ICCR shareholder initiatives
by making information about member activities more widely known in the capital
markets, and in the corporate community."
The new ICCR subscription EthVest Database contains more than 12 years of ICCR
shareholder activism, much of the content in the form of 2,000-plus shareholder
resolutions (complete text), as well as details of shareholder-sponsored resolutions
searchable by targeted company name, stock ticker, calendar year, proxy resolution
filer, (sponsor), keyword and issues. (ICCR members generally focus on eight
broad areas of social and environmental justice.)
EthVest subscribers will periodically receive timely "Alerts" via
email based on their own selection criteria (including issue/nature of resolution,
shareholder/resolution filer, target company).
For 35 years ICCR members have sponsored shareholder resolutions, held meetings
with corporate management to discuss critical issues, screened their investments,
participated in public hearings and investigations, published special reports,
and taken part in letter writing campaigns. The focus of ICCR coalition activism
has been to open doors at corporations, begin dialogues and attempt to raise
ICCR memberd' social issue concerns at the highest level of corporate decision-making
to bring about positive, constructive change that adds value to the enterprise.
One of the powerful tools developed to better coordinate member activism -
and to encourage other institutional investors to join forces with ICCR or follow
the faith-based investor leadership - is a Member Database containing comprehensive
information on campaigns. The EthVest resource evolved out of ICCR's internal
database and is being made available to subscribers for an annual subscription
fee. ICCR leadership intends to broaden investor and capital market understanding
of its social and economic justice initiatives through EthVest.
The EthVest Database is designed to provide timely, comprehensive and valuable
news, intelligence and archived resources on ethical investing to institutional
investors and their advisors. These include mutual fund portfolio managers and
researchers; pension, trust or hedge fund trustees, internal and external managers;
college or university endowment managers; and corporate executives and board
members.
Subscribers have 24/7, Web access to information that could potentially affect
corporate operations, market share or share price and therefore would be vital
in the investment and financial decision making- process. Other groups benefiting
from access to The EthVest database will include attorneys, accountants, auditors,
think tanks scholars, college and university libraries, not-for-profit management,
economists, social scientists, university students, journalists, and social
issue researchers.
# # #
For information, contact:
Sister Patricia Wolf, Executive Director, ICCR
Tel. 212.870.2294 Fax.212.870.2023
Email pwolf@iccr.org
EthVest is a registered Service Mark of the Interfaith Center on Corporate
Responsibility
EthVest is marketed by Governance & Accountability Advisors, Inc.
For information or for inquiries regarding subscriptions:
Ken Cynar - Executive VP - General Manager
GOVERNANCE & ACCOUNTABILITY ADVISORS, INC.
100 East Second Street, Mineola, New York 11501
Tel: 516.248.2383 Fax: 516.248.4045
Email: kcynar@accountability-central.com
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