Global Profit AND Global Justice
241 Pages
English

Global Profit AND Global Justice

-

241 Pages
English

Description

*The author travels widely to social investment conferences and will promote the book actively in the U.S. *She has been a frequent and regular guest on radio and television shows, and will be similarly active with this book

A guide for all who want to use their money to effect change in the global economy.

Subjects

Informations

Published by
Published 01 March 2009
Reads 0
EAN13 9781550923094
Language English
Document size 1 MB

Legal information: rental price per page €. This information is given for information only in accordance with current legislation.

Exrait

Advance Praise for
Global ProfitANDGlobal Justice
Deb Abbey has done it again! This informative and comprehensive introduction to investing for positive social change is a marvelous resource for all, whether a new investor or a seasoned one. Weaving together specific examples and howto advice, Ms. Abbey builds a case for hope. Consumers, investors, activists and — yes — even caring business leaders are emerging to join together in building a better tomorrow for all.
— AMYDOMINI, Founder, CEO & President, Domini Social Investments
Global Profit and Global Justicewas a delightful read and very much like going through a gift basket of wonderful foods — juicy, nutritious, energizing and something you don’t want to end. I found it to be a reference, a reminder and a great resource. I want to have this book near me when I work on these big daunting issues. Its reasonable and balanced approach was refreshing and the information that was contained within the pages truly rewarding. Thanks for giving me the opportunity to learn more, understand deeper, and become more empathetic to the complicated issues. But thanks very, very much for bringing the AND into play instead of the OR.
— MARGOTFRANSSENOC, President, The Body Shop Canada
People feel increasingly helpless in the face of the continuing onslaught of globalization. This important book provides proof and practical examples of how we can change the world through our spending, investments and charitable giving.
— MICHAELJANTZI, President, Michael Jantzi Research Associates Inc., Canada’s leading social research providers.
Global Profit AND Global Justiceis about hope and about how you can make a difference. As a consumer, as an investor, as a person, your individual choices matter. When you make informed choices, and align them with those of caring people in your community and around the world, you shift the terms of the global economy.
— JOELSOLOMON, from the foreword
AND
NEWSOCIETYPUBLISHERS
Cataloguing in Publication Data: A catalog record for this publication is available from the National Library of Canada.
Copyright © 2004 by Deb Abbey. All rights reserved.
Cover design by Diane McIntosh. Image: Photodisc RF.
Printed in Canada by Transcontinental.
New Society Publishers acknowledges the support of the Government of Canada through the Book Publishing Industry Development Program (BPIDP) for our publishing activities.
Paperback ISBN: 0865715025
Inquiries regarding requests to reprint all or part ofGlobal Profit ANDGlobal Justiceshould be addressed to New Society Publishers at the address below.
To order directly from the publishers, please add $4.50 shipping to the price of the first copy, and $1.00 for each additional copy (plus GST in Canada). Send check or money order to:
New Society Publishers P.O. Box 189, Gabriola Island, BC V0R 1X0, Canada 18005676772
New Society Publishers’ mission is to publish books that contribute in funda mental ways to building an ecologically sustainable and just society, and to do so with the least possible impact on the environment, in a manner that models this vision. We are committed to doing this not just through education, but through action. We are acting on our commitment to the world’s remaining ancient forests by phasing out our paper supply from ancient forests worldwide. This book is one step towards ending global deforestation and climate change. It is printed on acidfree paper that is100% old growth forestfree(100% postconsumer recycled), processed chlorine free, and printed with vegetable based, low VOC inks. For further information, or to browse our full list of books and purchase securely, visit our website at: www.newsociety.com
NEWSOCIETYPUBLISHERS
www.newsociety.com
DEDICATION
To my Dad, Micky, who has encouraged me to take on huge challenges and never to give up on them, to take my vitamins, and to ask my partners for a raise because he’s sure they couldn’t possibly be paying me enough. I love you, Dad. I’m sorry I didn’t make it to medical school.
To my family — my husband Perry, my daughters Brooke and Brenna, and my soninlaw, Joseph. In Brooke’s words: we put thefunback in dysfunctional.
CONTENTS
Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vii Foreword by Joel Solomon . . . . . . . . . . . . . . . . . . . . . . . . . viii Chapter 1. Global Profit and Global Justice . . . . . . . . . . . . . . 1 Chapter 2. Social Impact Investing: From Feeling Good to Doing Good . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Chapter 3. Investing With Impact! Small Changes + Large Corporations = Significant Change, by Perry Abbey . . . . . . . 29 Chapter 4. Investing on the Sustainability Frontier, by Perry Abbey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 Chapter 5. Shareholder Power . . . . . . . . . . . . . . . . . . . . . . . 66 Chapter 6. Mosquitos for Change: Consumer Action . . . . . . 88 Chapter 7. Pension Power . . . . . . . . . . . . . . . . . . . . . . . . . 117 Chapter 8. Community Investment: Acting Globally and Locally, by Coro Strandberg . . . . . . . . . . . . . . . . . . . . . . . . 133 Chapter 9. Better Business, Better World: Leaders Who are Changing Business From the Inside Out, by Adine Mees . . 153 Chapter 10. Getting Started on Strategic Giving for Social Change, by Tim Draimin and Drummond Pike with Amy Stein . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 175 Afterword: Where Do We Go From Here? . . . . . . . . . . . . . 198 Help! Resources for the Social Investor . . . . . . . . . . . . . . . 201 Endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210 Glossary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 216 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 223 About the Author . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229
ACKNOWLEDGMENTS
hank you, Renewal Partners, for sharing my dream of leverag T ing capital for social change. Thank you Carol Newell and Joel Solomon and Martha Burton. And thanks to my good friend and business partner, Deb Elliott. A very special thanks to Jamie Bonham. Jamie is a brilliant researcher and this book could not have been written without his contributions. To my team at Real Assets for their support and assistance in get ting this book to the publisher. Adam Ho, Sean Kelly, Indi Shoker, and Lynn Shook are the brightest, most talented, and loyal group of people I’ve ever known. To my guest authors — Tim Draimin, Adine Mees, Drummond Pike, and Coro Strandberg. They are change agents in this world. To my husband Perry Abbey who contributed two chapters and helped with the book at every stage and to my daughter Brooke Abbey who is a great editor. To Sonja Reid for topnotch research, Kai Alderson for sifting through stacks of academic studies, and Amy Stein for her valuable contribution to the philanthropy chapter. To my partners in social change, VanCity and United Capital. In particular I want to thank Bruce Ralston (and the VanCity board of directors), Dave Mowat, David Levi and Brian Worth. To Chris and Judith Plant and everyone at New Society Publishing for being part of the solution! To my sister Patty Meeker and my best friend Viki Jackson for their friendship and for reading parts of the manuscript and saying, “Have you thought of writing a mystery instead?” and “It’s not real ly boring at all.” And to the GDs and GTGs. You know who you are and you know what you did!
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FOREWORD BYJOELSOLOMON
his book is a tonic for that knot of despair in the pit of your T stomach. We all feel it, growing tighter every time we confront the harsh realities of poverty, injustice and environmental degrada tion, the common byproducts of our globalized economy. Global Profit AND Global Justiceis about hope and about how you can make a difference. As a consumer, as an investor, as a per son, your individual choices matter. When you make informed choices, and align them with those of caring people in your com munity and around the world, you shift the terms of the global economy. Each of the contributors to this book has decades of experience on the cutting edge of social change. They are honest about the tough challenges that lie ahead, but face them with a steadfast, con structive optimism. They chronicle many of the victories already achieved through consumer and shareholder campaigns. My role as a founding partner and CEO of Renewal Partners Company has been devoted to capitalizing and building high social impact business ventures. My role in the Endswell Foundation and Tides Canada Foundation launches has been about funding and building practical tools for helping people give away money to pro gressive social change charities. Through this work I’ve had the priv ilege to meet and work with some of North America’s leading social entrepreneurs. When we launched our entities, I looked around the city for someone who was familiar with social screening of managed money. The only name I heard everywhere I went was Deb Abbey. Knowing I had to meet this person, I was delighted to find such a committed
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Foreword
and determined woman. No one could convince her that aligning money with social impact was anything other than obvious and would soon be the dominant theme in all portfolios. I was drawn to Deb’s vision and her ability to make success out of impossible chal lenges. When she said she wanted to start a new company, focused entirely on social impact investing, tough as that sounded, I could only smile and sign on. When she brought VanCity into the mix, I knew she was on the road to even bigger impact. As an innovative pioneer in Canada’s financial industry, she is one of my favorite thinkers. She’s a bold risktaker on behalf of societal purpose and values, while establishing an enterprise that is changing the way money is managed. Perry Abbey is a good friend, manages my personal accounts, and leads the way in tailoring to the values of the individual, able to nav igate the many different investments out there, with humor and savvy. The launch of Tides Canada required a perfect executive director. Who could provide a national scope and broad understanding of social and environmental issues? Who had the personality to help bring alive the funding agendas of clients, while fitting all those agendas into a cohesive societal context? Finding Tim Draimin was the key to the formula. He’s led Tides Canada far beyond what we originally thought possible. Drummond Pike is one of my oldest friends and an important mentor. I’ve been a client and board member of the Tides Foundation for many years. Tides Canada was inspired through my association with Drummond. Renewal Partners has been a founding member of Canadian Business for Social Responsibility. Adine Mees is a long time colleague and collaborator, renowned for her strategic vision and systematic organizational building. Coro Strandberg was one of the first people I met when I moved to Vancouver. Her com mitment to the emerging social investment sector in Canada has been unwavering. In this book, Deb and her guest authors look ahead to show how enlightened investors, through their mutual funds and pension funds, are prompting a new breed of business leaders to embrace the
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