Socially Responsible Investing – Growth & Impact
Cliff Feigenbaum and Ted Ketcham

Just before we went to press with this issue the Social Investment Forum released the "2005 Report on Socially Responsible Investing in the US," which shares the impressive news that socially responsible investing (SRI) assets in the U.S. have now reached $2.29 trillion.

The report not only outlines this exciting financial growth, but also the impact SRI is having in people's lives.

Speaking of growth, several additional SRI mutual funds came out in the last year, including three from Parnassus, a new European-focused fund from Domini, as well as three new Asset Allocation funds from Calvert. See our mutual fund performance chart inside for more information ( the Chart is in the Print Version Only ).

With this growth the media SRI attention has also expanded. Of the hundreds of articles written about investing with a conscience, two stood out. For the first time both Journal of Investing and Registered Rep magazines did large cover stories on SRI. Recently Time magazine in their December 19 issue featured an article on SRI Funds, and SmartMoney magazine's February 2006 issue proclaimed the Ariel Appreciation fund, managed by John Rodgers, as "one of the seven funds to buy now."

2005 saw an increasing number of conferences worldwide organized around the themes of SRI and corporate social responsibility (CSR). This trend continues in 2006 with events in Canada, Asia, US, Europe and the UK. Keep up to date with our global Calendar of SRI and CSR events in each issue as well as in the expanded version online.

This issue also includes an exclusive interview with SRI leader Amy Domini, as well as a look at how Shorebank Pacific's new EcoCash accounts lead to fuel savings and cleaner air in the Pacific Northwest. Also see the profile on the More Than Money organization, and plenty of SRI industry news, including the Calvert Foundation's "Social Capitalist" award for 2006 from Fast Company magazine.

Save some online time for www.greenmoney.com where you'll find another great selection of articles, including an overview of her new “Megatrends 2010” book by author Patricia Aburdene. We commend her for identifying SRI as a MegaTrend and also appreciate her mentioning GreenMoney Journal. Online too is Marc Lane, author of “Profitable Socially Responsible Investing? An Institutional Investors Guide, ” as well as a thought-provoking study on the "Future of SRI" done by Coro Strandberg.

In the next SRI issue (Fall 2006) we'll cover the latest in Community Investing, Shareholder Resolutions and Advocacy, International SRI mutual funds, as well as SRI resources and fall events. Make sure you receive that, as well as our summer "Sustainable Business" issue by taking advantage of our special 2-subscriptions-for-the-price-of-1 offer. Call (800) 849-8751 or go to www.greenmoney.com

So join us in 2006 as we continue to help you make money and make a difference.

Feature articles
	U.S. SOCIALLY RESPONSIBLE INVESTMENT ASSETS GREW FASTER THAN REST OF INVESTMENT WORLD OVER LAST DECADE Report Finds Total SRI Grew 260 Percent Since 1995, SRI Mutual Funds Grew 15-Fold; Nearly 1 in 10 Dollars Now in SRI Screening, Shareholder Advocacy, Community Investing.
	GreenMoney Interviews: Amy Domini One of the enjoyable parts of the GreenMoney Journal is interviewing leaders in the socially responsible investing and business world. Cliff Feigenbaum
	ShoreBank Pacific: EcoCash, Climate, and Truck Stop Ecology Environmental challenges are myriad and interrelated; the solutions to meeting these challenges must be similarly intertwined. Ted Ketcham
	Organization Profile - More Than Money Institute Nonprofit: Don't Only Make Money, Make Money Work for Your Values Robert Kenny and Richard Higgins
	Expanded SRI News Column - Spring 2006
	PUBLISHERS NOTE - Giving Thanks Cliff Feigenbaum
Exclusive Online Articles
	Megatrends for Business My book Megatrends 2010 (published by Hampton Roads in the Fall of 2005) depicts the dawn of Conscious Capitalism, a self-organizing movement of investors, consumers, activists, visionary companies and ordinary managers to restore ethics, Spirit and accountability to business. I believe Conscious Capitalism is greatest business megatrend of our time. But before describing it, let me explain why I think it's emerging today. Patricia Aburdene
	Bono of U2 Remarks at the 2006 National Prayer Breakfast in Washington, DC
	INVESTORS ADVOCATING FOR A CHANGE? Author, "Profitable Socially Responsible Investing? An Institutional Investors Guide" Marc J. Lane
	The New Red, White and Blue As we enter 2006, we find ourselves in trouble, at home and abroad. We are in trouble because we are led by defeatists - wimps, actually. Thomas L. Friedman
	THE FUTURE OF SOCIALLY RESPONSIBLE INVESTMENT Study sponsored by: Vancity Credit Union (May 2005) Coro Strandberg of Strandberg Consulting
	NEW INDEXES: STOXX LIMITED AND SAM GROUP LAUNCH EUROPEAN BLUE-CHIP SUSTAINABILITY INDEXES Leading Index Provider and Pioneer in Sustainability Investing Add Tradable Benchmarks to the Dow Jones Sustainability Indexes; New Offering Provides Innovative Underlying For Investment Products.
	Pushing Through A Difficult Year: Top Performers Among SRI Mutual Funds Kevin O'Keefe and Mark Feffer, Business Ethics magazine
	Top Five Socially Responsible Investing News Stories of 2005 Socially responsible investing, corporate social responsibility, and microfinance embraced by the mainstream; shareowner advocates withdraw several climate change resolutions as companies agree to report; and exchange traded funds apply SRI strategies. SocialFunds.com
	Solar Energy Helps Fuel Socially Responsible Investing Managers from Winslow Green Growth Fund, New Alternatives Fund, and Portfolio 21 discuss the opportunities and challenges of investing in solar power. William Baue, socialfunds.com
	Corporate Social Responsibility (reflections on the 2005 Business for Social Responsibility Conference) When asked by the editor of this publication to report on a recent national BSR conference on Corporate Social Responsibility, I was curious what changes I would find. I have been away from the corporate world for some years and I was saddened to find that the changes I had hoped to find had not taken place. Ross Bishop