The trade association of which I am a member "Social Investment Forum" has made a list of recommendations for the Obama administration as to corporate social responsibility and socially responsible investing.
The recommendations are part of a larger document and the basic points are here:
"The socially responsible investment community urges the Obama Administration to:
• Establish clear parameters and effective regulations for the financial system and
stimulate transparent assessment of financial as well as environmental, social, and good governance factors;
• Enhance access to the corporate proxy ballot so that long-term shareholders have a say in the nomination of corporate directors and in protecting shareholder value;
• Support corporate responsibility or sustainability reporting by public companies;
• Restate the consensus view that fiduciary duty may compel fiduciaries to consider
environmental, social and governance (ESG) factors;
• Assert global leadership in combating climate change, including through tax incentives and significant public investments in clean energy technology, energy efficiency, and green collar jobs and training;
• Take a critical look at lending policies and create more accountability in the lending marketplace;
• Create more opportunities for financially struggling homeowners to restructure their mortgages, helping them stay in their homes and out of foreclosure;
• Endorse legislation that provides for socially responsible investing options in the federal government’s retirement plan;
• Create an Office for Innovation in Corporate Social Responsibility to enhance and
coordinate interagency CSR activities, allowing the federal government to become a
state-of-the-art leader in CSR across its vast domestic and international arenas of
influence."
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