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Article: Faith-based investors to apply 'green' index.(NATION)(Interfaith Center on Corporate Responsibility)
- Article from:
- National Catholic Reporter
- Article date:
- February 20, 2009
- Author:
CopyrightCOPYRIGHT 2009 National Catholic Reporter. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Interfaith Center on Corporate Responsibility said Feb. 5 it would use an index measuring how "green" publicly traded corporations are to help it make investment decisions and push for more eco-friendly business practices.
"We believe that the information that we are making available will play several different roles," said Leslie Lowe, director of the interfaith center's Energy and Environment Program.
"Institutional managers have a fiduciary duty to manage the assets they are given," she added, and companies' care for the environment is another tool with which to evaluate their performance.
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