Thursday, March 23, 2023

Play

A proposed flavored tobacco ban is back on the table in Minnesota, Trump attorney Evan Corcoran must testify in the documents probe, and a "clean slate" bill in Missouri would make "expungement" automatic.

Play

The Fed raises interest rates and reassures the banking system is sound, Norfolk Southern reaffirms a commitment to the people of East Palestine, and TikTok creators gather at the Capitol to support free expression.

Play

Finding childcare is a struggle everywhere, prompting North Carolina's Transylvania County to try a new approach. Maine is slowly building-out broadband access, but disagreements remain over whether local versus national companies should get the contracts, and specialty apps like "Farmers Dating" help those in small communities connect online.

MN Makes Waves in Socially Responsible Investing

Play

Thursday, May 12, 2022   

Higher consumer prices are dominating financial headlines, but an investment trend is making noise. It encourages putting money into causes that provide a social benefit, and this movement gaining steam in Minnesota.

Socially responsible investing is coming off a record year, with nearly $650 billion flowing into these funds.

Casey Shultz - director of investor relations with the Saint Paul & Minnesota Foundation - said in the world of philanthropy, it can mean shifting a portfolio away from fossil fuels to clean energy.

She said it doesn't have to just involve larger institutions. Separately, smaller investors can jump in.

"We're in a really lucky time where there are so many more investment vehicles being offered," said Shultz. "So, there truly is an opportunity for any type of investor - whether that's you as an individual or going all the way up to larger pension funds or other institutional investors. "

On a larger scale, the Foundation recently became the first community foundation in the U.S. to sign on to the Principles for Responsible Investment network, which is backed by the United Nations.

Research has shown this type of investing results in strong financial returns, but some analysts warn to be wary of companies who pledge responsible actions, but fail to follow through.

Shultz echoed the sentiments of researchers who suggest sustainable investing can be a good business decision. She predicted that this will be more of a factor as governments around the world craft policies meant to address climate change.

"We're looking at companies that are forward thinking," said Shultz, "that they see these regulations that are coming and they're like, 'Oh, we better start making investments to address this now so that it's not a huge financial burden down the line.'"

At the end of the day, she said this approach shapes a better future for the nonprofits the Foundation works with. She said they already started going this route before joining the UN PRI movement this spring, pointing to their community investment fund, which accepts individual donations.

A 2020 analysis from Arabesque Partners found that 80% of sustainability business practices have a positive influence on performance.



Disclosure: The Saint Paul and Minnesota Foundation contributes to our fund for reporting on Education, Health Issues, Human Rights/Racial Justice, Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
In 2020, 35% of Idaho mothers had Medicaid at the time of their child's birth. (WavebreakMediaMicro/Adobe Stock)

Social Issues

With concerning trends emerging for pregnant and postpartum women, frustration is growing that Idaho lawmakers could end the session without …


Health and Wellness

Health advocates are promoting a package of bills this legislative session to make health care easier to get - and more affordable. The Care 4 All …

Social Issues

A new study from the University of New Hampshire found New England's LGBTQ+ residents experience higher rates of food insufficiency, the measure of …


According to the Center for American Progress, nearly nine in 10 employers, four in five landlords, and three in five colleges use background checks to screen for applicants' criminal records. (Yurii Kibalnik/Adobe Stock)

Social Issues

A large percentage of Missourians who could to have their criminal records "expunged" have not done so, despite the effects expungement -- referred …

Social Issues

A person's work personnel file can be important to review, but some Washingtonians are finding them hard to obtain. A bill in Olympia would ensure …

The most recent Farm Bill covered areas such as agricultural conservation, trade and foreign food assistance, farm credit and research. (Adobe Stock)

Environment

The U.S. Farm Bill is up for reauthorization, and Congress faces calls to avoid any delays so certain programs can keep helping farmers and consumers …

Social Issues

Youth advocates continue to sound the alarm over the impact flavored tobacco products have on teenagers, and hope Minnesota lawmakers take another …

Environment

As wildfire seasons in Colorado and across the American West become longer, less predictable and increasingly destructive, a new report aims to …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright 2021