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Article

24 Mar 2008

Author:
Jeffrey MacDonald, Christian Science Monitor [USA]

Invest in gold with a clean conscience? How conscientious investors can engage with this hot commodity

Advocates for the world's poor see a golden opportunity for investors to make money and champion social justice at the same time by raising their voices as shareholders in gold-mining companies…Some institutional investors are being proactive…American SR funds, however, are taking a hands-off approach…That's because gold-mining firms seldom pass an SR fund's social screens due to their checkered track records…These divergent approaches reflect a longstanding debate within SR investing: Is it better to keep problematic sectors and companies out of a portfolio, or invest with hope of persuading them to do better?...[refers to Freeport McMoRan, Christian Brothers Investment Services, Newmont Mining, Ethical Funds, Domini Social Investments, Gold Corp., Barrick Gold, SRI World Group, Tiffany’s]