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Tobacco Control 2009;18:338-339; doi:10.1136/tc.2009.031385
Copyright © 2009 by the BMJ Publishing Group Ltd.

PERSPECTIVES

Socially responsible investing is no "sell out"

Michael H Crosby

Correspondence to:
Correspondence to Dr Michael Crosby, Interfaith Center on Corporate Responsibility, 1015 N Ninth Street, Milwaukee, WI 53233, USA; mikecrosby@aol.com

Received 19 May 2009

Accepted 9 June 2009

The first 150 words of the full text of this article appear below.

Socially responsible investing (SRI) involves the effort of investors committed to making their equities and bonds freer from violations against these investors’ social, moral or environmental "bottom lines." Depending on the group, various "screens" prohibit investments in companies identified with tobacco, alcohol, gambling or abortion. Others engage in companies regarding issues which pass their "screens." Others "buy into" such companies in order to challenge them on their practices.

I have been the corporate responsibility agent of my group of Catholic brothers, the Midwest (US) Capuchin Franciscans, since 1973. It was in this capacity, after seeing the penetration of US tobacco companies in Latin America in 1980, we bought 10 shares each of Philip Morris and RJ Reynolds so we could challenge them on their practices. Since then we and other members of the Interfaith Center on Corporate Responsibility in New York and other SRI groups, have raised almost every imaginable . . . [Full text of this article]


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