It has become imperative for business to demonstrate greater social participation and create value in the communities where they operate. But the growing availability of corporate capital for social development has not necessarily resulted in funds finding an effective home. Money often flows to the best-known development programmes or is directed through governments or aid agencies with their own development agendas. This leaves under-developed and under-resourced initiatives, working on the ground to effect change, without access to capital markets. And while corporate philanthropy plays a vital role in the development of communities, is not enough to lift people out of poverty and address South Africa’s historic imbalances. The SA Social Investment Exchange (SASIX) is an innovative platform providing a range of high-impact social investment opportunities from grants to financial investments in responsible initiatives that offer market-related financial returns. This, together...

In a new Wiki Book (www.citizenrenaissance.com), authors Robert Phillips and Jules Peck explore the potential of a new Tripartite Contract between Business, Politics and Citizenship; a Contract built and conducted in the spirit of openness, transparency and real engagement; one designed to deliver the common good and safeguard the future of the planet.

David is Climate Change Adviser to Tomorrow’s Company and was the author of the Tomorrow's Company report Tomorrow's Climate - beyond peak carbon which you can find here. This article is based on David Vigar's speech at the launch of that report on 16th July 2009.

Marking the 20th Anniversary of SRI in the Rockies offers more than an opportunity to review the hard-won progress of investors to prove that socially responsible investing is viable and now clearly out-performs traditional mainstream investing.  Since the credit crises of 2008-2009, we can now assert with confidence that investing for long-term sustainability and taking ESG factors as material to asset valuation could have actually helped avert these crises.   We investors are now winning the paradigm battle and cite the evidence to show that the Efficient Market Hypothesis (EMH) is bunk and by the same token show that the Modern Portfolio Theory (MPT), the Capital Asset Pricing Model (CAPM) and, yes, even the sacred tenets of the "rational investor" and the Black-Scholes Merton Options Pricing Model all are part of history.

GLOBE-Net (October 16, 2009) What is the role of investors in creating a more sustainable economy? A survey of fund managers just published by the UK’s Fair Pensions campaign provides challenging reading for anyone who believes that a green future will emerge simply through market forces operating in the investment community. The market purist argument is that the system should regulate itself; because if climate change really is a material risk for businesses, it should be built into the way companies are valued. Companies whose factories or plantations could be destroyed by climate change-induced floods or droughts should be less attractive investments than ones making wind turbines or hybrid car engines.