Willow's Pagan Place
Corporate Accountability, Wall Street and the Environment
In today's global economy, corporations are doing more and more business abroad, often at the expense of the environment and local communities. In the past several years we have seen corporations leaving behind trails of destruction in places from Nigeria to Indonesia. Friends of the Earth is using innovative strategies to solve this problem we work with locally affected communities, environmental and human rights organizations, shareholders, and Wall Street to challenge corporations to become better global citizens. Through our Green Investments program, we're working to improve the capacity of the global marketplace to foster sustainability by taking the environment directly to Wall Street. The Green Investments project is dedicated to making financial markets more capable of protecting the future of the earth and local communities by changing financial systems and practices
Wall Street Misses the Green
To ensure that Wall Street receives environmental information, FoE monitors the Securities and Exchange Commission's implementation of environmental disclosure regulations. Through the Corporate Sunshine Working Group, FoE leads an alliance of over one hundred investors, environmental, labor and community groups in the field of environmental financial accounting to broaden and deepen such corporate disclosure requirements. Through CERES and its leadership in the Global Reporting Initiative, we're working to improve and standardize voluntary corporate environmental reporting.
Outreach to the Financial Community
To ensure that Wall Street uses and integrates environmental information into financial decision-making. FoE works with communities adversely affected by corporations and poorly -planned development projects to communicate environmental and social concerns in financial terms. FoE also works with ratings agencies, hosts investor briefings, creates corporate financial profiles, and educates investors and creditors on the bottom-line benefits of corporate responsibility.
Democratizing capital
FoE's Green Paycheck Campaign empowers individuals to match their values with their investments by teaching small savers how to establish a socially and environmentally responsible pension option in their workplaces. For ten years FoE has been partnering with institutional investors to confront corporations through shareholder advocacy. FoE is also an official partner in the SEC's "Facts on Saving and Investing" educational campaign, and is frequently called upon as an expert in the field of private finance and the environment.
Catalyzing sustainable investments
FoE is pursing the creation of a "development screen" at the International Finance Corporation (private finance arm of the World Bank) to create investment criteria which prioritize and catalyze private investment in sustainable enterprises and projects. FoE also works to educate investors on their roles and special responsibilities of investing in emerging market economies.
Building international NGO capacity
FoE co-directs the Quantum Leap project, which sponsors NGO training, networking, and engagement opportunities on international private finance for NGOs around the world.
Conctact: Michelle Chan-Fishel Coordinator, Green Investments Program