December 17, 2004

News & Opinion: Paul Hawken's latest

By: Dylan Schleicher @ 4:02 PM – Filed under: Management & Workplace Culture

Entrepreneur, environmentalist, and prolific author Paul Hawken, whose books including the groundbreaking Natural Capitalism, has taken on a new and unexpected target: Socially-responsible mutual funds.
In a report on his Natural Capital Institute website, Hawken argues that the social investing industry "has failed to respond to people who want to invest with conscience." The "socially responsible" label, he says, has become all but meaningless because SRI funds invest in such companies as a Coca-Cola, Wal-Mart, Altria, Halliburton and Exxon Mobil--which evidently don't make Hawken's standards for social responsibility, and don't match the claims of many funds' own advertising. Debate between Hawken and the SRI folk is now raging in the alternative press.

About Dylan Schleicher

Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.