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December 17, 2004

News & Opinion: Paul Hawken's latest

By: 800-CEO-READ @ 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.