Making Green by Going Green
18.05.12
Hampshire College is betting that companies that scorch the Earth and mistreat employees aren't going to make it in the long run.
After releasing a draft of new investing guidelines Tuesday, the college is poised to join a small list of colleges and universities pursuing "environmental, social and corporate governance investing" -- a proactive stance on investing that favors companies that pursue socially responsible practices -- rather than focusing solely on financial return.
Advocates for such a proactive form of investing, including Hampshire, say they are consistent with colleges’ missions of fostering social good. They also argue that investing in socially responsible and sustainable companies, while it may not appear to be the optimum financial move at any given time, is a safer investment in the long run, since those companies also have an eye on the future.
“Business practices that include safe and supportive work environments, products that build economic strength, and activities that benefit the disadvantaged, including charitable giving, enhance the financial security and long-term sustainability of companies in which the college invests,” Hampshire said in a press release.
Source: Inside Higher Ed