Harrington and Everest Divest From Wind Turbine Manufacturer Gamesa

November 12, 2010 at 9:13 pm | Posted in Sustainability | Leave a comment

Napa, CA – Harrington Investments, Inc. (HII), a socially responsible investment (SRI) advisory firm announced today that it and its subadvisor, Zurich-based Everest Asset Management, have divested of over 17,000 shares of Spain-based Gamesa Corporation. 

“In accordance with our long term investment management style, we would prefer to remain invested in an alternative energy company such as Gamesa,” said John Harrington, President and CEO of Harrington Investments.  “However, we have a fiduciary duty to our clients to screen companies that not only show a strong commitment to their communities, but also invest in companies that respond to shareholder concerns, both of which Gamesa failed to do.”

  Continue Reading Harrington and Everest Divest From Wind Turbine Manufacturer Gamesa…

Don’t Worry About The Bedbugs — Eliminate the Financial Parasites

October 28, 2010 at 3:41 pm | Posted in Sustainability | Leave a comment

By John Harrington for the Huffington Post
October 27, 2010

Growing up in rural East Texas, I thought I knew what poverty looked like — I certainly didn’t know what it cost. You don’t unless you are locked in with few ways out and preyed upon by check cashers, payday lenders, pawnshops and rent-to-own bandits.

One doesn’t need to read Gary Rivlin’s Broke USA: From Pawnshops To Poverty, Inc. — How The Working Poor Became Big Business to be educated about how expensive being poor in America can be — just walk into the Fruitvale or West Oakland neighborhoods of Oakland, California, in the San Francisco Bay Area. Or, you can walk down Mission Street in the Mission District or on Market Street in San Francisco and see lots of people lined up in front of payday lenders and check cashers on almost every corner. They are also in almost every American city and accounted for over $113 billion in business nationally in 2007, including check cashing, payday loans, money orders, and money wiring.

Continue reading Don’t Worry About The Bedbugs — Eliminate the Financial Parasites.

Want a Bonus for Greening Your Company?

July 9, 2010 at 4:24 pm | Posted in Sustainability | Leave a comment

by Dale Wannen

Well, it’s about time.  Bonuses strictly related to quarterly profits may become a thing of the past as the corporate image of BP and its dubious sustainability measures have wreaked havoc on their stock price; rather, rewards based on a deeper measurement of sustainability may start to pay off.

In fact, the recently published Roadmap to Sustainability developed by Ceres, a Boston based network of institutional investors, shows that increased attention by upper level management on sustainability is forcing companies to change.  It’s important to note that Ceres also directs the Investor Network on Climate Risk (INCR), a group of more than 70 leading institutional investors with collective assets of more than $7 trillion. 

Continue Reading Want a Bonus for Greening Your Company?…

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