Perhaps the
most urgent humanitarian crisis in the world is taking place in the Darfur
region of Sudan. The genocidal violence by government-backed militias has
included the mass murder of women and children, the destruction of villages,
and the displacement of hundreds of thousands of Sudanese. More information on
the Darfur crisis — and on why investors’ response is so important can be found
here.
We believe
that Domini’s Global Investment Standards express
our shareholders’ fundamental commitment to universal human dignity. In
considering companies for investment by the Domini Funds, we look closely at human
rights practices in countries where those companies are active, and at
companies’ interactions with governments that are responsible for human rights
abuses. (For more information, please see “Acknowledgement of Human Rights”
under our Global Community
standards.)
The Darfur crisis obliges investors
to look closely at not just whether, but also how, a company is pursuing its
business activities in Sudan. In our evaluation, Domini considers a variety of
factors to understand the nature and extent of a company’s activities,
including whether it operates primarily inside or outside government stronghold
areas, whether the company has supported the efforts of humanitarian
organizations working to address human rights abuses in Sudan, and whether the
company has been transparent about its operations and their impacts.
Based on this evaluation, we seek to
avoid investing in companies that do business in Sudan in cases where Domini
has determined that the company’s
activities provide certain direct benefits to the government of Sudan,
particularly in the areas of oil, mining, electricity infrastructure and
military or where, in our view, the company is otherwise complicit in human
rights abuses in Sudan. For these companies, our analysis will focus on
each company’s degree of involvement with the Sudanese government, and its
response to the crisis in Darfur.
In certain cases we may seek to use
our leverage as shareholders to obtain more information, or to influence the
company’s behavior in Sudan before selling our shares. We will generally not
invest in a company that violates the standards outlined above for the sole
purpose of engaging in shareholder activism.
Domini also maintains close contact
with the Sudan Divestment Task Force and other investors and human rights
organizations working against the Darfur genocide.
To find out
more about the situation in Darfur and what you can do to help, visit the Sudan Divestment Task Force, the Genocide Intervention
Network, and Save Darfur.
Domini may
change its investment standards at any time, and will publish any material
changes to this policy on our website. This page was last updated in February
2007.
You should consider the Domini Funds' investment objectives,
risks, charges, and expenses carefully before investing. View or order a copy of the Funds' current prospectus for
more complete information on these and other topics. Please read the prospectus
carefully before investing or sending money.
DSIL
Investment Services LLC, Distributor. 02/07