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2011 Social Impact
Download our 2011 Social Impact Updates (PDF Format).
As a shareholder in the Domini Funds, you make a difference in the world. Listed below are some of the ways that you made a difference in 2011.
Improving Corporate Political Transparency: In 2010, the Supreme Court’s controversial decision in Citizens United v. Federal Election Commission freed corporations to spend unlimited amounts of money to influence political elections. Since 2004, Domini has worked to foster transparency and accountability of corporate political spending. In 2011, we filed a legal brief with Montana’s Supreme Court supporting their efforts to maintain a century-old law banning corporate political contributions in the state, wrote a letter to President Obama endorsing a draft executive order that would require all companies seeking government contracts to publicly disclose their political contributions, and sent a letter to the SEC in support of a petition asking for a rule requiring corporations to disclose spending on political activities. In addition, we re-filed proposals with AT&T and JPMorgan Chase, seeking disclosure of their political spending.
Addressing Global Deforestation: We filed proposals with Kraft, Lowes, and RR Donnelley, seeking reports on their efforts to address their impacts on deforestation. All three companies were willing to talk to us about our concerns.
Global Network Initiative – Internet Censorship and Surveillance: During the year, Domini continued to participate as an active member of the board of the Global Network Initiative, a human rights organization addressing threats to freedom of expression and privacy on the Internet and other telecommunication technologies (GNI includes Microsoft, Yahoo, and Google). This year, our human rights proposal at Cisco Systems received a 42.5% vote – the highest we’ve received to date.
Conflict Risk Network – Sudan, Libya, and Syria: The Conflict Risk Network (CRN) is a network of investors and other stakeholders working to ensure that corporations uphold human rights and support peace and stability when operating in areas affected by genocide and mass atrocities. Domini is a founding member of CRN and serves on its advisory board. During the year we worked with CRN members to engage the Swedish company Atlas COPCO concerning its operations in Sudan; Saras, an Italian oil company, to express concerns regarding its sales of fuel to the Libyan military under Qaddafi; and 11 other oil and gas companies operating in Syria to express concerns regarding the Syrian government’s violent crackdown on pro-democracy activists.
As of 12/31/11, Saras was not held by the Domini Funds. View the most current list of the Domini Social Equity Fundand Domini International Social Equity Fund's holdings. The composition of each Fund's portfolio is subject to change.
The Domini Funds are subject to market risks and are not insured. You may lose money. This information is provided for educational purposes only, and should not be considered investment advice with respect to any of the holdings listed. The Funds’ portfolios are subject to change.