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Author: scdII Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2247  
Subject: Re: new to SRI Date: 12/23/2000 2:00 PM
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Hi mricketts.  Welcome.  And thanks for reminding me
 that I need to post that SRI FAQ I promised a couple
 of months ago!  In the mean time, there are two basic 
ways to find socially responsible stocks:  

The first is to look for lists compiled by others.  I'd 
start with GreenMoney's Public Company Listings 
(http://www.goodmoney.com/wpubco.htm), the Citizens 
Index (http://www.citizensfunds.com/live/index_ind.htm), and 
the Calvert Social Index 
(http://www.calvertgroup.com/calvertindex/CalvertIndex.asp?letter=All), 
all of which provide brief synopses of 
the companies they include.  Also look at Business 
Ethics Magazine's 100 Best Corporate Citizens 
(http://www.business-ethics.com/the100.htm#100 Best
Story) and the Council on Economic Priorities Honor 
Roll (http://www.cepnyc.org/topperforming.htm). This 
method will provide you with a lot of prospects that 
are more responsible than most.  Unfortunately, they 
may still include some companies that engage in 
activities you find objectionable (like animal testing, 
investment in nuclear power, abortion, refusal to 
include sexual orientation in their non-discrimination 
policies, a glass ceiling for female managers, privacy 
violations, low paid overseas labor, or political 
campaign contributions).  Which brings us to method 
number two.

The only way to be relatively sure that your money is 
going toward causes you care about and not 
toward issues you reject is to do issue-specific 
research.  There are many watchdog groups out there who 
will gladly fill up your email box with newsletters and 
updates on virtually any issue you can imagine, but 
I'll save that list for another time.  A shortcut to 
following all these issues on a regular basis are the 
"best" and "worst" lists put out by groups across the 
political spectrum.  Among the most useful are the "Top 
100 Toxic Release Sites" http://www.scorecard.org/ranking/rank-facilities.tcl?fips_state_code=Entire%20United%20States&type=mass&category=total_env&modifier=na&sic_2=All%20reporting%20sectors&how_many=100;
 the "AFL-CIO Boycott List" http://www.unionlabel.org/donotbuy/Default.htm 
and "Worker Friendly Products" list http://www.unionlabel.org/dobuy/Default.htm; 
PETA's "Companies that Test on Animals" http://www.peta-online.org/liv/cc/cctest.html; 
and "Companies that Don't Test on Animals" http://www.peta-online.org/liv/cc/ccdonttest.html;
 "Companies that Provide Domestic Partner Benefits" http://www.cs.cmu.edu/~dtw/companies.html#companies;
the St. Antoninus Institute's "Pro-Life Shopping Guide" http://www.ewtn.com/antonin/here.htm.
the "50 Best Companies for Minorities" http://www.fortune.com/fortune/diversity/; 
"100 Best Companies for Working Mothers" http://www.workingwoman.com/wwn/wwn_driver.showpage?area=30&content=4085; 
the "Top 10 Corporate Philanthropists" http://www.taftgroup.com/; 
and the "Top 15 Political Soft Money Contributors" http://www.commoncause.org/publications/sept00/softmoney/090705.htm; 

Although it is generally true that socially responsible
 companies are well managed in other areas of their 
business, neither of these two methods will guarantee 
that you'll find stocks that make good 
investment sense.  For that, you'll have to do 
further DD.  But there's lots of help here at 
the Fool for that.

Best of Luck in your search,
Susan
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