Social Investment Forum Annual Meeting

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Social Investment ForumAnnual Meeting

• SRI in the Rockies 2009
• JW Marriott Starr Pass Resort
• Tucson, Arizona
• Monday, October 26, 2009 130-230pm

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Agenda

• Approval of 2008 Annual Meeting Minutes
• Voting Announcement
• Membership Financial Snapshot
• SIF Program Highlights
• SIF Staff SIF Board
• SIF Working Group Updates
• Strategic Planning Survey Results
• 2009 Outgoing SIF Board Members
• 2010 SIF Board Election Results

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Approval of 2008 Annual Meeting Minutes

• I. Welcome and Agenda Review, Cheryl Smith,
  Chair.
• II. Minutes Approval Members moved to approve
  the minutes from the 2007 annual members meeting
  and the motion passed unanimously.
• III. 2008 Progress and Looking Ahead to 2009,
  Lisa Woll, CEO
• - Lisa referred members to the written progress
  report provided to the full membership in advance
  of SRI in the Rockies and the annual meeting. The
  report documented major accomplishments across
  our programs, including the progress of SIFs
  working groups. The document is available in the
  Members Only section of the SIF website at
  www.socialinvest.org. Lisa then opened the floor
  to the membership. Discussion addressed the
  following issues
• - Status of the SIF mission statement SIF had
  embarked on a process to develop a new mission
  statement and ultimately decided to keep the
  original mission statement (making a one word
  change). Expected this statement will be
  evaluated during upcoming strategic planning.
• - Can we do more in terms of microfinance? SIF
  has a community investing working group that will
  continue to promote national and global community
  investing options, including microfinance.
• - What are the top three SIF Goals? Smoothly
  transitioning to becoming an independent
  organization working with the new
  Administration addressing the financial crisis.
  Note that further engagement in policy work will
  require greater participation by members, and SIF
  members have not historically been actively
  engaged on the public policy front.
• - How can we address SRI career development? SIF
  and our working groups have already taken steps
  in this direction. The last SIRAN meeting, for
  example, included training on negotiating with
  companies, and we plan to have a member training
  on media or legislative outreach in 2009.

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• IV. Special Recognitions Working Groups SIF
  Board
• -SIF formally acknowledged and thanked the
  leadership of SIFs working groups
• Alison Bevilacqua and Lauren Compere,
  International Working Group
• Jan Bryan and Susan White, Indigenous Peoples
  Working Group
• Stu Dalheim, Advocacy Public Policy Working
  Group
• Noel Friedman and Celine Suarez, Sustainable
  Investment Research Analyst Network
• Donna Katzin, Community Investing
• - SIF extended a special thanks to Donna Katzin
  who has served as chair of the Community
  Investing Working Group for the past three years
  and who will be stepping down as chair at the end
  of this year. We are delighted that Kathy Stearns
  will be assuming the role of Community Investing
  chair while Donna continues to serve on the
  committee in other capacities.
• - SIF also extended sincere thanks to outgoing
  board member and SIF Vice President George Gay,
  to outgoing board member Alisa Gravitz and to Meg
  Voorhes who stepped down from the board this
  summer upon becoming SIFs new Deputy Research
  Director.
• V. Celebration of Co-op America
• - SIF expressed its thanks to Alisa Gravitz,
  Fran Teplitz and all the Co-op America staff for
  their years of partnership as the secretariat for
  the Social Investment Forum. The formal
  secretariat agreement between SIF and Co-op
  America ends December 31, 2008 as mutually
  planned. Tokens of appreciation were exchanged.
  
• VI. Election Results, Kathy Leonard, Board
  Nominations Committee Chair
• - Kathy announced the results of the 2008 SIF
  board election
• Sarah Cleveland, Institutional/Individual
  Investor
• Amy OBrien, Client-Oriented
• David Sand, Community-Oriented
• David Wood, Research/Education
• VII. Motion to Adjourn Cheryl Smith moved and
  the membership seconded and approved a motion to
  adjourn.

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Membership Financial Snapshot
Financial Snapshot
Both Categories Included Trends, which was
delayed.
Membership Snapshot
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SIF Program Highlights

• PUBLIC POLICY
• Major SIF initiatives this year include
• Obama Transition Document
• Financial Reform Framework
• Proposal to SEC on Corporate ESG Disclosure
• Report Annually using GRI Framework
• Report on Material ESG Issues in 10-K
• 80 Signatories with more than 500 Billion in
  Assets
• Responses to SEC proposed rules
• On Proxy Access
• On Proxy Disclosure and Solicitation Enhancements
• Capitol Hill Day in June with Media and Advocacy
  Training for Members
• Working with Representative Langevins Office on
  Thrift Savings Bill with an SRI Option
• Ongoing outreach to the SEC, Department of Labor,
  Key Congressional Offices

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SIF Program Highlights

• Member Services
• Industry Conferences with Discount for SIF
  Members
• SRI in the Rockies
• Responsible Investor
• Financial Times
• Institutional Investor
• Public Policy Briefing Calls
• 3 on Financial Reform,
• 1 on GHG Emission Reporting

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SIF Program Highlights

• Member Services
• New Member benefits this year include
• The SIF Scoop Quarterly E-newsletter
• Downloadable Member Logo to Display on Members
  Websites
• Regional Member Receptions Events in
  Philadelphia, San Francisco, New York,
  Washington, Boston and Chicago
• Discount to annual BSR conference
• Communications Toolkit
• Sample Letters to the Editor and Op-ed Pieces in
  Support of SRI and on the Financial Crisis
• Several Model Letters on Public Policy Issues

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SIF Program Highlights

• Research Publications
• 2009/10 edition of Socially Responsible Investing
  Trends in the United States
• Updated and More Comprehensive Questionnaire will
  be sent in January 2010
• BUT sponsorship is critical to moving forward
• Report on Survey of Investment Consulting Firms
• Will Analyze their Experience and Clients
  Interest in ESG
• Coming Later in 2009
• Community Investing Toolkit for the Faith
  Community
• (May 2009)
• Updated new edition of Mission in the
  Marketplace
• A Guide to SRI for Foundations and Endowments
• (February 2009)
• Handbook on Socially Responsible Investment
  Practices in American Indian Tribes
  Organizations
• (Will be Released in November 2009)

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SIF Program Highlights

• Media Outreach Coverage
• 10 SIF press releases in 2009, on
• SIF Policy Proposals
• New Publications
• Scholarship award
• Lisa Woll Op-Ed Columns on Need for Better
  Corporate ESG Disclosure
• August 25, 2009 issue of Christian Science
  Monitor
• September 2009 issue of Environmental Finance
• Coverage in Wall Street Journal, Reuters, U.S.
  News World Report, Investment News, Financial
  Planning Magazine and many other media outlets

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SIF Web Site
2007
2009
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SIF Staff

• Lisa Woll, CEO
• Oversees the fulfillment of SIFs strategic goals
  
• Manages staff, works with board
• Promotes SIF SRI through policy media
• Responsible for achievement of organizational
  development, fundraising program goals
• Meg Voorhes, Deputy Director Research Director
• Manages operations and administration
• Directs research projects and reports for SIF
  Foundation.
• Facilitates development efforts for SIF, works on
  programs
• Peter DeSimone, Director of Programs Marketing
  
• Oversees program initiatives, works with program
  staff
• Assists in policy initiatives and research
• Directs external and internal marketing

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SIF Staff

• Sylvia Panek, SRI Program Coordinator
• Coordinates activities and projects for
  Sustainable Investment
• Research Analyst Network
• Coordinates activities and projects for
  Indigenous Peoples Working Group
• Zack Hasychak, Community Investing Program
  Membership Coordinator
• Manages membership services, marketing, directory
  and renewals
• Manages financials systems for SIF Ltd. and SIF
  Foundation
• Coordinates activities and projects for the
  Community Investing Program
• Kristin Lang, Program Communications
  Coordinator
• Coordinates activities and projects for
  International Working Group and Advocacy Public
  Policy Working Group and Policy Committee
• Manages press communications
• Works with SIF Board of Directors

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SIF Board

• Executive Committee
• Chair Cheryl Smith, Trillium Asset Management
  Corp.
• Vice Chair Kathy Leonard, UBS Financial Services
• Vice Chair Reggie Stanley, Calvert Investments
• Secretary Kathy Stearns, Arc Advisers, LLC
• Treasurer Ingrid Dyott, Neuberger Berman
• At-Large Members
• Frank Altman, Community Reinvestment Fund
• Sarah Cleveland, Watson Wyatt Investment
  Consulting
• Joanne Dowdell, Sentinel Investments
• Michael Lent, Veris Wealth Partners
• Leslie Lowe, Interfaith Center on Corporate
  Responsibility
• Mary Jane McQuillen, ClearBridge Advisors
• Amy Muska OBrien, TIAA-CREF
• David Sand, Access Capital Strategies
• David Wood, Boston College Center for Corp.
  Citizenship
• Betsy Zeidman, Milken Institute

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SIF Working Group Updates
Indigenous Peoples Working Group
International Working Group
Community Investing Working Group
Sustainable Investment Research Analyst Network
Advocacy Public Policy Working Group
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SIF Strategic Planning

• Strategic Planning is an organization's process
  of defining its strategy or direction,
• and making decisions on allocating its resources
  to pursue this strategy,
• including its capital and people.
• There are various methods organizations use to
  undertake strategic planning. 
• SIF's process has looked like this 
• Situation - assess what is today's situation -
  DONE
• Target - define goals and/or objectives (or ideal
  state) OVERALL GOALS ARE DONE
• Path - formulate possible routes to achieving the
  goals/objectives, required resources THIS
  PROCESS IS UNDERWAY AND WILL BE DONE BY MARCH
  2010
• Strategic Plan will then need to be
• Implemented - Implementation of the agreed upon
  steps (not yet done, and will occur through each
  year's operations plan)
• Monitored- Monitor and evaluate annually how SIF
  is meeting its goals (not yet done)

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SIF Strategic Planning Process
Subcommittee of Board works with CEO
Board Starts Strategic Planning Process
Board Has Planning Session
Subcommittee gets Feedback from CEO and Working
Group Chairs
Member Survey to All Members
Take Responses to Board
Board Finalizes Strategic Plan
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Strategic Planning Survey Results
Social Investment Forum 2009 Membership Survey
on Strategic Planning  Total Membership 352
Total Responses 51 Response Rate 14
Breakdown by Category

• Institution with SRI Assets Under Management 18
  responses (of 64 or 28 response)
• SRI Service Provider 7 responses (of 11 or 64
  response)
• Community Investing Institution and SRI Banks
  Credit Unions 6 responses (of 38 or 16
  response)
• Non-Governmental Organizations 3 responses (of
  25 or 12 response)
• Individual Professionals 17 responses (of 212 or
  8 response)

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• Part I SIF Mission and Strategic Goals
• The current mission statement says that SIF is
  dedicated to "advancing the practice and growth
  of socially responsible investing (SRI)." In the
  past year, how would you rate SIF's
  accomplishment of that objective?

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• SIF Mission Statement
• CURRENT The Social Investment Forum is the US
  national nonprofit membership association for
  professionals, firms and organizations dedicated
  to advancing the practice and growth of socially
  responsible investing (SRI). Critical to
  responsible investment practice is the
  consideration of environmental, social and
  corporate governance criteria in addition to
  standard financial analysis. Forum members
  support SRI through portfolio selection analysis,
  shareholder advocacy and community investing.
• PROPOSED The Social Investment Forum (SIF) is
  the US membership association for professionals,
  firms and organizations engaged in socially
  responsible and sustainable investing. The Social
  Investment Forum advances investment practices
  that assess environmental, social and corporate
  governance issues to generate long-term
  competitive financial returns and positive
  societal impact.

Which of these statements is closest to your/your
firm's view of SIF's mission?
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• The SIF board and staff have proposed the
  following goals for 2010-2012
• 1. Support members' professional and
  organizational development
• 2. Create greater public awareness of SRI through
  research, media and
• public policy advocacy
• 3. Substantially increase the numbers of
  individuals and institutions engaged in SRI
• 4. Increase SIF membership
• 5. Create a financially viable business model
• How compatible are these goals overall
  with your vision of the future of SIF?

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• What level of importance would you assign to each
  goal?

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Do you think that any significant goals are
missing from the list?
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• Additional Information for Strategic Planning
• In the last year, have you (or has your firm)
  engaged or used any of the following SIF services?

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For achieving your firm's SRI business
objectives, how important is it to you that SIF
undertake the following programs, initiatives, or
activities?
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Please check the working group/s in which you or
members of your firm actively participate (have
attended a meeting, been involved in a conference
call, are on the steering committee, etc)
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Please check the types of research that you would
be most interested in having SIF commission or
produce in the next three years. Please choose
only 3, with 1 being of most interest, followed
by 2 and 3.

• Trends report on assets involved in socially
  responsible investing in the United States and
  related development (26.1)
• 2. SRI financial performance (19.6)
• 3. Practice/knowledge of SRI by specific segments
  (e.g., public retirement plans,
• corporate retirement plans,education accounts,
  foundations and endowments, investment
  consultants) (15.9)
• 4. Impact of and opportunities for community
  investment (including through Community Investing
  Center and
• database) (13)
• 5. Guides to SRI for retail investors (11.6)
• 6. Shareholder campaigns and success stories
  (10.9)
• 7. Other (2.9)

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Please indicate which best describe (two choices
only, rated 1 for most used and 2 for also used)
the terminology your firm uses to describe your
work.
1. Socially responsible investing 22 respondents
chose as 1, 14 respondents chose as 2 2.
Sustainability investing 9 respondents chose as
1, 7 respondents chose as 2 3. ESG
Integration 3 respondents chose as 1, 7
respondents chose as 2 4. Mission related
investing 2 respondents chose as 1, 7
respondents chose as 2
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Outgoing Board MembersKathy Leonard
UBSReggie Stanley Calvert InvestmentsKathy
Stearns Arc Advisors, LLC
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2010 SIF Board Election Results