SRI: Uncovering the misconception relevant to the Baltic States

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SRI Uncovering the misconception relevant to the
Baltic States
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Fact or Fallacy does responsible investment
erode financial returns?

• Fact Equal or Better Performances
• 1998 17 of socially responsible US growth funds
  ranked in top quartile of its category (Kendall)
• 2002 Responsible investments are beginning to
  equal and outperform the market benchmark (Otten,
  Bauer and Koedijk)
• 2004 Ethical investments do not penalise
  returns (Bauer, Otten and Tourani-Rad)
• 2004 Portfolios investing in eco-efficient
  companies significantly outperform (Derwall,
  Guenster, Bauer and Koedijk)
• 2005 1990 to 2005 Domini 400 increased 497.1
  relative to 426.5 of SP (Domini)

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Index Returns results to confirm the fact?
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Baltic Global Compact Index no better but no
worse
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Fact or mere fallacy?

• Thank you!
• Contact details
• Shana Vida Gavron
• Analyst and SRI Adviser, Baltic States
• Tel [phone]
• E-mail srinvestment_at_care2.com