GREEN COMPANY PROFILES PROGRESSIVE ASSET MANAGEMENT
They avoid investments in companies that pollute, discriminate, impose unsafe working conditions, among other criteria. They choose to invest in businesses actively benefiting society and the environment (or whose impact is neutral).
Financial Return: Social investments makes good financial sense. Companies not following socially and environmentally responsible practice stand to lose a portion of their earnings to regulatory pressures, fines, strikes, lawsuits and boycotts. Those committed to social investment believe, that the best long-term investments combine positive social and financial performance. The socially responsible approach allows investors to pursue a good financial return and progressive social goals at once. Since 1987, PAM has provided investors the opportunity to invest for financial return and social progress. The Oakland, California-based firm is undergoing rapid expansion (six additional offices in the last three years). Currently they have offices located in Oakland, Portland, New York, Boston, Baltimore, Northern Michigan and New Hampshire.
The company serves over 4,000 clients, and handles $700 million in assets. Clients include: foundations, churches, labor unions, non-profit organizations, and individuals investors.
PAM also provides social investment services to the financial community, including mutual fund companies, foundations and traditional investment firms.
PAM distinguishes itself as an industry leader by the scope of services it provides. They offers clients the opportunity to invest in all major socially and environmentally responsible mutual funds, as well as individual stocks, bonds and retirement accounts. Clients also have access to more than 100 of the top-performing investment managers providing screened portfolio management. PAM employs four key strategies to meet the needs of their diverse clients, maximizing the power of a share (stock) in the marketplace and in society:
PAM participates directly in shareholder activism. In 1997, they are initiating and co-filing several shareholder resolutions:
PAM is also working with Time Warner on its plans to convert use of chlorine-free paper in its publications as well as Nike on their Third World labor sourcing.
For more information on PAM, their financial services, research information or
social screening call their headquarters in Oakland at (800)786-2998 or visit their
web site at- www.Progressive-Asset.com
Copyright © 1996. The Light Party.
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