San Francisco (www.takingactionconference.com). The by-invitation event will bring together leaders from pension plans and foundations, plus private investors, to examine the practical issues and hard numbers behind mission-related investing.
San Francisco, CA -- August 25, 2008 -- Calling it "the investment trend that could change the world," Correlation Consulting today announced the annual Taking Action on Mission Related Investments conference, to be held September 9 and 10, 2008 in San Francisco (www.takingactionconference.com). The by-invitation event will bring together leaders from pension plans and foundations, plus private investors, to examine the practical issues and hard numbers behind mission-related investing.
Mission-related investing is a fast-growing trend that includes hot categories such as clean-tech and microfinance, whereby investors seek both strong financial returns and social or
environmental impact.
Confirmed attendees include private investors, philanthropists and foundation trustees who together control over $2.5 trillion in investable assets.
California State Treasurer Bill Lockyer who serves on the boards of the Public Employees' Retirement System (CalPERS) and State Teachers' Retirement System (CalSTRS), the nation's largest
pension funds, will be a featured speaker at the conference.
"For any institution, fiduciary trust and social responsibility should go hand in hand," said Lockyer, whose office is responsible for investment and finance in California. "We can build
a better future as we build capital."
Signs indicate that mission-related investing is on the rise:
An Ernst & Young study found VC investment in green tech grew 18 percent during Q1 of 2008, while general U.S. VC investing declined 7 percent.
Institutional asset owners say they will increase their responsible investments by $137 billion by 2011, according to an RI Landscape 2008 Asset Owners survey.
66% of global managers surveyed believe that Environmental, Social and Governance criteria (ESG) will be integrated into mainstream processes and strategies in 3 to 10 years, according to
Mercer Fearless Forecast 2007.
Roughly 14% of ultra high net worth individuals invest in green technologies and alternative energy sources, with half citing financial returns as their top motivation, according to a
Capgemini/Merrill Lynch World Wealth Report 2008.
In addition to Treasurer Lockyer, confirmed speakers at the Taking Action on Mission Related Investments conference include:
Janice Hester-Amey, Portfolio Manager, Corporate Governance, CalSTRS
Mindy Lubber, President, Ceres
Preston Pinkett III, VP, Social Investments, Prudential Financial
Christa Velasquez, Director, Social Investments, Annie E. Casey Foundation
Richard Fahey, COO, Skoll Foundation
"We're seeing growth in for-profit investment funds from top-tier firms and managers that aim to solve societal problems and deliver market-rate returns. For investors, it's an uncharted
universe of opportunity. Our conference sheds light on the potential to create wealth while creating a better tomorrow," notes Georgette Wong, President of Correlation Consulting.
Conference sponsors include Correlation Consulting, Legacy Works, KL Felicitas Foundation, Community Capital Management, State Street Global Advisors, The Clara Fund, The Rockdale
Foundation, Prudential Financial, Cornerstone Advisors, Clark Nuber, Sustainable Asset Management, Conservation Forestry, ZeroDivide, The Skoll Foundation, and the Underdog Foundation.
To request an invitation to the Taking Action on Mission Related Investments Conference, please contact Georgette Wong at 650.759.4769 or georgette@correlationconsulting.com or visit
www.takingactionconference.com.
About Correlation Consulting
Correlation Consulting provides strategic guidance for families and organizations seeking premium returns from socially and environmentally conscious investments. The company finds
solutions that incorporate best practices from the investment, business, philanthropic and nonprofit sectors. Correlation Consulting also organizes seminars and conferences to share
ideas, incubate new initiatives, and most importantly, create communities ready for action.
Contact:
Georgette Wong, President
Correlation Consulting
650.759.4769
Georgette(at)correlationconsulting.com