Calvert's New Guidelines Encourage Companies to Act Responsibly in Gulf Rebuilding

Calvert's New Guidelines Encourage Companies to Act Responsibly in Gulf Rebuilding

Calvert, the nation's largest family of socially responsible mutual funds, has drafted a set of guidelines to encourage companies helping to rebuild the Gulf region to operate in a fair and sustainable manner. The "Katrina Business Guidelines" were posted on Calvert's Web site as part of a special report that includes more information and tools for Calvert's clients and others who care about responsible rebuilding in the Gulf region.

"A successful rebuilding effort must accomplish more than replacing infrastructure, bricks and mortar. It must also rebuild the lives and communities of those displaced from the Gulf, and those who remained in the Gulf," said Barbara J. Krumsiek, Calvert's president and CEO.

Specifically, the Katrina Business Guidelines call on companies to:
  • Rebuild on a foundation of fairness, justice, and opportunity
  • Invest in communities
  • Build for sustainability
  • Manage corporate responsibility risk
Calvert is known as a leader in the field of social investing. In 2000, Calvert created the Calvert Social Index, a benchmark for measuring the performance of large, U.S.-based socially responsible companies.