Calvert's Dr. Julie Gorte Named Co-Chair of UNEP FI Asset Management Working Group.BETHESDA, Md. -- Calvert (www.calvert.com), one of the nation's largest families of socially responsible mutual funds, announced today that Dr. Julie Gorte, Calvert's Vice President and Chief Social Investment Strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns , has been elected co-chair of the UNEP UNEP United Nations Environment Program(me) UNEP Unbundled Network Element Platform UNEP University of Northeastern Philippines FI Asset Management Group. The United Nations Environment Programme Finance Initiative, founded in 1991, is a unique global partnership between the United Nations Environment Programme (UNEP) and the private financial sector. UNEP works with more than 160 financial institutions and organizations to develop and promote linkages between the environment, sustainability and financial performance. UNEP FI's Asset Management Working Group (AMWG AMWG Adaptive Management Work Group AMWG Architecture Methodology Working Group AMWG American Movement for World Government ) explores the association between environmental, social, and corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. considerations and investment decision-making. The working group consists of 13 asset managers with combined mandates of $2 trillion. Their clients are a spectrum of investor types with diverse portfolio allocations, for whom investment decisions are made across a range of asset classes. Dr. Gorte has been active in UNEP FI as a signatory sig·na·to·ry adj. Bound by signed agreement: the signatory parties to a contract. n. pl. sig·na·to·ries One that has signed a treaty or other document. representative since 2002, and most recently served as project lead for the AMWG's recent publication Show Me The Money. Her main priorities as co-chair of the group will be to facilitate and help guide the AMWG's work to advance the incorporation of environmental, social, and governance factors into asset management. Over the last several years, UNEP FI has tackled a wide range of issues where social and investment concerns intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. global climate change, corporate governance, and finance in war-torn economies. "UNEP FI has begun to really change the landscape of investment and finance," said Dr. Gorte. "The leadership of the small but dedicated staff of UNEP, and the energy of the members, reminds me of Margaret Mead's observation that we should never underestimate the power of small groups of dedicated people to change the world. I am honored to be able to co-chair this energetic and thoughtful working group." "We have always supported UNEP FI's work in linking government and financial institutions to address the world's most pressing environmental issues, so we are very proud that Julie has been asked to co-chair the asset management group," said Steve Falci, Calvert's Senior Vice President and Chief Investment Officer, Equities. "Her continued involvement in this very distinguished group will undoubtedly broaden our understanding of global social investment issues, and further strengthen our social investment discipline." Calvert is one of the nation's largest socially responsible mutual fund firms with over $13 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Calvert offers forty funds that allow individual and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. to pursue a broad range of investment objectives within a single fund family. Calvert launched the Calvert Social Index The Calvert Social Index is a stock market index created by the Calvert Group as a benchmark of large companies that are considered socially responsible or ethical. It currently consists of 468 companies, weighted by market capitalization, selected from approximately 1,000 of the [R], a benchmark for measuring the performance of large, U.S.-based socially responsible companies. Calvert has an extensive lineup of equity, tax-free and taxable fixed income funds. For more information on Calvert, click on www.calvert.com. For more information on any Calvert fund, please contact Calvert at 800.368.2748 for a free prospectus. An investor should consider the investment objectives, risks, charges, and expenses of an investment carefully before investing. The prospectus contains this and other information. Read it carefully before you invest or send money. Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , a subsidiary of Calvert Group, Ltd. (11/06, 6502) |
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