TORONTO, April 1 /CNW/ - The Social Investment Organization, the Canadian
association for socially responsible investment, has joined with its sister
organizations across the globe to send a message to world leaders meeting in
London tomorrow to address the global financial and economic crisis.
In its statement, Transforming global capital markets, the six-strong
network of global sustainable and responsible finance organizations says:
"The current economic crisis affords a unique opportunity and imperative
to transition to a low-carbon, resource efficient and socially sustainable
"As the umbrella organizations for the sustainable and responsible
finance industry worldwide, we call on world leaders to respond to this
challenge by incorporating sustainability and social responsibility measures
into both the economic stimulus packages for short-term recovery and the
longer-term reform of the credit and investment markets."
The statement outlines the measures proposed. These include (a) financial
instruments and incentives to building the green economy using private
investment alongside direct government support and (b) financial reform
measures to require greater transparency and facilitate responsible ownership.
"We encourage Prime Minister Stephen Harper to support these measures at
the G20," said Eugene Ellmen, Executive Director of the Social Investment
Organization in Canada. "We also urge him to rethink Canada's own economic
stimulus package and the re-regulation of financial services to address some
of the long-term issues that helped to create the current financial crisis."
A complete version of the statement is available on the website of the
Social Investment Organization at
The Social Investment Organization is a national membership-based
organization that includes financial institutions, investment firms,
financial advisors and various organizations and individuals interested
in socially responsible investing. The SIO has more than 150 corporate
and advisor members, and serves a network of more than 500 staff and
directors of member organizations. The SIO's mandate is to promote the
practice of socially responsible investment in Canada.
Additional resources for the media are available at:
About the signing organizations
For further information:
For further information: Eugene Ellmen, Executive Director, Social
Investment Organization, (416) 461-6042 ext. 111, firstname.lastname@example.org