The UN (United Nations) likes to at least pretend to make sure everybody is on the same page. Otherwise, what are they all doing there, you know?
One of the ways they’ve established at least the stated precepts of what they consider "fair" runs through their UN Principles for Responsible Investment (PRI). The six principles under the PRI set the standard for responsible investing in terms of environmental, social, and corporate governance. Their thought? Why not meet both investment goals as well as societal ones? Everyone from financial institutions to retail can join in on the family-friendly fun.
But this is more than just a list of “would be nice to have”s. A separate nonprofit turns these six principles into reality. Organizations can put on their signatory hats and publicly commit to adopting and implementing the PRIs. Gotta get that street cred with consumers.
Here are the six principles:
1. We will incorporate environmental, social, and corporate governance (ESG) issues into investment analysis and decision-making processes.
2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
4. We will promote acceptance and implementation of the principles within the investment industry.
5. We will work together to enhance our effectiveness in implementing the principles.
6. We will each report on our activities and progress towards implementing the principles.
7. We will not openly take bribes behind the scenes and then change our votes so that they reflect our nation's individual immediate needs, no matter how corrupt our leaders are, and...ok, ok, #7 isn't on there. But it should be.
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Finance: What is a Moral Obligation Bond...7 Views
Finance allah shmoop what is a moral obligation bond So
one of our writers totally messed this one up and
we started a video about promises to pay dentists So
a moral obligation bond is one that gets paid because
well you have good morals or you feel morally obligated
to pay hey if you don't necessarily legally have to
pay it but you're morally obligated Teo do so let's
think about this Hospitals universities do gooder projects of all
shapes and sizes that is on a lone dusty highway
west of omaha a tiny city wants to build a
trucker parking hub with excellent hot dogs clean ish showers
and a mud flap emporium They need three million bucks
to build this thing for the kindly loving truckers while
it's still human beings doing nothing and well on their
own city can't afford it the state realizing how good
this depot would be for commerce in business coming into
and out of the state they decide to guarantee the
bonds of that little city The city is backing it
without reams of paper a forest full of paper sign
contracts or any other major structural legal limits in practice
The bonds air publicized as a gift to the area
and they create extreme embarrassment to the politicos who backed
it Should that bond ever fail That is whoever's managing
the facility and supposed to collect the you know shower
tuition from the truckers stops collecting it and or the
truckers find somewhere else to go with mohr cleanest showers
or this is a municipal moral obligation bond but the
term applies to bonds that are not government backed as
well The holy rollers church of greater baltimore is raising
money to replace all the stained glass windows that have
been broken by you know errant baseball's from the neighboring
field They get each of their congregants toe loan the
church three grand and no they're not passing contracts along
with the collection plate there's nothing in writing saying that
the church will use that money to replace the windows
they promised or because the members let the church get
their dough back The church has a moral obligation to
pay back the money that they were loaned to make
good on their promise and if they default well they'll 00:02:10.823 --> [endTime] have to answer to the big guy in charge
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