The Triple Bottom Line Simulation®
The Triple Bottom Line Simulation® was last offered in 2002 and demonstrated that five SRI investment portfolios of $100 million each met or outperformed traditional investment benchmarks. However, at that time, few social investment companies offered products designed and priced for institutional investors. CMC felt it was unfair to ask SRI companies to underwrite the Simulation with sponsor fees when they could not benefit from the Simulation financially and thus discontinued the Simulation until that situation changed. Reviving the Triple Bottom Line Simulation now would be a good deal for all concerned. Below is the agenda of the program which successfully created the Triple Bottom Line Simulation.
Practicing Social Investing Without Committing Funds
Sponsored by Capital Missions Company
Monday, June 10, 2002
The Roosevelt Hotel New York
Madison Avenue at 45th Street
|8:00 AM||Continental Breakfast|
|8:30 AM – 8:35 AM||Conference Welcome
Susan Davis, President, Capital Missions Company
Tim Smith, President, Social Investment Forum
|8:35 AM – 8:45 AM||Simulation Network – A representative will describe the newly-formed Network of treasurers for the Simulation|
|8:45 AM – 10:15 AM||Case Studies
|8:45 AM – 9:00 AM||“Earning Social Dividends in Screening, Shareholder Advocacy and Community Development” – Gary Giscombe, Director of Finance, Amnesty International USA|
|9:00 AM – 9:15 AM||“Conducting The Social Investment Manager Search” – Rob Bowers and Lindsey Martinez, Cambridge Associates|
|9:15 AM – 9:30 AM||“Earning Environmental Dividends” – Lawrence Amon, CFO, National Wildlife Federation|
|9:30 AM – 9:45 AM||“Experiments in Social Venture Capital”
Dave Zellner, Managing Director of Finance and Investments, The United Methodist Church.
Laura Callanan, Associate Director of Investments, The Rockefeller Foundation
|9:45 AM – 9:50 AM||“A Focus on Community Development” – Michael Rauenhorst, President, Manager Foundation|
|9:50 AM – 10:05 AM||Morning Break|
|10:05 AM – 10:30 AM||“A Dramatic Global SRI Initiative by Churches” – John Goldstein, Senior Managing Director, Medley Global Advisors|
|10:30 AM – 11:30 PM||How To Play the Simulation Game
How to Play the Game – Susan Davis, President, CMC
New and Existing Simulation Product Presentations
|11:30 AM – 12:30 PM||Treasurers Evaluate Product Options-An Exhibit Fair
|12:30 PM – 2:00 PM1:15 PM||Lunch & Social Investment Forum Presentations
Coordinated by the Social Investment Forum, “Three Faces of Social Investing” is moderated by Tim Smith, President of the Forum.Keynotes:
Tim Smith, Senior Vice President, Walden Asset Management; President, Social Investment Forum
“Shareholder Advocacy on Social Responsibility and Corporate Governance – Merging Realities”
Tim Smith will examine the proxy season’s issues and impact on the business community, including the convergence of social and corporate governance issues post-Enron.
|1:30 PM||J. Richard Lynch, Executive Director, Foundation for Fiduciary Studies
Social Investing and Fiduciary Responsibility
Investment companies that adopt socially responsible investment strategies need to be mindful of their underlying duty to prudently manage all of their investment decisions. Rich Lynch will review the industry’s first defined practice standards of care for investment fiduciaries, and explain how SRI should and can be integrated with these practices.
|1:45 PM||Jay Falk, President, SRI World Group, Inc.
Social Investment Indicators and Value Creation Theory
A review of important developments in the social investment arena will be offered by a key industry spokesperson. Jay Falk will also explain the relationship between corporate responsibility and creating shareholder value.
|2:00 PM – 4:30 PM||Creation of Simulated Portfolios|
|Participants will meet to create the Simulations, grouped by type of fiduciary institution (foundations, pensions, endowments, religious groups and family offices). You will have reviewed the performance of the social investment products in the five existing Simulations, as well as the additional social products now available to the Simulation. Register now to receive this information. With this background, each Simulation group will:
adjust the asset allocation strategy to reflect current market conditions,
choose the appropriate new and existing products and
decide product investments for 2002-3.
Participants may visit the exhibit booths during this period as needed to refresh their understanding of various products and the products’ social dividends.
|4:30 PM – 5:30 PM.||Presentations of Finalized Simulated Portfolios|
|Participants will reconvene to hear the presentations of the finalized simulated portfolios. Subsequently, participants will receive all five simulated quarterly custody reports at no cost.|
|5:30 PM – 7 PM||Cocktail Party Reception|