Not long ago, Cory Donovan, executive director of social impact investing organization ImpactPHL, decided to look into his own retirement accounts, to check in on just how socially impactful he himself is in his investments.
He used a tool from As You Sow, a 30-year-old nonprofit that pushes corporations towards more conscientious business practices, that allowed him to look up a socially good grade for the mutual funds that made up his Individual Retirement Account (IRA). What he learned was…not good.
“One of the mutual funds I owned got an ‘F’ in a category I really care about: gender equity,” Donovan says. “I was horrified.” Read Full Article - The Philadelphia Citizen, July 29, 2020