The following is a list of important milestones representing Domini Social Investments’ growth and development:
- Domini International Social Equity Fund Investor (DOMIX) and Institutional (DOMOX) share classes received an Overall Morningstar rating of five stars, based on risk-adjusted returns, as of 12/31/14.
- Domini withdraws four shareholder proposals after reaching agreements with MeadWestvaco (agreed to fully disclose its political contributions), Avon (agreed to improve its palm oil sourcing policies), Lowe’s (agreed to phase-out pesticides linked to pollinator declines), and Southwestern Energy (committed to set and publish goals for methane emissions).
- Domini advises on development of UN Guiding Principles Reporting Framework, providing comprehensive guidance to corporations on how to report on human rights impacts.
- The Domini Social Equity Fund and Domini International Social Equity Fund outperformed their respective benchmarks for 2014.
- Domini marked the 20th anniversary of its shareholder activism program. In this time, Domini filed more than 250 shareholder proposals at 95 different corporations.
- Domini International Social Equity Fund is featured in Kiplinger’s Personal Finance’s 2013 Annual Mutual Fund Guide as a top-performing large-company foreign stock fund.
- Domini International Social Equity Fund surpasses $200 million in net assets.
- Domini helps organize a global coalition of more than 200 institutional investors managing more than $3.1 trillion to issue a statement appealing to apparel companies to protect human rights in Bangladesh following a series of tragic factory disasters in the country.
- Amy Domini is recognized as a “Fearless Financier” by the Social Venture Network and is honored at the SVN Hall of Fame Celebration.
- Domini’s Managing Director and General Counsel, Adam Kanzer, was appointed to the Securities and Exchange Commission’s Investor Advisory Committee, created by the Dodd-Frank Act. He previously served on the SEC’s inaugural Investor Advisory Committee (June 2009-November 2010).
- Domini worked with other investors to draft a statement explaining in detail why strong enforcement of the U.S. Foreign Corrupt Practices Act (FCPA) is in the best long-term interests of investors, corporations and society. In mid-August we submitted the final statement to the Securities and Exchange Commission and the Department of Justice, on behalf of more than fifty institutional investors managing more than $3 trillion, in addition to several large investor networks.
- Domini launches Domini International Social Equity Fund Institutional shares, offering institutional clients the opportunity to take advantage of broad international diversification while encouraging corporate responsibility around the world.
- Domini is recognized as a "Leader of Change" at the 2011 Global Conference for Social Change.
- AdvisorOne names Amy Domini to its list of the most "influential, powerful, and inspiring women in ... wealth management."
- Domini files a legal brief with Montana’s Supreme Court supporting their efforts to maintain a century-old law banning corporate political contributions in the state, wrote a letter to President Obama endorsing a draft executive order that would require all companies seeking government contracts to publicly disclose their political contributions, and sent a letter to the SEC in support of a petition asking for mandatory disclosure of corporate political spending (this letter, written on behalf of a large group of institutional investors, was cited in a New York Times editorial in December 2013).
- Domini launches Domini Social Bond Fund Institutional shares, offering institutional clients a unique fixed-income strategy with a community development component.
- After a three-year engagement with Domini, Nucor, the largest steel producer in the United States and the largest buyer of Brazilian pig iron, agreed to adopt a strong set of policies to address the risk of slavery and illegal deforestation in its Brazilian supply chain.
- After a three year dialogue with Domini and other investors, Toyota Motor announced that a major trading partner had ended its joint venture with the Burmese government. This connection to the Burmese military regime was uncovered by Domini research (Toyota Motor is not currently eligible for investment by the Domini Funds).
- Amy Domini is honored by Time magazine as one of its 25 “Responsibility Pioneers” who are changing the world.
- Domini marks 15 years of shareholder activism. From 1994-2009, Domini filed 200 shareholder proposals with 83 companies and engaged in numerous long-term dialogues with corporate management on a range of social, environmental, and governance issues.
- Managing Director and General Counsel Adam Kanzer is selected to join the Securities and Exchange Commission’s newly formed Investor Advisory Committee.
- Amy Domini receives Villanova University’s 2009 Praxis Award in Professional Ethics. Recipients exemplify ethical behavior in their respective fields, promote and encourage integrity, work toward a greater good, conduct research in the field of ethics, or influence the practice of ethics through professional works or leadership.
- Ethisphere magazine names Amy Domini as one of its 100 most influential people in business ethics for 2008.
- Domini and Social Investment Forum jointly release Innovations in Social and Environmental Disclosure Outside the United States. This report, written by Domini, underscores that the U.S. markets are at risk of losing their reputation as the most transparent in the world.
- Domini helps launch the Global Network Initiative, a human rights organization representing a diverse coalition of leading information and communications technology companies (Google, Microsoft, Yahoo!), major human rights organizations, academics and investors working to protect and advance freedom of expression and privacy. The initiative was launched to address government censorship and surveillance of the Internet and telecommunication technologies in China and many other countries around the world.
- Amy Domini and Domini Managing Director Adam Kanzer are included in Directorship magazine’s list of the most influential people on corporate governance and in the boardroom.
- Domini briefs the Congressional Human Rights Caucus on what investors can do to implement policies addressing genocide and other crimes against humanity. Domini was the sole financial services representative at the hearing.
- Domini, The Walt Disney Co., McDonald’s, and other organizations release the final report of Project Kaleidoscope, a multi-year collaborative project designed to promote sustained compliance with labor standards mandated by corporate codes of conduct for supplier factories. The project was field-tested at ten factories in southern China.
- Amy Domini and Steven Lydenberg are profiled in The Difference Makers by Sandra Waddock, a book telling the stories of “visionary social and institutional entrepreneurs” who have influenced the modern corporation.
- Domini launches Domini International Social Equity Fund Class A shares, making its international equity strategy available to investors who use commission-based financial advisors.
- Domini wins Social Capitalist Award from Fast Company and Monitor Group in the first year for-profit companies are eligible. The award recognizes organizations and companies for using the tools of business to solve the world’s most pressing social problems.
- Amy Domini receives an honorary Doctor of Humane Letters degree from Yale’s Berkeley Divinity School, and delivers an address to the graduating class.
- Amy Domini publishes the first in a series of columns on social investing and related issues in Ode magazine.
- Plenty Magazine honors Domini as one of 20 companies changing the world, citing Domini’s engagement with Coca-Cola, Dell, and JPMorgan Chase.
- Domini PacAsia Social Equity Fund and Domini European PacAsia Social Equity Fund are launched.
- Domini Funds shareholders approve a new active investment strategy for the Domini Social Equity Fund and Domini Institutional Social Equity Fund, and select Wellington Management LLC as submanager.
- Domini was one of four mutual fund families rated “most activist” by The Corporate Library, a respected information resource on corporate governance, meaning we were least likely to support management, and most likely to support shareholder resolutions on corporate governance and social and environmental issues in our proxy voting.
- After discussions with Domini, Kimberly-Clark commissioned a study to evaluate the feasibility of phasing out its use of wood fiber from sources not certified by the Forest Stewardship Council (FSC). Also following discussions with us, Limited Brands, the parent company of Victoria’s Secret, agreed with the nonprofit ForestEthics that it would use more wood certified by the FSC, increase the recycled content of its paper, and reduce the use of paper in catalogs.
- Domini European Social Equity Fund, the first mutual fund for U.S. social investors devoted entirely to the stocks of European companies, is launched. The fund marks the inception of Domini’s relationship with Wellington Management LLC.
- Amy Domini is honored by the Interfaith Center on Corporate Responsibility for her “leadership and vision in socially responsible investing.”
- Domini and Christian Brothers Investment Services release Out of the Box, a 38-page report including nine guidelines to help big-box retailers address the social and environmental impact of store locations, land procurement, and leasing.
- Shareholders vote to select Seix Advisors as the new submanager of the Domini Social Bond Fund.
- Domini launches Domini Social Equity Fund Class A shares, making its flagship U.S. equity strategy available to investors who use commission-based financial advisors.
- After dialogue with social investors including Domini and led by Christian Brothers Investment Services, JPMorgan Chase announces a comprehensive new environmental policy.
- Time magazine names Amy Domini one of the world’s 100 most influential people of the year.
- Amy Domini is honored by the National Neighborhood Coalition for her work on behalf of community investing.
- Amy Domini is awarded the University of Notre Dame’s Rev. Theodore M. Hesburgh Award for Business Ethics.
- Steven D. Lydenberg publishes Corporations and the Public Interest: Guiding the Invisible Hand (Berrett-Koehler), explaining how market forces can be used to move companies away from abusive practices.
- Domini Social Bond Fund buys a $2 million piece of the first rated mortgage-backed security sponsored by the Community Reinvestment Fund, a nonprofit organization that has injected hundreds of millions of dollars into economically disadvantaged communities.
- Gap Inc. releases its first Social Responsibility Report, after two years of dialogue between the company and a coalition of socially responsible investors including Domini.
- Following months of dialogue with a shareholder coalition led by Domini and the Center for Reflection, Education and Action, Procter & Gamble helps address the plight of small coffee growers by introducing a line of Fair Trade Certified® coffee.
- Domini files an amicus (friend of the court) brief with the U.S. Supreme Court in the case of Nike v. Kasky. The brief supports San Francisco activist Marc Kasky in his effort to hold Nike accountable for its statements concerning labor conditions in overseas factories.
- Acting on rulemaking petitions from Domini and two labor unions, the SEC adopts a new rule requiring mutual funds to disclose their proxy voting policies and their actual proxy votes.
- Domini gains record high votes for several shareholder resolutions, including a 27% vote asking Household International to tie executive pay to ending predatory lending practices.
- Domini Social Investments urges SEC to mandate Proxy Voting Disclosure. The letter from Amy Domini to SEC Chairman Harvey L. Pitt states that proxy voting disclosure "should be considered a fundamental fiduciary obligation that mutual funds owe to their shareholders, and should be required as a matter of law."
- Domini Social Equity Fund celebrates 10th anniversary.
- Amy Domini publishes Socially Responsible Investing: Making a Difference and Making Money (Dearborn Trade), an investor’s guide to pursuing your personal bottom line and contributing to a just and fair society.
- To help support the worldwide growth of socially responsible investing, Domini becomes a lead sponsor and founding member of AsrIA (Association for Sustainable & Responsible Investment in Asia), a nonprofit membership association dedicated to promoting corporate responsibility and sustainable investment practices in the Asia-Pacific region.
- Domini cosponsors third annual Verite Conference in Shanghai, China, aimed at improving human and labor rights standards and eliminating sweatshops in China.
- Domini Social Bond Fund is launched, combining investment-grade bonds with a community development component.
- Domini becomes the 15th fastest growing mutual fund family in the country. 401(k)s represent 30% of asset growth, reflecting increasing demand for socially responsible options by retirement plan participants.
- In a speech to the Investment Company Institute Procedures Conference (the trade organization of the mutual fund industry), SEC Commissioner Paul Carey stated: "I am aware of at least three entities that have begun to provide voting information to shareholders on their websites. CalPERS…. the Domini Social Equity Fund…and TIAA-CREF… [I] ask that you consider whether disclosing fund voting practices or policies would be useful information for your shareholders."
- Working with Friends of the Earth, the National Wildlife Federation and the International Rivers Network, Domini opens dialogue with senior management at Merrill Lynch to discuss the incorporation of social and environmental criteria into Merrill's underwriting business.
- Domini Social Equity Fund reaches $1 billion in assets.
- Domini Social Investments LLC joins the Ceres coalition.
- Domini cosponsors Fish Tree Water Blues Concert in San Francisco, hosted by the Earthjustice Legal Defense Fund.
- Current proxy voting decisions are published on website, the first time a mutual fund manager has publicly disclosed its proxy votes. Domini challenges industry to follow suit.
- Mutual fund management and administrative services are centralized in New York City with formation of Domini Social Investments LLC.
- Domini Social Equity Fund reaches $100 million in assets.
- Domini’s first shareholder proposals on sweatshop and human rights issues are co-filed. Our proposals were filed with Atlantic Richfield, R.R. Donnelley & Sons and Johnson & Johnson.
- Intel shareholder proposal is withdrawn after the firm agrees to revise its Environmental Health and Safety Policy to include information sharing with the communities in which it operates.
- Annual publication of our Proxy Voting Guidelines and Social Screening Criteria begins.
- Domini International Social Equity Fund is launched, catering exclusively to foundations, endowments, and nonprofit organizations.
- Domini co-files its first shareholder proposal, asking Wal-Mart to publicly report its diversity data.
- Domini Social Equity Fund reaches $10 million in assets.
- Amy Domini coauthors Investing for Good (Harper-Collins), a book focusing on the manner and method of responsible investing.
- Proxy Voting Guidelines are published in the Domini Social Equity Fund’s Semi-Annual report to shareholders, one of the first times a mutual fund manager publicly reported this type of information.
- Amy Domini and Steven Lydenberg coauthor The Social Investment Almanac (Henry Holt & Co.), a handbook on socially responsible investing containing numerous articles by leaders in the field.
- The Domini Social Equity Fund is launched, becoming the first socially and environmentally screened index fund in the world (The Fund is no longer an index fund. In 2006, the Fund changed to an active management strategy).
- The Domini 400 Social Index, the first socially and environmentally screened index, is launched by Kinder, Lydenberg, Domini & Co. The Index was created by Amy Domini, Peter Kinder, and Steven Lydenberg (The Index is now known as the MSCI KLD 400 Social Index, and is owned by MSCI).
- Amy Domini coauthors Challenges of Wealth (Dow Jones Irwin, 1988) a book providing information on how to appropriately manage your money and start enjoying life.
- Amy Domini coauthors Ethical Investing (Addison-Wesley, 1984), one of the first comprehensive discussions of socially responsible investing.