Amy Domini Wins Notre Dame's Hesburgh Award for Business EthicsFounder and CEO of Domini Social Investments Honored as Social Investing Pioneer
New York, NY – Amy Domini, founder and CEO of Domini Social Investments, was awarded Notre Dame University’s Rev. Theodore M. Hesburgh Award for Business Ethics yesterday. The award was presented by Father Hesburgh, Notre Dame’s president emeritus.
“I am pleased and honored to be recognized by Notre Dame,” Ms. Domini said. “I have dedicated myself for over 20 years to helping overcome the barriers that prevent people from investing with their values. The Hesburgh Award is an important recognition of the prominence of social investing and its importance as an essential tool to bring about a better future.”
The Domini 400 Social Index was created by Amy Domini and colleagues to determine whether social investing could perform as well as conventional investing. Morningstar calls the Domini Social Equity Fund, whose portfolio is based on this index, “a fine core holding for socially conscious investors.”*
About Amy Domini
Ms. Domini’s involvement in social investing began in 1980 when she was working as a stockbroker. One of her clients, an avid birdwatcher, was uncomfortable investing in a paper company that used a highly toxic defoliant that endangered birds. Other investors wanted to avoid the stocks of tobacco companies and defense contractors.
Ms. Domini soon became a passionate proponent of socially responsible investing. In 1990, she and her colleagues introduced the Domini 400 Social Index, an index of 400 primarily large-cap U.S. corporations selected according to a wide range of social and environmental criteria. Over time, the index provided a track record that demonstrated that it is possible to achieve competitive returns while incorporating social and environmental standards into the investment process. Ms. Domini then founded the Domini Social Equity Fund and later launched Domini Social Investments.
Ms. Domini serves on the board of the Church Pension Fund of the Episcopal Church in America. She is a past board member of the National Association of Community Development Loan Funds, an organization whose members work to create funds for grassroots economic development loans, and the Interfaith Center on Corporate Responsibility, the major sponsor of shareholder actions. She is a member of the Boston Security Analysts Society.
About Domini Social Investments
Domini Social Investments manages more than $1.8 billion in assets for individual and institutional mutual fund investors seeking to create positive change in society by integrating social and environmental criteria into their investment decisions. Its flagship fund, the Domini Social Equity Fund (NASDQ: DSEFX), is the first and largest index fund to use social, environmental, and corporate governance standards. The Fund seeks to include companies with positive records in community involvement, the environment, diversity, and employee relations, and excludes companies deriving significant revenues from alcohol, tobacco, gambling, nuclear power, and weapons contracting. In addition to the Domini Social Equity Fund, the company also offers the intermediate-term Domini Social Bond Fund (NASDQ: DSBFX) and an FDIC-insured money market account (in partnership with ShoreBank), both of which focus on community economic development.
Additional information on Domini Social Investments is available on the firm’s website,www.domini.com. Domini’s Proxy Voting Guidelines & Procedures booklet is also available free of charge by calling 1-800-762-6814.
*Source: Morningstar: “Morningstar’s Take”, Analyst Report dated February 16, 2005.