Calvert Group is a Socially Responsible Investor Free Essay, Term Paper and Book Report
Calvert Group is a Socially Responsible Investor
Milton Friedman wrote in 1970 the one and only social responsibility of a firm is to use its resources and engage in activities designed to increase its profits (Wheelen & Hunger, 2004, p. 37). Archie Carroll states a company must also fulfill ethical and discretionary responsibilities: their social responsibility. Socially responsible companies must consider their overall impact on their environment and their communities, and strive to maintain a healthy balance between the needs of all of their stakeholders and their bottom lines. The Calvert Group, a mutual fund company, invests in socially responsible companies, and has been a leader in the field for nearly thirty years. Today, more and more consumers want to know how a company does business. Consumers are concerned with how the products are made and the employees are treated. A firms social responsibility is perceived as part of the value of their product or service. For The Calvert Group, companies must meet rigorous standards for both financial and social performance......
Word Count: 599
Page Count: 2.3 (250 words a page / double spaced)
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