ICGN was established as an investor-led network to promote “the highest standards of corporate governance and investor stewardship worldwide in pursuit of long-term value creation, contributing to sustainable economies, societies, and the environment”.
Earth Summit held in Rio de Janeiro
Representatives from 179 countries attended the UN Conference and Environment and Development – often referred to as the “Earth Summit” – to discuss global sustainability. Accomplishments of the Conference included: Agenda 21, calling for new strategies of investment to achieve
Sweden becomes the first country to enact a carbon tax
Domini 400 Social Index Launched by KLD
KLD, a firm founded in Boston in 1989 by Peter Kinder, Steve Lydenberg and Amy Domini, launched the Domini 400 Social Index, the first capitalization-weighted index to track sustainable investments. The index is now the MSCI KLD 400 Social Index.
Ceres founded in Boston
In the wake of the Exxon Valdez oil spill, Joan Bavaria gathered a group of investors and environmentalists to establish Ceres, the Coalition of Environmentally Responsible Economies.