Calvert Will Introduce First Socially-Screened Technology Fund
August 14, 2000
Calvert Group of Bethesda, Md. filed with the SEC Aug. 4 to offer the Calvert Social Investment Fund Technology Portfolio.
Calvert will be the first fund company to offer a socially-screened technology fund, said Barbara Krumsiek, Calvert's president and chief executive officer, in a statement.
The Calvert Social Investment Fund Technology Portfolio will only invest in companies that comply with a series of screens based on social issues.
The fund's social screens are designed to prevent investments in technology firms that harm the environment, do not have progressive workplace policies or offer unsafe products or services, including tobacco and alcohol. Calvert also screens out companies that are involved in military weapons contracting or that have poor records on issues pertaining to human rights and indigenous peoples' rights.
The firm offers 25 other funds, 16 of which are socially screened.