Zevin Views
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Zevin Views

Testifying for responsible investment in Boston

Zevin Asset Management calls for divestment from private prison companies, fossil fuels, defense companies

Pat Miguel Tomaino (left) testified on a panel of socially responsible investing experts.
  • An RBC study comparing the performance of screened SRI indices with conventional indices found that socially responsible investing does not result in lower investment returns. RBC said: “This is an important finding because it provides support to individual investors and trustees of institutional funds that they can pursue a program of socially responsible investing with the expectation that investment returns will be similar to traditional investment options.” (http://funds.rbcgam.com/_assets-custom/pdf/RBC-GAM-does-SRI-hurt-investment-returns.pdf)
  • A TIAA analysis of leading SRI equity indices in 2017 found no statistical difference in returns compared to broad market benchmarks, which, to them, suggested no systematic performance penalty for SRI. (https://www.tiaa.org/public/pdf/ri_delivering_competitive_performance.pdf)
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Pat Miguel Tomaino

Socialist he/him in Boston. Significant stints & projects at @ZevinAssetMgmt , @RadioOpenSource , @1199SEIU , @EWarren , @BMOGAM_UK