Socially Responsible Investing: PAM SRI Milestones

In 2002 PAM has now grown to over 9 branches with over 50 brokers. Our Socially Responsible Investing Milestones Progressive Asset Management was founded in 1987 PAM is a founding member of Businesses for Social Responsibility and a founding member of CERES (Coalition for Environmentally Responsible Economies). In 1996 PAM received the Rainforest Action Business Network’s Friend of the Rainforest Award for its sponsorship of various shareholder resolutions. In 1998, Formed a strategic alliance with Financial West Group In April 2001, PAM and The Global Academy co-hosted the first national conference on socially responsible investing for institutional investors. It was attended by 200 trustees and financial advisors of public pension funds, unions, foundations and churches. PAM was the lead filer in a shareholder resolution against the Disney Corporation for its poor labor practices around the world, particularly in Haiti. The resolution was part of a nationwide campaign to end sweatshop practices abroad; it received 8.5% of the vote and forced Disney to negotiate changes in its policies. PAM has also filed these resolutions at other corporations: Pacific Telesis - to stop clear-cutting of old growth forests for the production of telephone books. Intel - to reduce environmental pollution at overseas plants. International Paper - to eliminate the use of chlorine in papermaking. Barnes and Noble - to protect discrimination in employee promotion Chevron - to end pollution in the San Francisco Bay.