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Progressive Asset Management's Initiatives
During its fifteen-year life, PAM has undertaken many unique initiatives. For example, PAM has:
- Offered the first low-income housing tax credit investments in California. (1988)
- Initiated the 'IRA That Cares,' benefiting the San Francisco AIDS Foundation. (1988)
- Broke the story nationally that a number of 'environmental' mutual funds included major polluters. (1989)
- Collaborated with Merrill Lynch to launch the first environmentally screened unit investment trust offered by a major brokerage house. (1990)
- Helped establish Sustainable Systems, Inc., (1993), co-developer of business incubators and co-coordinator of international conferences on building a sustainable economy.
- Sponsored the 'Lavender Screen' to assess corporate employment discrimination based on sexual orientation. (1993)
- Promoted passage of selective purchasing ordinances in Berkeley, Oakland, San Francisco, and Alameda County boycotting firms doing business with the dictatorship in Burma. (1995-1996)
- Provided leadership in relation to tobacco divestment in Massachusetts and California. (1997)
- Assisted in launching Oakland’s sustainable development initiative and in coordinating sustainability initiatives taking place throughout the San Francisco Bay Area. (1997)
- Joined in organizing Businesses and Social Responsibility: The Americas, a conference to launch a hemispheric socially responsible business organization. (1997)
- Began offering in conjunction with the Calvert Foundation the Progressive Asset Management Social Notes (1999)
PAM retains a deep commitment to continue to undertake carefully considered initiatives that put the power of the share to work for economic, social, and ecological justice.
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