socially responsible investing apache corporation (apa) cliffs natural resources (clf) first cash...
TRANSCRIPT
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SOCIALL
Y RESPO
NSIBLE
INVESTI
NG
APAC
HE C
OR
PORAT I O
N (
APA
)
CL I F
F S NAT U
RAL R
E S OU
RCE S (
CL F )
F I RS T C
AS H
FI N
AN
CI A
L SE RV
I CE S
( FC
F S )
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RUBRIC (CONDENSED)
Community Charity
Diversity Equal OpportunityBoard of Directors- 1/3 of the directors are a minority or women
Employee Relations Employee Involvement- Communication/Benefits/Safety
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RUBRIC CONTINUED…
Environment Pollution Control/Recycling/Proper Management
Product Quality/Fairness/Non-Monopolistic/Law-Abiding
OtherLaw-Abiding (Taxes)/Management Fair Wage
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RUBRIC CONTINUED…
Exclusionary Screens Tobacco Alcohol Nuclear Energy Gambling Military Abortion Contraceptives Sweat shop Obesity
Percentage of involvement if possible to determine will be taken in to account
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GRADING SCALE FROM RUBRIC
We used a grading scale from 1-51 being very poor3 being neutral5 being excellent
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Apache Corporation- 4Background One of US biggest oil companies Involved with 6 different countries Included on Ave Maria Mutual Fund
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CHARITYApache Corporation Environmental Matching employee donations Employee volunteering Corporate Grants 3/5 for Charity
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Diversity- 1 Board of Directors only one women and
one cultural difference
Chansoo Joung
Patricia Albjerg Graham
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Diversity- 1 Top management only 4 women out 33
positions from CEO to staff officers. In careers section of their website they
claim that their workforce is diverse.
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Employee Relations- 5 “Safety is not a negotiable and will not
be compromised.” –Apache They offer a wide variety benefits from
health care and insurance to time off and retirement plans.
Have chance to earn compensation for hard work and performance.
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Environment- 4 Being an oil company and having to drill
would seem negative They make strong efforts to reduce
impact of greenhouse gases Search for alternative resources and
replacement of harmful equipment
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Product- 3 There products include and resource
that can be produced from oil As you probably know they are an oil
drilling company
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Exclusionary Screens- 5 Apache doesn’t have operations in any
of the motioned categories If they do its small and unrecognizable There still are a oil company that drills
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OV E RA L L C O M PA N Y RA N K I N G : 4
FIRST CASH FINANCIAL SERVICES, INC.
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COMPANY INFO
• Founded in 1988 • Principal office in Arlington, TX• Operations in U.S. and Mexico
• Financial Services Company:• Short-term loans through pawning• Check cashing• Credit Services
• Found in:• Russell 2000 Index• S&P Small Cap 600 Index• LKCM Aquinas Small Cap Fund
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CHARITYFIRST CASH FINANCIAL SERVICES
• Community Development
• Support the poor
• Equal opportunity
• 2/5 for Charity
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DIVERSITY
• Board of Directors• ~1/4 Diverse
• Equal Opportunity Employer• Overall Ranking: 4
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EMPLOYEE RELATIONS
• Strengths:• Employees involved in workplace• Employee discounts and benefit packages
• Concerns:• Possible unsafe working environment• No defined pension plan except for 401(K)
• Overall Ranking: 2
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ENVIRONMENT
• Not directly involved with pollution• Possible problems with recycling • Especially outside of U.S.
• Overall Ranking: 3 (Neutral)
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PRODUCT
• Product is priority• Help economically disadvantaged• Not a monopoly• Overall Ranking: 5
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OTHER
• Executive Compensation has lots of elements• 2009 Compensation for CEO was 1.7 million total
• Overall Ranking: 5
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EXCLUSIONARY SCREENS
• Haven’t found any direct involvement in any:• Tobacco• Alcohol• Nuclear Energy• Gambling• Military• Abortion• Contraceptives• Sweat Shops• Obesity
• Overall Ranking: 5
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CLIFF NATURAL RESOURCES
CLF
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Background
164 years company -1847 Cleveland, Ohio Specializes in the mining of iron ore and
the mining of coal Does business in US, Canada, Australia,
and Brazil On the NYSE- S&P 500 (standard and
poor) 4,000 employees
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CHARITYCliffs Natural Resources
Education Gift matching Helping the less fortunate Helping cultural institutions 4/5 for Charity
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Diversity
CFO is a woman 3/12 board members are women 11/12 are independent members not
related with co. (CEO) Others are CEO of other co, prof at Yale,
or retired
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Employee Relations
Co does a pay mix program where there are 3 ways to pay the top employees
Base salary, annual incentives, and long-term incentives
Good 401K plan for all employees 100% match hours CEO=5.5M other 4 important members
are around 2M
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Environment
Going beyond compliance Anticipating and addressing potential
impacts before they occur Personal accountability Operating to preserve the
environment for future generations.
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Product
Even though they are a mining company that contributes to greenhouse gases they go beyond compliance
CLF’s produces fair products in a non-monopolistic market place
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proxy
Vote on CEO pay By doubling amount of stock available Frequency of CEO pay Voting on BoD Vote on accounting firm
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Cliffs Natural Resources. Annual Report, 2010 Web. 11/20/2011
Cliffs Natural Resources. Sustainability report, 2010 Web. 11/20/11
Wood, Kerry. “Observation Trail and Recreation site” "Journal
of Park & Recreation Administration. Article. 2006. 11/20/11"Cliffs Outlines Base Case For Ontario Chromite Project."
Engineering & Mining Journal (00958948) 212.2 (2011): 4-5. Academic Search Complete. Web. 20 Nov. 2011.
“Vision.” Apachecorp.com. Apache, 2011. Web. 15 Nov. 2011.
http://www.apachecorp.com/Resources/Upload/Sustainability/vision/index.html
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“Oil Stock Investors Hit a Gusher, Can it Last?” ChicagoTribune.com. Chicago Tribune Business, 2006. Web. 17 Nov. 2011. <http://www.chicagotribune.com/business/sns-yourmoney-0416watch,0,6324988.story>
Orr, Douglas. "First Cash Financial Services, Inc. - Form DEF 14A." Edgar Online. Edgar Online, 30 Apr 2010. Web. 30 Nov 2011. <http://idc.api.edgar-online.com/efx_dll/edgarpro.dll?FetchFilingConvPDF1?SessionID=OEzCHxlAeZc_YIS&ID=7215938>.
First Cash Financial Services, Inc.. First Cash Financial Services, Inc. , 2007. Web. 16 Nov 2011. <www.firstcash.com>.
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Orr, R. Douglas. "2010 Form 10-K." First Cash. N.p., 25 Feb 2011. Web. 19 Nov 2011. <https://materials.proxyvote.com/Approved/31942D/20110425/10K_87570/HTML2/default.htm>.
Gastaldo, Evann. "In 2010, Average CEO pay was...." Newser - Read Less Know More. Newser, LLC. , 10 Apr 2011. Web. 01 Dec 2011. <http://www.newser.com/story/116050/executive-pay-in-2010-average-ceo-compensation-was-96m.html>.
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