Calvert Group CEO to speak at 2005 Weatherhead Graduation
In keeping with its goal to become the world’s leading center for socially responsible business management practices and teaching strategies, Case Western Reserve University’s Weatherhead School of Management will host the leader of the nation’s largest family of socially responsible mutual funds as its 2005 Commencement speaker.
Barbara J. Krumsiek, president, CEO and co-chairperson of the Calvert Group, Ltd., the Bethesda, Md., based company known for offering the largest family of mutual funds of its kind and award winning tax-free investment products, will address this year’s Weatherhead graduates on May 15, at Veale Athletic and Recreation Center at 4 p.m.
Named to the Advisory Council of the United Nations Global Compact in January 2002, Krumsiek has been recognized as a leader in socially responsible and tax free investing. The Calvert Group, which manages over $8.4 billion among both screened and non-screened portfolios, was ranked as the fourth-best performing mutual fund family of 2001 by Barron’s and its Calvert Social Investment Fund (CSIF) Equity Portfolio was listed in Business Ethics Magazine’s Fourth Annual Social Investing Awards survey.
The Calvert Group conducts a series of social screens on companies before selecting them for its portfolios and compiles the Calvert Social Index TM, a benchmark measuring the performance of large, U.S.-based companies working towards world benefit through business. Its CSIF was the first mutual fund to take a stand against the practice of apartheid in South Africa; the first to create a social venture capital program that invests in young, solutions-oriented companies; and the first to invest a small portion of its assets in communities and much more. In the spirit of practicing what she preaches, Krumsiek has instituted a company-wide recycling program, a community outreach program, and innovative opportunities and flexible benefits for employees at Calvert. In 1993 her company was recognized bye Working Mother magazine as one of the “100 Best Companies for Working Mothers.”
In May 2002, Krumsiek was awarded an Honorary Doctor of Humane Letters by Georgetown University, citing her work in advancing the critical dialogue regarding the role of business in society.