SOCIALLY RESPONSIBLE INVESTING APACHE CORPORATION (APA) CLIFFS NATURAL RESOURCES (CLF) FIRST CASH...
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Transcript of SOCIALLY RESPONSIBLE INVESTING APACHE CORPORATION (APA) CLIFFS NATURAL RESOURCES (CLF) FIRST CASH...
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 )
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
RUBRIC CONTINUED…
Environment Pollution Control/Recycling/Proper Management
Product Quality/Fairness/Non-Monopolistic/Law-Abiding
OtherLaw-Abiding (Taxes)/Management Fair Wage
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
GRADING SCALE FROM RUBRIC
We used a grading scale from 1-51 being very poor3 being neutral5 being excellent
Apache Corporation- 4Background One of US biggest oil companies Involved with 6 different countries Included on Ave Maria Mutual Fund
CHARITYApache Corporation Environmental Matching employee donations Employee volunteering Corporate Grants 3/5 for Charity
Diversity- 1 Board of Directors only one women and
one cultural difference
Chansoo Joung
Patricia Albjerg Graham
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.
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.
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
Product- 3 There products include and resource
that can be produced from oil As you probably know they are an oil
drilling company
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
OV E RA L L C O M PA N Y RA N K I N G : 4
FIRST CASH FINANCIAL SERVICES, INC.
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
CHARITYFIRST CASH FINANCIAL SERVICES
• Community Development
• Support the poor
• Equal opportunity
• 2/5 for Charity
DIVERSITY
• Board of Directors• ~1/4 Diverse
• Equal Opportunity Employer• Overall Ranking: 4
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
ENVIRONMENT
• Not directly involved with pollution• Possible problems with recycling • Especially outside of U.S.
• Overall Ranking: 3 (Neutral)
PRODUCT
• Product is priority• Help economically disadvantaged• Not a monopoly• Overall Ranking: 5
OTHER
• Executive Compensation has lots of elements• 2009 Compensation for CEO was 1.7 million total
• Overall Ranking: 5
EXCLUSIONARY SCREENS
• Haven’t found any direct involvement in any:• Tobacco• Alcohol• Nuclear Energy• Gambling• Military• Abortion• Contraceptives• Sweat Shops• Obesity
• Overall Ranking: 5
CLIFF NATURAL RESOURCES
CLF
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
CHARITYCliffs Natural Resources
Education Gift matching Helping the less fortunate Helping cultural institutions 4/5 for Charity
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
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
Environment
Going beyond compliance Anticipating and addressing potential
impacts before they occur Personal accountability Operating to preserve the
environment for future generations.
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
proxy
Vote on CEO pay By doubling amount of stock available Frequency of CEO pay Voting on BoD Vote on accounting firm
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
Bibliography
“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>.
Continued…
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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