History of Leadership

Walden's clients and investment professionals have been in the vanguard of the socially responsible investment movement since the 1970s. The chart below highlights some the milestones in our history.


 1975
Initiated socially responsive investment services 
 1982 Helped launch first U.S. mutual fund with anti-apartheid criteria
 1986 Filed first shareholder resolution by a mutual fund, prompting a company to negotiate in good faith with its union
 1987 Provided the expert financial testimony in the landmark Board of Trustees v. Mayor of Baltimore case that upheld the legality and financial prudence of a South Africa divestment ordinance
 1989 Founding member of Ceres, an environmental and investor coalition that advocates for corporate sustainability leadership
 1991 Launched diversified portfolio of innovative small capitalization companies
 1992 Launched Just Vote No - voting against boards of directors without people of color or women, a practice later adopted by many other SRI firms
 1993 Joined legal action against U.S. Securities and Exchange Commission that stopped the SEC from barring shareholder proposals based on anti-discrimination and other employment issues 
 1994 Testified before the U.S. President's Glass Ceiling Commission in favor of full corporate disclosure of diversity information, the only investment manager to do so 
 1996 Established community economic development investment service 
 1999 Began managing fossil fuel free portfolios
 2000 Filed a shareholder resolution at an international company (U.K.) asking a global energy company to commit to preserving the U.S. Arctic National Wildlife Refuge 
 2002 Convinced 40% of retail pharmacies to phase out mercury thermometers; won majority of shareholder votes for the first time on a resolution calling for a leading technology firm to increase board independence 
 2004 Concluded multi-year campaign that garnered majority shareholder support and convinced a large personal care manufacturer to adopt a policy of annual election of directors 
 2006 Received the Eleanor Roosevelt Human Rights Award from the workers' rights advocacy organization American Rights at Work in recognition of research and engagement supporting workers' rights 
 2007 Testified at a hearing held by the U.S. House Committee on Financial Services representing Walden and the Social Investment Forum (now US SIF)
 2009  Initiated Boston Trust's first company-wide corporate social responsibility report
 2010  Led Say on Pay initiative to increase accountability on executive compensation, which culminated in a new SEC mandate 
 2014 Successfully encouraged over many years 50 Fortune 500® companies to adopt EEO policies inclusive of LGBT
 2015 - Present Spearheading campaign to align corporate goals on greenhouse gases with climate science; urging greater oversight and transparency on lobbying and political spending by companies