Calvert Research and Management, established in 1976, is an investment management company that is headquartered in

Washington, DC ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morg ...

, and led by John Streur, the firm's President and Chief Executive Officer. Calvert is one of the largest responsible investment companies in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

Timeline

*1976: Calvert's co-founders, Wayne Silby and John Guffey, launched the first variable rate fund in the US before later introducing the Calvert Social Investment Fund (CSIF) in 1982. *1982: the Calvert Social Investment Fund (CSIF) was the first

mutual fund A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICA ...

to oppose

Apartheid Apartheid (, especially South African English: , ; , "aparthood") was a system of institutionalised racial segregation that existed in South Africa and South West Africa (now Namibia) from 1948 to the early 1990s. Apartheid was ...

, and then one of the first groups to reinvest in free

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring coun ...

in 1994. *1986: Calvert became one of the first mutual fund groups to sponsor a shareholder resolution. Calvert filed with the Angelica Corporation, identifying potential financial impact of labor management issue. *1988: Calvert Investments founded the Calvert Foundation, a separate 501(c)(3) nonprofit. The goal of the foundation is to invest directly in underserved communities. *1992: Calvert launched World Values Fund (today called the Calvert International Equity Fund) the first International SRI mutual fund. *1992: Calvert started a Special Equities Program for high impact social ventures. At the time, this program was one of the first of its kind in the responsible investing field. *1998: Calvert pursued an advisory opinion from the

U.S. Department of Labor The United States Department of Labor (DOL) is one of the United States federal executive departments, executive departments of the federal government of the United States, U.S. federal government. It is responsible for the administration of fede ...

in support of the inclusion of sustainable and responsible investment options in defined contribution plans. In a letter to Calvert, the Department of Labor stated that it believes sustainable and responsible investment options are not inconsistent with fiduciary standards. *2000: Calvert introduced The Calvert Social Index (renamed Calvert US Large Cap Core Responsible Index in June 2015), which is an unmanaged index that measures the performance of large, U.S.-based sustainable and responsible companies. *2007: Calvert began expanding the number of investment strategies offered that addressed global sustainability challenges through favorable investment opportunities . In 2007, Calvert created the Global Alternative Energy Fund, an actively managed SRI fund, renamed Calvert Global Energy Solutions Fund in 2015. The Global Water Fund followed in 2008, and in 2011, Calvert launched the Emerging Markets Equity Fund. *2013: Calvert expanded its fixed-income mutual funds with the launch of Calvert Green Bond Fund. *2014: John Streur was selected as Calvert's next CEO. *2015: Calvert launched the Principles for Responsible Investment, which the firm uses to guide investment decisions, balancing a commitment to the needs of financial and non-financial stakeholders. Calvert's passive indices include companies on the basis of these principles and the results of a comprehensive research system, while Calvert's active investment strategies give priority to the principles as they seek superior risk adjusted financial returns relative to market benchmarks. In conjunction with the Principles for Responsible Investment, Calvert's research system developed an innovative, new method by coupling increasingly available ESG data and classic

financial analysis Financial analysis (also known as financial statement analysis, accounting analysis, or analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. It is performed by prof ...

. The Calvert Research System allows the firm to quantitatively rate and rank companies both inside their respective industry and across the entire investment universe in absolute terms. *2017: Calvert Investment Management (CIM) was purchased by

Eaton Vance Eaton Vance Corp. is an American investment management firm based in Boston, Massachusetts. It is one of the oldest investment companies in the United States, with a history dating back to 1924. Through five primary investment affiliates, Eaton ...

and replaced with Calvert Research and Management (CRM).

The Calvert Foundation

The Calvert Foundation was founded in 1988 and is a

Community Development Financial Institution A community development financial institution (US) or community development finance institution (UK) - abbreviated in both cases to CDFI - is a financial institution that provides credit and financial services to underserved markets and populations, ...

(CDFI). Though the Calvert Foundation has a close relationship with Calvert Investments, the Foundation is a legally separate organization with its own operations and mission. Today, the Calvert Foundation works in approximately 80 countries in varied sectors such as

affordable housing Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index. Most of the literature on af ...

development,

microfinance Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings ...

, women's empowerment, fair trade and sustainable agriculture.

References

{{DEFAULTSORT:Calvert Research and Management Financial services companies established in 1976 Investment management companies of the United States Ethical investment 2017 mergers and acquisitions