Calvert Group, a U.S. mutual fund company known for socially and environmentally responsible investing, announced yesterday that it is launching the first-ever socially screened fund investing in technology companies. The fund will avoid investing in companies that don’t meet Calvert’s standards in the areas of labor issues, human rights, product safety, and the environment, including considerations about waste disposal and harmful byproducts from the making of semiconductors. "There are a lot of problems with the environment in the semiconductor industry in particular," said Julie Gorte, a research analyst at Calvert.
