Long before the UN PRI was launched, Heartland’s books documented and broadcast the truism that the long-term interests of the beneficiaries of workers’ capital are well served through a "worker-owner" view of the economy. Heartland’s achievements were made possible by bringing together an open source, cross-border dialogue and debate to brainstorm the most responsible ways that our money should be invested.
Heartland’s books made a number of important contributions to the responsible investment movement, such as reporting the advances made by those capital stewards and investment managers who profitably invested in companies and projects that created good jobs and helped rebuild communities. For over a decade, we have focused on environmentally responsible investing paths; more recently, we’ve tracked the emerging Third Wave of responsible investments. As such, our books have been widely utilized by pension trustees and other institutional interests for educational purposes.
Our friends have expanded on the themes that we raised, particularly the practicality of stakeholder investments, the wisdom of long-term investment strategies, and the irresponsibility of “collateral damage” investments.
Our books/book chapters and those of our friends, are showcased below.
Up from Wall Street: The Responsible Investment Alternative (2009, Cosimo)
By Thomas Croft
Forward by Richard L. Trumka, President, AFL-CIO
In 2008, as working Americans and retirees watched trillions of dollars vanish before our eyes, enveloped in the crash and burn of Wall Street's bottom line, we awake searching for answers and alternatives to the reckless loans and dicey short-term bets that ravaged savings and retirement assets.
The Next Generation of Responsible Investing (2011, Springer)
Tessa Hebb: Editor
Advances in Business Ethics Research I
Series Editors: Deborah C. Poff - Alex C. Michalos
In the face of the recent financial crisis there is increased focus on long-term investment strategies. This is particularly true for institutional investors who manage our retirement savings. Simultaneously there is increased demand that financial assets be invested with an understanding of long-term environmental and social sustainability.
Working Capital: The Power of Labor’s Capital (2001, Cornell University Press)
Edited by Archon Fung, Tessa Hebb and Joel Rogers
Foreword by Leo W. Gerard, International President, United Steelworkers
U.S. pension funds are now worth more than $7 trillion. Many analysts believe that the most important task for the labor movement is to harness their share of this capital and develop strategies that help, rather than hurt, workers and unions. Working Capital challenges money managers and today’s labor movement by asking how workers’ hard-earned savings can be put to use in socially and economically progressive ways.
Targeted Responsible Investing
By Thomas Croft
A Chapter in the Forthcoming The Next Generation of Responsible Investing
Edited by Tessa Hebb. (2011, Springer Publishing)
Collaboration Between Labor, Academics and Community Activists to Advance Labor/ Capital Strategies: The Origins of Heartland Network*
By Thomas Croft and Tessa Hebb
A chapter in Money on the Line: Workers’ Capital in Canada (2003, Canadian Centre for Policy Alternatives), Isla Carmichael and Jack Quarter, editors.