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Terry Mollner
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Terry Mollner is one of the pioneers of socially responsible business and investing. In the late 1970s, he brought together fifteen leaders from the social, environmental, and labor communities. Meeting monthly for eighteen months, he guided them in writing one of the first comprehensive set of social screens for business and investing. In 1982, Wayne Silby, a member of that group and President of the Calvert Group that managed some of the first money market funds, invited Terry to join him and his partner, John Guffey, to create the Calvert Funds, the first family of socially responsible equity and bond mutual funds. Today, the Calvert Group is the largest family of such funds with $12 billion under management. Terry took the lead to create the Calvert Foundation that today has $550 million under management. It issues Community Investment Notes where the investor chooses an interest rate between zero and two percent. It loans the capital to programs around the world that then loan it locally to reduce poverty via microloan programs, social enterprises, cooperatives, and low income housing projects. When Ben & Jerry’s needed to be bought by a multinational to solve its growing distribution demands, Terry took the lead to save it from being bought by one multinational and worked with the board to have it bought by another more socially responsible multinational where the board remained in existence and self-perpetuating with him on it. The board maintained ownership of “the social mission and brand integrity.” It is the only socially responsible company to have made such an arrangement when being bought. He is also a founder and chair of StakeHolders Capital, a socially responsible asset management firm in Amherst, MA, New York City, and Los Angeles. It is the founder of “the common good investment movement” where the focus is on the highest priority of companies, calling on them to publicly declare that their highest priority is the common good and second priority is anything else. He has two children, one grandchild, and is the founder of three intentional communities of friends experimenting with re-villaging our lives in a modern context. He is the author of many articles, especially on the Mondragon Cooperatives in the Basque region of northern Spain – cooperatives that give priority to the common good. His recent book, The Love Skill: We Are Each Mastering the 7 Layers of Human Maturity, argues that the next major maturation of the human species will be the result of “a common good movement” where it will be recognized that, whether or not we are aware of it, by nature we all always give priority to what we believe is the common good. His primary base is the Trusteeship Institute that he founded in 1973 and where he continues as its chair and Executive Director. Its mission is to build the common good movement.

Entries by Terry Mollner

Common Good Capitalism to Emerge Via Voluntary Movement in the Private Sector

(3) Comments | Posted March 21, 2014 | 4:44 PM

I grew up in Saint Joseph's Parish in South Omaha, Nebraska. We were an Austrian village transplanted into the USA; nearly everyone had come from a small peasant village named Apetlone. The old people still spoke the old language and all the local businesses did business with each other in...

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The Differences Among Socially Responsible, Impact, and Common Good Investing: The Latter Is the Future of All Investing

(0) Comments | Posted November 6, 2013 | 11:26 AM

I was one of the founders of our modern methods of both socially responsible and impact investing. In 1982, the Calvert Socially Responsible Mutual Funds, of which I was one of the founders, was the first family of such funds and today the Calvert Group has over $12 billion under...

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Eleanor Roosevelt and Syria

(13) Comments | Posted September 15, 2013 | 3:21 PM

I have learned that what is always most important in self-conscious activity, whether in conversation with others or myself, is my priority. It determines what I do with everything else.

Today I think one of the highest priorities of nearly all of us on Earth is to mature into resolving...

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A More Mature Approach to Syria

(1) Comments | Posted September 5, 2013 | 3:34 PM

I would like to suggest a more mature approach to the Syria crisis than what is being contemplated.

When we, the U.S., had successfully invented the atomic bomb, a group of very prominent scientists sent a letter to President Truman. They suggested that rather than using it, the generals invites...

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Who Would Most Want the Price of Gold to Go Down? The Fed.

(29) Comments | Posted April 26, 2013 | 1:15 PM

I am not a conspiracy theorist. I am a Gandhian. I believe that by nature the highest priority of all people is the common good, as they each understand it.

I believe the universe is an indivisible whole: no one has found the beginning, end, or edge of it...

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Some New Ideas for the Davos Crowd

(6) Comments | Posted March 18, 2013 | 8:17 PM

Can the world's most powerful CEOs, beholden as they are to tradition, the profit demands of shareholders and Wall Street financial analysts, embrace the concept of the common good and lead their companies in a more people and earth-friendly way?

I believe they can, especially as the global marketplace evolves....

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