NEW YORK -- At a recent news conference held here, Calvert, a socially responsible investment management firm headquartered in Bethesda, Md., unveiled new corporate guidelines it created for the proper ethical and moral treatment of women workers. The news event was co-sponsored by Calvert and the United Nations Development Fund for Women (UNIFEM), which provides financial and technical support for the enhancement of women's rights.

Created by Calvert after two years by consulting with dozens of organizations, "The Calvert Women's Principles" represent the world's first formalized corporate code of conduct for the fair treatment of women. The seven core principles compel both private and publicly traded companies worldwide to adopt employment policies addressing fair and equal wages, training and professional development programs, hiring and promotional opportunities for women and policies designed to ensure women's health and safety in the workplace.

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