Investors hold power for sustainable future
Serious investors need to look at the sustainability of capital and their responsibility under UNPRI. They are not serious about their ESG commitment.
Serious investors need to look at the sustainability of capital and their responsibility under UNPRI. They are not serious about their ESG commitment.
Sitting on the steps of St Paul’s Cathedral, London, looking over the sea of tents “occupying” the forecourt, I wondered what 2011 would be remembered for. Certainly this movement is highlighting that the people on the street see a disconnect between the financial and real economies. But what are pension funds doing to take action?
Responsible investment research has reached a “tipping point” in its development, says the PRI’s director of strategic development, Rob Lake, and it needs to be more closely aligned to the practical needs of front-line investors.
Jane Ambachtsheer, the partner and global head of responsible investment at Mercer, looks at the problem of investors being excluded from the development of a range of norms, codes, and conventions that seek to govern corporate behaviour.
The Ontario Teachers’ Pension Plan (OTPP) has become a signatory to the United Nations-backed Principles for Responsible Investment Initiative (PRI).
APG, one of the world’s largest institutional investors, has released a corporate governance policy in which it makes clear that the boards of companies must take sustainability, shareholder and stakeholder interests into account when making decisions.
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