Monday, June 26, 2006

New ethical investment initiative - growing trend - expect more of these soon

Financial institutions managing $2 trillion in assets have launched The Principles of Ethical Investment, designed in partnership with the UN.  32 pension funds, foundations and government funds have joined the scheme.

The six principles include environmental, social and corporate governance, becoming more active investors, seeking greater transparency, pooling resources and reporting on progress.

While it is easy to criticise such  principles as vague the important thing is to recognise the trend which is sharply moving towards ethical concerns, and is being driven by investors who are making it clear that they expect the highest ethical standards without compromising financial returns.

Meanwhile the amount invested in so-called ethical funds has leapt from $200m in 1989 to over $5bn by 2006.

For more on Building a Better Business – see:

 

http://www.globalchange.com/buildingabetterbusiness.htm

 

 

 

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