Tuesday, October 11, 2011

SRI policies take off at European pension funds

A majority of European corporate pension funds have a socially responsible investment (SRI) policy in place, according to a survey by the European Sustainable Investment Forum (Eurosif).

The survey found 56% of funds have such a policy in place, based on 169 responses from funds in 12 member states. Of the remaining funds, around a quarter expect to put such a policy in place in the next year.

Meanwhile 66% of funds feel that having an SRI policy is part of their fiduciary duty and 60% of funds feel that environmental, social and governance (ESG) factors influence their long-term performance.

Read more at Eurosif

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