ING puts human rights to foreJanuary 2003
Investment management firm ING is to take more account of human rights issues in its investment portfolio this year.
The Dutch asset manager, which manages $300billion (£191bn) in assets for pension funds worldwide, says it will produce a human rights policy statement to let investors know where it stands.
‘We’re going to address specific human rights issues in 2003,’ said Angelien Kemna, ING’s chief investment officer. ‘We’re also in the process of refining our business principles to take more account of human rights.’
Kemna said ING had decided to adopt socially responsible investment principles across a wider spread of ING’s portfolio. ‘Less than one per cent of our total investments under management are on an SRI basis, and that is effectively zilch,’ she said.
ING, which has around 110,000 employees in 65 countries, created a Sustainable Equity Investment product for clients three years ago, backed by a stand-alone sustainable investment team of three investment managers. The unit analyzes more than 1500 companies around the world.
Already a member? click here to login