trustees pinpoint social issuesMarch 2003
Over a third of UK pension fund trustees believe the social and environmental performance of companies will have a significant impact on the market value of the FTSE 100 in five to ten years.
A survey of 101 member-nominated trustees of pension funds found that of issues related to social and environmental performance, ‘quality of consumer relations’ was pinpointed by 42 per cent as likely to have a substantial impact within five to ten years. Other areas trustees felt would become more important over the same period were: ‘good employee practices’ (30 per cent), ‘communication on social and environmental practices’ (23) and environmental management (20).
The survey by the UK Social Investment Forum in association with Ashridge business school and the Trades Union Congress also found that 79 per cent of respondents said their funds had sought advice from an investment consultant on CSR and SRI issues.
Nine out of ten thought companies did not provide enough social and environmental information for ‘investment decisions to be analyzed’.
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