Ethical Performance
inside intelligence for responsible business
 

news

funds will have to state aims

April 2003

Managers of socially responsible investment funds in Europe will have to publicly state their main environmental and social aims under a draft accreditation standard put forward by the European Sustainable and Responsible Investment Forum.

The draft says they must also state how those aims are reflected in their decision making and what expertise they have to make those decisions.

Eurosif is developing the voluntary standard with European Commission funding in a bid to improve the transparency of SRI funds (EP4, issue 7).

The draft contains 40 questions that Eurosif believes socially responsible investment fund managers should answer each year so clients can be clear about the methods being used.

It says they should tell customers their sources of non-financial research, the methodologies used for collecting and analyzing data, and whether their research providers work to external quality standards.

After consultation, Eurosif will pilot the guidelines this summer.




BBMG1

3BL Media News
Membership
Sign up for Free e-news
Report Alerts
Job Vacancies
eNews
Events Updates
Best Practice Newsletter