200 analysts hear firms’ stories on CSRJuly 2003
Sixteen large European companies gathered in Paris last month to present details of their ethical performance to 200 investment analysts.
The gathering was hailed as a groundbreaking event by its organizers, the Paris-based French social investment forum, Forum pour l’Investissement Responsable, and the financial information company Euronext, who aim to hold similar meetings with more participants in the future.
At the private event, held with the support of the French Ministry of Ecology and Sustainable Development, each company presented their social and environmental results and answered questions from investment professionals and rating agencies.
There were also sector-specific sessions during the day, as well as one-to-one meetings between individual analysts and company representatives.
The companies taking part were AXA, AGF, Carrefour, Danone, Dexia, Ferrovial, GlaxoSmithKline, Lafarge, Novartis, Orange, Schneider Electric, Societe Generale, ST Microelectronics, Total, Veolia Environnement and Volkswagen. Among the investment managers present were Isis, Lombard Odier and Storebrand. Innovest and Vigeo were among rating agencies present.
Meetings of analysts and companies that focus on social and environmental performance are becoming more common in Europe. Some firms, such as Rio Tinto, now make stand-alone presentations on their social and environmental performance to mainstream analysts (EP4, issue 11).
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