institutional SRI investment in France to riseDecember 2003
Some 60 per cent of French institutional investors expect to make socially responsible investments during the next three years, a study suggests.
A survey of 41 investors who control total assets of more than €80billion ($95bn, £56bn) found that 25 expected to be involved in SRI in that period. Most of the investors were still testing the SRI market, but nearly one in five already had more than €50m invested along socially responsible lines.
The overwhelming majority used sustainability criteria such as environmental performance to assess companies, rather than simple exclusions such as involvement in tobacco or arms, the study by the consultancies Novethic and Amadeis and asset manager Lombard Odier Darier Hentsch found.
The institutional SRI market in France is conservatively worth €2.08bn, Eurosif estimates.
A third of the largest 120 French companies now show some commitment to reporting on their social and environmental performance, according to an analysis by the Paris-based Social and Environmental Reporting Research Institute.
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