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Japanese endorse new SRI principles

July 2006

A number of Japanese pension funds and asset managers have endorsed the Principles for Responsible Investment introduced at the New York stock exchange in May.

Institutional investors controlling more than $2trillion (£1.1tn) have committed themselves to applying responsible investment principles to their portfolios. Among Japanese signatories are Kikkoman Corporation Pension Scheme, Daiwa Asset Management, Mitsubishi UFJ Trust and Banking Corporation, Sompo Japan, and Sumitomo Trust.

Companies will be pressed to disclose information on their ethical performance and other investors will be actively encouraged to follow suit.

The principles say, for example, that investors should request 'standardized reporting, using tools such as the Global Reporting Initiative' and that SRI issues should be covered in annual financial reports.




Further Information
http://www.unpri.org/principles
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