Norfolk fund to adopt SRI lineMarch 2000
Norfolk County Council has decided to invest part of its £1 billion employee pension fund using a socially responsible investment (SRI) approach.
The trustees of the fund have decided to monitor certain investments for compliance with the local authority’s own environmental statement.
If concerns emerge, fund managers may then consider applying pressure by using their voting rights.
Stephen Revell, head of the trustee committee, said the new SRI approach would initially be applied to a fifth of the fund.
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