Glasgow eyes engaging ideaMay 2000
The managers of one of Britain’s largest local authority pension funds have been advised to use an engagement approach if they decide to adopt a socially responsible investment strategy.
Glasgow council, which administers the £6billion Strathclyde Pension Fund, has been told by Hymans Robertson, the actuaries and investment managers, that engagement of companies – raising awareness of ethical performance within companies – is a more suitable option than selecting companies according to certain social, environmental or ethical criteria.
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