Danes lead bid to fund ‘practical’ researchOctober 2008
Investors, company executives, government officials and academics are to meet in the US next month to establish an international fund for sponsoring SRI research.
A roundtable of about 30 participants at Princeton University will try to determine areas where more academic research is needed and how to raise money for a central pot to fund it.
The Danish economics and business affairs ministry, which is jointly hosting the talks with Princeton, has said it will put up at least £100,000 ($179,000), providing that institutional investors and others also contribute. It is already in talks with two organizations.
Christina Wolfeld Gehring, head of section at the Copenhagen Centre for Corporate Social Responsibility, told EP there was an urgent need to ‘lay out a vision for generating new and practically applicable [research] into the business case for and broader societal value of SRI’. She said the group hoped the roundtable would ‘kick-start an ambitious and concrete research agenda for the years to come’.
Participants in the talks will include Alain Belda, chief executive of Alcoa, and Alan Blinder, vice-chairman of the US Federal Reserve System’s governing board.
On the investor side, attendees will include Donald MacDonald, chair of the United Nations Principles for Responsible Investment and a trustee of the British Telecom Pension Scheme; Colin Melvin, corporate governance director at Hermes Investment Management; and Vinay Nair, chief executive of the Old Lane Hedge Fund.
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