Ethical Performance
inside intelligence for responsible business
 

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inbrief

June 1999

Commercial Union's CU Environmental Trust has been wound up and re-started without an environmental investment policy. 'We got to the position where one shareholder with a very large stake wanted to liquidate his holding, so we canvassed other shareholders and the consensus was that after seven years they were happy to cash in their shares,' said corporate development director David Keen. 'The environmental criteria have been dropped from the successor trust,' he added.




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