lottery money funds push on investmentNovember 2000
Two charities have been given £140,000 from the UK’s National Lottery to help persuade pension funds to invest their money more ethically.
War On Want and Traidcraft Exchange will get the cash for a two-year joint project to ‘raise awareness among pension funds of the links between international development and their new, legal duties to disclose how they take social, environmental and ethical factors into account’.
They hope to launch briefing materials to pension funds, fund managers and others in the pensions industry by spring 2001.
The guidance will be presented via a series of seminars and briefings and will concentrate mainly on engagement with companies rather than negative screening of portfolios.
The project will be overseen by an advisory group of organizations with expertise in international development and investment issues, including Amnesty International, Pensions and Investment Research Consultants (PIRC), the Prince of Wales Business Leaders’ Forum, Henderson Investors, and the Ecumenical Council on Corporate Responsibility. The National Association of Pension Funds has also endorsed the project.
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