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May 03, 2006
International Funds Worth $4 Trillion Now Endorse UN Principles for Responsible Investment
Max Oliva, Associate Director of IE's Social Impact Management
At Paris, the heads of 18 major institutional investors from nine countries, representing more than $2 trillion in assets, will sign up to the Principles. They join a group of 32 institutional asset owners representing the original $2 trillion which backed the Principles during the international launch in New York.
"In fact, the Principles provide a blueprint for what is fast becoming the only way to do business in the globalizing markets of the 21st Century," added Mme Barbut.
”The Principles for Responsible Investment forge a much-needed link between corporate responsibility and decision-making in the financial markets,” said Georg Kell, Executive Head of the Global Compact Office. “Through their focus on engagement, not divestment, the Principles represent a major milestone in our efforts to root global business in universal values to achieve a more sustainable global economy.”
To view the article in regards to the first $2 Trillion click here.
To view the 6 Principles click here.
To view the Signatories to the Principles click here.
Posted on 3 May 2006 in Corporate Responsibility, Social Entrepreneurship, Philanthropy, Nonprofit, Environment, Diversity, Corporate Governance
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