Saturday, August 01, 2009

Following the Money

An influential group of international asset managers, representing around US$ 2 trillion in assets under management, are arguing that integrating environmental, social and governance (ESG) considerations into investment decisions is no longer a luxury, but a legal responsibility.

The case is set forth in a new report compiled with the United Nations Environment Programme (UNEP). The report stresses the central role held by the world's largest institutional investors - pension funds, insurance companies, sovereign wealth funds, mutual funds - in helping the global economy effectively make the transition to a low-carbon and resource-efficient Green Economy.

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