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New Report Urges Financial Industry to Integrate Sustainable Investing Practices

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30 January 2009

[PDF] Future proof? Embedding environmental, social and governance issues in investment markets

Author: Ivo Knoepfel & Gordon Hagart, onValues Ltd., report produced by IFC, Swiss Federal Department of Foreign Affairs, UN Global Compact

[Outcomes of the Who Cares Wins Initiative 2004–2008, a joint initiative of the financial industry and the UN Global Compact, International Finance Corporation (IFC) and the Swiss Government.] This report summarises the strategic outcomes of the Who Cares Wins Initiative — a series of working conferences and financial industry consultations...The Initiative aimed to increase the industry’s understanding of the risks and opportunities presented by environmental, social and governance (ESG) issues, and to improve their consideration in investment decision-making. In concluding four years of discussion with the industry, the report proposes a number of actions to further ESG integration and, ultimately, to set the investment system on a more sustainable, long-term footing. [Companies that participated in Who Cares Wins 2004—2008: ABB, ABN AMRO, AVS, APG Investments, ASSET4, Atlantic Trust, Aviva Investors, AXA, Banco do Brasil, Bank Sarasin & Co., Bank Vontobel, BankInvest Gruppen, BASF, BHP Brugger und Partner, BNP Paribas, BOVESPA (São Paulo Stock Exchange), BT Group, CA Cheuvreux, Caisse des Dépôts et Consignations (CDC), Calvert Group, China Minsheng Bank, Citigroup, ClearBridge Advisors, CLSA, CNP Assurances, Colonial First State Group, ConSer Invest, CPP Investment Board, Crédit Agricole, Credit Suisse, Daimler, DELSUS, Det Norske Veritas (DNV), Deutsche Bank, Dexia, DnB NOR, Dresdner Kleinwort, ECOFACT, Eco-Frontier, Environmental Finance, equinet Institutional Services, Erste Bank Group, Eurizon Capital, F&C Asset Management, F. Hoffmann-La Roche, Forma Futura Invest, Generation Investment Management, GES Investment Services, Goldman Sachs, GovernanceMetrics International, Groupama, Grupo BBVA, Henderson Global Investors, Hermes Pensions Management, Holcim, HSBC, ING, Innovest Strategic Value Advisors, Inspire AS, Investec, KLD Research & Analytics, Kommunal Landspensjonskasse (KLP), Lehman Brothers, Lombard Odier Darier Hentsch, London Bridge Capital, Mercer, Mistra, Mitsubishi UFJ Trust and Banking Corporation, Mitsui Sumitomo Insurance, Morgan Stanley, Nestlé, Norges Bank Investment Management, Oddo Securities, OTP Fund Management, PGGM, Pictet & Cie, PREVI, RCM, Rio Tinto, RiskMetrics Group, Rothschild, Royal Dutch Shell, SAM Sustainable Asset Management, SIX Group, SNS REAAL, Société Générale, SRI World Group, Standard & Poor’s, State Street Global Advisors (SSgA), Swedbank Robur, Swiss Re, Trucost, UBS]

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28 January 2009

New Report Urges Financial Industry to Integrate Sustainable Investing Practices

Author: IFC, UN Global Compact, Swiss government

A new report by IFC, the United Nations Global Compact, and the Swiss government finds that although the financial industry understands the necessity of developing methodologies and tools that examine environmental issues in the investment process, it is still not standard practice. The 2008 Who Cares Wins report urges the financial industry to advance efforts to integrate environmental, social, and governance (ESG) issues into mainstream investment decision-making...Ambassador Thomas Greminger...[from] Federal Department of Foreign Affairs (Switzerland), said, "Better ESG performance and integration...requires not only market incentives but standards set by regulation. Governmental responsibilities in this regard call for regulation..."

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