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Article

11 Nov 2008

Author:
Robert Kropp, SocialFunds.com

Report on UK Fund Managers Finds Room for Improvement on ESG Issues

...[T]his year's report by FairPensions…revealed a "clear improvement in the combined performance of the 20 asset managers that were surveyed in both 2007 and 2008…", indicating a "growing interest in incorporating material ESG [Environment, Social and Governance] risks and opportunities into the investment process."…Overall, however, the 2008 report...suggested that "asset managers’ focus on ESG more often than not is limited to governance issues," and only the report's leaders "could explain their policy on environmental and social factors in any detail." …Of the asset managers surveyed, the leaders were F&C Asset Management…Hermes Fund Managers, Insight Investment, and Aviva Investors. The worst performers were INVESCO Perpetual, Credit Suisse Asset Management, and Artemis Investment Management…