UN Advances Business Case for Materiality of SRI, Leaving Skeptics Little Wiggle Room

Author: Bill Baue, SocialFunds.com, Published on: 18 July 2006

With any controversial idea, there comes a point when a critical mass accepts the notion as self-evident and simply abandons the attempt to convince skeptics because their objections fade into irrelevance. The United Nations is ushering the financial community in this direction with the concept of the materiality of environmental, social, and governance (ESG) issues. A significant chunk of the buy-side has bought in...A movement is afoot on the sell-side as well, as evidenced by the recent report sponsored by the United Nations Environment Programme Finance Initiative (UNEP FI) assessing how ten leading global brokerages [WABN Amro Real Corretora, CM-CIC securities, Deutsche Bank, Dresdner Kleinwort Wasserstein Securities Limited, Goldman Sachs Global Investment Research, JP Morgan Securities Ltd, Merrill Lynch Global Securities Research & Economics Group, Morgan Stanley & Co. International Limited, UBS Limited and WestLB AG.] are integrating ESG factors into their research reports.

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Related companies: Deutsche Bank Dresdner Bank (part of Allianz) Goldman Sachs J.P. Morgan (part of JPMorgan Chase) JPMorgan Chase Merrill Lynch (part of Bank of America) Morgan Stanley UBS West LB