Financial Services Industry
Industry: Email Alert RSS FeedBriefs; UN pushes for set of global socially responsible investment guidelines.(United Nations, Caterpillar Belgium S.A., J.P. Morgan Investor Services, Portfolio Partners Ltd.)
Pensions & Investments, July, 2004
LONDON - The United Nations Environment Program, Nairobi, announced it would create a global set of socially responsible investment guidelines by September 2005. The $26.4 billion United Nations Joint Staff Pension Fund, New York, will follow the guidelines, dubbed the Responsible Investment Initiative, said Klaus Topfer, UNEP executive director, at a London news conference July 15.
"The investment community - public and private - is the main partner in achieving sustainable development,'' Mr. Topfer said. A roundtable discussion in Paris last month with 40 investors and fund managers proposed a global alliance for guidance on responsible investments. Citigroup Asset Management is among U.S. firms that already have joined a North American task force on the...
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