Social responsibility rising up investment agenda
Investors are increasingly concerned about the impact their investments have on society and the environment, an ethical investment expert claimed this week.
Robin Keyte, chair of the Ethical Investment Association (EIA), said the credit crunch and the recession have transformed the way investors think about money.
“Following the events of the last two years, an increasing range of investment clients are concluding that it makes sense to understand the impact of their investments on society and the environment,” he said.
Keyte made the remarks as he announced this year’s winners of the EIA 2009 Transparency Awards at the EIA’s autumn conference in London.
Axa Investment Managers, Henderson Global Investors, Insight Investment, and Jupiter Asset Management were recognised at the awards ceremony for their commitment to transparency on green and ethical issues.
Keyte believes transparency will play a key role in the future of financial planning.
“Looking forward we believe that increased transparency to enable clients to ‘know what they own’ has an essential role to play in building demand for and confidence in highly skilled professional financial planners, enabling the financial planning profession to grow and develop,” he said.
A recent poll of EIA members found that 82% of clients have maintained their commitment to green and ethical investment despite the financial crisis.