A recent article stated: "Investors today have now become as concerned about corporate ethics as they are with how profits have been earned. Following this trend, industry surveys by organisations such as KPMG and Business in the Community (BITC) confirm that more than half of the world's 250 largest companies now issue separate Corporate Social Responsibility reports as standard."
This is consistent with my experience - last year at the SRI in the Rockie's conference a friend who runs Progressive Investment Management. He shared with me that he is getting calls from corporations who want to know the changes that are needed to be made in order for my friend's company to include them in his Portfolio 21 mutual fund.
This represents a sea change - that investment managers' concerns are driving corporations to make changes in the way that they behave.
No comments:
Post a Comment