Tuesday, 16 October 2007

Fair Pensions ranks fund managers

The socially responsible investment campaign group Fair Pensions yesterday stuck out its first ranking of the UK's largest 20 fund managers. It's worth a look and can be found here.

Exceprt from the Fair Pensions press release below.

The Fund Manager Responsibility Survey by FairPensions reveals that 75% of the top 20 fund managers do not disclose responsible investor policies that address environmental and social issues, such as climate change and human rights, as well as corporate governance matters.

Some of the UK's biggest household names such as Scottish Widows and Barclays Global Investors appear in the bottom half of the report. Goldman Sachs and State Street are ranked last. Only five fund management companies publicly disclosed a detailed policy covering environmental, social and governance issues.

Top performers in the survey included F&C, who are majority-owned by Friends Provident. F&C scored 100%, followed closely by Hermes, Morley and Insight who all demonstrated a high degree of transparency and a concrete commitment to engagement on responsible investment.

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