When thinking of sustainability, finance does not immediately come to mind. But initiatives are springing up to persuade investors to think of more than just of the bottom line.
The United Nations launched its Principles for Responsible Investing in April, when Kofi Annan rang the opening bell at the New York Stock Exchange.
Investors responsible for about 10 per cent of global capital, or more than $4,000bn of assets, backed the principles.
Those who sign up to the PRI commit themselves to integrating environmental, social and governance (ESG) issues into conventional investment analysis; to being active, responsible owners by promoting good corporate practice; and to reporting transparently on what actions have been taken.
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