Funds backing the Principles launched by United Nations Secretary General Kofi Annan double in five days
Investment funds backing the Principles for Responsible Investment will have doubled to reach more than $4 trillion when asset owners and fund managers join the European launch of this new initiative at the Palais Brongniart in Paris on 2 May.
It is expected that further funds will pledge support for the Principles, which were officially launched by United Nations Secretary-General Kofi Annan at the New York Stock Exchange on 27 April.
At the Paris event, the heads of 18 major institutional investors from nine countries, representing more than $2 trillion in assets, will sign up to the Principles. They join a group of 32 institutional asset owners representing the original $2 trillion which backed the Principles during the international launch in New York.
See full Press Release, in pdf format.
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