Skip to content

FairPensions’ survey unveils truth – and risks – behind fund managers’ “corporate responsibility” policies

071019_fairpensions.jpgThe FairPensions’ Fund Manager Transparency and Engagement Survey reveals that 75% of fund managers analysed do not publicly disclose any policies relating to environmental and social issues. This is despite the fact that many of the companies analysed have transparent corporateresponsibility policies in place. The survey covered the top twenty fund managers in the UK, who together manage 7 trillion pounds on behalf of clients including individual investors, occupational pension funds and charities. Laggards in the league table include Scottish Widows and Barclays Global Investors, with Goldman Sachs and State Street ranked last. Top performers include F&C, who are majority-owned by Friends Provident. F&C score 100%, followed closely by Hermes, Morley and Insight who all demonstrate a high degree of transparency and a concrete commitment to engagement on responsible investment. Alex van der Velden, Executive Director of FairPensions said: “Investors need to know how fund managers are responding to the financial risks associated with such important issues as climate change and human rights. Environmental and social issues can lead to heavy losses which are then passed on to investors.” The Fund Manager Transparency and Engagement Survey also highlights how fund managers are ignoring the recommendations of their own industry body by not having a publicly available engagement policy. Alex van der Velden comments: “Many of the fund managers in the survey are failing to meet the best practice codes set up by their own industry, such as the Statement of Principles of the Institutional Shareholders’ Committee (2007). Image source: fairpensions.org.uk. > Continue.

Message received by Covalence | Country: UK | Company: Scottish Widows, Barclays, Goldman Sachs, State Street, Friends Provident, Hermes, Morley, Insight | Source: FairPensions

Back To Top