GLOBAL - Corporate social responsibility increases shareholder value for pension funds, a new survey by Innovest Strategic Value Advisors shows.
The investment research firm’s latest Paper & Forest Products Sector Report analysed 29 global competitors in the sector, covering environmental performance, the ability to reduce environmental-related risk and capacity to develop new business opportunities through environmentally-oriented investments.
Lead author Juan Silva said: “Companies with above-average Innovest ratings, such as Holmen, Nexfor, Weyerhaeuser and Votorantim, outperformed companies with below-average ratings by approximately 43%.”
Silva added: “Among the eight companies analysed, outperformers... are characterised by having lower exposure to regulatory risk, higher capacity to manage complex shareholder relations, capacity to influence the sector through proactive business strategies and improved emerging markets standards.”
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.