EUROPE - The majority of fund managers expect the trend towards socially responsible investment to continue over the next three years, new research shows.
A survey by CSR Europe, Deloitte and Euronext found that 70% of managers and analysts expect interest in SRI to continue to grow and for it to become a key aspect of mainstream investment by 2006.
And 60% of fund managers and analysts say they have noticed a growing interest in SRI in the last two years, with nearly half of Europe’s financial institutions now offering SRI products.
Eight out of 10 respondents believed the management of social and environmental risks had a positive impact on a company’s market value in the long-term, with 69% of firms acknowledging good performance influenced their brand and reputation.
The report also found that UK firms were ahead of their European counterparts on communication of social and environmental performance. In Italy, Spain and the Netherlands, 65% of fund mangers and analysts were “unhappy” with information provided, while in the UK only 38% were dissatisfied.
Deloitte partner Neil Yeomans said it was encouraging to see that the SRI market was continuing to grow.
He added: “We believe the factors behind SRI investment will inform mainstream investment decisions in the next three years.
“We also anticipate more voluntary integration of better social and environmental practices in business operations.”
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.