The UK's top 100 pensions schemes will be ranked by their commitment to SRI in a Friends of the Earth survey published next week.
The survey is timed to coincide with the first anniversary of legislation obliging pension schemes to state what consideration they are making of SRI in their investment principles.
Friends of the Earth investment campaigner Simon McRae said: “There is not much evidence that funds are able to demonstrate to their members how they actually doing this.”
McRae further accused the schemes of “greenwashing” - a process he described as “merely creating an impression that you are doing something to take into regard environmental and social concerns”.
For the survey Friends of the Earth quizzed all the top pension schemes on how they were following through on their statements regarding SRI principles.
They then marked the schemes according to what is in each of their investment statements and how they take action on this.
The finished table is hoped to set a benchmark standard for schemes, both raising awareness of engagement policies and also embarrassing pensions schemes in to doing more on SRI.
McRae said the survey would sort out the difference between schemes whose statements were PR driven and those that were actually engaging on the issues.
The survey will be published both as a printed report and on the Friends of the Earth website at www.foe.co.uk.
By David Rowley
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