UK - Government policymakers are urging schemes and fund managers to lead a drive for greater shareholder activism on social, environmental and ethical issues.
A meeting – the first in an ongoing dialogue between schemes, SRI managers and the government on policy and activism – agreed there was a common interest in raising standards.
The meeting – chaired by Insight Investment – included schemes, socially responsible investment managers and representatives from the Treasury, the department of trade and industry, the Financial Services Authority and the Foreign and Commonwealth Office.
Schemes were told it was legitimate for them to lobby for improvements to the public policy environment on social, environmental and ethical issues – provided they were transparent about the interests they pursued.
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Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point