It also addresses the concerns of the executive boards. The toolkit also targets all those that are involved in the institutional investment process, with the emphasis on the trustees. “Through the toolkit’s practical approach we want to give SRI more substance and visibility and thus expand the community of those involved with it,” he continues. He adds: “It is comprehensive in terms of the different strategies that it covers and also in terms of the level of detail.”Īnother key aim is to raise awareness of SRI among pension funds. “There are a lot of great ideas and they need to be communicated further,” says Tagger. So what does the new toolkit bring to the party? One of the main benefits is that it brings together SRI thinking across Europe.
“We have also been talking to the national SIFs.” “I have also worked informally with the Trade Union Advisory Committee to the OECD who are doing a lot of work on corporate governance,” adds Tagger. An ad hoc advisory council consisting of five European pension and SRI specialists has been helping Eurosif develop the outline.
#Final draft tagger free#
“We have a reporting obligation but the EC is giving us free rein in terms of how we manage the project,” says Tagger. Eurosif originally proposed its toolkit idea to the European Commission’s DG on employment and social affairs last year and in view of the EC’s interest in such matters subsequently secured funding. “Barriers include the idea that while SRI is good you can’t make money with it,” says Tagger. In terms of the governmental policies and regulations around SRI, the document looks at how this might effect the necessity for companies to get involved in SRI, such as in the statement of investment principles. Q Ability to network with other institutional investors and organisations in SRI. Q Governmental policies and regulations around SRI
Q Why governments, NGO's, companies are interested in SRI Q Who are the major SRI institutional leaders and why Q Why SRI is a growing interest in institutional portfolios Q Understanding and incorporating SRI in user’s organisation Jérôme Tagger, head of research at Eurosif describes the toolkit as “a portfolio of strategies that are available to pension fund practitioners from which they can choose in order to better incorporate SRI into their own practices.” The association represents assets totalling over E600bn through its membership. It is a pan-European not-for-profit entity set up to encourage and develop sustainable and responsible investment and better corporate governance.Ĭurrent members of Eurosif include NGOs, financial service providers, academic institutes and research associations. Against a backdrop of diverging approaches to SRI across Europe, The European Sustainable and Responsible Investment Forum (Eurosif) published the outline for its proposed SRI Toolkit for European pension funds last month.Įurosif was launched in 2001 by five national SRI forums, with support from the EC’s DG of Employment and Social Affairs.
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