Latest UKSIF News
NEST and Pension Protection Fund affiliate to UKSIF
12 December 2011
UKSIF has welcomed NEST and the Pension Protection Fund as its latest pension fund affiliates. UKSIF introduced pension fund affiliate status earlier this year to support occupational pension funds that do not manage investments internally. The initiative forms part of UKSIF's assistance to occupational pension funds seeking to adopt more sustainable and responsible investment strategies.
Read the full press release.
Investor trade body calls for disclosure of corporate pay ratios
UKSIF responds to government consultation on company reporting
25 November 2011
Companies should disclose pay ratios in their annual reports, according to the UK Sustainable Investment and Finance Association (UKSIF). The trade body said this is a material statistic for investors as it can indicate quality of people management and affect the reputation of companies and industries.
UKSIF was responding to the government's consultation on 'The Future of Narrative Reporting' which closes today. UKSIF also highlighted the need for companies to explain more clearly which social, environmental and governance factors are shaping their business strategies and how these may affect their future business success.
Read the full press release.
Read our consultation response.
Investors tell companies: ‘You are the strongest link’ in response to Kay Review
Pension funds can drive change but companies are the ‘strongest link’ in the broken investment chain, says influential trade body in response to government review
18 November 2011
UKSIF has marked today’s closing of the consultation period for the Kay Review by calling on all parts of the equity investment chain to embrace a long-term approach.
Economist John Kay is investigating whether UK stock markets push companies into taking a short-term approach to business. UKSIF has welcomed the Review and publicly called for all parts of the investment chain to use the publication of Kay’s report next year as an opportunity to rebuild public trust in UK equity markets.
Read the full press release.
Read UKSIF's response.
UKSIF Kay Review Diagram.
Three directors elected to UKSIF Board
7 November 2011
At UKSIF's AGM on 3 November three directors were elected to the board.
Geoff Burnand, Chief Investment Officer at Charity Bank, and Adam Frost, Head of Governance and Social and Environmental Research at Sarasin & Partners, became new UKSIF directors.
My-Linh Ngo, Associate Director at Henderson Global Investors, was re-elected to serve a second term.
Directors serve in a personal capacity. Organisational affiliations are given for information
Read the full press release.
UK investors prepare for Olympics with insights from London 2012 Sustainability Expert
04 November 2011
Responsible investors in the UK last night got unique insights into the green performance of next year’s Olympic and Paralympic Games from the sustainability expert who has been overseeing preparations.
Delivering this year’s UKSIF Annual Lecture, Shaun McCarthy, Chair of the Commission for a Sustainable London 2012, and a leading sustainable procurement expert, said: “Our experience of working with corporate partners delivering the key London 2012 commitments shows that where there's a will there's a way. Not only can commercial partners deliver on these commitments, they can also transform the way business is done in their sector. We have seen some great examples of sustainable business practice, but it’s by no means universal yet. We would like to see more London 2012 corporate partners take that extra step for sustainability.”
Read the full press release.
UKSIF welcomes NEST sign-up to UN-backed Principles for Responsible Investment
31 October 2011
UKSIF has welcomed the announcement by the National Employment Savings Trust (NEST) that it has become a signatory to the UN-backed Principles for Responsible Investment (PRI).
Read the full press release.
UKSIF welcomes updated Charity Commission Guidance on Charities and Investment Matters (CC14)
27 October 2011
UKSIF has welcomed the updated guidance on "Charities and Investment Matters" (CC14) published by the Charity Commission today.
Penny Shepherd MBE, UKSIF Chief Executive, said:
"The Charity Commission has clearly taken into account the comments and concerns expressed by responsible investment specialists at the consultation stage.
We welcome the strong focus given to effective management of environmental, social and governance (ESG) risk within the guidance on financial investments. We welcome also the Commission's recognition that 'mixed motive' investment is a significant and developing area.
Responsible investment, including social impact investment, is a rapidly evolving field and it is great that the Charity Commission guidance now reflect this."
Read the full press release.
New appointments to oversee UKSIF Leadership Programme
Adam Frost (Sarasin & Partners), Bozena Jankowska (RCM) and James Stacey ( Earth Capital Partners) appointed to UKSIF Leadership Committee
25 October 2011
Penny Shepherd MBE, UKSIF Chief Executive said
“Adam, Bozena and James bring invaluable insight and experience to the committee as UKSIF responds to the Kay Review of UK equity markets, supports the development of the UK Green Investment Bank and continues to highlights the benefits of UK leadership in sustainable investment and finance. Bozena’s appointment will also ensure an effective working relationship with our Analyst Committee which she chairs.”
Read the full press release.
Eurosif launches first pan-European study on the adoption of ESG practices among corporate pension funds
3 October 2011
Eurosif launches first comprehensive EU-wide study on the extent and in what manner corporate pension funds across Europe have adopted sustainable investment practices.
Eurosif’s 2011 Corporate Pension Funds Study shows that 56% of surveyed corporate pension funds have an SRI policy in place today and that about a quarter of those without an SRI policy intend to have one on the coming year. A greater majority feel that environmental, social and governance (ESG) factors affect the long-term performance and their integration into investment decisions is part of investors’ fiduciary duty. Equities, bonds and real estate are the most popular asset classes in the implementation of SRI policies.
Read the full press release.
Read the Eurosif 2011 Corporate Pension Funds & Sustainable Investment Study.
UKSIF contributes a chapter to 'Handbook of Personal Wealth Management'
28 September 2011
UKSIF chief executive Penny Shepherd contributed a chapter entitled 'Sustainable and Responsible Investing' to the recently published 'Handbook of Personal Wealth Management' book published by Kogan Page and endorsed by the Institute of Directors. Penny's piece presents examples of sustainable and responsible investments available today.
For more information visit www.koganpage.com.
UKSIF responds to consultation on EU Corporate Governance Framework
26 July 2011
UKSIF has responded to the European Commission's consultation on the EU Corporate Governance Framework. The UKSIF response built on the comments submitted by Eurosif.
Read Eurosif's response to the EU Corporate Governance Framework consultation.
Read UKSIF's response to the EU Corporate Governance Framework consultation.
Women on Boards: Investors seek FTSE 350 board diversity statements by end September deadline
21 September 2011
Seven leading institutional investors in UK listed companies have asked FTSE 350 Chairmen to declare their aspirational goals for the representation of women on their boards in 2013 and 2015 by the end of this month.
In his report “Women on Boards” earlier this year, Lord Davies of Abersoch called on these Chairmen to disclose these goals by September. In a joint letter to each FTSE 350 Chairman who has not yet published a statement, the investors said that they were eager to understand plans and support progress on this important and topical issue.
Read the full press release.
Government and industry urged to 'grasp the nettle' on sustainable investment and finance
Influential trade body says Kay Review must be only first step towards change
13 July 2011
In Parliament today, UKSIF, the sustainable investment and finance association will call on Government, pension funds and the wider financial industry to make finance sector expertise in sustainability a strategic asset for the UK.
The trade body will say that the new Kay Review into UK equity markets, ordered by Business Secretary Vince Cable last month, alongside the upcoming replacement of the FSA, marks a unique ‘crossroads’ for UK financial markets. UKSIF will call on policy-makers and financial institutions to more explicitly embrace environmental, social and corporate governance (ESG) factors if the UK is to retain its position as a leading financial centre.
The call will be made at an event in Parliament to celebrate UKSIF’s 20 years as the voice and support network for progressive investment and financial services.
The report “Taking Responsibility: Achieving Resilience” will be launched, calling for the UK to show global leadership in sustainable investment and finance in the next 20 years.
Read the full press release.
Read the report 'Taking Responsibility: Achieving Resilience'.
Bozena Jankowska appointed to chair UKSIF Analyst Committee
RCM’s Global Head of Sustainability Research takes over from Baillie Gifford’s Head of ESG Research
30 June 2011
UKSIF has appointed Bozena Jankowska, Global Head of Sustainability Research at RCM, to chair its Analyst Committee.
She takes over from Marianne Harper Gow, Head of ESG Research at Baillie Gifford who has reached the end of her term of office.
Penny Shepherd MBE, UKSIF Chief Executive said:
“Bozena is highly respected within the responsible investment community and has a depth of experience of the needs of ESG investment analysts. We are delighted that she has agreed to chair our analyst committee.”
Read the full press release.
UKSIF responds to EU consultation on 'The Social Business Initiative: Promoting Social Investment Funds'
15 September 2011
UKSIF has responded to the European Commission's consultation on 'The Social Business Initiative: Promoting Social Investment Funds'.
UKSIF warmly welcomes the EU working paper. It illustrates the growing interest within Europe and internationally in social investment.
Read UKSIF's response.
UKSIF Comment on Launch of the Kay Review Issues Paper
Equity markets must help not hinder UK plc to face environmental limits and global change
15 September 2011
UKSIF has responded to today's launch of the Kay Review's consultation issues paper.
Welcoming the launch of the Kay Review issues paper, UKSIF Chair Martin Clarke said:
"UK companies must prepare to compete in a changing world. This is a world of environmental limits and social change as well as shifting economic power.
Responsible investors have been among the first to consider the risks and opportunities of these long-term changes and have a particularly strong understanding of how capital markets are responding."
Read the full press release.
Thomson Reuters Extel and UKSIF 2011 Socially Responsible Investing and Sustainability Survey Results
09 September 2011
Thomson Reuters and UKSIF announced the results of the ninth annual Thomson Reuters Extel/UKSIF Socially Responsible Investing and Sustainability Survey at an event held at the Thomson Reuters building in Canary Wharf, London.
The 2011 Survey represents the views of over 400 investment professionals from 23 countries, making it the most extensive assesment of SRI in the European investment community. Voting was conducted from 05 March to 03 June. It reflects a contribution from 209 buyside firms and 20 brokerage firms/research houses.
Read the full press release.
UKSIF congratulates Ethical Investment Champions honoured by HM The Queen in 2011 Birthday Honours
Honours for UKSIF Patron Charles Jacob CBE & Independent Financial Adviser Lee Coates OBE
13 June 2011
UKSIF congratulates two long-standing champions of ethical and socially responsible investment who were honoured by the Queen in Saturday's Birthday Honours list - Charles Jacob who was awarded a CBE and Lee Coates who was awarded an OBE.
Charles Jacob, an UKSIF patron and former board member, has championed ethical investment over many decades.
Lee Coates, also a former UKSIF board member, was one of the earliest specialist ethical investment IFAs in the UK. His OBE was awarded for services to Ethical Business and Finance.
Read the full press release.
UKSIF Chief Executive comments on her appointment to UK Government's Green Investment Bank Advisory Group
31 August 2011
Penny Shepherd MBE, Chief Executive of UKSIF, the sustainable investment and finance association, has commented on her appointment to the UK government’s Advisory Group for the Green Investment Bank.
The Advisory Group members were announced today by Business Secretary Vince Cable.
Penny Shepherd MBE, UKSIF Chief Executive, said:
"The Green Investment Bank is an outstanding example of government leadership in building a resilient low carbon economy for the UK. I look forward to using my understanding of the needs of long-term responsible investors to support the Bank’s development.”
Read the full press release.
Read the BIS press release.
Use NEST as DC responsible investment benchmark
UKSIF responds to The Pensions Regulator discussion paper on DC pension provision
26 April 2011
UKSIF has called for employers to use the responsible investment approach offered by the National Employment Savings Trust (NEST) as a benchmark when selecting defined contribution pensions for their staff.
Penny Shepherd, UKSIF Chief Executive said: “NEST’s approach to long-term responsible investment and ownership offers a practical benchmark particularly for less engaged or knowledgeable employers. The Pensions Regulator should encourage all employers to include modern responsible investment approaches in their pension provision.”
Read the consultation response.
Read the full press release.
UKSIF calls on Plan Sponsors to champion Responsible Investment
Launch of the third UKSIF Corporate Pension Funds Report
29 August 2011
UKSIF will this week call on leading companies to assist and encourage their corporate pension funds to support the UK Stewardship Code and implement responsible ownership and investment practices. UKSIF will also say that these plan sponsors should educate employees, customers and suppliers about the value of responsible investment practices.
The call will be made at Friday’s launch of UKSIF’s third biennial “Responsible Business: Sustainable Pension” report on the responsible investment approaches of the UK pension funds of corporate responsibility leaders. The launch is hosted by the National Association of Pension Funds.
Read the full press release.
Read the FTfm coverage.
Green Investment Bank legislation needed for credible governance says UKSIF letter to Prime Minister
20 May 2011
UKSIF has written to the Prime Minister and Deputy Prime Minister this week calling for the proposed Green Investment Bank to be set up by legislation so that it can demonstrate credible governance and sufficient political independence.
The letter was sent in advance of further announcements about the Green Investment Bank expected from the government next week. "Major investors remain keen to invest in and with the Green Investment Bank and so provide capital for the UK's succesful low carbon future. To enable them to do this, the Green Investment Bank will need to demonstrate clearly that it meets three key tests" it said. The tests are:
- A strong and trustworthy governance framework
- The transparency needed to allow investors to assess risk
- a robust approach to managing political risk
Read UKSIF's letter to the Prime Minister.
Read the full press release.
Intrusive regulators must understand responsible investment, says UKSIF
UKSIF responds to FSA discussion paper on “Product Intervention”
21 April 2011
UKSIF has called for greater FSA understanding of modern sustainable and responsible investment in its response to the regulator’s discussion paper on Product Intervention.
It also wants FSA regulators to recognise the particular needs of religious investors and others seeking to reflect their values and social priorities in their investments and other financial products. This should form part of the FSA's new duty to promote equality.
Read the full press release.
Read UKSIF's response to FSA discussion paper on "Product Intervention".
UKSIF launches free affiliate category for Charity Investors
29 March 2011
Charities with significant investments will be able to get free information and support from UKSIF, following the launch today of UKSIF's new 'Charity Affiliate' category. The new category is open at no charge to major charitable foundations and other charities with significant investment assets.
The services available will include access to UKSIF's monthly e-newsletter and invitations to selected UKSIF information and networking events.
Read the full press release.
UKSIF launches 2011 biennial survey on responsible investment practices of UK corporate pension funds
01 April 2011
UKSIF has this week launched the 2011 "Responsible Business: Sustainable Pension" survey to help major UK corporate pension funds learn more about best practice in Responsible Investment (RI) and how trustees are responding to Environmental, Social and Governance (ESG) issues and challenges in the practical implementation of RI policies.
The survey is being sent out as part of a biennial study conducted by the UKSIF Sustainable Pensions Project. It builds on earlier surveys in 2007 and 2009 and will enable the pension fund industry to track progress on RI implementation over time.
New questions for 2011 include how pension funds are implementing the UK Stewardship Code and whether trustees have held in-depth discussions on major issues like climate change.
Read the full press release.
UKSIF launches free affiliate category for Pension Funds
29 March 2011
Occupational pension funds will be able to get free information and support from UKSIF following the launch today of UKSIF's new 'Pension Fund Affiliate' category.
The new category is open at no charge to all occupational pension funds that do not manage investments internally.
The services available will include access to UKSIF's monthly e-newsletter and invitations to selected UKSIF information and networking events.
Read the full press release.
UKSIF Comment on IMA Quarterly Statistics
IMA's latest quarterly statistics highlight a growing demand for ethical funds
17 August 2011
The Investment Management Association's (IMA) latest quarterly statistics issued this week show that Q2 2011 saw net retail sales of ethical funds of £94.3 billion, the highest since Q4 2007. Ethical funds under management at end June 2011 totalled £7.1 billion, a 23% increase compared with Q2 2010.
The full IMA quarterly figures are available here.
To read the full story click here.
UKSIF welcomes Government announcements on Green Investment Bank
24 May 2011
UKSIF has welcomed the Government's announcements this week that the Green Investment Bank (GIB) will be set up by legislation and have independent borrowing powers. Last week, UKSIF wrote to the Prime Minister calling for these measures to enable the Bank to demonstrate credible governance and suficient political independence.
Read UKSIF's letter to the Prime Minister.
Read UKSIF's press release calling for a credible Green Investment Bank.
UKSIF welcomes 4th Carbon Budget
18 May 2011
UKSIF has signed an open letter to the Prime Minister and Deputy Prime Minister, released by the Aldersgate Group, which recommends strong and clear action on climate change.
The signatories support the Government's decision to accept the recommendation on the level of the fourth carbon budget from the Committee on Climate Change.
Read the Aldersgate Group letter.
Read the full press release.
UK Leadership in Green Finance needs credible Green Investment Bank
21 March 2011
In advance of Wednesday’s budget, the UK Sustainable Investment and Finance Association (UKSIF) has called for a clear government commitment in the budget that the planned UK Green Investment Bank will have the power to issue bonds as soon as it is fully operational and will aim to ramp up to large scale bond issuance within the next three years.
Commenting on press rumours that the decision on whether the bank can borrow may be delayed, Penny Shepherd MBE, UKSIF chief executive, said:
“Today, the UK is widely recognised as a global leader in green financial services. There is a real risk that our international competitiveness in this growing market will be seriously damaged if we are not seen to recognise the urgency of financing our own low carbon transition. The Green Investment Bank must have a clear and rapid timetable for large-scale bond issuance both to support the UK’s continued leadership in this important sector of financial services and to enable the broader UK economy to benefit from green growth.”
Read the full press release.
IMA statistics show today’s strong demand for ethical funds but need to track more of the market
10 February 2011
The Investment Management Association's (IMA) quarterly statistics issued today show that 2010 saw the highest net retail sales of ethical funds since 2007, up 80% in 2009, even though the number of funds tracked fell by about 10% from 52 to 47 funds. The full IMA figures, including the Q4 2010 statistics, are available here.
Commenting on the IMA statistics, Penny Shepherd MBE, UKSIF Chief Executive, said:
"These IMA net sales figures reinforce the strong client demand for green and ethical options that we found in our research for National Ethical Investment Week last autumn.
However, we do believe that the IMA data now significantly understates the size of the UK’s retail green and ethical investment market. The IMA tracks only about half of the retail funds that we would regard as green or ethical. In contrast, the “yourethicalmoney” site from EIRIS identifies over ninety funds.
With National Ethical Investment Week 2011 taking place from 16-22 October this year, we hope that the IMA will review its list to include more options of interest to modern green and ethical investors.”
Read the full press release.
Simple products should be responsible and transparent, says UKSIF
UKSIF responds to government consultation on simple financial products
25 March 2011
UKSIF, the sustainable investment and finance association, has called for “simple financial products” to deliver responsible asset ownership and be transparent on environmental, social and governance issues.
UKSIF also recommended that the government should look to the responsible investment approach launched today by the National Employment Savings Trust (NEST) when setting its vision and objectives for simple financial products. The government should aim for simple financial products to be resilient and deliver good outcomes for both consumers and broader society, it said.
Read the full press release.
NEST Investment Approach marks a Significant Milestone for Responsible Investment in the UK, says UKSIF
25 March 2011
UKSIF, the sustainable investment and finance association, has welcomed the responsible investment focus within the Statement of Investment Principles published today by the National Employment Savings Trust (NEST).
Penny Shepherd MBE, UKSIF chief executive, said: "This is a significant milestone for responsible investment in the UK. We believe that NEST will act as a benchmark for responsible investment practices by UK pension funds. All modern pension funds should aim to follow NEST's example and develop a robust and forward looking approach to what is now a mainstream issue."
Read the full press release.
Australian Leadership in Responsible Investment offers opportunities for UK investment firms
24 March 2011
UK investment managers will meet at Australia House in London later today to hear how they can benefit from Australian innovation and leadership in responsible investment.
Louise O'Halloran, Executive Director of the Responsible Investment Association Australasia (RIAA) will brief delegates on the business opportunities for UK investment managers and consultants from the demand for responsible investment in Australasia. Louise will also cover how firms can benefit from the new "RI Academy" to provide world-leading online responsible investment training to the global investment sector.
Read the full press release.
Green Investment Bank borrowing delay weakens signal to investors - UKSIF comment on 2011 Budget Statement
23 March 2011
UKSIF has welcomed the government statement that the Green Investment Bank will have borrowing powers and increased capitalisation; but it is concerned that borrowing will not be allowed until 2015 at the earliest with the exact timing uncertain as it will be linked to reduction of the UK deficit.
Penny Shepherd MBE, UKSIF chief executive said: "While there is much to welcome in the announcement, it represents a lost opportunity to make the step change needed to green the UK economy and support UK leadership in green financial services. In particular, the delay and uncertainty about when the Bank can start borrowing does not send the right signals to pension funds and investment managers".
Read the full press release.
UKSIF welcomes new statement of UK government support for ESG disclosure by occupational pension funds
21 March 2011
UKSIF, the sustainable investment and finance association, has today welcomed statements on ESG disclosure made by government minister Lord Freud in last week’s House of Lords debate on the Pensions Bill.
Speaking in the Pensions Bill debate on Tuesday 15 March 2011, Lord Freud said that he would be writing to Treasury regulation minister Lord Sassoon on the issue. He said “There has been a consensus in many previous debates on social and environmental issues that companies perform better when their activities are monitored by shareholders. Therefore, it is important for pension funds and their investment managers to be transparent in publishing their approaches to such issues in their statements of investment principles. That is why this Government, like the previous Government, have been open to suggestions on how to improve this process.”
Read the full press release.
Investors signal appetite for UK Green Investment Bank
10 February 2011
Chief Executives and other senior figures from major UK investment institutions, representing over £500 bn(1) in assets under management, have written together to the Prime Minister welcoming the creation of a UK Green Investment Bank.
The seven senior executives highlight the significant investment needed in low carbon infrastructure in the UK and express interest in considering future investments in the Bank's securities. They say that a Green Investment Bank "could play an important role to enable and accelerate this major low carbon investment".
The initiative was convened by UKSIF, the sustainable investment and finance association.
(1) At 30 June 2010 or later
Read the full press release.
Read the UKSIF Green Investment Bank Investor Letter.
Watch Penny Shepherd's 'A Short History of Responsible Investing in Europe' webcast for the CFA Institute
18 November 2010
'A Short History of Responsible Investing in Europe’ tracks the evolution of Responsible Investment from "The Ethical Era" to "A Mainstream Choice". The webcast was delivered by Penny Shepherd MBE, chief executive of UKSIF, for the CFA Institute.
The webcast can be viewed on the CFA Institute website via http://bit.ly/PennyS.
Ethical Investment on the rise - UKSIF comment on IMA quarterly statistics
10 November 2010
The Investment Management Association's (IMA) quarterly statistics issued today, the fourth day of National Ethical Investment Week, show a 25% year on year increase compared to the 3rd Quarter of 2010. Net retail sales of Ethical funds totalled £74 million in the last quarter, above the average of £64 million for the past four quarters.
The full IMA figures are available here.
Read the full press release.
Government Urged to Introduce Green Deal for Consumers and Communities
10 November 2010
At a parliamentary reception to mark National Ethical Investment Week (NEIW) 2010, UKSIF, the sustainable investment and finance association, called on the Government to introduce a Green ISA allowance at the next Budget in March 2011. New research from YouGov for NEIW reveals that over 13 million GB adults (27%) would be likely to invest in a Green ISA during the next twelve months. The research also revealed that over half (52%) of investors would consider investing in renewable energy to help the sector receive greater funding. This money would help to meet the urgent demand for investment in the green energy and environmental sector.
UKSIF is also calling for tax breaks for those investing in their local community organisations. Almost a third (32%) of all GB adults with savings and investments would consider supporting initiatives that assist their local community to help them receive greater funding.
Read the full press release.
Global Sustainable Investment Organisations Hold First International Strategic Meeting
18 March 2011
In early March, the leaders of sustainable and responsible investment associations around the world gathered for an unprecedented two-day strategic summit meeting in New York City. The seven representatives of major financial hubs and regions included the Social Investment Organization (Canada), Social Investment Forum (USA), UKSIF (United Kingdom), in addition to ASrIA (Asia), RIAA (Australia and NZ), Eurosif (Europe), and AfricaSIF.
The discussion focused on potential research collaboration, global policy initiatives, professional education for the socially responsible and sustainable investing industry and the sharing of best practices among organisations.
Read the full press release.
UKSIF welcomes Environmental Audit Committee report on The Green Investment Bank
11 March 2011
The report, released today, highlights the urgent need for a robust, fit-for-purpose Green Investment Bank with the ability to raise private capital. The report reiterates UKSIF’s view that the Bank should have the ability to issue bonds which would offer an effective means for it to raise funds rapidly and at scale from institutional investors.
Last month, UKSIF convened a letter signed by Chief Executives and other senior figures from major UK investment institutions welcoming the creation of a UK Green Investment Bank and calling for it to have sufficient scale and government support.
Read the full press release.
From Greed is Good to Green is Good: 2010s Set to Become Decade of Financial Responsibility
08 November 2010
New research, released as part of National Ethical Investment Week (NEIW) 2010, reveals that increasing numbers of people want to use their cash to create a sustainable future. Savers and investors are adopting a new attitude of individual responsibility in the wake of banking and environmental crises, combined with huge Government spending cuts. Figures from YouGov show that more than half (54%) of all GB adults with investments want to make money and make a difference, doing their bit to ensure a resilient future.
Despite this growing trend, the financial services industry needs to work harder to make people aware of their green and ethical financial options. Four in 10 (43%) of all GB adults remain unaware that they have green and ethical options on a wide range of financial products from cash ISAs and funds, right through to mortgages and pensions.
NEIW (7-13 November) is coordinated by UKSIF – the sustainable investment and finance association, and sponsored by The Co-operative Financial Services and Ecclesiastical Investment Management.
Read the full press release.
For older news articles see UKSIF News Archive. Further information is available in the Media Centre.