Twenty years ago, socially responsible fund managers just avoided certain companies. Today they can have a direct influence on future corporate direction
Twenty years ago, ethical investment was merely a matter of avoidance ' tobacco, pornography, alcohol and nuclear. Avoid these and you had an ethical fund. However, by the early nineties, the appeal of this purely negative approach was waning. With investors keen to invest in companies that were environmentally and socially aware, a new breed of socially responsible investment (SRI) funds was born. Now, as we roll forward to 2001, are we in the middle of another fundamental shift in attitudes to ethical/SRI investing? I believe we are, as fund managers and investors begin to appreciat...
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