Rathbone Greenbank Investments has launched an advisory service on socially responsible investment (SRI) for pension funds and charities.
Rathbone Greenbank will advise pension funds and charities on how to integrate social and environmental issues into their investment strategies.
Training will be offered including the following areas: SRI policy and investment strategy; implementation and fund manager selection; corporate governance and engagement; and monitoring and evaluation.
Mark Mansley, SRI strategy director at Rathbone Greenbank says: “We are currently working with a number of pension funds and charities concerned about meeting the ethical needs of their stakeholders. As the Rathbone Greenbank team has been at the forefront of SRI since 1992, we have some of the most experienced people and refined research tools in the business.”
Under new legislation in 2000, UK pension funds are required to disclose what social, environmental or ethical considerations are taken into account in investment selection.
Rathbone Greenbank believe that charities face similar requirements in the near future, with a recently revised guidance by the Charity Commissioners on SRI, recommending the disclosure of SRI policies as best practice and suggesting charities use shareholder rights to influence company behaviour.
Pension fund assets involved in some form of SRI are estimated at nearly £90bn; while charity assets invested with some form of SRI policy exceed £20bn, according to Rathbone Greenbank.IFAonline
Two global vehicles
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