Standard Life Investments (SLI) has announced its ethical funds will no longer invest in airline stocks.
The move follows feedback from investors, 30% of whom said they wanted a complete exclusion of airline shares in their portfolios. SLI currently manages around £588m over its ethical fund range, which includes the UK Ethical, Ethical Corporate Bond, European Equity Ethical, Life Ethical and Pension Ethical funds. Julie McDowell, head of socially responsible investing at SLI, says: “We are unique in carrying out an annual survey to understand investor wishes and concerns and we seek, wherever possible, to reflect those concerns in the criteria applicable to our ethical funds. “In ligh...
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