October 2011 Vol. 16 No. 10
Sustainability high on corporate and investor agendas
Category: Middle East, Europe, United Kingdom, Africa
By Elizabeth Dooley
International SRI demand provides ample opportunities for UK asset managers
The United Kingdom has been widely acknowledged as a global leader in sustainable and responsible finance, a growing investment philosophy promoted largely by institutional investors to help improve corporate governance. Quarterly statistics issued by the Investment Management Association (IMA) in August revealed net retail sales of ethical funds of £94.3 billion (US$147.56 billion), the highest since Q4 2007. Ethical funds under management at end June 2011 totalled £7.1 billion, an increase of 23% compared with Q2 2010.
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