Eurosif Update
February / March 2009
Download our latest sector report on shipping
Investors in shipping companies are exposed to profit risks from air pollution costs, according to a new report published by Eurosif. Eurosif partnered with environmental data company Trucost to examine six critical environmental, social and governance (ESG) challenges facing the shipping industry. The report was covered in the New York Times and International Herald Tribune: http://greeninc.blogs.nytimes.com/2009/02/26/shipping-investors-advised-to-watch-co2/ , among other media outlets.
Please visit Eurosif’s website to download the report and the press release: http://www.eurosif.org/publications/sector_theme_reports/shipping Eurosif and UKSIF are organising an afternoon debate in London on March 12 2009 to address the key environmental, social and governance challenges the shipping industry faces today. This event is kindly hosted by Henderson Global Investors. For more details and to register interest in attending, please contact us
A similar event in Norway is currently being planned with member affiliate KLP – further details will be confirmed shortly.
Article on Safety at Work published in Le Monde / La Stampa / Zeit online / Le Temps Partnership
The most recent Le Monde article, PDF in French published on February 24th, covered the question of Health and Security at Work. This article provides an example of a policy to reduce risks on construction sites and data on the distribution industry. Data was sourced from Ernst & Young while the French Social Investment Forum assisted with the analysis. The English version will be available soon.
To read the previous article published on carbon compensation on January 6th: http://www.eurosif.org/publications/le_monde_la_stampa_el_pais_zeit_online_le_temps_partnership/carbon_compensation
Will Oulton (FTSE Group) joins Eurosif Board as UK representative
Will Oulton has replaced Penny Shepherd as the UK representative on the Eurosif board. Will was nominated by the UKSIF board and elected unanimously by the European SIFs. Will is the first Eurosif board member who is not also a director or board member of a national SIF. UKSIF publicised this opportunity to all UKSIF members that are also Eurosif member affiliates and selected Will from three candidates expressing interest. He serves in a personal capacity and organisational affiliation is given for information only. Contact mattc@eurosif.org
European SRI Transparency Guidelines: Recent Signatories Update
Since Eurosif launched a logo specific to the European SRI Transparency Guidelines last spring, 5 institutions have recently completed the review process: ASN Bank, BankInvest, Fortis, Highland Good Stewart Management and ING Bank. With the exception of the French market, the logo can be used by signatories effective immediately once their responses to the Transparency Guidelines have been updated and reviewed by a national Social Investment Forum. As of March 2009, there are over 50 signatories, representing 230 funds. Read more about the Transparency Guidelines & See list of Signatories
