One in three Americans believes aliens have landed on Earth and are dwelling among us. There are quite a lot of things they do not believe in, however, including the importance of the fluffy stuff in investment.
Parallel reports from the European and US social investment forums on the perception of environmental, social and governance issues among investment consultants seem to show American consultants are much less comfortable with the concepts and less inclined to see them as a natural part of investment consultancy. This despite a general belief (expressed by 88 per cent of respondents) that client interest in these matters will increase in the next few years.
If any fund manager deserves an award for trying to change the world, or at least start a real debate, it must be Hermes.
The fund manager, owned by the BT pension scheme, the UK’s biggest, today co-hosted a conference with the lengthy title: Creating sustainable wealth through responsible asset management and ownership.
Last week, it handed out awards for transparency in governance, in collaboration with the Institute of Chartered Secretaries and Administrators (ICSA).
Norway’s Government Pension Fund seems to have it all. Oil wealth, decent returns and a responsible approach to investment.
The decision to put part of its oil wealth to work for the country’s pension pot is one that makes many pension savers in other parts of the world gnash their teeth in envy, particularly if they happen to live in a resource-rich country that has not invested its black gold in the same way, such as the UK.