Developments in SRI

Last year was important for the socially responsible investment (SRI) industry. The highlight was undoubtedly the introduction of a new regulation governing pension funds that came into effect in July 2000. This regulation requires pension fund trustees to disclose the extent to which social, environmental and ethical factors are taken into account in investment decisions. This measure is the first time a Government has obliged pension funds to consider environmental and social factors in their investment policy, and is now driving other European countries to consider introducing simil...