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Sasja Beslik Head of SRI Banco/ABN AMRO Asset Management

2. Investment x Responsibility = Profit . INSTEAD OF JUST THE NEXT QUARTER, HOW ABOUT THE NEXT QUARTER OF A CENTURY…. Sasja Beslik Head of SRI Banco/ABN AMRO Asset Management. THE LEADING SRI MANAGER IN SWEDEN. Asset Manager specialist Unique SRI concept

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Sasja Beslik Head of SRI Banco/ABN AMRO Asset Management

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  1. 2 Investment x Responsibility = Profit INSTEAD OF JUST THE NEXT QUARTER, HOW ABOUT THE NEXT QUARTER OF A CENTURY… Sasja BeslikHead of SRI Banco/ABN AMRO Asset Management

  2. THE LEADING SRI MANAGER IN SWEDEN • Asset Manager specialist • Unique SRI concept • Charity/NGO supporting and SRI-funds • - 170 000 customers • - AUM: SEK 14 billion.

  3. Investment policy setting… Human Rights: • UN Universal Declaration of Human Rights • UN Convention on the rights of the child Labour issues: • ILO Core Conventions • OECD guidelines for multinational corporations Corruption • UN Corruption Convention • OECD guidelines for multinational corporations Environment: • UN Convention on biological diversity: Cartagena protocol on biosafety • UN Montreal Protocol on substances that deplete the ozone layer • UN Framework Convention on Climate Change: Kyoto protocol Seeking for opportunities…by managing risks

  4. Coctail Molotov…trends • Corporate Governance in international focus • Increasing European legislation • Increasing demand from institutional investors • SRI is becoming more mainstream • From passive exclusions to active engagement • PRINCIPLES FOR RESPONSIBLE INVESTMENTS (PRI)

  5. SRI AuM and SRI Revenue are expected to grow rapidly in Europe European SRI AUM (€BN) €173 BN CAGR1: 17% €93 BN 80% European SRI revenue (€MM) 80% institutional €420 MM 20% 20% retail CAGR: 15% 59% €240 MM In the US from 1995 to 2003, SRI AuM grew 40% faster than all professionally managed assets in the US. 58% institutional 41% 42% retail 1 CAGR = compound annual growth rate

  6. Estimates suggest that retail SRI assets will double by 2008 Est. 04-’08 CAGR SRI AUM (€BN) €35 BN CAGR 16% 24% France Italy 24% €18 BN 22% Brazil Germany 21% Netherlands 20% 16% Switzerland 13% Austria UK 11% Belgium 10% Spain 9% 8% Sweden 8% Denmark Norway 7% Source: Feri FMI market data as of September 2004Mercer Oliver Wyman analysis

  7. Institutional AUM invested in SRI are expected to approach €140 BN by 2008 SRI AUM (€BN) Spain 38% 29% Italy €139BN 27% Norway Austria 20% 22% Sweden Denmark 20% 19% Belgium France 17% Brazil 15% 17% Germany CAGR: 13% Est. ’03-’08 CAGR €75BN 13% UK 12% Switzerland 11% Netherlands Finland 6% Source: Feri FMI market data as of September 2004, Mercer Oliver Wyman analysis

  8. Piano in the Dark… • Fact that social & environmental responsibilities pay good dividend in the short and long-term. • Assessment of future risks and long-term profitability • Customer demand • Media • NGO’s

  9. Unforgettable…integration SRI Responsible investments Movement of mainstream into SRI Movement of SRI specialists e.g. Banco

  10. Nothin’ Else… concept • Social and environmental risk & opportunities perspective…”upside” • Pro-active approach • Engagement • Knowledge transfer • Active ownership HOW and HOW GOOD?

  11. Talk is……cheap • Social and environmental risks • Internal policies and monitoring procedure • CSR awareness and top management’s engagement • Inclination to change

  12. SRI investment process… Fundamental analysis Ongoing monitoring Follow up and Control (compliance) Drafting model portfolio Active engagement Screening/Applying the SRI criteria Selection of replacement stocks Individual evaluation of companies Classification of companies

  13. Better by the Pound… • Type of business operations • Geographies • Risk exposure & link to product and service opportunities • Risk of biased information • Complex evaluations • Media’s attitude

  14. What is reasonable… • Integration of social,environmental and ethical issues in daily business operations • Risk/problem management & “upside” story • Humble – open – sensitive outlook • Top down process • External reporting

  15. Ideal Spot Before… Financial performance Sustainability performance

  16. Ideal Spot Ideal Spot Ideal Spot Now… Financial performance Sustainability performance

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