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Responsible investments. Responsible investments. BI, 15th November 2012. How we try to be a responsible owner. Goal: long-term and sustainable businesses. Exclusion. Conduct based criteria. Product based criteria. Weapons. Tobacco. Human rights. Labour rights. Business ethics.
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Responsibleinvestments Responsible investments BI, 15th November 2012
Howwetry to be a responsibleowner Goal: long-term and sustainablebusinesses.
Exclusion • Conductbasedcriteria • Productbasedcriteria • Weapons • Tobacco • Human rights • Labour rights • Business ethics • Individual rights • in war and conflict • Corruption • Environment
Still toofewactiveshareholders Source: MSCI
Wherearewenow? 3. 1. 2. 4. Whatarethechallengesahead? Currentpractices? What do theydeliver? Has SRI/ESG been a success? Wherearewemoving?
Reputationoftheindustry • Don’tforgetthebasics! • Don’tsellproductsclientsdon’tneed. • Don’tsellproductsclientsdon’t understand. • Be clearaboutthe risk level. • Be transparent and do proper reportingaboutperformance, costsinvolved, successfees etc. • Low-costmanagement is a part ofsustainableassetmanagement.
Norsif • An investor initiative • Danske Capital, DNB, Folketrygdfondet, KLP, Ministryof • Finance, Nordea, Storebrand • Aim: Building knowledge and competenceaboutsustainable and responsibleinvestments in theindustry and among stakeholders • FNO willfunction as a secretariat • Formal launch in thebeginningof 2013