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Socially Responsible Investment: A Global Revolution




Socially Responsible Investment: A Global Revolution

Russell Sparkes

ISBN: 978-0-471-49953-4 October 2002 424 Pages


Over recent years there has been rapid consumer-led growth in investing in socially responsible companies to the extent that it has had an influence on corporate policies. New regulations recognise the public interest by requiring all pension funds to declare their ethical policy. Investors can no longer just consider the financial aspects of a company before investing but also have to consider the complex world of ethical investments.

Should the ethical policy take precedence over the financial aspects?
Should policies be inclusive or exclusive?
What percentage of a company's income has to come from unacceptable sources before the source is excluded?
Should any exclusion policy also extend to those involved in selling or transporting goods deemed unacceptable?

This is the first book to look at socially responsible investment from the perspective of the institutional investor, who will be led through the complex dilemmas of socially responsible investment with practical examples and advice.

Foreword by Tim Smith.

Series Preface.


Part I: Exploring Socially Responsible Investment.

Socially Responsible Investment Comes of Age.

What Is Socially Responsible Investment?

From the Beginning.

Profiling the Investors.

Screening in Practice.

Part II: Issues for Institutional Investors.

From Environmental Risks....

....To Sustainable Development.

Human Rights.

Corporate Social Responsibility.

Investment Returns.

Part III: A Global Revolution.

Information Services.

Alternative Approaches: Canada and Australia.

Into the Mainstream.

A Global Revolution.


"…Sparkes addresses the topic logically and succinctly and appears to cover all significant considerations…a useful tool for investors and managers…"" (Professional Investor, November 2002)

"...While traditional ethical funds exclude sectors like tobaacco, gambling and companies using child labour, Russell Sparkes, author of the new book Socially Responsible Investment: A Global Revolution, says things are changing..." (Independent on Sunday, 24 November 2002)

"…The authors, however have done a highly diligent and professional job in surveying the current banking scene in Europe…" (The Tablet, 4 January 2003)