abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

6 Jan 2011

Author:
Daniel Brooksbank, Responsible Investor

Canada’s Northwest & Ethical divests from Vedanta

Northwest and Ethical Investments…has dumped…Vedanta over lack of progress on human rights and environmental, social and governance (ESG) issues. Northwest & Ethical – now known as NEI Investments…said: “Working in collaboration with colleagues in Europe, we have been able to express dissatisfaction with company leadership on ESG issues…” NEI is following investors like PGGM and the Church of England in ditching Vedanta over the company’s operations in the Indian state of Orissa….NEI also revealed that it is working with other signatories to the UN Principles for Responsible Investment to express concern about Italian energy firm Eni’s operations in the Congo…