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Article

30 Sep 2008

Author:
Adri Nieuwhof

[PDF] Swedish company Ethix serious about Responsible Investment

Ethix is a leading consulting firm helping institutional investors and asset managers to integrate environmental, social and governance issues into the investment process...and provides company research and screening according to a number of different criteria...Ethix analysts Weidacher and Fruchart talk[:]...What are the guiding principles for screening companies?...[We use] existing initiatives and guidelines...UN Global Compact, the OECD Guidelines...the Norms on the Responsibilities of Transnational Corporations...UN resolutions...Regarding the Israeli settlements on occupied Palestinian territory, there are a number of UN resolutions that address the situation...Therefore, we assess companies that provide infrastructure. We also look at companies that supply mechanised vehicles to destroy Palestinian homes...Veolia and Alstom...participate in the light rail project in Jerusalem...The light rail runs also in East Jerusalem, which is occupied territory. So Veolia and Alstom's involvement in this project does not meet international standards...The Israeli light rail on occupied Palestinian land is a violation of international law...Let us be clear that the construction of the light rail in West Jerusalem is not disputed. If the companies withdraw from the light rail project in East Jerusalem and the West Bank, it would in that case no longer be involved in an offence of UN resolutions.