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New UNEP report warns of threat to stock markets if social and environmental questions ignored
[C]ompanies will see their share price suffer in the long term unless proper attention is paid to environmental and social issues, warns a group of the world’s most powerful financial institutions. In a new report with the United Nations Environment Programme (UNEP), a group of 12 fund managers...representing USD 1.6 Trillion of assets under management call on investors, government and business leaders to embed environmental, social, and governance best practice at the heart of our markets. [participants include ABN Amro, Acuity, Calvert, Citigroup, Deutsche Bank, Dresdner Kleinwort Wasserstein (part of Dresdner Bank, which is part of Allianz), Goldman Sachs, Groupama, HSBC, Morley, Nikko, Nomura, Old Mutual, San Paolo IMI, Storebrand, UBS, West LB]