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

27 Nov 2006

Author:
Fair Pensions

Survey of Top 20 reveals pension schemes ‘keep us in the dark’ about human rights & environment record

Research by FairPensions...found only five of the UK’s twenty largest pension schemes disclosing policies on social and environmental responsibility and only one out of twenty disclosing how shareholder votes have been cast on scheme members’ behalf...FairPensions, which is backed by groups like Amnesty, Oxfam and WWF, believes such lack of disclosure indicates that most pension schemes are failing to take their social and environmental responsibilities seriously, which may put investments at risk: recent huge losses due to BP’s pipeline spill, and the effect on online gambling firms of US ant-gaming laws demonstrate that ‘ethical’ issues often turn into financial problems if they are not monitored and managed.