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Forum Lets Investors Collaborate On CSR

Martinek Paul J. | February 21, 2007

A new clearinghouse has been established under the auspices of the United Nations to give institutional investors and like-minded shareholder activists a chance to share information about corporate initiatives on environmental and social matters.

The UN Principles for Responsible Investment program and its “Engagement Clearinghouse,” as it is known, launched last year. It has scores of signatories from around the world, including activist titans such as Hermes Pensions Management, the New York City Employees Retirement System, and the California Public Employees Retirement System. In total the signatories control more than $2 trillion of investment dollars.

The UN-PRI declined Compliance Week’s request to access the clearinghouse, citing the need to allow signatories to post their thoughts and concerns freely. Individual organizations, however, say the clearinghouse is a welcomed opportunity to exchange ideas.

“The purpose of the...

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