Decision to Drop SRI & Renewables Sectors from Poll “Surprising”

UKSIF27th September 2013

London, 27 September 2013 – In response to news reported in Responsible Investor (link) that “Renewables and SRI sell-side analysts hit as sectors dropped from major buy-side poll”, Simon Howard, Chief Executive of the UK Sustainable Investment and Finance association (UKSIF) said:

“This seems a surprising decision by Institutional Investor (II). We know that institutional asset owners increasingly recognise the financial arguments in favour of considering sustainability issues as part of investment, and the same thinking is evident in the results of a survey of retail asset owners we will be releasing as part of National Ethical Investment Week next month.

“By reducing its engagement with the SRI sector the II survey will not identify the consequences of these important changes. The popularity of the Thomson Reuters Extel and UKSIF SRI and Sustainability awards which were announced in July confirm the demand for research in the sector. Those results saw voting by over 500 investment professionals from 29 countries.”

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