Investment: Companies Gain Incentive to Show Their Social Skills
Francis, Clare, The Independent (London, England)
It's been a busy couple of weeks for Friends Provident. Not only has the company announced a pounds 4bn stock market flotation that will bring an end to its mutual status, but the founder of the first ethical fund also announced another innovation - its social responsibility policy.
The Friends Provident Stewardship fund, the first-ever ethical fund, was launched by the UK insurer back in 1984. It has been emulated and followed by numerous other ethical funds over the past 10 years or so. Now, ethical alternatives are becoming run-of-the- mill in many investment houses, and there is a general feeling among independent financial advisers (IFAs) that it will soon become …
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Publication information: Article title: Investment: Companies Gain Incentive to Show Their Social Skills. Contributors: Francis, Clare - Author. Newspaper title: The Independent (London, England). Publication date: May 14, 2000. Page number: 9. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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