NORDIC – A majority of institutional investors in Sweden, Norway and Denmark say socially responsible investments deliver the same yield as other investments, according to SRI firm GES.
GES, which recently changed its name from CaringCompany, said that 65% of 76 institutions surveyed do not think that there is any difference in financial performance between SRI and the most common share benchmarks.
And 15% of respondents said SRI performs better than conventional investments over the ones on long-term, while 20% said they underperform.
“This conclusion is of major importance for the establishment of SRI, because almost all institutional investors are obliged by law to deliver the highest possible risk-adjusted financial yield,” GES said.
“In the last few months we have clearly noticed an increasing interest for SRI, especially in Denmark and Norway,” said Magnus Furugård, GES’s managing director.
GES has also set up a Danish arm, GES Investment Services Denmark A/S, formerly Oxford SRI. It remains co-owned by GES and Copenhagen-based Oxford Group. Erik Alhøj is the managing directo of the Danish office.
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