Banks move to scale back socially responsible investing

Several banks are cutting back their analysis of companies’ socially responsible policies, according to Thomson Reuters, which does a regular survey of equity analysts …… Sarah Wilson, the chief executive of shareholder adviser Manifest, was more concerned about the impact of the financial crisis on responsible investing and good corporate governance. She said: “Investment banks and fund managers have made cuts to their corporate governance teams and it is not helpful at a time when everyone is calling for more engagement ….

Mark Cobley, 08 Jun 2009

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