Responsible Investment the Mainstreaming of SRI

The evolution of assets imder management in socially responsible investment presented in the previous chapter is accompanied by and probably also - at least to some extent supported by an institutionalization and a mainstreaming of such practices. 

This institutionalization and mainstreaming phenomenon is characterized by changes in the legal environment pushing pension funds into SRI (see box on p. 20) as well as by several financial industry initiatives encouraging major players to embrace the SRI concept. 

Changing legal environment pushes pension funds into SRI 

Since July 2000, the Trustee Act requires all pension fund trustees to disclose their pohdes on socially responsible investment. 

Since January 2002, the new pension law requires private and corporate pension schemes to disclose their policies on socially responsible investment. 

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