Momentum is growing for sustainable and responsible investment. In a world where successful trends are measured by internet hits, SRI searches were up from 66.2 million in 2008 to 175 million in 2009. In 2008, SRI funds accounted for EUR 2,700 bn, 17.5% of Europe’s total assets under management. In their typically non-showy way, the Nordic markets are leading the push towards SRI. Considering that Scandinavia accounts for only 3% of Europe’s total population, its SRI total of EUR 597 bn accounts for a staggering 22% of Europe’s total SRI assets under management. Scandinavian signatories of the UN PRI – represent around 10% of the 720 total (as of April 2010).
Danish Sparinvest signed the United Nations Principles for Responsible Investment in December 2009. Kasper Billy Jacobsen, Chief Portfolio Manager within Sparinvest’s Value Equities team, also chairs the internal committee that was set up to oversee the introduction of ESG considerations into the investment process. In this article, he explains why it is important to take the time to get things right.