The study challenges the notion that the profit objective is the most important factor in choosing investment vehicles. Conducted on behalf of the agency’s Financial Initiative, the study focused on the capital markets in Australia, Canada, France, Germany, Italy, Japan, the United Kingdom and the United States.”This is groundbreaking work that will accelerate the integration of environmental, social and governance issues into the mainstream investment community worldwide,” UNEP Executive Director Klaus Toepfer said of the study, which the agency released to coincide with its two-day Global Roundtable that has brought some 450 participants to UN Headquarters in New York to discuss the results.Paul Watchman, partner in Freshfields, Bruckhaus, Deringer and senior author of the 150-page study, told reporters in New York that its aim was to determine to what extent environmental, social and governance considerations might be integrated into investment policy, and whether or not the law supported such a view.”Investment decision makers have broad discretion to take into account environmental, social and governmental considerations, in fact we argue they have a duty to do so in certain instances particularly where it goes to value,” he said, but also where there is a consensus among the broad group of beneficiaries.The study offers examples of how companies adopting socially responsible practices avoided future liabilities and losses. It also noted that 70 per cent of 195 fund managers polled in 2005 thought these issues would be integrated into mainstream decision-making within the next three to 10 years.These developments could have implications for countries trying to achieve the global antipoverty Millennium Development Goals (MDGs), because investment companies are developing metrics that measure whether a company is aligned with concerns such as poverty alleviation and environmental impact, UNEP’s Head of Research, Paul Clements-Hunt head, said.Already UNEP has developed over a dozen environmental metrics as part of its Global Reporting Initiative which seeks to integrate sustainability in the measurement of a company’s performance.
by News Staff Posted Apr 27, 2016 6:14 pm MDT Last Updated Apr 28, 2016 at 7:13 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Earls Restaurant to use Certified Humane Beef; will import from Kansas It appears many Canadians have a beef with Earls Restaurant.The Canadian chain has announced it is now only using Certified Humane Beef and will be importing those products from Kansas, instead of Canadian producers.Earls will however still use Canadian eggs, pork and chicken.The company has an extensive page on its website about the decision.“Animals that are raised on Certified Humane® farms are treated with care, respect and dignity. These ranches are continually audited to ensure animals are humanely treated and ethically cared for from birth to pasture to pen,” the company says, adding why it’s moving away from Canadian beef.“After months of trying, we were unable to source a federally inspected, Certified Humane producer that could consistently meet our large supply needs,” the company said. “We travelled to see the ranches and abattoirs in the US, met with Dr. Temple Grandin…and in this case, Certified Humane was more important to us than origin, so we chose a US supplier for our beef.”The move drew a ton of reaction on Twitter, including Wildrose Leader Brian Jean.Disappointed to see @earlsrestaurant move away from Alberta Beef. Alberta farmers work hard to produce the best beef in the World. #ableg— Brian Jean (@BrianJeanWRP) April 27, 2016Canadian Cattlemen’s Association General Manager Rob McNabb feels the same way.“Basically disappointment that they didn’t discuss or consult with us on what we might be able to offer relative to certification or verification of these type of practices,” he said. “I don’t think that we’re second to anyone in the world as far as the level of care that our producers take in both raising their animals and ensuring a healthy and high quality product.”McNabb added his organization is currently implementing an animal care and sustainable production documentation program.“Certainly our door is open for us to present the type of program that we’re developing and I don’t doubt in the future that discussion will take place,” he said.