Apr. 05 /CSRwire/ -
Caisse des Dépôts joins forces with the United Nations
At the behest of the United Nations, with joint support from the United Nations Environment Programme (UNEP) and the Global Compact (UN Principles of Corporate Citizenship), this working group was formed in response to growing awareness on the part of institutional investors of the impact of environmental, social and corporate governance issues on investment performance and security. Francis Mayer, CEO of Caisse des Dépôts, which has joined the Global Compact, was receptive to the proposal put forth by Klaus Töepfer, UNEP's Executive Director. Caisse des Dépôts thus joins forces on this project with a number of pension funds, insurers and other global institutional investors.
The key role of institutional investors in promoting sustainable development
The work of this group of international experts will lead to the elaboration of principles and an implementation guide for investors as well as regulators. This responsible investment framework, built on the basis of best practices from around the world, will serve as a useful guide for institutional portfolio management.
France's principal long-term institutional investor, Caisse des Dépôts intends to make a significant contribution to this project, inscribing its own policies and procedures, which are already being developed, within a recognized and accepted international process for elaborating new international standards.
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