GES Investment Services and UN Global Compact Communication on Progress 2006-2007
GES Investment Services joined the UN Global Compact in 2004. We are through our business idea committed to bring Environmental, Social and Governance (ESG) services to institutional investors and asset managers. In practice this means that we daily work to advance the ten Global Compact principles in the areas of environment, human rights and anti-corruption. In everything we do we set a pride in taking responsibility as individuals and as a company. An essential part of this is to walk our talk in sustainability issues. Or as expressed in our mission: Everyday, we make it a little bit better – investments, companies, our business and, of course, the world.
Our premier opportunity to make a difference is through our services. They are based on the international norms as expressed in the UN Global Compact Principles and the OECD Guidelines for Multinational Enterprises, which we consider as guidelines for a global market, both for corporations and investors. During 2006-2007, this has rendered us a 92 percent increase in assets under our advice, now totalling 250 billion Euros.
On behalf of our clients – including numerous well-known pension funds, banks and other investors – we perform environmental and social screening of more than 4,000 of the largest listed companies in the world. With some of them we engage in dialogue and active ownership in order to improve performance. During 2006-2007, notable progress has been achieved with numerous companies.
Internally, travelling is our major environmental impact. Therefore we uphold a travel policy recommending train transportation when travelling less than 600 kilometres. During 2007, we have began accounting CO2 emissions for all travels which will be compiled in a report, with the aim to annually reduce these emissions.
President, GES Investment Services
Sep 25, 2007
Previous Communications on Progress: