September 17, 2009
GES Investment Services has submitted its fourth Communication on Progress to the UN’s Global Compact. In addition, GES has joined the UN campaign Seal the Deal! in the UN’s call for a post-Kyoto climate agreement in December.
GES Investment Services joined the UN Global Compact in 2004. Through its business practices the company is continuously committed to bring Environmental, Social and Governance (ESG) services to institutional investors and asset managers. In practice this means that GES on a daily basis works to advance the ten UN Global Compact Principles in the areas of human rights, labour, environment and anti-corruption in relation to a number of quantitative and qualitative analysis services.
“GES Investment Services has significantly been able to maintain the same capital under advice due to new client agreements, although the market fell in 2008. Assets under our ESG advice now amount to EUR 350 billion”, says Magnus Furugård, President and Managing Director.
Seal the Deal! is a UN campaign calling for a fair, balanced and effective post-Kyoto climate agreement at the UN Climate Change Conference (COP 15), to be held on December 7-18, 2009, in Copenhagen. In support of Seal the Deal! The Global Compact is reaching out to its participants to galvanize global business support for the campaign and GES Investment Services has decided to join.
GES Investment Services is also committed to the UN Initiative Caring for Climate, which is a voluntary and complementary action platform for UN Global Compact participants who seek to demonstrate leadership on the issue of climate change.
“Supporting the development of a sustainable future can be done through improved management of investments. By committing ourselves further via the Caring for Climate and Seal the Deal! campaign, we hope to assist and encourage our clients in achieving better investments, where financial and reputational gains of ESG issues are concerned”, Magnus Furugård concludes.
For more information on GES Investment Services’ Communication on Progress: 2008-2009