October 16, 2012
The £11.2bn (€13.9bn) Strathclyde Pension Fund has put 24 global blue-chip companies under observation for compliance with international conventions and guidance on the environment, human rights and corruption.
The list has been drawn up by the Glasgow-based fund’s new responsible investment advisor, GES Investment Services, and includes some of the world’s foremost companies, such as BP, Google, HSBC, Microsoft, Nestle and Tesco.
GES will coordinate the engagements with the fund’s asset managers Veritas, Oldfield Partners, Schroders, Baillie Gifford and Lazard.
by Daniel Brooksbank