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(New York, 3 October 2006) - On 27-28 September more than 100
leading financiers and investment professionals gathered at the UN Global
Compact's third annual Who Cares Wins conference, convened in Zurich,
Switzerland, in partnership with the International Finance Corporation and the
Swiss Department of Foreign Affairs.
The Global Compact
launched the Who Cares Wins initiative in June 2004 with the aim of assisting
the mainstream financial community with the integration of environmental, social
and governance issues into investment analysis and management. The
initiative has been endorsed by the CEOs of more than 20 of the world's largest
investment companies and played a role in this year's launch of the Principles for
Responsible Investment -- today endorsed by asset owners and asset managers
representing more than $5 trillion (see www.unpri.org)
The third annual
conference focused on the interface between investment analysts and
corporations, with a number of senior executives of major companies in
attendance.
"It is evident that better communication is needed
between companies and the mainstream financial markets around the tenets and
benefits of corporate citizenship", said Gavin Power, head of financial-markets
initiatives at the Global Compact. "There is clearly an opportunity for
companies to better explain how the implementation of their citizenship policies
link to the value drivers of the business -- from the standpoint of both risks
and opportunities. At the same time, analysts and fund managers have a
role to play in encouraging companies to adopt relevant policies and disclose
results in ways that are meaningful".
At the conference a document
was released describing the major developments that have occurred in this field
during the past year. (See below)
A full report of the conference
will be published within the next several months.
Click here to access agenda of conference.
Click here to access list of participants.
Click here to access chronology of achievements.
Click here to access remarks by Gavin Power.
For more information please contact
Gavin Power
Head of Financial Markets
Initiative
powerg@un.org
