Innovest Strategic Value Advisors, Inc.

Who Cares Wins: Connecting Financial Markets to a Changing World

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Courtesy of Innovest Strategic Value Advisors, Inc.

This report is the result of a joint initiative of financial institutions which were invited by United Nations Secretary-General Kofi Annan to develop guidelines and recommendations on how to better integrate environmental, social and corporate governance issues in asset management, securities brokerage services and associated research functions. Eighteen financial institutions from 9 countries with total assets under management of over 6 trillion USD have participated in developing this report. The initiative is supported by the chief executive officers of the endorsing institutions. The U.N. Global Compact oversaw the collaborative effort that led to this report and the Swiss Government provided the necessary funding.
The institutions endorsing this report are convinced that in a more globalised, interconnected and competitive world the way that environmental, social and corporate governance issues are managed is part of companies’ overall management quality needed to compete successfully. Companies that perform better with regard to these issues can increase shareholder value by, for example, properly managing risks, anticipating regulatory action or accessing new markets, while at the same time contributing to the sustainable development of the societies in which they operate.
Moreover, these issues can have a strong impact on reputation and brands, an increasingly important part of company value.
The report aims at increasing the awareness of all involved financial market actors, at triggering a broader discussion, and supporting creativity and thoughtfulness in approach, rather than being prescriptive. It also aims to enhance clarity concerning the respective roles of different market actors, including companies, regulators, stock exchanges, investors, asset managers, brokers, analysts, accountants, financial advisers and consultants. It therefore includes recommendations for different actors, striving to support improved mutual understanding, collaboration and constructive
dialogue on these issues.

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