SRI Briefieng - UBS Global Warming Index - Ilija Murisic - Jun 07

download SRI Briefieng - UBS Global Warming Index - Ilija Murisic - Jun 07

of 3

Transcript of SRI Briefieng - UBS Global Warming Index - Ilija Murisic - Jun 07

  • 8/7/2019 SRI Briefieng - UBS Global Warming Index - Ilija Murisic - Jun 07

    1/3

    Independent analysis ofresponsible investment issues

    riefings

    SRI Briefings Independent analysis of responsible investment issues ISSUE 10, MAY/JUN 2007 , ISSN 1749-589X!"!

    SRIB MAY/JUN 2007 Issue 10Bond market sparks ethical interestsBob Cripps explores the opportunity for SRI in fixed income investments

    #$%&'(()! *+,-$.,&/(+! &.0+,12+.1! 3#456! 7',!8$%9,+:! $.! +;9&1)! &.0+,12+.1! .$1! .+%+,,'*&()! 1$! 17+! /+11+*!&.0+,12+.1! *+19*.,!/91! 1$! 17+!'/&(&1)!$8! +;9&1)!&.0+,1$*,! 1$! &.8(9+.%+! 17+! /+7'0&$9*! $8! '!%$2-'.)?,! 2'.'@+2+.1! B7&%7! -*+,+.1! &.0+,12+.1! &.!8&A+:!&.%$2+!&.0+,12+.1!',!'!%$.,&:+*'1&$.!8$*!+17&%'(!&.0+,1$*,

    Screening#%*++.&.@! 1+%7.&;9+,! '*+! ,&2&('*! 1$!

    1+%7.&;9+,! 1$! ,%*++.! +;9&1&+,!.$*2'(()! @&0+! ,$2+! &.:&%'1&$.! $8! 17+! 89.:&.@!-9*-$,+!',!-'*1!$8!17+&*!%$22+.1'*)

    Investment opportunities

    available1) Construction of ethical income portfolios

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

    I17&%'(!&.0+,12+.1!&.%$2+!-$*18$(&$,!9,9'(()!7'0+!'!,&@.&8&%'.1!'(($%'1&$.!1$!/$.:,!8$*! %(&+.1,! B7$! B'.1! 1$! &.0+,1! -$,&1&0+()! 17+!%7$&%+!&.!17+!/$.:!2'*F+1,!9,+:!1$!/+!8'&*()!(&2&1+:!8*$2!'.!+17&%'(!-+*,-+%1&0+! *+1'&(+*! 17+! O$7.! P+B&,!H'*1.+*,7&-! '.:! 7+'(17! ,+*0&%+,! -*$0&:+*!NQHR

    2) Government bonds

    S$0+*.2+.1! /$.:,>! 17$9@7! 0+*)! ,+%9*+>!7&@7()! (&;9&:! '.:! +',&()! *+'(&,'/(+>! -$,+! '.!&.%*+',&.@! %7'((+.@+! 8$*! +17&%'(! &.0+,1$*,!B7&%7! B$9(:! ,'1&,8)! 2$,1! +17&%'(! %*&1+*&'

    =7+*+! '*+! '(,$! $--$*19.&1&+,! &.! 17+! 91&(&1&+,! ,+%1$*>! :+,-&1+! 17+&*! -'1%7)!*+%$*:!&.!'*+',!,9%7!',!17+!+.0&*$.2+.1!'!.92/+*!$8!%$2-'.&+,!17'1!8$%9,!$.!+.0&*$.2+.1'(!-*$J+%1,!7'0+!(&,1+:>!-'*1&%9('*()!&.!B&.:!+.+*@)!-*$J+%1,

    1%4%5"6/%#$&'2#'

    %$027)5'

    2#4%&$/%#$8'

    2#&9.)#7%'

    ()*%':,' (9$$2#*'6.2#7265%&'2#$"'

    6.)7$27%'

    ()*%';,' -2.&$'

  • 8/7/2019 SRI Briefieng - UBS Global Warming Index - Ilija Murisic - Jun 07

    2/3

    !a!

    SRI Briefings Independent analysis of responsible investment issues ISSUE 10, MAY/JUN 2007 , ISSN 1749-589X

    Business opportunities for asset financeClimate change can bring business opportunities for the asset finance industry according to a new report by the UKSocial Investment Forum (UKSIF), Green opportunity: accelerating the financing of the low carbon assets.

    =7+! *+-$*1! +A-($*+,! 17+! %$22+*%&'(! %',+! 8$*! 8&.'.%&.@!

    ',,+1,>!B7&%7! %$.1*&/91+!(+,,! 1$!%'*/$.! %7'.@+>!7&@7(&@71&.@!17'1!',,+1!8&.'.%+!%$2-'.&+,!%'.!@*$B!/9,&.+,,!/)!',,&,1&.@!%(&+.1,! 1$! ,7&81! 17+&*! ,-+.:&.@! 8*$2! +.+*@)! %$,1,! 1$! (+',&.@!.+B!+;9&-2+.1

    R(17$9@7!17+*+!7',!/++.!(&11(+!8$%9,!1$!:'1+!&.!',,+1!8&.'.%+!$.!17+!$--$*19.&1&+,!$88+*+:!/)!8&.'.%&.@!($B+*!%'*/$.!',,+1,>!17+!*+-$*1!8$*+%',1,!17'1!17&,!,%+.'*&$!&,!,+1!1$!%7'.@+

    N',+:! $.! &.1+*0&+B,! B&17! &.:9,1*)! +A-+*1,! 8*$2! (+':&.@!',,+1! 8&.'.%+! %$2-'.&+,>! 17+! *+-$*1! 7&@7(&@71,! 17'1! 2$,1!+A-+%1! 17+&*! %$2-'.&+,! 1$! ,7$B! &.%*+',&.@! '%1&0&1)! &.! 17&,!'*+'

    R! *'.@+! $8! :*&0+*,! 8$*! ',,+1! 8&.'.%+! %$2-'.&+,! '.:! 17+&*!,1'F+7$(:+*,!B+*+!&:+.1&8&+:

    =7+!$--$*19.&1)!1$!%'-19*+!'!/&@@+*!,7'*+!$8!'!%$2-'.)?,!+.+*@)D*+('1+:!,-+.:&.@!

    I,1'/(&,7&.@!8&*,1!2$0+*!':0'.1'@+

    4'&,&.@!'B'*+.+,,!B&17&.!17+!,9--()!%7'&.!'/$91!17+!*$(+!$8!(+',&.@!

    N+.+8&1&.@!8*$2!&.%*+',&.@!@$0+*.2+.1!8$%9,!$.!17+!,7&81!1$!'!($B!%'*/$.!+%$.$2)

    M$22+.1&.@! $.! 17+!*+-$*1>!#'2!S+.++.>!%7'&*2'.!$8! 17+!E&.'.%+! G! P+',&.@! R,,$%&'1&$.! 3EPR6! ,'&:V! b=7+*+! &,! '!,&@.&8&%'.1! $--$*19.&1)! 8$*! $9*! ',,+1! 8&.'.%+! 2+2/+*,! 1$!,9--$*1! 17+!9,+!$8! ($B!%'*/$.! %'-&1'(! +;9&-2+.1>!/+.+8&1&.@!%(&2'1+!%7'.@+!'.:!&.%*+',&.@!.+B!/9,&.+,,! M7&%'@$>! P',! h+@',! '.:! C+B! i$*F>! ',! %9**+.1()!17+,+!'*+!17+!2$,1!'%1&0+()!1*':+:!$.!17+!M7&%'@$!K+*%'.1&(+!IA%7'.@+!3MKI6!'%%$*:&.@!1$!17+!/'.F

    =$!/+!+(&@&/(+!8$*!&.%(9,&$.!1$!17+!SY5>!17+!0$(92+!$8!8919*+,!1*':+:!8$*!'.)!@&0+.!%&1)!29,1!*+-*+,+.1!$.+!-+*%+.1!$*!2$*+!$8!17+!1$1'(!B+'17+*!:+*&0'1&0+,!1*':+:!$.!17+!MKI

    =7+! B+'17+*! :+*&0'1&0+,! 2'*F+1! 7',! ,++.! ,1*$.@! @*$B17!B&17!17+!&2-'%1!$8!%(&2'1+!%7'.@+!,'&:!5(&J'!K9*&,&%>!+A+%91&0+!:&*+%1$*>!7)/*&:!:+*&0'1&0+,!1*':&.@!

    '1!QN#>!&.!'!,1'1+2+.1

    In Brief ..

  • 8/7/2019 SRI Briefieng - UBS Global Warming Index - Ilija Murisic - Jun 07

    3/3

    !"W!

    SRI Briefings Independent analysis of responsible investment issues ISSUE 10, MAY/JUN 2007 , ISSN 1749-589Xj!L9*,1B$$:!5.8$*2'1&$.!#+*0&%+,!

    Copyright: Y7&(+!B+!B'.1!)$9!1$!2'F+!17+!/+,1!9,+!$8!#45!N*&+8&.@,>!B+!'(,$!.++:!1$!-*$1+%1!$9*!%$-)*&@71!.$! (&'/&(&1)! &,!'%%+-1+:!/)! 17+!-9/(&,7+*,!.$*! /)!'.)! $8!17+! '917$*,!$8! 17+!%$.1+.1,!$8!17+!-9/(&%'1&$.>!8$*!'.)!($,,!$*!:'2'@+!%'9,+:!1$!'.)!-+*,$.!*+()&.@!$.!'.)!,1'1+2+.1!$*!$2&,,&$.!&.!17+!-9/(&%'1&$.!2+%7'.&%'(>!-7$1$%$-)&.@>!*+%$*:&.@>!

    Editor: #9,'.!g*9*)!l!!! Tel: m[[!3W6"\a`!^X[\WXn^`^]W^!l!!! Fax: m[[!3W6"\a`!^`]^[W!l!!! Email: ,:*9*)o,*&/!!! =9./*&:@+!Y+((,>!!! T+.1>!!! =C[!\iR>!!! QSubscriptions: ^WW!8$*!f!&,,9+,!-+*!)+'*

    Seeking a wider audience for yourresearch, news and events?

    SRI Briefings and The London Accord

    welcome quality research and eventslistings from industry analysts,professional bodies and institutions inthe sustainable investment field.

    Contact the Editor, SRI Briefings.Email: [email protected]

    www.srib.co.uk

    Or visit The London Accord at:www.london-accord.co.uk

    In Brief ..Kew Insurance launches green home policyUK insurance brokers Kew Insurance have launched an innovative Simply Green home insurance policy, whichoffers discounts ranging from five percent to 20 percent off the usual cost of home insurance. The policy willreward home insurance customers who make the Green Promise to take measures to cut carbon emissionswithin their home.

    L$2+$B.+*,! B7$! 1'F+! 2&.$*! ,1+-,! 1$! &2-*$0+! 17+&*!7$9,+7$(:?,! %'*/$.! 8$$1-*&.1>! ,9%7! ',! &.,1'((&.@! ($81!&.,9('1&$.>! :$9/(+! @('p&.@>! :*'9@71! +A%(9:+*,! '.:! ($B!+.+*@)!(&@71!/9(/,>!,B&1%7&.@!$88!+(+%1*&%'(!'--(&'.%+,!'1!17+!2'&.,! '.:! *+%)%(&.@! B',1+>! B&((! +'*.! 8&0+! -+*%+.1!:&,%$9.1,

    E$*! 17$,+! B7$!2'F+!2'J$*! %7'.@+,!B&17&.! 17+&*! 7$2+,!,9%7! ',!17+! &.,1'(('1&$.! $8!,$('*! -'.+(,! $*!'! B&.:! 19*/&.+!17+*+!B&((!/+!'!`W!-+*%+.1!:&,%$9.1!'0'&('/(+

    5.!'::&1&$.! 1$! 17+! ,'0&.@,! '0'&('/(+! 17*$9@7! 17+! #&2-()!S*++.!-$(&%)>!T+B!$88+*,!'!-*&%+!2'1%7!/+.+8&1>!-*$2&,&.@!1$!2'1%7!'.)!%$2-+1&1$*?,!;9$1+!-*$0&:+:!&1!&,!(&F+D8$*D(&F+!%$0+*

    bY+! '*+! 0+*)! -(+',+:! 1$! /+! 17+! 8&*,1! 7$2+! &.,9*'.%+!&.1+*2+:&'*)!1$!*+B'*:!$9*!%9,1$2+*,!B7$!2'F+!'!@+.9&.+!S*++.!H*$2&,+!1$!%91!%'*/$.!+2&,,&$.,!B&17&.!17+!7$2+>c!%$22+.1+:! g'0&:! N$).+11+>! 2'.'@&.@! :&*+%1$*! $8! T+B!5.,9*'.%+

    5.,9*+*,!P+@'(!G!S+.+*'(!9.:+*B*&1+!17+!-$(&%&+,

    Ethical investment amongst UK customers grows

    Ethical investment is on the increase in the UK, according to recent research by Friends Provident. The life andpensions provider has seen the number of new retail customers investing ethically more than double in the past10 years.

    4+%+.1()!E*&+.:,!H*$0&:+.1!'..$9.%+:!17'1!&1,!2'.'@+:!+17&%'(!89.:,!7':!-',,+:!17+!dX!/&((&$.!3e^!/&((&$.6!2'*F

    =7+! *+,+'*%7! /',+:! $.! 17+! -*$0&:+*?,! `W]>WWW! +17&%'(!&.0+,12+.1! %9,1$2+*,! +A'2&.+:! 1*+.:,! &.! ,$%&'(()!*+,-$.,&/(+!&.0+,12+.1!'.:!*+0+'(+:!17'1V!

    =7+!'0+*'@+!'@+!$8!'.!&.0+,1$*!B7+.!17+)!8&*,1!&.0+,1!+17&%'(()!7',!*&,+.!8*$2!X\!&.!"aa]!1$!["!%9**+.1()

    =7+*+!&,!'.!&.%*+',+!&.!17+!'@+!$8!+17&%'(!&.0+,1$*,>!,9@@+,1&.@!$(:+*!-+$-(+!'*+!&.!19.+!B&17!,$%&'(()!*+,-$.,&/(+!&.0+,12+.1

    I17&%'(!&.0+,12+.1!&,!.$1!@+.:+*!,-+%&8&%>![f!-+*%+.1!$8!&.0+,1$*,!/+&.@!8+2'(+!'.:! !-+*%+.1!2'(+

    R(17$9@7!'(2$,1!'!;9'*1+*!$8!+17&%'(!&.0+,1$*,!'*+!/',+:!&.!P$.:$.!17+*+!&,!'(,$!'!@*$B&.@!%$22&12+.1!1$!+17&%'(!&.0+,12+.1!&.!

    17+!*+@&$.,>!"X!-+*%+.1!$8!+17&%'(!&.0+,1$*,!'*+!8*$2!17+!K&:('.:,>!"W!-+*%+.1!8*$2!17+!#$917!$8!I.@('.:!'.:!+&@71!-+*%+.1!8*$2!+'%7!$8!Y'(+,!'.:!17+!Y+,1>!P'.%',7&*+!'.:!i$*F,7&*+

    bH+$-(+! 8*$2! '((! B'(F,! $8! (&8+! '*+! 8&.:&.@! 17'1! ,$%&'(()!*+,-$.,&/(+! &.0+,12+.1! &,! '! *+'(! $-1&$.! 8$*! '.)/$:)! B7$!%'*+,!'/$91!B7'1!17+&*!2$.+)!&,!:$&.@>c!,'&:!O9(&'!g*+/($B>!2'*F+1&.@!2'.'@+*! 8$*!,$%&'(()! *+,-$.,&/(+!&.0+,12+.1! '1!E*&+.:,!H*$0&:+.1

    #9%7!@*$B17!&,!/$*.+!$91!/)!17+!5.0+,12+.1!K'.'@+2+.1!R,,$%&'1&$.>! B7&%7! -9/(&,7+:! 8&@9*+,! ,7$B&.@! 17'1!+17&%'(!

    89.:,!9.:+*!2'.'@+2+.1!&.!r"!`WW]!,'B!'.!&.%*+',+!$8!+&@71!-+*%+.1!$.! 17+! -*+0&$9,!;9'*1+*!'.:! 9-!`"! -+*%+.1!8*$2!r"!(',1!)+'*>!-',,&.@!17+!d^!/&((&$.!2&(+,1$.+

    C+1!*+1'&(!,'(+,!$8!daa