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 Posted: Fri Dec 05, 2008 3:04 am Post subject: Africa Investor Launches SRI Index with NEPAD and the UN |
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Africa Investor Launches SRI Index with NEPAD and the UN
4th Dec. '08
Africa investor (Ai), a leading international investment research and communications group, has announced the launch of its Socially Responsible Investment (SRI) Index Series (the Africa investor SRI 50 & Africa investor SRI 30) at the United Nations in New York, as a concrete step to engage investors and business in support of the UN Millennium Development Goals (MDGs) in Africa.
Between 2005 and 2007, global SRI assets increased by 18% while the broader universe of professionally managed assets increased by less than 3%. Research estimates that SRI Assets Under Management (AUM) will reach US $3 trillion by 2011. However, until now no pan-African SRI platform has existed for investors seeking exposure to SRI opportunities in Africa.
Africa investor was commissioned by the New Partnership for Africa's Development (NEPAD) and the United Nations to establish the first internationally recognised pan African SRI benchmark to attract global SRI investment flows to the Africa. The Africa investor SRI Index Series is aligned with the MDGs and internationally recognised ESG principles, which form part of the selection criteria to assess companies working toward the achievement of the Goals.
The SRI Index Series consists of the Ai SRI 50, a benchmark index to give development finance institutions, researchers, analysts and shareholders an overview of SRI across a broad spectrum of businesses and markets in Africa; and the Ai SRI 30, an investable index targeting institutional and retail SRI investors.
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