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'Responsible' investor group toughens code on global members

Reuters  |  BOSTON 

By Ross KerberBOSTON (Reuters) - A UN supported group pushing for "responsible" investment said it has adopted tougher rules aimed at making fund managers deliver on pledges to pay attention to environmental, social and governance (ESG) issues.The requirements described in recent interviews by leaders of the UK-based Principles for Responsible Investment (PRI) include that signatories adopt policies that describe their approach to responsible investing and that top executives oversee the work. Laggards could be delisted starting in 2020. The new rules pose a test for U.S. asset managers led ...

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First Published: Wed, December 06 2017. 04:12 IST