New global charter for responsible investment

In case you missed it on April 27, Kofi Annan rang the opening bell at the NYSE and announced the launch of new UN Principles of Responsible Investment. Calling the UN and business natural partners, Annan noted:

The Principles provide a framework for achieving better long-term investment returns, and more sustainable markets. They offer a path for integrating environmental, social and governance criteria into investment analysis and ownership practices. If implemented, they have tremendous potential to more closely align investment practices with the goals of the United Nations, thereby contributing to a more stable and inclusive global economy.

The UN is putting its money where its mouth is by signing up its own pension fund to adhere to the principles.