The estimate is launched ahead of Good Money Week (18 – 24 October 2015), which aims to raise awareness of sustainable and responsible finance.
Commenting on the estimate, Stephen Hine, Deputy CEO at EIRIS, said: “With continued consumer interest in global issues like climate change, human rights and equality, it is not surprising that consumers are keen to explore responsible finance. Leading financial product providers are developing products with responsible investment strategies for this growing market.”
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Notes to editors
1. As at end of July 2015 EIRIS estimates that there was approximately over £15bn invested in the UK’s green and ethical retail funds. The figure is an estimate based on funds under management figures of around 83 UK domiciled green or ethical retail funds. It seeks to avoid money in funds domiciled outside of the UK. This information is based on information available to EIRIS, provided by fund providers or available through online research in September & October 2015. Due to availability of information, some funds under management figures are based on figures other than at July 2015. EIRIS’ historic estimates on the UK green and ethical retail fund market are available online.
2. EIRIS is one of the global leaders in the environmental, social and governance (ESG) analysis of companies and states. With over 30 years of experience in the field of extra-financial research and the development of strategies for responsible investment, EIRIS today works with more than 200 asset managers and institutional investors worldwide. Based in London with offices in Paris and Washington DC, and a global network of partners, EIRIS offers a wide range of material environmental, social and governance criteria. On 13 October 2015, it was announced that Vigeo and EIRIS will merge to create a single European agency with a strong network of partners around the world.
3. YourEthicalMoney (yourethicalmoney.org) is a free, online, independent resource for consumers beginning to explore green and ethical finance, maintained by the EIRIS Foundation. The resource addresses green and ethical concerns related to areas of finance including banking, investments, insurance and credit cards.
4. Good Money Week (goodmoneyweek.com) is a national campaign from 18 – 24 October 2015 run by the UK Sustainable Investment and Finance Association (UKSIF), which is aimed at raising awareness of sustainable and responsible finance to help people and organisations make good money choices.