Some fund managers just undertake some basic ethical screening – perhaps screening out ‘sin’ industries such as tobacco – which may go far enough for them.
Investec understand that need to exclude of course, however they would like to see an industry which goes beyond this.
Investec are looking to invest in long term funds which will have a net benefit to society and lead on environmental, social and governance management issues.
So how can looking at these issues be a way of generating consistent long term returns?