ABSTRACT

A survey undertaken briefly after the UK regulation came into effect found that 49% of pension funds, accounting for 78% of assets, have passed some kind of amendment to their statements of investment principles (SIP) (Mathieu 2000). This United Kingdom Social Investment Forum (UKSIF) survey might lead one to conclude that disclosure rules can stimulate pension fund engagement in SRI. Other surveys come to a less positive conclusion, in particular regarding the implementation of the SRI commitment in their SIP.