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Beyond the fringe

The recent financial turmoil has made corporate governance the focus of attention, strengthening the hand of socially responsible investment proponents. How crucial will SRI become to pension schemes' and insurers' investment strategies? Clive Davidson reports

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The incorporation of environmental, social and governance (ESG) factors into investing used to be a fringe concern. Specialist ethical funds might have attracted the investments of cat-lovers, greens and peaceniks, but ESG was not viewed as relevant for serious institutional investors, except perhaps for some dabbling by public sector pension funds in the more socialist European countries. But

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