New UK report urges pension funds to address climate risk

The Institutional Investors Group on Climate Change (IIGCC), a collaboration between pension funds and other institutional investors representing £1,000 billion in assets, together with the Carbon Trust, a UK-government-funded body that helps companies cut harmful emissions, mandated Mercer Investment Consulting to prepare a guide for pension funds on tackling climate change risk. The final report, called “A Climate for Change: A Trustee’s Guide to Understanding and Addressing Climate Risk” , was published on August 8th, 2005.

Baloise Insurance Enters the Portfolio

In the wake of the attacks on September 11, we increased the Fund's exposure to the Swiss insurance industry, with Baloise Insurance joining Zurich Financial Services and Swiss Re. The Basel-based company has clearly-defined strategic principles and does not operate in the United States.

Phonak (hearing aids) enters the Portfolio

A position in the Swiss company Phonak was purchased at the end of May. Phonak specializes in the development, production and distribution of leading-edge hearing systems, and is one of the world leaders in the field. The company concentrates in particular on developing techniques for Claro, its range of entirely digital hearing aids. One year on from first being marketed in February 2000, Claro already accounted for 30% of sales.

The ethos concept attains one billion francs under management

In recent months, the management concept proposed by ethos has met with increasing success, attaining one billion francs under management. In parallel with the ethos Foundation, which manages CHF 880 million for 86 members, the ethosfund investment fund, open to all categories of investors, has assets of CHF 50 million.

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