The concept of socially-responsible investment (SRI) is dying, according to Jon Williams, a partner at PricewaterhouseCoopers, although he admits the models of negative and positive screening and engagement could remain valuable for certain types of investors. Investors are instead beginning to understand the underlying thematics in the environmental, social and governance (ESG) space where value is created, he argued. “Sustainability has held up reasonably well during the downturn,” said Williams, who was speaking at the Allianz Global Investors workshop entitled Global Warning: Sustainable investments in times of polar and financial meltdown, in Dublin last Thursday. More…

Source: IPE.com