Sovereign Wealth Fund & Asset Management Profiles Added To Governance & Accountability Institutes SustainabilityHQ Web-based Platform
(New York, NY, August 23, 2011) -- Governance & Accountability Institute today announced the addition of six new ESG/Sustainability profiles on its proprietary web platform, SustainabilityHQ (SHQ). Three are in the sovereign wealth fund category and three in the asset management class. SHQ contains profiles and monitoring of key players in ESG and SRI investing (environmental, social and governance factors; sustainable and responsible investment).
Links below are accessible for G&A client organizations and SHQ subscribers. The new profile additions are:
Sovereign Wealth Funds
Mauritania National Fund for Hydrocarbon Reserves: The fund is managed by the Mauritanian Central Bank Ministry of Finance. The fund is financed through a variety of oil-related sources.
International Petroleum Investment Company (IPIC): The International Petroleum Investment Company, which is wholly owned by the Government of the Emirate of Abu Dhabi, invests in hydrocarbons industries across the globe. The firm claims that the estimated worth of its portfolio is over USD$50 billion of which the balance sheet grew from US$23 billion December 2009 to US$47 billion by December 31, 2010.
Norwegian Public Service Pension Fund: The Statens Pensjonskasse (SPK) administers programs for pensions, insurance, and housing 970,000 government workers and many researchers. Money is automatically deducted from paychecks and deposited in the pension fund. Membership is mandatory, and the fund falls under the purview of Norway's Ministry of Government Administration and Reform.
Asset Owners / Managers
La Compagnie Benjamin de Rothschild: Compagnie Benjamin de Rothschild introduces its strategies this way: "Compagnie Benjamin de Rothschild continues the Rothschilds' prestigious tradition of serving industry. We have taken five major principles of company risk management on board, because, in our view, the only way to achieve long-term profitability is to control risks." The five risk management principles are prevention, transparency and liquidity, realism, adaptability, and partnerships.
Green Century Capital Management & Green Century Funds: Green Century describes itself as providing "a new option for investors, empowering you to use the power of your investment dollars to encourage environmentally responsible corporate behavior. Green Century recognizes that business as usual will not create the green future we seek." Green Century takes a long-range view of investments.
Global Environment Facility: The Global Environment Facility provides grants to developing countries and countries with economies in transition for projects related to biodiversity, climate change, international waters, land degradation, the ozone layer, and persistent organic pollutants.
Those interested in more information about SustainabilityHQ can contact Governance & Accountability Institute via email (info@ga-institute.com). There are also information and samples of profiles, news, and more on the public access pages here: www.sustainabilityhq.com.Journalists interested in a demo of the platform can contact Peter Hamilton at: phamilton@ga-institute.com
Hank Boerner, Chairman and CEO of Governance & Accountability Institute, in announcing the additions said: We profile and monitor these asset managers because in the case of Sovereign Wealth Funds, collectively these are a relatively new and powerful class of investors investing in many asset classes in almost every world region. Increasingly the funds are following the example of Norway SWF in embracing sustainability frameworks for analytics and decision-making. The asset managers we profile are known to be embracing sustainability and ESG and related frameworks as well.
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