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Ruth Le Pla
Ruth Le Pla
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Calls for more responsible investment practices

Tuesday 2nd of August 2011

Speaking at the 2011 Responsible Investment Briefing in Auckland, executive director Barry Coates said some parking metres earn about as much in an hour as 70% of the world's population each earn in a day.

"Some 1.4 billion people live in extreme poverty", he said, "and the tragic thing is that things are not getting any better. They're getting worse in many ways. This is due to multiple crises of food and water, climate change and the global financial crisis.

"There are 50,000 people dying every day of poverty-related causes. This is an issue that we have to make sure is included in an integrated approach to responsible investment."

The Oxfam research paper -- ‘Better returns for a better world. Responsible investment: overcoming the barriers and seeing the returns' -- identifies three major structural barriers that prevent poverty reduction and development issues being more fully integrated into investment practices.

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Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
3 hours ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
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FMA outlines its latest expectations for advisers
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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