The range of responses by UK-based financial institutions have, taken as a whole, resulted in a range of world class innovative financial and risk management products that are starting to play a significant role in the financing of sustainable development.
Who is supporting this initiative?
To date we have had a very positive response from City institutions, and a broad range of organisations have pledged their support, with more considering signing up:
– The Association of British Insurers
– Apax Partners
– Friends Ivory & Sime
– Friends Provident
– The Co-operative Insurance Society
– The Co-operative Bank
– SG Asset Management
– Universities Superannuation Scheme
– UK Social Investment Forum
– Henderson Global Investors
– Jupiter Asset Management
– ADAM Allianz Dresdener
– Quadris Environmental Investments Ltd
What happens next?
It is important to remember that the London Principles project has life beyond Johannesburg. To this end the Corporation of London will be signing a memorandum of understanding to promote the Principles on the international stage, and we are currently exploring the options for the establishment of a secretariat, which can build on this work, look at methods of reporting against the Principles, explore new markets and most importantly promote UK expertise in this market overseas.