Sustainable Finance in Switzerland

When I was living and working on my PhD in Scotland, I was pleased to know that I lived in one of the world’s hubs of Socially Responsible Investments [1] (SRI). At the time (early 2000s), the institutional investors (pension or life assurance companies) were key players and as you all know Edinburgh is the northern home of pension houses. Companies such as Standard Life, Scottish Widows, Baillie Gifford all had some form of SRI fund in their portfolios to keep their ethical investors happy. These included churches, university superannuation funds [2] and charitable trusts. These SRI funds generally were “ethical funds”, that is to say they used exclusion criteria. They excluded “sin stocks” such as tobacco, alcohol, gambling, nuclear energy, or weapons manufacturers from their portfolios. Continue reading