Article date: 12 March 2002
Morley Fund Management (‘Morley’) has won the‘Sustainable and Ethical Investment and Asset ManagementAward’ at The Liveable City Awards.
The awards were presented by the Chief Commoner, JonathanCharkham, on 20 February 2002 in the City of London in recognitionof outstanding achievement in environmental protection by Citybusinesses.
The Liveable City Awards were established by a consortium oforganisations including the Corporation of London, The SustainableCity Forum and some of the City’s leading LiveryCompanies.
Morley’s entry was based around four mainachievements:
- One of the largest dedicated Socially Responsible Investment(SRI) teams in the UK providing a range of retail and pensionfunds.
- A Corporate Governance Voting Policy that requires companiesto disclose their policy on social and environmental issues.
- The launch of the UK’s first institutional propertyregeneration fund – the IGLOO Regeneration Partnership.
- Their belief in Positive Engagement with the companies thatthey invest in to influence them to improve their social andenvironmental performance.
Commenting on the award, Paul Moody, Head of BusinessDevelopment – SRI at Morley Fund Management, said: “Weare delighted to win this award and to be recognised for ourachievements over the last year. Morley has made great stepstowards establishing ourselves as the leading provider of SRI inEurope, through our SRI fund range, Corporate Governance Policy andour engagement with companies to ensure best practice.”
Commenting on Morley’s application, Steven Lines, Chairmanof the Sustainable City Forum Property Sub-Group, said: "This was astrong entry from one of the leading firms in this field. Morleyhave one of the largest Socially Responsible Investment teams inthe country and have tried to integrate sustainability into theirmainstream analysis of companies. They are also actively engaged inCorporate engagement programmes through which they try to improvethe performance of companies in which they invest."
For further information please contact:
Vicki Rhind, Communications 020 7809 6128 Paul Moody, Head ofBusiness Development – SRI 020 7809 6197
Notes to Editors
Morley’s SRI Team
Led by Clare Brook, the socially responsible investment team is oneof the largest, the most experienced in the UK.
Clare and her colleagues have been working together for nearly adecade. In this time, they have grown in reputation and status.Team members are frequently asked for advice by companies,Non-Governmental Organisations (NGOs) and government departments.The team was involved with policy making for the new legislationthat requires pension fund trustees to disclose their stance onsocial and environmental issues.
The team has a global perspective and a global reputation,having worked with investment consultants from around the world.Its research efforts focus on the world-wide activities of thecompanies in which it invests. Members are regularly asked to speakat overseas conferences on SRI issues.
Morley Fund Management
Morley Fund Management (‘Morley’) is an independentlymanaged, London based, asset management business with over £105billion under management. It has investment management operationsin London, Tokyo and Singapore and an associate office inBoston*.
Morley is a wholly owned subsidiary of the CGNU Group andmanages both institutional and retail funds under the Morley brand.It also acts as investment manager for a range of retail investmentfunds, marketed in the UK under the Norwich Union brand.
CGU plc and Norwich Union plc merged on 30 May 2000 to createCGNU plc, the UK’s largest insurance group and one of thetop-five insurers in Europe with substantial positions in othermarkets around the world, making it the world’s seventhlargest insurer based on gross worldwide premiums.
*Norwich Union Investment Management, a CGNU Group company
Further information about Morley Fund Management can be found atwww.morleyfm.com
Issued by Morley Fund Management Limited.
Morley Fund Management is a business name of Morley FundManagement Limited, registered in England No. 1151805 and MorleyInvestment Services Limited, registered in England No. 1973412.Both are members of the Norwich Union Marketing Group, members ofwhich are regulated by the FSA for life assurance, pensions andinvestments. Morley Investment Services Limited is a member of theInvestment Management Association. Registered Offices: No. 1Poultry, London EC2R 8EJ. Both are CGNU Group companies.
For correspondence please contact us at Morley Fund Management,No. 1 Poultry, London EC2R 8EJ.