Idealistic views of socially responsible investment funds are misplaced, according to a new report from British independent financial adviser Holden & Partners. An assessment of all SRI funds open to private investors in the U.K. found that while such funds do screen out companies with highly objectionable policies, many still end up offering stock in mainstream companies “which are far from cutting edge in terms of providing climate change solutions.” Says the IFA’s Peter Holden, “The report shows that SRI and ethical funds have not kept pace with the public’s appetite for environmental solutions.”
