Fund move gives buyers chance to take initiative

25 April 2001
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26 April 2001 | Robin Parker

The decision by a leading fund management company to vote against FTSE 100 companies that do not produce environmental reports has again highlighted the role purchasing can play in ensuring socially responsible business practices.

Dick Jennings, a solicitor at Leeds law firm Ford & Warren and member of the CIPS legal committee, urged buyers to capitalise on the increasing focus on social issues. "It represents a major opportunity for a procurement professional to take a senior role," he said.

Anita Skipper, corporate governance manager at Morley Fund Management, told SM that 22 of the 58 FTSE 100 firms without environmental reports had promised to do so following its statement this month.

In a separate move, chocolate manufacturer Cadbury's last week said the industry needed to do more to end child labour in African cocoa plantations.

CIPS recently published its own guidelines on ethical trading.

SMapr2001

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