Investments have benefited from interest in green firms, analyst suggests

Tue, 30 Jan 2007

Growing commercial interest in socially responsible investments is helping the sector to produce strong returns on investments, it has been claimed.

Mike Fox, manager of the Sustainable Leaders Trust from financial services provider Co-operative Insurance Society, has made the comments after his investments fund received total annual returns of 31.8 per cent in 2006.

Commenting on the investments market in general, Mr Fox said that takeover interest had come about because of the fact that "many businesses have become very profitable by tapping into the eco-pound".

"As such businesses tend to feature more prominently in SRI [socially responsible investments] than they do in other unit trusts, it has benefited their performance," he added.

Among the eco-minded companies that he has suggested have seen their share price boosted by talk of a takeover, Mr Fox highlighted strong performances from both water leakage repair group Enterprise and energy company Scottish Power.

Earlier this month, Scottish Power sought to re-enforce its green credentials by supporting the Scottish executive in raising awareness of climate change.

Under the scheme, the utilities company will provide DVDs of the global warming documentary An Inconvenient Truth to all secondary schools in Scotland.

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