{"id":426,"date":"2006-11-21T05:09:00","date_gmt":"2006-11-21T10:09:00","guid":{"rendered":"http:\/\/ietransfer.wpengine.com\/2006\/11\/21\/first-investment-fund-dedicated-to-the-un-global-compact-launched\/"},"modified":"2006-11-21T05:09:00","modified_gmt":"2006-11-21T10:09:00","slug":"first-investment-fund-dedicated-to-the-un-global-compact-launched","status":"publish","type":"post","link":"https:\/\/inspiredeconomist.com\/articles\/first-investment-fund-dedicated-to-the-un-global-compact-launched\/","title":{"rendered":"First Investment Fund Dedicated to the UN Global Compact Launched"},"content":{"rendered":"

The Guil\u00e9 Foundation, in association with the United Nations Global Compact<\/a> and De Pury Pictet Turrettini & Co.,<\/a> recently launched the Guil\u00e9 European Engagement Fund, the first fund dedicated to the UN Global Compact and its mission of advancing ten universal principles for responsible business in the areas of human rights, labour, environment and anti-corruption. <\/p>\n

The fund is based on the concept of helping companies within its portfolio \u2013 all of which are Global Compact signatories \u2013 to achieve real impact on their corporate responsibility strategies, while at the same time adding shareholder value. <\/p>\n

<\/p>\n

\u201cWhat makes the Guil\u00e9 European Engagement Fund a truly innovative investment product is the fact that it is the first investment fund so far whose selection criteria rest on mainstream financial analysis while being at the same time associated with clear ethical principles and constructive shareholder engagement,\u201d said Charles Burrus, Founder and President of the Guil\u00e9 Foundation. <\/p>\n

\u201cThis fund is an important instrument in advancing the Global Compact\u2019s principles in the financial world and in engaging companies on critical issues that are material to their operations,\u201d said Georg Kell, Executive Director of the UN Global Compact. <\/p>\n

\u201cImplementing the principles of the United Nations Global Compact can help companies address critical dilemmas and identify opportunities in a way that adds long-term value to the company and to society at large,\u201d said Prof. Ernst A. Brugger, President BHP \u2013 Brugger and Partners Ltd., and CEO of the Sustainability Forum Z\u00fcrich. <\/p>\n

\u201cRather than proposing a static and conventional \u201cbest in class\u201d approach, the Guil\u00e9 European Engagement Fund is proposing a dynamic approach with the support of the Guil\u00e9 Foundation and the legitimacy of the Global Compact. Rather than judging or condemning companies, the fund will support and help them seize all opportunities offered in the field of corporate social responsibility, with the aim of increasing value for all stakeholders, including shareholders,\u201d said Melchior de Muralt, Partner, de Pury Pictet Turrettini & Co. <\/p>\n

To promote CSR-related activities, the Guil\u00e9 Foundation will engage companies in the fund\u2019s portfolio in a dialogue and offer concrete services to those Global Compact participants that demonstrate excellent financial performance. The foundation has formed a \u201cGuil\u00e9 Engagement Team\u201d of leading CSR experts, who will work in close collaboration with the UN Global Compact Office. Their services will include: <\/p>\n