Is SRI Screening a Drag on Returns?

475 views
416 views

Published on

David Creighton, CEO - Cordiant Capital - Canada

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
475
On SlideShare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Is SRI Screening a Drag on Returns?

  1. 1. Is SRI Screening a Drag on Returns? <ul><li>David G. Creighton President and CEO Cordiant Capital Inc. </li></ul><ul><li>TBLI 2007 Europe November 15 & 16 Paris </li></ul>
  2. 2. What Is Cordiant? <ul><li>Montreal-based manager of Emerging Market private equity and debt funds </li></ul><ul><li>$1.14 billion of subscriptions since founding in 1999 - three debt funds: IFPT ‘01, IFPT ’04 & CELF III - one private equity fund: Canada Investment Fund for Africa </li></ul><ul><li>Fund participants include a selection of the world’s top institutional investors </li></ul><ul><li>Over 100 investments in more than 40 emerging countries </li></ul><ul><li>All investments are screened and monitored for SRI </li></ul>
  3. 3. Mobile Telecom Construction Equipment Leasing Gas pipeline Real Estate Container Port Oil & Gas Tire plant Supermarkets Power Generation Bank Car Leasing Outdoor Advertising Power Transmission Gold Mine Stainless Steel Hotels Water Utility Geothermal Power Generation Pig Breeding Chemicals Wood Products Cement Soybean Crushing & Logistics Private Power Generation Glass Factory Oil & Gas Pipeline Car Leasing Necktie Manufacturer Banks Oil & Gas Banks Bank Regional Infrastructure Bank – Latin America Toll Road Operator Fertilizers Ammonia Plant Gas power plant Cosmetic packaging Potash Mine Oil & Gas Oil & Gas Construction Building Material Manufacturer Mobile Telecom Bank Diesel Power Generation Galvanized Steel Electricity Distribution Gold mine Oil & Gas Electric Power Generation Banks Consumer Paper Steel Petrochemicals Cordiant Investments Petrochemicals
  4. 4. Responsible Investing <ul><li>SRI, CSR, PRI, ESG, TBLI </li></ul><ul><li>Equator & UN Principles for Responsible Investment </li></ul><ul><li>Input from NGO’s </li></ul>
  5. 5. Is the ‘Broad Brush’ Method Effective? <ul><li>Each situation is different - Requires perspective and tradeoff </li></ul><ul><li>Understand specific dynamics </li></ul><ul><li>Use discretion and logic </li></ul>
  6. 6. Engagement at the Outset: Examples and Issues <ul><li>Nigerian Petrochemicals: Share Ownership </li></ul><ul><li>China, Metalurgical Coke: Environment </li></ul>
  7. 7. The Ripple Effect: Demonstrating the Value of Good Governance <ul><li>Banco Uno – Central America </li></ul><ul><li>Gostomel – Ukraine Manufacturing </li></ul>
  8. 8. TBLI 2007 Europe November 15 & 16, 2007 Cordiant Capital Inc. Suite 2400 1010 Sherbrooke Street West Montreal, QC, Canada H3A 2R7 www.cordiantcap.com

×