Presentation by Walter Kahlenborn

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Walter Kahlenborn, Chairman - Forum Nachhaltige Geldanlagen - Germany

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Presentation by Walter Kahlenborn

  1. 1. Hot Topics in the German Market New SRI reporting obligation since September 2005! Frankfurt, 3.11.2005 Walter Kahlenborn Executive Director German Sustainable Investment Forum
  2. 2. Content <ul><li>The German Sustainable Investment Forum </li></ul><ul><li>Some figures on the German SRI-Market </li></ul><ul><li>Breaking the wall? SRI disclosure regulation </li></ul>
  3. 3. The German Sustainable Investment Forum <ul><li>A German-speaking Forum: AU, CH, D, L </li></ul><ul><li>75 Members: Banks, insurances, rating-agencies, brokers, financial advisors etc. </li></ul><ul><li>Objective: Improving the SRI-Market </li></ul><ul><li>Activities: Seminars, conferences, newsletter, discussions with policy makers, foundation of Eurosif etc. </li></ul>
  4. 4. The German SRI market <ul><li>Latest figures on the German SRI market </li></ul>Impressive growth, but not all ours!
  5. 5. Catching up … <ul><li>2001 - Germany catching up with the British Market: </li></ul><ul><li>SEE-disclosure regulation introduced in Germany </li></ul><ul><ul><li>Parts of the private pension schemes </li></ul></ul><ul><ul><li>Pension funds (Pensionsfonds) </li></ul></ul><ul><li>Obligation to report annually </li></ul><ul><li>&quot;The pension fund shall give written information whether and how he considers ethical, social and legal matters when using the contributions that have been paid in.&quot; </li></ul>
  6. 6. … without success <ul><li>Private pensions schemes </li></ul><ul><li>Market share of SRI private pension schemes < 1% </li></ul><ul><li>Corporate pensions schemes </li></ul><ul><li>Pensions Fonds pickung up SRI (5 out of 27). </li></ul><ul><li>But: What are pensions funds? </li></ul><ul><li>Tiny volume of pensions funds market </li></ul><ul><li>Mainstreaming in a niche market </li></ul>
  7. 7. Renewed attempt <ul><li>September 2005: New reporting obligation </li></ul><ul><li>Driven by the German Sustainable Investment Forum </li></ul><ul><li>Reporting obligation for </li></ul><ul><ul><li>Pensionsfonds (pension funds) </li></ul></ul><ul><ul><li>Pensionskassen (pension funds) </li></ul></ul><ul><ul><li>Direktversicherungen (direct insurances) </li></ul></ul><ul><li>No escape route </li></ul>
  8. 8. Results <ul><li>First market reactions </li></ul><ul><li>Results of a Survey of the German SIF </li></ul><ul><li>Knowledge about the regulation </li></ul><ul><li>Intentions to react </li></ul>
  9. 9. Will we catch up this time?

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