Ethical investors weed out water polluters

The task of excluding water polluting companies from investment portfolios has been eased for ethical funds by a report from the Ethical Investment Research Service (EIRIS)1. The report is the first in the sector to use information from public registers to highlight companies' environmental performance, and may well be a foretaste of things to come as more public registers are opened under the Environmental Protection Act 1990.

EIRIS examined the registers for all regions of the National Rivers Authority (NRA) and the seven Scottish River Purification Boards (RPBs). All failures to meet consents since 1989 were noted, together with any prosecutions for pollution offences.

Where possible, the ownership of offending companies was traced to major company groups on the FTA All-Share index. EIRIS has summarised the results in a way that enables persistent and serious

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