On asset management services, classic financial analysis matches, more and more frequently, with the analysis based on social and environmental variables, aiming to consider performances and perspectives of companies as a broader interpretation. The social responsible funds management (SRI) attracts the attention of many Italian banks that have developed specific SRI products.
SRI retail funds continue to grow in number (+23% in one year, from 437 to 537). The managed assets have exceeded €48 billion, according to Green, social and ethical funds in Europe. 2008 Review made by Vigeo/Siri Company In Italy there are 21 SRI funds that represent 5 percent of the total amount in Europe.
ABI, as a founding member of the multistakeholder Forum for Sustainable Finance (FFS), took part in the development of the “Eurosif Guidelines of Transparency on retail SRI funds”. The initiative target is to improve the transparency of the SRI funds information for clients.