The Nordics – Sweden, Denmark, Norway and Finland which have a global reputation for excellent performance in investing that emphasises on Environmental Social and Governance (ESG) standards and Socially Responsible Investing (SRI) and related international rankings – are eyeing Colombo’s stocks.
nvestments from Scandinavian countries have grown by 54 per cent per annum compound annual growth rate (CAGR) since 2013, Colombo Stock Exchange (CSE) data shows. These are funds which believe that deliberately investing in companies with good behaviour or agitating to improve the behaviour of offenders — can deliver results. Scandinavian ESG funds and their business communities and government policies are often held up as an example to other countries. In general, socially responsible investors encourage corporate practices that promote environmental stewardship, consumer protection, human rights, and diversity. Some avoid businesses involved in alcohol, tobacco, fast food, gambling, pornography, weapons, contraception/abortion, fossil fuel production or the military.