Morley Fund Management wanted an approach for SRI that would establish a leading position in SRI and strengthen their fund management and marketing.
Claros provided advice on the research processes and marketing, including developing their 5x5 matrix tool for assessing sustainability; helping institutionalise integration between SRI and mainstream fund managers and demonstrating the advantages of a policy of openness.

The Universities Superannuation Scheme had identified climate change as a significant environmental issue, and wanted an analysis of its impact on their investments and guidance on how to address it.
Claros produced the in-depth study: "Climate Change - A Risk Management Challenge for Institutional Investors" which included ten actions points as a framework for addressing the issue.

Friends of the Earth needed a detailed review of the Listing Rules to present the Financial Services Authority with a strong case for social and environmental disclosure.
Claros analysed the current Listing Rules, reviewed developments domestically and internationally; and identified 5 options for improving disclosure - published as the report "Open Disclosure".

The Health and Safety Executive wanted to enlist the support of investors in achieving its strategic objective of raising boardroom awareness of health and safety.
Claros identified appropriate Health and Safety indicators for use by investors, together with a range of accompanying measures for working with investors.

Nottinghamshire County Council Superannuation Fund sought advice on the selection of an SRI fund manager, to implement its SRI policy.
Claros developed an assessment protocol, reviewed proposals and participated in interview with investment managers. This built on earlier work developing Nottinghamshire's long-term investment policy, a pioneering project in SRI.

A group of US organisations, including the corporate governance activist, Bob Monks; the environmental coalition, CERES; and the shareholder backed CampaignExxonMobil wanted an analysis of ExxonMobil's attitude to climate change and its implication for shareholder value and risk.
Claros authored the report "Risking Shareholder Value? ExxonMobil and Climate Change: An Investigation of Unnecessary Risks and Missed Opportunities" in 2002, which found the company was putting at risk more than $100 billion in long-term shareholder value in the company by its attitude to climate change. In 2003 a second report "Sleeping Tiger, Hidden Liabilities", identified that the company was alone among the oil managers in failing to recognise climate change risks, and that this represented a major governance failure at the organisation. The reports were influential in gaining the support of over 20% of investors for shareholder resolutions on renewable energy and climate change.

Changes to the pensions act requiring the disclosure in the statement of investment principle of how pension funds addressed social and environmental issues create a need for the guidance for pension funds on SRI.
The book "Socially Responsible Investment: a guide for pension funds and institutional investors", was written by Mark Mansley. This authoritative guide, the first on SRI for institutional investors, covers pension law and SRI, analyses social and environmental issues, describes the various approaches taken in SRI, provides case studies and guidance on policy development and implementation.

Norwegian based Storebrand Principle Funds, one of the first to launch a "best in class" environmental fund, the Environmental Values fund, sought guidance advice on entering the UK institutional market, in view of SRI disclosure regulation for pension funds.
Claros advised on a UK marketing strategy, including providing information on the structure of the UK pension market, and identifying key issues and challenges. We also helped Storebrand establish contacts with institutional investors and develop marketing documentation.

Email: info@claros.co.uk

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