Principles for Sovereign Wealth Funds announced
Those who are reading this blog will know I am a huge fan of Principles as an important first stage to address key areas. We have the principles for responsible investment, the same for banking. We have principles for people first PPPs for the SDGs being developed by the UNECE. They in their latest on their forum call for other regional commissions to develop a similar approach relevant to their specific circumstances. Now we have some for Sovereign Wealth Funds. For those who can remember this was one of the recommendations form the Resilient People, Resilient Planet: A future worth choosing The report of the United Nations Secretary-General’s High-level Panel on Global Sustainability in 2012. The report said: "174. Sovereign wealth funds are also important in this regard. The total assets of such funds currently stand at nearly $3 trillion and are expected to reach between $6 trillion and $10 trillio n by 2013. Twelve new sovereign wealth funds have been established sin...