The new Guile European Engagement Fund is the first fund dedicated to the UN Global Compact and its mission of advancing ten universal principles for responsible business in the areas of human rights, labour, environment and anti-corruption.
Launched by the Guile Foundation, in association with the United Nations Global Compact and De Pury Pictet Turrettini & Co., the fund’s goal is to help portfolio companies – all of which are Global Compact signatories – achieve real impact on their corporate responsibility strategies, while at the same time adding shareholder value.
“What makes the Guile European Engagement Fund a truly innovative investment product is the fact that it is the first investment fund so far whose selection criteria rest on mainstream financial analysis while being at the same time associated with clear ethical principles and constructive shareholder engagement,” said Charles Burrus, Founder and President of the Guile Foundation.
“This fund is an important instrument in advancing the Global Compact’s principles in the financial world and in engaging companies on critical issues that are material to their operations,” said Georg Kell, Executive Director of the UN Global Compact.
To promote CSR-related activities, the Guile Foundation will engage companies in the fund’s portfolio, offering concrete services to those Global Compact participants that demonstrate excellent financial performance. The foundation has formed a “Guile Engagement Team” of leading CSR experts, who will work in close collaboration with the UN Global Compact Office.
Managed by de Pury Pictet Turrettini & Co, the Guile European Engagement Fund is registered in Luxembourg and will be marketed only to professional investors. Its portfolio consists of about 30-50 European companies which have already joined or are about to join the UN Global Compact.
About the Guile Foundation
Founded in 1997, the Swiss-based Guile Foundation focuses its activities on the ethical challenges of globalization facing entrepreneurs.
About the United Nations Global Compact
Launched by United Nations Secretary-General Kofi Annan in July 2000, the UN Global Compact is world’s largest voluntary corporate citizenship initiative with more than 3,000 companies in some 100 countries. The Global Compact seeks to promote responsible corporate citizenship so that business can be part of the solution to the challenges of globalization and help realize the Secretary-General’s vision of a more sustainable and inclusive global economy.
About de Pury Pictet Turrettini
de Pury Pictet Turrettini & Co. Ltd. (PPT) is an independent financial advisory firm founded in 1996 with two main activities: asset management and corporate finance.
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