Credit prepares to run with the sustainable investing baton
The ‘responsible’ movement has gained momentum in emerging markets, but credit may be on the verge of replacing equity as the main driver of change. In outlining a potted history, David Creighton of Convergence explains why The concept of sustainability is not new. Earlier forms of this movement emerged when the World Trade Organization was the hotbed for anxiety following the Nike factory debacle in the 1990s. News of the poor treatment of labourers in Indonesia, for the benefit of Western shareholders, caught the attention of an enraged youth and the concept of corporate social responsibility was born.