The latest study from Eurosif, the European Sustainable...

The latest study from Eurosif, the European Sustainable and Responsible Investment Forum, calculates European institutional SRI to be as high as e336bn, suggesting that SRI has already entered the mainstream financial markets.

The study, Socially Responsible Investment among European Institutional Investors 2003 Report, highlights the scale of European institutional SRI across eight countries. It says that each national state's respective culture, financial market structure and legal framework greatly influence the complex shape of SRI.

According to the study, a key driver for SRI will be the role pension funds play in developing the market, as they are increasingly involved in corporate governance issues