GDF Suez: EWC renders negative opinion on the partnership with the CIC Chinese Sovereign wealth fund because of doubts on the CSR compatibility of the fund's investments

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http://www.planetlabor.com/en/industrial-relations/GDF-Suez-EWC-renders-negativ…

Sat, 11/19/2011 - 12:00

Is socially-responsible investments a subject for EWCs? In any case, the EWC of GDF Suez rendered, on October 13th, a negative opinion on the plan to open the capital of its Gas exploration business ("Exploration et Production International," EPI), up to 30%, to the Chinese sovereign wealth fund CIC. An expert's report commissioned by the EWC found that the fund is notably lacking transparency as regards criteria for socially-responsible investments. (Ref. 110632)

Planet Labor

110632

Thu, 10/20/2011 - 12:00