Friends Ivory backs better forests
9 Apr 2001

Friends Ivory & Sime (FI&S) has become the first investment manager to sign up in support of the WWF's campaign to get timber sourced from well-managed forests.

FI&S is developing its credentials as a leading socially responsible investor and has committed itself to lobby corporates where it holds shares to buy timber sensitively. Initially, FI&S will concentrate its attentions on the construction sector.
FI&S will become part of the WWF 95+ timber campaign, which has also signed up such corporates as B&Q, Wickes, Laing, Tesco and Railtrack to support the campaign.

WWF was formerly known as the World Wildlife Fund. Its attitude towards the corporate sector has become more sophisticated under the lead of full-time chief executive Robert Napier, who used to run Redland, the construction materials group .