BP Investments Selects Innovest's Sustainability Research

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FOR IMMEDIATE RELEASE

BP Investments Selects Innovest's Sustainability Research

NEW YORK, NEW YORK, Oct. 17 -/E-Wire/-- Innovest Strategic Value Advisors announced today that it has been selected to provide company and industry "sustainability" research to B.P. Investments, the investment arm of the British Petroleum pension fund. The research will focus on companies' risk, performance, and strategic positioning with regard to environmental and social issues, with a particular emphasis on their impact on the portfolio companies' financial performance and competitiveness.

"There is an increasingly compelling body of evidence â both practical and academic â that companies' performance on environmental and social issues has a direct impact on their medium and long-term financial performance. B.P. Investments is ahead of many, if not most, of its peers among corporate pension funds in recognizing this, and in using research on these issues to enhance its investment process," said Innovest chairman Jim Martin. Mr. Martin was formerly Chief Investment Officer for the American pension fund TIAA-CREF, one of the world's largest.

"Environmental and social issues are likely to have a greater and greater impact on portfolio companies' competitiveness, profitability, and share price performance going forward. We see the use of Innovest's research as simply a part of our clients' ongoing role as long-term investors and prudent fiduciaries," said Mr. Martin.

Innovest Strategic Value Advisors is an internationally recognized investment research and advisory firm specializing in analyzing companies' environmental and social performance. The firm currently has over $1 billion under direct sub-advisory mandates with partners including ABN-AMRO, T. Rowe Price, and Credit Lyonnais. Innovest's pension fund clients also include Contra Costa County, CA in the United States, as well as the Dutch fund ABP, which is the largest in Europe with $150 billion in assets under management.

In addition to Mr. Martin, Innovest's Executive Advisory Board includes former senior executives from several of the world's leading financial companies, Lord Nigel Lawson, former U.K. Chancellor of the Exchequer (emeritus), and Sir Mark Moody-Stuart, the former chairman of Royal Dutch/Shell and recently designated chair of the multinational mining company AngloAmerican.

Innovest Strategic Value Advisors, Inc

Dr. Matthew Kiernan (Innovest),

[REDACTED-PHONE] ext.204

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