Inbrief

Credit Lyonnais Asset Management has become the latest mainstream investment company to launch a subsidiary dedicated to socially responsible investment. The new firm is to be called Integral Development Asset Management and will manage assets of €700million ($775m, £486m) with 20 staff. The Paris-based company, which aims to become ‘a leading SRI player in Europe within three years’, will launch its own funds but is eventually expected also to manage Credit Lyonnais’s existing SRI investments.