Our ‘best-of-breed’ and top-down focused ethical business model calls for liaisons with selected external advisors and sources of applied knowledge that are core to our business. As a relatively small, but globally-operating company, Parmenion Ethical collaborates with a large set of advisors.

And we also use dozens of useful external resources; even too much to list here. So we decided to make a Top 5 of Advisors & Resources, with the rating being a mixture of importance to us and usefulness as a resource to you.


Our current Top 5 Advisors and Resources:


  1. UN-PRI
    excellent resource for advice on responsible and ethical investments
    great resource if you want to know more about Islamic finance and Shariah-compliance
  3. World Economic Forum
    international analysis of global competitiveness covering about 140 countries
  4. Transparency International
    international organization analyzing and fighting global corruption
  5. IMF
    valuable global and country information about monetary and economic trends


The PRI is the world’s leading proponent of responsible investment. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in integrating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.

The PRI is truly independent. It encourages investors to use responsible investment to enhance returns and better manage risks, but does not operate for its own profit; it engages with global policy makers but is not associated with any government; it is supported by, but not part of, the United Nations.

At Parmenion Ethical the work of UN-PRI is an important cornerstone of our definition of ethical, fair investment practice. Parmenion Group is at the moment studying the PRI so as to see if we should join as signatory. That we have not yet done so is not related to us not subscribing to its core message. Not at all. The only area where we have some differences of opinion is related to emerging and frontier markets investments. We believe that countries and companies in different stages of their development should be judged in relation to what their peers, i.e. those in a similar stage of development are doing. The standards of UN-PRI are more absolute as a result of which the standards of avant-gardist developed nations put more pressure on (emerging) laggards than the pressure that today’s developed nations used to feel when they were developing themselves. We do believe that this is unfair, and that it could even be counterproductive by allocating not enough to those emerging countries that do the best they can – taking into account their stage of development! – in making progress with Fair Finance. Parmenion Ethical believes that positive pressure by front runners in combination with stimulating investments in ‘the best of the rest’ might – when enacted in the right manner – pull countries quicker out of the mud.

We will decide on becoming a signatory – as opposed to being a supporter – within the next two years. In the meantime, for great information about responsible investing, click here to go to the UN-PRI website.


The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) is an Islamic international autonomous not-for-profit corporate body that prepares accounting, auditing, governance, ethics and Shariah standards for Islamic financial institutions and the industry. AAOFI does also organize official courses to provide auditors and advisors with certifications as Islamic Finance specialist. AAOFI wants to enhance the industry’s human resource base and governance structures.

AAOIFI was founded in 1991 and is based in Bahrain. Its mission is to standardize and harmonize international Islamic Finance practices and financial reporting so as to ensure that it is in accordance with the Shariah.

The AAOIFI website is a valuable source of information and research about Islamic Finance (what it is about; its accounting practices and guidelines etc.).

World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. Parmenion Ethical believes that such collaboration is of the utmost importance when rolling out a Fair Finance agenda.

The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.

The Forum’s activities are shaped by a unique institutional culture founded on the stakeholder theory, which asserts that an organization is accountable to all parts of society. The institution carefully blends and balances the best of many kinds of organizations, from both the public and private sectors, inter- and supranational organizations and academic institutions.

Parmenion Ethical recommends the Forum’s Global Competitiveness Report as a fantastic source when trying to learn more about the economic performance, government & business efficiency and infrastructure of a country. For more information, please click here for the World Economic Forum website.

Transparency International

From villages in rural India to the corridors of power in Brussels, Transparency International gives voice to the victims and witnesses of corruption. The organization works together with governments, businesses and citizens to stop the abuse of power, bribery and secret deals. As you can imagine, this mission does in many instances align nicely with our ‘Fair Banking, Trade and Finance’ definition of an ethical business approach. Transparency is an independent organization that has chapters in more than 100 countries and an international secretariat in Berlin, Germany.

Transparency’s Global Corruption Indicator is a great tool, especially when also looking at trends and shorter-term changes in individual country scores. For more information, click here to visit their website.


The IMF, also known as the Fund, was conceived at a UN conference in Bretton Woods, New Hampshire, United States, in July 1944. The 44 countries at that conference sought to build a framework for economic cooperation to avoid a repetition of the competitive devaluations that had contributed to the Great Depression of the 1930s. Later, the number of associated countries grew rapidly to 188 now.

The IMF’s primary purpose is to ensure the stability of the international monetary system; the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability. The IMF website contains great research and country information.