"A survey conducted by Allianz Global Investors and the Centre for European Economic Research (ZEW) among pension experts in France, Germany, Italy, the Netherlands, Switzerland and the United Kingdom on the future of socially responsible investment in pension fund portfolios showed... most ...believe that... SRI criteria will play an increasingly important role in how pension funds make investment decisions.... The majority of experts surveyed believe the SRI approach will be extended to include asset classes other than equities.
Apart from Germany, most experts are expecting pension funds to become more active owners. Environmental criteria are considered to be the most important element of the SRI concept. Respondents agreed that the growing SRI trend is being driven much less by the expectation of higher returns or lower risk as it is by public pressure."
Again, there is nothing inherently right or wrong with SRI. You would expect a tradeoff as the more socially responsible investors likely forgo some returns in return for "doing good."