A number of ICMIF members have signed up to the UN supported Principles for Responsible Investment. They include The Co-operators (Canada), Folksam (Sweden), MAIF (France), LocalTapiola (Finland), Vaudoise (Switzerland), Unipol (Italy) and Aviva Investors (UK).
The latest to sign up is Royal London, who adhered to the principles as part of its commitment to being a responsible investor.
The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating environmental, social and governance (ESG) issues into investment practice for asset managers and asset owners. The Principles were developed by investors, for investors. In implementing them, signatories contribute to developing a more sustainable global financial system. Royal London’s primary asset manager, Royal London Asset Management, has been a signatory since 2008.
The six principles are:
- We will incorporate ESG issues into investment analysis and decision-making processes.
- We will be active owners and incorporate ESG issues into our ownership policies and practices.
- We will seek appropriate disclosure on ESG issues by the entities in which we invest.
- We will promote acceptance and implementation of the principles within the investment industry.
- We will work together to enhance our effectiveness in implementing the principles.
- We will each report on our activities and progress towards implementing the principles.
Isobel Langton, CEO at Royal London Intermediary, said: “Royal London is committed to being a responsible investor. This means being a good steward of our customers’ assets and promoting responsible investment and good governance across all asset classes. Signing the UN Principles of Responsible Investment and reporting against their framework demonstrates our commitment towards a more sustainable global financial system.”More information is available on ICMIF’s website.