UK - The Local Authority Pension Fund Forum (LAPFF), has shown its commitment to shareholder engagement by backing the United Nations Principles for Responsible Investment (UNPRI).
The LAPFF said following an internal review, it had decided to become a PRI signatory, as a ‘professional service provider’. LAPFF said it had become a signatory to the principles in order to further encourage the development of responsible investment strategies by institutional investors around the globe.
Cllr Darrell Pulk, chair of the forum, said: “PRI has already had a significant impact in terms of encouraging both institutional investors and the service providers that work with them to think seriously about how they address responsible investment.”
The LAPFF is a voluntary association of 44 pension funds with £85bn in assets, individual LAPFF members could also sign as ‘asset owners’ and a number have already done so.
The UNPRI is an investor initiative in partnership with UNEP FI and the UN Global Compact which provides a framework for the consideration and integration of environmental, social and governance (ESG) issues in investment decision-making.
There are currently more than 250 PRI signatories holding over $10trn assets under management.
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