GLOBAL -The Principles for Responsible Investment (PRI) initiative had 180 institutional signatories globally, representing more than US$8trn in assets under management (AuM), in its first year.
The PRI was assembled by the United Nations Environment Program Finance Initiative and the UN Global Compact last year.
During the first four months of 2007 more than 40 investors signed up including AP1, AGF Asset Management, JPMorgan Asset Management, HSBC Investments and Scottish Widows Investment Management.
Chair of the PRI and a trustee of the British Telecom Pension Scheme, Donald MacDonald, said: "In the first year, we have focused on spreading the word, signing up investors and putting in place the nuts and bolts to support signatories in implementing the Principles, including development of a robust process to monitor progress."
Insight Investment was the first signatory to release a dedicated PRI report, outlining the fund’s approach to implementation.
Insight CEO, Dougie Ferrans, said: “We believe the PRI has an extremely important role to play in encouraging major asset owners and mainstream asset managers to fully integrate ESG issues into their investments. We are proud to announce the publication of our first annual report on responsible investment.”
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