AUSTRALIA - Support for ethical and socially responsible investment grew as Goldman Sachs JBWere Asset Management (GSJBWAM) signed up to the United Nations Principles for Responsible Investment (PRI).
The charter lays out clear guidelines to shape the way in which signatories approach environmental, social and corporate governance (ESG) affairs in their investment analysis and decision making processes.
Ian Ward-Ambler, manging director, GSJBWAM, said: “There is a growing demand for investors, including a large number of our institutional superannuation fund clients, to account for ESG issues in our investment process."
The underlying principles of the PRI call for signatories to recognise, implement and promote ESG concerns in their investment activities.
GSJBWAM has thrown its support behind the Carbon Disclosure Project and is member of the Investor Group on Climate Change.
Ward-Ambler added: ”We have a responsibility to play a constructive role in helping to address the challenges facing the environment and signing the PRI is a further reflection of our commitment.”
As reported by Global Pensions, the UNPRI initiative is supported by over 180 of the world’s largest asset management, including AGF Asset Management, JPMorgan Asset Management and HSBC Investments, with a combined total of US$8tn in assets under management.
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