Principal signs on to UNPRI
UK - Asset management firm Principal Global Investors has become the latest signatory to the United Nations Principle for Responsible Investments (UNPRI).
The UNPRI are a set of guidelines that outline how to incorporate environmental, social and governance issues into investment practices. They call for investors to make a commitment to be active owners and incorporate ESG into ownership policies and to promote acceptance of the principles among the industry.
Nick Lyster, chief executive of Principal in Europe said: "A commitment to socially responsible investing has long been an area we have taken very seriously and this move highlights our ongoing dedication to pursuing best practice in corporate ethics. It is also a reflection of the changing priorities of our investors who are placing increasing prominence in (corporate and social responsibility) when making investment decisions."
The UNPRI has a total of 872 signatories, of which 220 are asset owners 484 are investment managers and the rest, professional service partners.
Principal Global Investors manages $227.4bn in assets and is the European arm of US-based Principal Financial Group.
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