Powered by MOMENTUM MEDIA
BNP Paribas Securities Services signs UN PRI

BNP Paribas Securities Services signs UN PRI

Killian Plastow
— 1 minute read

BNP Paribas Securities Services has signed the United Nations’ Principles for Responsible Investment.

The UN Principles for Responsible Investment (UN PRI) supports the inclusion of environmental, social, and governance (ESG) factors in investing practices, and provides “a menu of possible actions” for investors to include ESG factors in their investment decisions.

"We believe that an economically efficient, sustainable global financial system is a necessity for long-term value creation," said the UN PRI.

Advertisement
Advertisement

“Such a system will reward long-term, responsible investment and benefit the environment and society as a whole,” the UN PRI said.

BNP Paribas Securities Services general manager Patrick Colle said signing the UN PRI was part of a commitment to better address ESG issues.

“As a global custodian, we have an important role to play in helping our clients adopt and integrate ESG policies and demonstrate the value these can bring to an organisation,” he said.

The decision to sign the UN PRI comes after BNP Paribas Securities Services launched its ESG analysis tool in July, which institutional clients can use to rate investments against a set of ESG factors.

The UN PRI has over 1,500 signatories, of which over 1,000 are investment managers, the rest are asset owners and service providers.

Read more:

Powerwrap launches real-time SMA

Shipping finance offering ‘equity-like returns’

Australian GDP growth hits four-year high

First draft of super legislation released

ASIC fines Morgan Stanley $123,750

 

 

BNP Paribas Securities Services signs UN PRI
investordaily image
ID logo

related articles

  • Major banks update home lending policy

    Two of the big four banks have updated their home loan serviceability assessment policy in response to APRA’s regulatory amendments. ...

  • Aus ETFs surpass $50bn

    The Australian exchange-traded fund industry has overtaken the $50-billion milestone, according to the newly published report by BetaShares....

  • Banking reputation at rock bottom

    One chief executive has said that the reputation of bankers was at rock bottom and hoped that it would not get any worse. ...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.