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.
“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.
Former CommSec COO joins fintech company as CEO
Boutique manager hires Perennial executive
Equip Super appoints strategy and markets executive
A correction, not a turning point
Why bond covenants matter
Striking a balance between security and innovation