Connect with us

Finance

Colonial First State Becomes A Signatory To The Principles For Responsible Investment

Colonial First State has become a signatory to the UN-endorsed Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investment.

Signatories have a duty to act in the best long term interests of their beneficiaries and believe that environmental social and corporate governance issues can affect investment performance.

As a signatory, Colonial First State will adhere to the PRI’s six principles which include incorporating ESG issues into investment analysis and decision-making processes; being active owners; and seeking appropriate disclosure on ESG issues by the entities in which it invests.

Colonial First State will also have the opportunity to collaborate and participate in PRI co-ordinated company engagements on ESG issues, and will have the ability to better influence company activities in relation to their management of ESG and climate change matters.

Colonial First State’s Head of Investments, Scott Tully, commented: “For Colonial First State, responsible investing is about taking into account ESG and climate change risks in our investment process.  The acceptance of CFS as a signatory is another step in our responsible investing journey.”

Senior Manager, Corporate Responsibility, Jodie Tapscott said as a PRI signatory, Colonial First State is required to report and communicate with its members.

“This will formalise our commitment to being transparent with our members on how ESG risks and issues are being managed on their behalf. It will also provide an opportunity to share engagement and voting outcomes so that our members have comfort that we are listening to their concerns on the environment and human rights.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Text Translator

Awards Ceremony

Click on the Image to view the Magazine

GBM Magazine cover


Global Brands Magazine is a leading brands magazine providing opinions and news related to various brands across the world. The company is head quartered in the United Kingdom. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.


Copyright - Global Brands Publications Limited © 2024. Global Brands Publications is not responsible for the content of external sites.

Translate »