Foresters Asset Management has become a signatory to the United Nations-supported Principles for Responsible Investing (UNPRI).
The UNPRI is recognized as the leading global network for investors who have publicly committed to integrating environmental, social and corporate governance (ESG) considerations into their investment practices and ownership policies. In becoming a signatory, Foresters joins some of the world's largest investment managers, representing more than US$82 trillion in assets under administration.
“Responsible investing simply makes sense,” said Suzann Pennington, Foresters’ chief investment officer. “It is aligned with the values of our investment team, the objectives of our stakeholders, and more than 140 years of community-focus.”
Pennington said Foresters is committed to being a top leader in this field. “Not only is it the right thing to do, but in addition, the evidence [for ESG] suggests that integrating responsible investment decisions can increase long-term risk adjusted returns in properly diversified portfolios. It can increase quality and help to reduce unintended consequences by identifying early warning signs within companies that could lead to a significant loss in shareholder and unitholder wealth.”
The six principles for Principles for Responsible Investing are based on acting in the best long-term interests of retail and institutional investors, the financial markets, the economy, and the environment and society as a whole.