“As a continuation of our organization’s long-standing commitment to corporate stewardship, we are pleased to sign on to the UN investment initiative,” said Grant Forster, chief executive officer of Principal Global Investors Australia. “It is intrinsic to who we are as an asset manager and aligns with our investment strategy and culture.”

Signatories commit to considering the six Principles of Responsible Investment related to environmental, social and corporate governance (ESG) issues in the course of doing business. Although the Principles are voluntary and aspirational, reporting on an annual basis is required. Governance is provided by a 13-person board made up of 11 elected signatory representatives and two representatives from the UN Environment Program and the UN Global Compact.

“As a leader in the global asset management industry, we believe appropriate consideration of these issues is part of delivering superior risk adjusted returns” Forster said. “We are committed to acting in the best long-term interests of our clients and will apply the Principles where consistent with our fiduciary responsibilities and in alignment with our investors’ expectations.”

For more about PRI or to view a complete list of signatories, go to www.unpri.org.

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