RARE Infrastructure, a leading listed infrastructure manager, has received a high rating from the world‘s leading proponent on responsible investing – Principles for Responsible Investing (PRI).
The PRI was formed in association with the UN to foster good governance, integrity and accountability in investment globally. It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
“The movement to increased awareness and adoption of ESG principles in the investment process is one of the most dominant trends in global equity markets today,” said RARE’s Senior Portfolio Manager Shane Hurst.
“Taking account of environment, social and governance factors when assessing companies for the allocation of investment funds is of course desirable from a societal point of view. However, it also aligns with investor interests, as more and more research indicate companies with good adherence to ESG principals are generally higher financial performers than those with poor adherence,” said Hurst.
The PRI 2020 Scorecard for RARE Infrastructure is:
- Strategy and Governance: A
- Listed equity – incorporation: A+
- Listed equity – Active ownership: A
“RARE Infrastructure was established as a specialist global listed infrastructure investment manager in 2006 and was founded on a culture of client focus, research-driven authentic active management and ESG integration. We joined the PRI in 2010.
“ESG and broader sustainability considerations have always been crucial for infrastructure investors. These companies have long balanced the needs of stakeholders and shareholders while the assets themselves play a central role in combating climate change.
“Our investment process has integrated ESG risks and opportunities since day one with the implementation of sustainability evolving continually. The most recent upgrade to RARE’s UNPRI scorecard for Incorporation and Active Ownership recognises our mindset of continuous improvement in this area,” noted Hurst.
RARE aims to deliver long-term inflation-linked capital growth by providing investors access to the risk/return profile of unlisted infrastructure through the listed market.
