Alan Logan

TPT Wealth has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI).

“Adoption of the PRI gives clients confidence that our investment practices are aligned with our business values,” said Alan Logan, General Manager of TPT Wealth.

“Taking this step allows us to strengthen relationships with new and existing investors such as universities, family offices and individual investors who prioritise sustainable outcomes. It also allows us to form important new partnerships with like-minded clients,” Mr Logan added.

The PRI’s six principles

The PRI’s six principles call for signatories to integrate responsible investment into their investment decisions:

• Principle 1: Incorporate environmental, sustainability and governance (ESG) issues into investment analysis and decision-making processes.
• Principle 2: Be active owners and incorporate ESG issues into ownership policies and practices.
• Principle 3: Seek appropriate disclosure on ESG issues by the entities in which a signatory invests.
• Principle 4: Promote acceptance and implementation of the Principles within the investment industry.
• Principle 5: Collaborate to enhance effectiveness in implementing the Principles.
• Principle 6: Report on our activities and progress towards implementing the Principles.

So far, the PRI has attracted over 5000 signatories, mostly investment managers, across 135 countries representing USD$121 trillion. There are 209 signatories from Australia.

“We’re pleased to welcome TPT Wealth as a signatory to the PRI,” said David Atkin, CEO at the Principles for Responsible Investment.

“Now more than ever, it’s vital for responsible investors to come together and work towards common goals, for the benefit of the planet and our society. We look forward to working alongside TPT Wealth to realise these goals.”

On a practical level, TPT Wealth’s commitment to the PRI underscores a number of changes to the business over coming months. TPT Wealth will include ESG considerations in investment decisions, and allows the business to form new alliances and joint ventures with firms that are also PRI signatories.

In addition to adopting the PRI, over the past six months TPT Wealth has taken other measures to understand the impact of our operations on the environment.

TPT Wealth is pleased to be following the lead of parent company MyState Limited. As a proud Tasmanian company, we understand the importance of our operations mitigating our environmental, social and governance (ESG) impacts.

This year’s MyState Limited annual report includes disclosures about our carbon footprint, made in line with the Taskforce on Climate-Related Financial Disclosures’ (TCFD) requirements. The TCFD allows organisations to make consistent with and comparable climate-related disclosures.

TPT Wealth looks forward to updating the market on further initiatives to support improved economic outcomes in the future.

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