Five UK funds selected as PRI group leader

Five pension funds and providers from the UK have made it on to the Principles for Responsible Investment’ (PRI) leader’s group for 2019.

PRI said the group showcases PRI signatories that demonstrate both a breadth of responsible investment excellence, and that excel specifically in this year’s theme: selection, appointment and monitoring of external managers.

“Our evaluation focused specifically on listed equity and private equity, as these are the asset classes where we have the most developed work on identifying good industry practice, and are most able to support signatories. The group of leading signatories is roughly equivalent to 10 per cent of all asset owner signatories,” PRI said.

It stated that there is no ranking within the group, and it congratulated the 47 asset owners selected, in particular for their “responsible investment work in the field of selecting, appointing and monitoring external managers in listed and/or private equity”.

The UK funds include: Environment Agency Pension Fund, Strathclyde Pension Fund, BT Pension Scheme, TPT Retirement Solutions and the Universities Superannuation Scheme.

The UK funds are joined by others from European countries such as Sweden, Finland, France, the Netherlands, Germany and Austria. However, the UK has the most funds on the list than any other Euroepan country.

The PRI 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.

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