KUALA LUMPUR, June 26 -- Global Infrastructure Partners (GIP) has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI).
PRI’s goals are to understand the investment implications of ESG issues and support signatories in integrating these issues into investment and ownership decisions.
The six Principles were developed by investors, supported by the United Nations (UN).
GIP believes placing environmental, health and safety, labour, social, governance and business integrity concerns at the core of its processes as crucial to the delivery of strong returns for its investors.
The independent global infrastructure investor in a statement said its monitoring of ESG performance across portfolio companies also allowed the firm to share expertise and best practices.
“We believe that formally embracing these principles as a signatory reinforces our long-held belief that being best in class on ESG, climate change and diversity issues leads to better investment outcomes, while at the same time providing third party validation of our processes and performance,” said GIP chairman and managing partner, Bayo Ogunlesi.
According to PRI chief executive officer, Fiona Reynolds, GIP commitment demonstrates the growing awareness of the importance of ESG to the investment decision-making and management process.
-- BERNAMA
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