KUALA LUMPUR, Jan 18 (Bernama) -- Guotai Junan International Holdings Limited (GTJAI) announced its parent company, Guotai Junan Securities Co Ltd (Guotai Junan Securities), officially signed the Principles for Responsible Investment (PRI) in the category of "investment manager".
Guotai Junan Securities together with its subsidiaries including GTJAI, became signatories to PRI, according to a statement.
According to PRI, responsible investment involves considering environmental, social and governance (ESG) issues in the investment decision-making process and ownership practice.
PRI believes that ESG issues can affect the performance of investment portfolios, and contribute to an economically efficient and sustainable financial system, which is essential for long-term value creation.
As fiduciaries, institutional investors have the obligation to act in the best long-term interests of their beneficiaries. Therefore, PRI requires signatories to commit to six Principles for Responsible Investment.
The principles include incorporating ESG issues into investment analysis and decision-making processes; seeking appropriate disclosure on ESG issues by the entities in which they invest; and promoting acceptance and implementation of the Principles within the investment industry.
Obtaining the signatory status signifies GTJAI’s commitment to follow in the footsteps of its parent company and entering a new phase in ESG investment and risk management development.
Looking ahead, GTJAI will continue to uphold its ESG vision, actively respond to the national “dual carbon” goals, adhere to six Principles for Responsible Investment, as well as integrate and deepen ESG concepts into daily business operations and management.
The company will also strive to create a responsible comprehensive financial services platform and make contributions to high-quality socio-economic development.
-- BERNAMA
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