30 Jan 2012
Man Group plc (“Man”) has become a signatory to the United Nations-backed Principles for Responsible Investment (PRI).
The PRI is a framework designed to encourage sustainable investing by incorporating environmental, social and governance issues into investment decision-making and ownership practices. Globally, there are 988 signatories, with 126 of these in the UK. Man is the largest UK-based manager of alternative assets to become a signatory.
The PRI is a framework designed to encourage sustainable investing by incorporating environmental, social and governance issues into investment decision-making and ownership practices. Globally, there are 988 signatories, with 126 of these in the UK. Man is the largest UK-based manager of alternative assets to become a signatory.
Peter Clarke, chief executive of Man, said: “This step is a signal of Man’s continued commitment to responsible investing. As a leading alternative asset manager, we hope that by signing up to the UN PRI we will encourage others in our industry to follow our lead.”
Jason Mitchell, portfolio manager, GLG Global Sustainability Equity Fund said: “Man’s support recognises our commitment to help advance the UN PRI agenda, and attests to the positive effects that normative, international frameworks like the PRI bring to the investment community. It also marks the next step in a process that began with our legacy in environmental funds, expanded into broader global sustainability themes and is driving our current work developing the application of sustainability across alternative strategies.”
