BT joins UN responsible investment initiative
BT Financial Group is the latest Australian wealth management organisation to agree to the United Nations Principles of Responsible Investment (PRI).
The Westpac-owned entity is also the largest domestic fund manager to join the list of those firms committed to considering areas such as the environment, corporate governance, and social issues when making investment decisions.
BT general manager investment manager, Dirk Morris, said: “Signing the UN PRI is another advance in our commitment to sustainable business practices and to both engage and lead the Australian investment management industry in ESG [environment, social and corporate governance] awareness and actions.”
The move is the latest in a range of socially responsible investment initiatives BT has implemented in recent times.
These include signing the Carbon Disclosure Project, being a member of the ASX Corporate Governance Council (CGC) Working Group on Corporate Social Responsibility and a representative of the ASX CGC Implementation review Group, as well as a representative of the FINSIA ethics committee.
Morris said BT’s day-to-day management practices also focused on providing ethical business leadership and providing the company’s customers with market-leading socially responsible investment products.
BT joins a number of other Australian investment mangers in signing the UN PRI. Those already on the signatories list include Australian Ethical Investment, Drapac, Indian Ocean Rim Asset Management, and Portfolio Partners.
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