CFS becomes UN-backed PRI signatory
Colonial First State (CFS) has become a signatory to the UN-endorsed Principles for Responsible Investment (PRI) as part of its implementation of Commonwealth Bank’s wealth management responsible investing framework.
PRI encourages investors to use responsible investment as a way to enhance returns and better manage risks.
CFS corporate responsibility senior manager, Jodie Tapscott, said being a signatory formalised the firm’s commitment to being transparent with members on how ESG risks and issues were being managed on their behalf.
“It will also provide an opportunity to share engagement and voting outcomes so that our members have comfort that we are listening to their concerns on the environment and human rights,” Tapscott said.
CFS head of investments, Scott Tully, said for CFS, responsible investing was about taking into account ESG and climate change risks in their investment process.
As a signatory, CFS will adhere to the PRI’s six principles that include incorporating environmental, social, and governance (ESG) issues into investment analysis and decision making processes, being active owners, and seeking appropriate disclosure on ESG issues by the entities in which it invests.
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