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BNP Paribas commits to UN PRI
BNP Paribas Securities Services has signed the United Nations supported Principles for Responsible Investment (PRI) to incorporate environmental, social, and governance (ESG) factors into their investment decisions.
By signing the PRI, BNP Paribas Securities Services is committed to providing, developing, and promoting services that support clients' implementation of the PRI's six principles.
The global custodian's general manager, Patrick Colle, said singing the PRI reflected their long-standing commitment to responsible investing.
"As a global custodian, we have an important role to play in helping our clients adopt and integrate ESG policies and demonstrate the value these can bring to an organisation," Colle said.
"By signing the PRI, we are committing to continuing to develop solutions promoting responsible investing and to having a constructive dialogue with our clients on these issues."
The six principles are:
- To incorporate ESG issues into investment analysis and decision-making processes;
- To be active owners and incorporate ESG issues into ownership policies and practices;
- To seek appropriate disclosure on ESG issues by the entities invested into;
- To promote acceptance and implementation of the principles within the investment industry;
- To work together to enhance effectiveness in implementing the principles; and
- To report on activities and progress towards implementing the principles.
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