EFA signs UN’s Principles for Responsible Investment
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EFA signs UN’s Principles for Responsible Investment 17 May 2021 Luxembourg Reporter: Maddie Saghir
Image: BillionPhotos.com
EFA has signed the United Nations-supported Principles for Responsible Investment (PRI), a global framework for encouraging environmental, social and governance (ESG) practices in investment strategies.
For asset servicing company EFA, becoming a signatory to the PRI is a natural step after joining the UN Global Compact.
For the UN Global Compact, signatories commit to aligning their operations and strategies with ten principles in the areas of human rights, labour, environment and anti-corruption.
EFA says it takes ESG matters very seriously and has been awarded the Gold level by the independent Ecovadis label since 2018, which allows asset managers with sustainable investment strategies to keep a high-level of ESG along all the value chain of their funds.
Noel Fessey, EFA CEO, comments: "We believe that what we do today — individually and collectively — shapes our world's future. We believe that we have a responsibility to help shape a better, sustainable future. With this signature, we declare that the EFA supports those in the fund industry who want to make a difference."
Fiona Reynolds, PRI CEO, comments: "Service providers such as EFA play a pivotal role in strengthening the integration of ESG across the investment chain.”
“We’re very pleased to welcome EFA as a signatory to the PRI, and applaud their commitment to adhere to our principles in supporting institutional investor clients in Luxembourg and beyond. We look forward to working with the team,” adds Reynolds.
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