PGI commits to responsible investment
Principal Global Investors has joined the ranks of companies that have signed the United Nations-backed Principles of Responsible Investment.
The chief executive of Principal Global Investors Australia, Grant Forster, said the decision to sign up to the principles was in line with the asset manager’s investment strategy and culture.
Signatories commit to six aspirational Principles of Responsible Investment related to environmental, social and corporate governance.
“As a leader in the global asset management industry, we believe appropriate consideration of these issues is part of delivering superior risk-adjusted returns,” said Forster. “We are committed to acting in the best long-term interests of our clients and will apply the Principles where consistent with our fiduciary responsibilities and in alignment with our investors’ expectations.”
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
