Tower signs UN principles agreement
Tower Investments has signed the United Nations (UN) Principle for Responsible Investment (PRI) and said that other companies should follow its example.
Chief executive of Tower, Sam Stubbs, said: “This is simply about doing the right thing and navigating the financial market with a moral compass. Not only is it the right thing to do, it is the right thing for a New Zealand owned company to do. It should lead to superior returns for our customers and KiwiSavers.”
The UN’s PRI covers issues such as corporate governance, anti-corruption, human rights and labour and environmental concerns. By signing the PRI, Tower has committed to observing those principles, benefiting Tower’s investors.
“The UN PRI represents aspirational goals and values that Tower Investments shares. I hope that the rest of the financial community will step up and join Tower in signing up to the gold standard of responsible investing,” Stubbs said.
Tower will engage the services of Mercer Consulting to help it implement and monitor its UN PRI program.
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