KBIGI picks up UN-backed best practice awards

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Dublin-based asset management firm KBI Global Investors (KBIGI) has been recognised with three star ratings by the United Nations-supported PRI (Principles for Responsible Investment), it was announced this week.

The PRI awarded KBIGI its highest plaudit, an A+ rating, in three categories, namely ‘Strategy and Governance’ and the somewhat wordy ‘Listed Equity – Incorporation (Screening and Integration)’ and ‘Listed Equity – Active Ownership (Engagement and Proxy Voting)’.

The firm claimed this as a ringing endorsement of their strategy, saying that this represented the highest accolade possible “across all three modules relevant to the firm’s overall approach to responsible investment, and the management of equities”.

The PRI was founded in 2006 to promote best practice in finance and investment, and to seek to ensure that the industry strives to benefit society as well as benefiting shareholders and employees.

ESG principles

Its mission statement says: “As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time).

“We also recognise that applying these principles may better align investors with broader objectives of society.”

Signatories of the PRI are assessed every year against a comprehensive range of responsible investing indicators across a number of categories.