Swiss asset manager Vontobel has made a step forward into SRI commitment by joining the United Nations Global Compact.
This initiative gathers around 10,000 companies from over 145 countries pledging to align their operations and strategies with ten universal principles in the areas of human rights, labour, environment and anti-corruption.
Vontobel has been a signatory of several initiatives such as the UN principles for responsible investment (PRI) and the Carbon Disclosure Project.
As of end 2016, the manager had some CHF11bn (€10.1bn) of assets invested in sustainable strategies.
Vontobel’s chief executive officer Zeno Staub said: “At Vontobel, we are convinced that we can shape our own future. This is why we combine successful entrepreneurship with responsibility and create new perspectives. By joining the UN Global Compact, our company is helping – within our own sphere of influence – to promote key sustainability principles within the world.”
As of 31 December 2016, Vontobel had over CHF195bn (€179.2bn) of assets under management.