Posted: Wednesday, January 16, 2019 - 08:29 EST
Foresters Asset Management Inc ("FAM") is pleased to announce that it has become a signatory to the United Nations-supported Principles for Responsible Investing (UNPRI).
The UNPRI is recognized as the leading global network for investors who have publicly committed to integrating environmental, social and corporate governance (ESG) considerations into their investment practices and ownership policies. In becoming a signatory, FAM joins some of the world's largest investment managers, representing more than US$82 trillion in assets under administration.
“Responsible investing simply makes sense. It is aligned with the values of our investment team, the objectives of our stakeholders, and more than 140 years of community-focus, which is the heart of the “Foresters Purpose”. Foresters Asset Management is committed to being a leader in this field. Not only is it the right thing to do, but in addition, the evidence suggests that integrating responsible investment decisions can increase long-term risk adjusted returns in properly diversified portfolios. It can increase quality and help to reduce unintended consequences by identifying early warning signs within companies that could lead to a significant loss in shareholder and unitholder wealth.” said Suzann Pennington, Chief Investment Officer, Foresters Asset Management Inc.