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Eastspring Investments Signs Up To PRI

Eastspring Investments (Eastspring), the USD 170 billion Asian investment management arm of Prudential plc, today announced it has signed the United Nations-supported Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investment.

“Adopting the PRI and integrating environmental, social and corporate governance (ESG) considerations into our investment decisions is part of our fiduciary responsibility to our clients,” said Guy Strapp, Chief Executive Officer, Eastspring.

“We have joined a global community of more than 1,900 asset owners, investment managers and service providers who are working to create an efficient and sustainable financial system that will reward long-term responsible investment. We firmly believe that such a system is essential for long-term value creation to which Eastspring and our clients aspire,” said Mr Strapp.

Fiona Reynolds, Managing Director of PRI said “We commend Eastspring’s commitment to sustainable investing and are very pleased that they have chosen to join the PRI.

 “In recent years, we have seen strong interest in ESG across Asia and we hope that other Asia based investment managers  will follow Eastspring’s lead in embracing sustainable investment strategies.  We look forward to working with Eastspring in the years to come,” said Ms Reynolds. 

“We are in the process of implementing a formal and consistent ESG focus across all asset classes, research and investment decision-making, with our emphasis on the long-term benefits of our clients,” said Virginie Maisonneuve, Chief Investment Officer, Eastspring.

“As a leading active asset manager in the region with a long-term bias, it is our responsibility to help individuals and institutions build a financially sound future, while playing a positive role in the development of capital markets and encouraging strong corporate governance,” Ms Maisonneuve added.

The PRI is an independent body that encourages investors to use responsible investment as a way to enhance returns and better manage risks.  It has more than 1,900 signatories, from more than 50 countries, representing asset managers, asset owners and service providers, and approximately USD 70 trillion in assets (as at 30 April 2017).