It has emerged that Capital International, the global arm of Capital Group Companies, the US asset management powerhouse, has signed up to the United Nations Principles for Responsible Investment.
Capital, which has an estimated $1trn (€723bn) in assets under management, joins firms like T.Rowe Price and Legal & General Investment Management as more “mainstream” managers sign up, increasingly driven by demands from pension fund clients.
The 79-year-old California-based company is now listed among the PRI’s signatory list, although the PRI didn’t herald the inclusion. Privately-held Capital, which has 7,500 staff in 22 offices worldwide, is known for its American funds range – and the fact that it avoids marketing hype. Capital has more information on its responsible investing approach here
Another prominent new signatory is Canada’s C$71bn (€49.9bn) Alberta Investment Management Corporation. It joins fellow Canadian institutions such as the British Columbia Municipal Pension Plan, Caisse de Dépôtand the Canada Pension Plan Investment Board.
Meanwhile, Tokio Marine Asset Management, the funds arm of the giant Japanese insurance house, is also planning to sign up to the PRI, executives have told Responsible-Investor.com. TMAM is part of the Japan Engagement Consortium along with Governance for Owners and the Universities Superannuation Scheme. It is also currently marketing a Japanese ESG equities fund to European investors.
Other new signatories to the PRI include service providers MSCI and Thomson Reuters. Others who have signed up include Japan’s Integrex, Poland’s Investin, Hong Kong’s Leon CVM Capital Management, Denmark’s Sydbank, New Zealand’s Pathfinder Asset Management, Symbiotics and Corporation Financière Européenne, of Switzerland.
Also signing recently have been Trinity Street Asset Management (UK), Santander Pensiones (Spain), Triple 3 Partners (Australia), Sustainable Technology Partners Nordic AB (Sweden) and AddVenture (Singapore).