On the day of the UN Climate Change Summit Dalriada Trustees Limited, one of the UK’s largest providers of professional trustee services, has become one of the latest signatories of the United Nations’ Principles for Responsible Investment (PRI), an initiative set up to promote a sustainable and responsible approach to asset ownership.
Signatories to the UN-supported PRI, which are service providers, asset owners and managers, commit to six principles designed to embed environmental, social and governance considerations into investment and ownership decisions and hold companies they invest into to account on ESG failures.
Dalriada is the first professional trustee firm in the UK to sign the PRI and will be incorporating ESG factors into the decisions it makes on behalf of pension schemes across the UK.
Launched at the New York Stock Exchange in April 2006, the PRI has to date secured over 2,300 signatories worldwide, becoming in the leading global network for responsible investing.
Brian Spence, Director at Dalriada Trustees Limited, said: “Becoming a signatory strengthens our commitment to compliance with leading ESG standards now fully embedded into our investment decision making processes. ESG is increasingly high on the agenda for pension schemes in the UK, and as stewards of billions of pounds, trustees have a clear role to play in influencing important decisions about how client money is spent for the wider benefit of society.”
Clar Christie, Dalriada’s Responsible Investment Officer, said “In the week that the United Nations is holding its Climate Action Summit, we want to highlight the responsibilities that trustees, as asset owners, have in helping to shape the world we live in.”
“The PRI is very pleased to welcome Dalriada Trustees as a signatory”, said Fiona Reynolds, CEO of the PRI. “In becoming a signatory, Dalriada is clearly recognising the important role economic, social and governance factors play in investment strategies. We look forward to working with the team.”