A+ PRI Rating
01st August, 2019
Davy Asset Management received 2019 assessment results from the UN-backed Principles for Responsible Investment (PRI). PRI granted Davy Asset Management an A+ rating, the highest possible score, for Strategy and Governance. This score is an independent recognition of Davy Asset Management's approach to Sustainability Investing and it's Environment, Social and Governance (ESG) integrated investment process.
The PRI believes that an economically efficient, sustainable global financial system is a necessity for long-term value creation. Such a system will reward long-term, responsible investment and benefit the environment and society as a whole. The PRI works to achieve this sustainable global financial system by encouraging adoption of the Principles and collaboration on their implementation; by fostering good governance, integrity, and accountability; and by addressing obstacles to a sustainable financial system that lie within market practices, structures, and regulation1.
What are the Principles for Responsible Investment?
The PRI works with its international network of signatories including Davy Asset Management to put the six Principles for Responsible Investment into practice. Its goals are to understand the investment implications of ESG issues and to support signatories in integrating these issues into investment and ownership decisions.
Figure 1: The six Principles for Responsible Investment
At Davy Asset Management we view the adoption of responsible investment principles as both an integral part of an investment process and critical part of any investment firm's fiduciary duty to its clients. We follow an investor-led ESG approach whereby investment decision-makers drive ESG integration across the firm. We believe that this approach yields more meaningful results than an isolated ESG function.
We are proud to be members of the PRI and look forward to continuing our work in partnership with other investors and distributors to increase awareness and collaborate on sustainability issues. For more information about the UN Principles for Responsible Investment visit the UN PRI website: https://www.unpri.org/
1PRI https://www.unpri.org/ as at 16th July 2019
Please note that this article was originally published in August 2019 by Davy Asset Management Ltd, prior to its merger on 29th November 2019 with another entity of the Davy Group, Davy Investment Funds Services Ltd. If you have any questions on this document or about this merger please contact any member of the team.
The information discussed in this article does not purport to be comprehensive or all inclusive. It does not constitute an offer for the purchase or sale of any financial instrument, trading strategy, product or service. No one receiving this document should treat any of its contents as constituting advice or a personal recommendation. It does not take into account the investment objectives or financial situation of any particular person.
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