Royal London has signed up to the UN-supported Principles for Responsible Investment (PRI) as part of its commitment to being a responsible investor.
The new commitment to the PRI is part of the mutual provider’s responsible investment commitment as an asset owner to generate good returns while also making a positive contribution to society and the environment.
The PRI’s six principles were developed as a voluntary guide to incorporating environmental, social and governance (ESG) considerations into investment practice for asset managers and asset owners. Royal London’s primary asset manager, Royal London Asset Management has been a signatory since 2008.
The six principles are:
We will incorporate ESG issues into investment analysis and decision-making processes.
We will be active owners and incorporate ESG issues into our ownership policies and practices.
We will seek appropriate disclosure on ESG issues by the entities in which we invest.
We will promote acceptance and implementation of the principles within the investment industry.
We will work together to enhance our effectiveness in implementing the principles.
We will each report on our activities and progress towards implementing the principles.
Signing up as an asset owner means Royal London will ensure all asset managers it engages with are committed to integrating ESG factors into investment decisions.
Royal London will also expect its asset managers to fulfil stewardship responsibilities by working with the companies they invest in to improve the way they are run by voting shares, meeting with company management, or pushing for higher industry standards.
Isobel Langton, CEO at Royal London Intermediary, said:
“Royal London is committed to being a responsible investor. This means being a good steward of our customers’ assets and promoting responsible investment and good governance across all asset classes. Signing the UN Principles of Responsible Investment and reporting against their framework demonstrates our commitment towards a more sustainable global financial system.”
Notes to Editors
1. More information on the six Principles of Responsible Investment can be found here:
For further information please contact:
Helen Morrissey, Corporate PR Specialist – Long Term Savings
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About Royal London:
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £139 billion, 8.6 million policies in force and 4,348 employees. Figures quoted are as at 30 June 2020.