Piraeus Asset Management MFMC is a member of the PRI Initiative (Principles for Responsible Investment).
The PRI is the world’s leading proponent of responsible investment and defines responsible investment as a strategy and practice to incorporate environmental, social and governance (ESG) criteria in investment decisions. ESG criteria are the key parameter for investors. Environmental criteria examine how an enterprise performs as a manager of the physical Environment, Social criteria examine how a company manages relationships with its employees, customers, communities in which it operates, while Governance is dealing with company leadership, executives' fees, the structure and size of the Board of Directors and the rights of stakeholders.
The PRI Initiative launched in April 2006 with the support of the United Nations and the United Nations Environment Program Finance Initiative. PRI Principles are in essence a set of global best-practices for responsible investment.
Piraeus Asset Management MFMC, as a PRI Signatory, demonstrates its strategic choice to work with concerted actions to implement the principles to enhance social welfare and sustainable development.
Piraeus Asset Management MFMC, is committed to the following Principles of Responsible Investment:
- To incorporate Environmental, Social and Corporate Governance (ESG) issues into investment analysis and decision-making processes;
- To be an active owner and to incorporate ESG issues into our ownership policies and practices;
- To seek appropriate disclosure on ESG issues by the entities in which we invest;
- To promote acceptance and implementation of the Principles within the investment industry;
- To work with the PRI Secretariat and other signatories to enhance their effectiveness in implementing the Principles;
- To report on our activities and progress towards implementing the Principles.
Today, the PRI Initiative is the largest initiative to promote responsible investment internationally, listing more than 2,300 companies and organizations.
For more information, visit https://www.unpri.org/