Principles for Responsible Investment

The adoption of the Principles for Responsible Investment and the promotion of social welfare and sustainable development are strategic choices for Piraeus Asset Management MFMC.

PRI Principles

The Principles for Responsible Investment (PRI Principles) are a voluntary set of investment principles offering a range of possible actions for integrating ESG issues into investment practice.

The Principles for a responsible investment strategy are:

Integrating the three ESG pillars into investment analysis and decision-making processes
Incorporating ESG philosophy into the company’s practices and policies
Seeking a similar approach from companies in which PRI signatories invest
Promoting acceptance and implementation of the principles within the investment community
Collaborating with initiative members to enhance the effectiveness of principle implementation
Reporting on each member’s actions and progress toward implementing the principles

More information: https://www.unpri.org/pri/what-are-the-principles-for-responsible-investment

Responsible Investments with ESG Criteria

Sustainability is a dynamic process based on three pillars: the economy, society, and the environment. Responsible investments are those that, in addition to other criteria, satisfy specific rules:

a) environmental, b) social, and c) those related to the quality of corporate governance.

These criteria are internationally known as ESG factors, an acronym for:

Environment
Social
Governance

ESG criteria

ESG criteria are now a key factor for investors when making significant investment decisions. ESG indicators attempt to quantify the qualitative analysis of a company based on environmental, social, and governance criteria.

Environmental criteria assess how a company conducts its operations as a steward of the natural environment
Social criteria examine how a company manages relationships with its employees, customers, and the broader communities in which it operates
Governance deals with the company’s leadership, the structure and size of its Board of Directors, and shareholders' rights

The Global PRI Initiative

PRI Initiative

The international PRI (Principles for Responsible Investment) initiative pertains to the adoption and application of Principles for Responsible Investments. It was established on April 27, 2006, with the support of the United Nations and the United Nations Environment Programme Finance Initiative (UNEP FI). The goal of PRI is to understand the impact that environmental, social, and corporate governance (ESG) factors have on investments and to encourage investors to integrate these factors into their investment decision-making processes.

In this context, PRI and participating companies and organizations (PRI Signatories) work together to achieve a sustainable financial system by encouraging the adoption and implementation of responsible investment principles. This includes promoting good governance, integrity, accountability, and addressing arising obstacles.

PRI provides its member companies with regular updates on the latest developments in the field of responsible investment, education through online seminars and global events, research and studies conducted in collaboration with the academic community, a standard for reporting, and a wealth of advisory content on integrating the Principles for Responsible Investments into the operations of companies and organizations.

Today, PRI is the largest supporter of responsible investments, with more than 2,300 companies and organizations managing over $82 trillion in assets. More information: https://www.unpri.org/

Participation of Piraeus Asset Management MFMC in the PRI initiative

Demonstrating our commitment to responsible investment practices, Piraeus Asset Management MFMC has signed the global initiative Principles for Responsible Investment (PRI Initiative) since 2019. The participation of Piraeus Asset Management MFMC in the PRI Initiative (Principles for Responsible Investment), for the adoption of the Principles of Responsible Investments, is part of the company's strategic choice to support modern initiatives regarding sustainable development.

PRI Assessment

Joining PRI is a voluntary initiative. By signing the PRI, Piraeus Asset Management publicly committed to adopting and implementing the six investment principles. Among other commitments, signatories are required to annually report on their responsible investment activities and the implementation of PRI principles through a mandatory annual report. The PRI annual reporting framework evaluates each organization's overall approach to responsible investments.

The PRI Assessment is an annual evaluation conducted by the PRI Organization, which assesses how companies and organizations that have signed the Principles for Responsible Investment (PRI) integrate environmental, social, and governance (ESG) criteria into their investment strategies and practices.

This assessment provides a detailed report on each organization's performance in these areas, offering star ratings on a scale from 1 to 5 stars, with 1 star being the lowest and 5 stars the highest, based on the success of integrating responsible investment principles.

Piraeus Asset Management MFMC ’s Assessment

Piraeus Asset Management MFMC received its 2023 assessment report, achieving a high score.

It received a 4-star rating for the "Governance Policy and Strategy" section and 4 stars for all aspects of its sustainability approach and the investment sections relevant to the 2023 PRI Assessment Report. It performed above the average score of signatories across all evaluated sectors.

See the following links:

1. Piraeus Asset Management Assessment Report [download ]
2. Transparency Report [download ]
3. PRI Assessment Methodology [download ]

At Piraeus Asset Management MFMC, we follow a long-term responsible investment approach in our investment strategies. Achieving high scores in the UN PRI assessment reflects the quality of our approach to sustainability.