Four asset managers have been cut from the UN Principles for Responsible Investment (PRI) after a review by the international body – the first companies to have been removed from the list of signatories for failure to meet its standards.
France's BPE, the private banking arm of la Banque Postale, and Delta Alternative Management have both been ousted, alongside US-based Primate Wave IP Investment Management and Indonesian firm Corfina Capital. A Dutch savings vehicle, Stichting GBF, has also been cut from the list of signatories, according to Reuters. ESG ratings: Present problems and future solutions The cuts follow the removal of 10 signatories for failing to participate in the PRI's reporting and assessment process during the 12 months to March 2019, according to the organisation's latest annual report. A furthe...
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