Milan, 12th September 2018 – Fondo Italiano d’Investimento SGR formalizes the adoption and the consequent commitment to apply and promote the Principles for Responsible Investment (PRI) fostered since 2005 by the United Nations, in particular through its two programs United Nations Global Compact and United Nations Environment Programme Finance Initiative (UNEP FI).
Fondo Italiano d’Investimento, which has been always careful to combine the maximization of
returns on investments with the development of the competitiveness of our production system,
considers the signature of the PRI as a further step in the path started in 2017 with the publication of the Fund’s Responsible Finance Policy. This Policy describes the strategy for integrating ESG criteria along every phase of the investment’s life cycle and establishes a set of sustainability principles related to its operations.
The PRIs consist of six voluntary principles that describe a set of actions aimed at promoting the
adoption of environmental, social and good governance criteria (the so-called “ESG criteria”) within traditional investment’s processes and policies.
By formally adopting the PRIs, the Fund commits to:
- Incorporate ESG issues into investment analysis and decision-making processes;
- Be active owners and incorporate ESG issues into ownership policies and practices;
- Seek appropriate disclosure on ESG issues by the companies and the funds participated;
- Promote acceptance and implementation of the Principles within the investment industry;
- Work together to enhance the effectiveness in implementing the Principles;
- Report on the activities and progress towards implementing the Principles.
Carlo Mammola, CEO of Fondo Italiano d’Investimento SGR, said:
“By signing the Principles for Responsible Investment, Fondo Italiano d’Investimento has decided to strengthen its position as a reference player in the Italian financial landscape and to communicate to the market the main principles guiding the way in which we select and manage the Fund’s investment portfolio. In this framework, a relevant component of our profile is represented by the people within the Fund, who work with the aim to create long-term added value, shared with companies, investors and other stakeholders, establishing solid relationships of trust based on the recognition of our principles of responsible finance.”
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