The key philosophy behind Colonial First State Global Asset Management’s membership of the United Nations Principles for Responsible Investment (PRI) is that we believe Environmental, Social and Governance (ESG) issues have the potential to impact investment returns; and for us as one of Australia’s largest asset managers, the implementation of the framework provided by the PRI makes good investment sense. Additionally, by becoming a signatory to the PRI, Colonial First State Global Asset Management believes it will act in greater alignment with our clients’ long-term investment interests.
In addition to the rigorous research that has long been undertaken by our investment teams, we believe the PRI provide a formal framework for the consideration of ESG issues when making investment decisions. Ultimately, we think our investment managers will be better informed to make long-term investment decisions, leading to an enhanced risk/return outcome for our clients.
During 2008, we demonstrated our commitment to being amongst the leading Responsible Investment asset managers globally by appointing Amanda McCluskey as Head of Sustainability and Responsible Investment who is driving what we are doing under each of the Principles and has developed a Responsible Investment framework that helps our business. To provide a more transparent account of our implementation of the PRI, we produce an annual responsible investment report to provide a valuable insight to our clients, our consultants and our fellow asset managers.
We are focused on making continuous improvements and we look forward to keeping you informed of our progress.
Mark Lazberger
CEO
Colonial First State Global Asset Management
