KBI completes hat trick retaining maximum A+ UN PRI rating across all relevant modules
Institutional asset manager KBI Global Investors (‘KBIGI’) is pleased to confirm that the United Nations supported Principles for Responsible Investment (‘PRI’) has for the third consecutive year awarded an A+ rating – its highest rating – across all three assessed modules relevant to the firm’s overall approach to Responsible Investment and the management of equities.
The Dublin-based manager achieved:
- an A+ rating for the ‘Listed Equity – Incorporation’ module, which examines how the firm incorporates ESG criteria into its investment processes. (This compares to the median competitor rating of ‘B’, two grades below the rating awarded to KBIGI);
- an A+ rating for ‘Strategy & Governance’ of Responsible Investing within the firm, (which compares with a median competitor score of ‘A’, one grade below KBIGI’s A+ rating);
- an A+ rating for ‘Listed Equity – Active Ownership’, which examines how the firm employs Responsible Investing principles in its proxy voting and engagement activity. (This compares to the median competitor rating of ‘B’).
KBI Global Investors boasts a long-standing commitment to Responsible Investing, dating back to the early 1980s, and has been a signatory of the UN PRI – the World’s leading proponent of responsible investment – for many years. Today the PRI has over 2,300 signatories (Asset Owners and Asset Managers), with combined assets owned and under management of more than $80trn.
The PRI commitment
Each year, every signatory to the Principles must tender a submission to the PRI, incorporating a detailed account of the firm’s Responsible Investing activities. This is a public document, available from the PRI. In turn, the PRI conducts a detailed Assessment of all submissions, and awards a rating (‘A+’, ‘A’, ‘B’, ‘C’, ‘D’, ‘E’ or ‘F’, in descending order of merit) against various aspects of Responsible Investing activity.
Commenting on the award, Eoin Fahy, Head of Responsible Investing at KBI Global Investors said: “As the importance of ESG and Responsible Investing becomes ever clearer in the marketplace, many investment managers are moving to strengthen their commitment in this area. As a result, many investors are finding it difficult to identify which managers have a real and longstanding commitment to Responsible Investing, and which are simply following the herd. The trio of A+ ratings we have secured underlines the strength of our proposition and credentials in this key area and sends a very clear message to the market and to our clients – that our commitment is real, deeply entrenched in the firm’s investing culture and part of our very DNA.”
KBIGI has always had a strong focus on ESG and is a member of or signatory to the Carbon Disclosure Project, Institutional Investors Group on Climate Change and the UK Stewardship Code (with Tier 1 status), and part of a network of investors which support and promote the long-term benefits of sustainable investment within the context of their individual investment processes and fiduciaries duties. The firm’s Water, Energy Solutions and Agribusiness fund have each been approved as compliant with the European SRI Transparency Code (http://www.eurosif.org/transparency-code). More information on KBIGI’s work in the field of Responsible Investing is available at https://issuu.com/kbigi/docs/kgbi-corporate_brochure_digital_sin?e=33724851/62600686 and in this short video https://vimeo.com/261110766.
NOTES TO EDITORS
About UN PRI Assessment and the KBIGI Rating
Principles for Responsible Investing 2019 Assessment:
Signatories of the PRI are assessed against a range of Responsible Investing indicators within each module. KBI Global Investors was awarded an ‘A+’ rating for all modules relevant to equity investors i.e. ‘Strategy and Governance’, ‘Listed Equity – Incorporation’, and ‘Listed Equity – Active Ownership’. Details are available on request.
KBI Global Investors’ submission to the UNPRI, which gives complete transparency on all the firm’s Responsible Investing activity and policies, is available at this link:
The methodology of assessment is detailed at this link: https://www.unpri.org/download?ac=4315
The full PRI Assessment for KBI Global Investors is available on request.
The PRI is the World’s leading proponent of responsible investment, an international network of investors working together to put the six Principles for Responsible Investment into practice – https://www.unpri.org/pri/what-are-the-principles-for-responsible-investment – works to understand the investment implications of environmental, social and governance (‘ESG’) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. It acts in the long-term interests of its signatories, the financial markets and economies in which they operate – and ultimately the environment and society at large. The PRI is truly independent and encourages investors to use Responsible Investment to enhance returns and better manage risks. More information on the PRI is available at https://www.unpri.org/
About KBI Global Investors (‘KBIGI’)
Established in 1980, KBI Global Investors (‘KBIGI’) is a specialist institutional asset management boutique, offering a range of Global Equities and Natural Resources strategies. The firm manages assets for a broad range of clients – public and corporate pension schemes, sub-advisory investors, foundations and endowments, wealth managers, private banks and investment intermediaries included. KBIGI enjoys an increasingly global client base and today holds mandates in the UK, Europe, North America and Asia. Part of the Amundi Group, the firm is headquartered in Dublin, with additional offices in Boston, Massachusetts.
Originally focused exclusively on the Irish market, managing predominantly domestic balanced mandates, KBIGI continues to manage pension fund assets for some of Ireland’s largest and best-known corporations; today the firm enjoys significant coverage across the global institutional consultant community, offering investment services on both a segregated and unitised basis.
KBIGI boasts a track record of delivering consistent and outstanding risk-adjusted investment performance over the longer term, its highly experienced investment team today managing over €10.9bn. (This is the combined AuM of KBI Global Investors Ltd and KBI Global Investors (North America) Ltd as at 31st March 2019).
The firm is headed by CEO Sean Hawkshaw, with members of the KBIGI team holding 12.5% of the equity in the firm.
KBI Global Investors Ltd is regulated by the Central Bank of Ireland and subject to limited regulation by the Financial Conduct Authority in the UK. Details about the extent of our regulation by the FCA are available from us on request. KBI Global Investors (North America) Ltd is a registered investment adviser with the SEC and regulated by the Central Bank of Ireland. KBI Global Investors (North America) Ltd is a wholly owned subsidiary of KBI Global Investors Ltd. ‘KBI Global Investors’ or ‘KBIGI’ refer to KBI Global Investors Ltd and KBI Global Investors (North America) Ltd.