Three find management subsidiaries owned by Singapore-based United Overseas Bank (UOB) have signed up to responsible investing guidelines backed by the United Nations (UN).
The three subsidiaries – UOB Asset Management, UOB Venture Management and UOB Global Capital – have committed to adopt the Principles for Responsible Investment (PRI), a set of voluntary pledges to consider ESG factors when making any investment decisions.
The principles were launched in 2006 and so far more than 2,800 investment firms have signed up.
In Singapore there are now 29 signatories to the PRI pledge.
Aside from the UOB subsidiaries, the most recent addition was Lion Global Investors, a subsidiary of OCBC bank’s Great Eastern Holdings investment arm, which signed up on January 3.
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