Emirates NBD Asset Management signs the United Nations Principles for Responsible Investment

Emirates NBD Asset Management signs the United Nations Principles for Responsible Investment
Emirates NBD Asset Management signs the United Nations Principles for Responsible Investment

Emirates NBD Asset Management, a subsidiary of Emirates NBD, has announced that it has joined the list of signatories to the United Nations Principles for Responsible Investment, in a move aimed at strengthening its commitment to responsible investing and environmental, social and corporate governance standards.

With this, Emirates NBD Asset Management becomes the first bank-owned company specialized in asset management in the UAE to join the list of signatories to the “United Nations Document of Principles for Responsible Investment”, the most prominent standard for the global asset management sector, which includes more than four thousand signatory companies investing assets. Its value exceeds 121 trillion dollars. The list of signatories to the document includes a number of leading global investment institutions, asset managers and service providers, working to integrate ESG standards into investment practices with the aim of building a more sustainable global financial system.

During the past few years, and especially after the (Covid 19) pandemic, global markets witnessed a record increase in the volume of demand for sustainable investment options. A new report by Morningstar indicates that global assets under management in sustainability-focused funds have reached nearly $2 trillion, following record inflows in the first quarter of 2021. Global sustainable funds attracted record inflows of 185 $0.3 billion during the first quarter of 2021, an increase of 17% compared to the first quarter of 2020.

By signing the document, Emirates NBD Asset Management is committed to incorporating the six principles of responsible investing into its investment and ownership decisions, developing and implementing an enhanced set of policies and procedures that integrate ESG standards into its operating models, including employee training, implementing New policies, regulations, initiatives, disclosure and reporting processes.

As part of its continuous efforts to enhance sustainability, all employees of Emirates NBD Asset Management underwent accredited training programs in several reputable institutions, including: “Candriam Academy” (certificate of sustainable and responsible investment) and “The Chartered Institute of Securities and Investment” (certificate of sustainable and responsible investment). and the CFA Institute (Certificate of Investment in Environmental, Social and Corporate Governance).

Steve Corinne, Senior Executive Director, Emirates NBD Asset Management, said: “We are proud to be among the signatories to the UN Principles for Responsible Investment as the first bank-owned asset management firm in the UAE to take the lead in the process. The initiative is to contribute to making a positive impact at the level of the sector and society, while working to provide long-term value to our partners. Through this pioneering step, we aim to continue to support ESG compliance in capital markets in the MENA region in support of the growing demand for responsible investment among global institutional investors.

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