Investors managing $3trn back participation in the UN Global Compact

A coalition of 34 institutional investors managing approximately $3.3trn in assets is encouraging 1,900 companies located in 44 countries to consider joining the United Nations Global Compact as part of the “PRI for Rio” collaborative engagement.

Enhancing corporate sustainability was high on the agenda of the 193 Member States that attended the UN’s Rio+20 conference in Rio de Janeiro, Brazil in June 2012.

Following that, a group of PRI signatories launched the UN Global Compact to work for increased focus on sustainability among companies globally, calling it “PRI for Rio”.

The investors are all signatories to the UN-supported Principles for Responsible Investment (PRI). They are based in Australia, Europe, North and South America and include BNP Paribas Investment Partners, Boston Common Asset Management, Calvert Investments, Highclere International Investors, PGGM, Scottish Widows Investment Partnership, Sparinvest Holdings SE, Threadneedle Investments, Trillium Asset Management and Walden Asset Management.

Globally, investors are increasingly evaluating companies’ ability to address environmental, social and governance (ESG) opportunities and challenges. A company’s ability to identify and manage such issues has become a significant factor in shaping its financial performance. Participation indicates a company is alert to the business implications of ESG issues.

Around 7,000 corporate signatories in 135 countries have committed to the implementation, disclosure and promotion of the 10 Global Compact principles. Signing up is an important proof of companies’ commitment to meet and enact the values the UN Global Compact represents.

Christian Dargnat, global CIO at BNP Paribas Investment Partners said the UN Global Compact is the shared framework on ESG standards for all corporate holdings. “We thus welcome this PRI engagement as a force for expanding these standards across companies.”

Bennett Freeman, senior vice president of Sustainability Research and Policy at Calvert Investments, a UNGC participant and PRI signatory, said his firm regularly engages with companies and encourages them to join the Compact to further transparency and disclosure.

Ed Makin, CEO at Highclere International Investors added: “Becoming a member has made us think differently about the way we invest on behalf of our clients, excluding numerous companies from our portfolios that have little regard for environmental, social or governance issues.”

Per Noesgaard, group CEO, Sparinvest Holdings SE, said: “Company transparency and disclosure of ESG risks are vital for our ability to assess these in our investment decision-making process. Companies signing up to the UN Global Compact display a commitment to disclosing and addressing ESG risks in their business, which is definitely in our interest as a long-term asset manager.”

Pirelli has been an active member of the UN Global Compact since 2004. “By adopting its principles as the foundation for our environmental, social and governance policies and making these the framework within which we develop our business strategy, we have found that we are making a profound, positive impact not only on all our stakeholders, but on our bottom line as well.” Marco Tronchetti Provera, chairman and CEO.

The companies invited to join the UN Global Compact were selected on their inclusion in the FTSE All World Index. A sample of the companies are highlighted below.

 

AustraliaMediobancaEnka Insaat
Aristocrat LeisureJapanEregli Demir Ve Celik
AscianoAeon Mall Co ltdTupras
Australand Property GroupBrother IndustriesTurk Telekomunikasyon AS
Bank of Queensland Ltd.Circle K SunkusUK
Bluescope SteelDai-ichi Life InsuranceAshmore Group
EnvestraDena Co LtdAssociated British Foods
GunnsH2O RetailingDaily Mail & General Trust
Leighton HoldingsHamamatsu PhotoPrudential
Tabcorp HoldingsIHIRentokil Initial
Ten Network HoldingsJuroku BankRexam
BrazilKobe SteelSainsbury
Ambev PNKokuyoShire
SID Nacional ONLawsonTate & Lyle
Telemar Norte Leste SAMazda MotorTUI Travel
Ultrapar Participacoes S.A.Mochida PharmaceuticalTullow Oil
WEG OrdNissan Chemical IndustriesWolseley
Companhia de Gas de Sao Paulo Pfd.Nitto Denko CorpUSA
CanadaNS SolutionsAbbott Laboratories
Alimentation Couche-TardNTT Urban DevelopmentAetna
Canadian Utilities CL AOgaki Kyoritsu BankThailand
Manulife FinancialPark24Allstate Corp
Penn West PetroleumSankyo Co Ltd GunmaAlpha Natural Resources
Research In MotionShima Seiki ManufacturingAmerican Water Works Company
Sun Life FinancialShinsei BankAmgen Corp
Valeant Pharmaceuticals InternationalShowa DenkoAnadarko Petroleum
ChinaShowa Shell SekiyuAnalog Devices
BYDSony Financial Holdings Inc.Biogen IDEC
Agricultural Bank of ChinaSumitomo Metal MngBoston Property
Beijing North StarTakara HoldingsBoston Scientific Corp
China Agri-Industries HoldingsTHKChurch & Dwight
China Minsheng BankingTokyo Broadcasting System HoldingsCity National
China Railway GroupToppan FormsCognizant Tech Solutions
China Shipping Container LinesToyobo CoCons Edison Holding
China Southern Airlines Company LimitedWest Japan RailwayCrown Castle Intl Corp
Double Coin HoldingsKoreaDanaher Corp
PICC Property & CasualtyHanwhaDeere & Co
Shanghai FriendshipHonam PetrochemicalDollar Tree
Shanghai Wai Gaoqiao Free-Trade Zone DevelopmentKB Financial GroupDover Corp
Tsingtao BreweryLG CorpEOG Resources
EgyptLotte ConfectioneryEquifax
Egypt Kuwait Holding CoMalaysiaF5 Networks Inc
Egyptian Iron & SteelParkson HoldingsFoster Wheeler
FranceMexicoGenuine Parts
Dassault SystemesInmuebles Carso SAB de CVHome Depot
Groupe EurotunnelNetherlandsIntercontinentalExchange
KlepierreBoskalis WestminsterInternational Business Machines Corporation (IBM)
GermanyNew ZealandIron Mountain
BeiersdorfSky City Entertainment GroupJ M Smucker
Brenntag AGPeruJPMorgan Chase & Co
Porsche Automobile HoldingCredicorpKohl’s Corp
SuedzuckerPolandLam Research
United InternetGetin Service Provider SALiberty Media
Hong KongGlobe Trade CentreLiberty Property Trust
Bosideng International HoldingsPKO Bank PolskiLoew’s
China Zhongwang Holdings LtdRussiaMacerich
Dah SingRusHydro (Federal Hydrogenerating Co)MasterCard
Dah Sing Banking GroupTATNEFTMcDermott International
Foxconn International HoldingsSingaporeMetlife
Hidili Industry International DevelopmentCapitaMalls AsiaMGM Resorts International
Hong Kong & China GasGuocolandMotorola Mobility Holdings
Hutchinson Harbour RingSia EngrO Reilly Auto
Jardine MathesonSingapore Post LtdOld Republic Intl
Jardine StrategicWheelock PropertiesOmnicom Group
Kowloon DevYangzijiang Shipbuilding HoldingsPetsmart
Orient Overseas InternationalSouth AfricaPG & E Corp.
Sands ChinaClicks Group LtdPharmasset
IndiaDiscovery HoldingsPlum Creek Timber Co
Adani EnterprisesImperial HoldingsPPG Industries
Ashok LeylandMMI HoldingsProcter & Gamble
Bajaj Auto LimitedReunertProgressive Corp
Canara BankRMB HoldingsQEP Resources
Container Corporation of IndiaSteinhoff International HoldingsQualcomm
Glenmark PharmaceuticalsSwedenRalph Lauren Corp
Grasim IndustriesHusqvarna AB-BRovi Corporation
Jaiprakash Associates LimitedIndustrivarden AB-ARowan Companies
Oriental Bank of CommerceModern Times GroupSafeway Inc
Punj LloydSwitzerlandSAIC
United SpiritsAryztaSprint Nextel
IndonesiaNobel Biocare HoldingStarwood Hotels & Resorts
Bank Central AsiaRichemont AToll Brothers
Tambang Batubara Bukit AsamSonova Holding AGUltra Petroleum
IsraelSwiss Prime SiteUnion Pacific Corp
Jerusalem EconomySynthesUnited States Steel Corp
Menorah Mivtachim Holdings LtdThailandVerizon Communications
Migdal Insurance & Financial Holdings Ltd.Siam City CementViacom
Ormat IndustriesTurkeyWalgreen
ItalyArcelikYahoo
FinmeccanicaBIM Birlesik Magazalar 
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