East Capital signs UNPRI
Sweden headquartered East Capital has signed the UN Principles for Responsible Investment (UNPRI), which now accounts for some $30trn in assets under management worldwide.
The manager says the principles chime with its own approach to activism, which includes a focus on corporate governance as a factor that can improve returns.
Peter Elam Håkansson, chairman of East Capital said: “As an asset manager we have a responsibility to our clients to understand how environmental, social and governance (ESG) factors may be relevant and material to our investments. Becoming a PRI signatory is an important next step in our work to integrate the ESG perspective in our investment process. We look forward to co-operating with the PRI network around these issues.”
East Capital manages some €3.5bn in listed equity, private equity and property.