LionGuard Capital Management Inc. has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI), the Montreal-based company announced Thursday.
The PRI is “recognized as the leading global network of asset owners, investment managers and service providers who are committed to incorporate environmental, social and governance (ESG) considerations into their investment practices and ownership policies,” LionGuard says in a news release.
“At LionGuard, we are very glad to incorporate forward thinking PRI Principles into our investment management operations and into our everyday business practices,” Andrey Omelchak, president and chief investment officer, says in a statement. “There is a large body of empirical evidence that indicates that ESG considerations positively contribute to long-term investment operations. It is also our duty as an organization to constantly reflect on how we can best align our activities with the broader interests of society at large.”
“We are very pleased to welcome LionGuard to the PRI and commend their commitment to sustainable investment practices. We look forward to working with them in the coming months,” PRI CEO Fiona Reynolds says in a statement.