TD Asset Management Inc. (TDAM) reports it has become a signatory to the United Nations Principles for Responsible Investment.

A signatory to the principles makes three commitments about integrating environmental, social and corporate governance factors into its investment analysis, and three commitments about encouraging the success of the principles, all in a way that is consistent with the signatory’s legal obligations to its clients.

“We have a long history of promoting good governance of the companies in which we invest,” says Barbara Palk, president, TDAM. “We look forward to learning from the experiences of signatories from other countries who have developed sound approaches to integrating environmental and social factors into their investment analysis. Learning from their experience can help us achieve better risk-adjusted returns for our clients in a manner that is consistent with their investment objectives and our fiduciary obligations.”

TDAM says becoming a signatory to the principles builds on the asset manager’s earlier decision to sign on to the Carbon Disclosure Project, and is consistent with the TD Bank Financial Group’s Environmental Policy.

“The decision by TD Asset Management to sign on to the Principles fits well with our commitment to the environment,” adds Mike Pedersen, group head corporate operations, TD Bank Financial Group. “TD is a signatory to a number of leading environmental initiatives worldwide, including the Equator Principles and the U.N. Environmental Program Finance Initiative. TD is also committed to the environment at the local level through our TD Friends of the Environment Foundation, which has given $45 million to fund 17,000 grassroots environment projects since its inception 18 years ago.”