Toronto-based CI Investments Inc. announced on Wednesday that it has become a signatory to the United Nations-supported Principles for Responsible Investing (UNPRI).
“The UNPRI are consistent with our existing investment approaches and this step demonstrates the formalization of our commitment to responsible investing,” says Neal Kerr, president of CI Institutional Asset Management and executive vice president of investment management at CI Investments, in a statement.
Companies that are signatories to the UNPRI make up a global network for investors that commit to integrating environmental, social and corporate governance considerations into their investment practices and ownership policies. This network of investment managers has a combined total of more than US$60 trillion in assets under administration (AUA).
CI’s in-house portfolio management teams, which include Signature Global Asset Management, Cambridge Global Asset Management, Harbour Advisors, and CI Multi-Asset Management, will be implementing the principles. The four teams have more than $80 billion in AUA.