Development Bank of Wales Backs Responsible Investment

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by KnowESG
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Development Bank of Wales becomes part of the world's biggest voluntary sustainability programme for corporations.

The Development Bank of Wales has become a signatory to the UN-supported Principles for Responsible Investment (PRI), a voluntary corporate sustainability initiative with 7,000 signatories in 135 countries.

PRI is a global network of investors committed to integrating ESG considerations into their policies and practices, and its signatories include institutional investors such as pension funds, insurance providers, sovereign wealth funds, and endowment funds.

The Development Bank of Wales' commitment to integrating ESG factors into its investment, analysis and decision-making processes is in line with the principles set by PRI. This includes promoting acceptance and implementation of the principles, seeking appropriate disclosures, and reporting on progress.

Giles Thorley, Chief Executive, said: “Responsible investment has always been at the heart of our business model, and we are pleased that this is now becoming mainstream. Consumers are actively basing their buying decisions on the sustainability, ethics, and environmental impact of the products and services that they buy.

“In common with other progressive investment institutions throughout the world, we believe that businesses will be most successful when taking a holistic view of their social and environmental impacts and governance arrangements. As a place-based impact investor delivering debt and equity funding with a social purpose, PRI gives us a blueprint for responsible investment that builds a bridge between financial risk and real-world outcomes. It’ll help us leverage the value of our investments for the benefit of the people, communities, and businesses we support. Ultimately, we’re all working towards a low carbon economy that underpins a stronger, fairer, and greener Wales.”

The voluntary Principles for Responsible Investments (PRI) aim to promote sustainable investing and support companies in integrating ESG issues into their decision-making and ownership practices. More information is available at https://www.unpri.org.

To view and compare company ESG Ratings and Sustainability Reports across sectors, follow our Company ESG Profiles page.

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Source: Development Bank of Wales

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