Pramerica signs UN-backed Principles for Responsible Investment

Pramerica Real Estate Investors has signed the United Nations-backed Principles for Responsible Investment. 'We are proud to sign on to the Principles for Responsible Investment, which more closely aligns us with our clients' financial and social objectives,' said Pramerica CEO Allen Smith.

'Investors increasingly want managers to meet standards beyond financial performance, to include strategies that take into account climate change, sound social investment practices, and transparent governance. These principles give us a framework with which to consider these vital issues.'

Pramerica joins a growing list of investment managers, asset owners and professional service partners who have signed onto the principles, which help investors integrate consideration of environmental, social and governance issues into investment decision-making and management practices.