NORTHERN TRUST Northern Trust (Nasdaq: NTRS) today announces Mamadou-Abou Sarr, global head of Environmental, Social and Governance (ESG) investing at Northern Trust, has been selected to join the Listed Equity Steering Committee and Chair the Outreach Sub-Committee for the United Nations-supported Principles for Responsible Investment (PRI). Senior fixed income portfolio manager at Northern Trust, Geeta Sharma, has joined the Fixed Income Outreach Committee.
The United Nations-supported Principles for Responsible Investment Initiative is an international network of investors working together to put six principles for responsible investment into practice. Its goal is to understand the implications of ESG for investors and support signatories to incorporate these considerations into their investment decision making.
"We have seen a marked change in ESG investment philosophy in recent years and I am excited to be working with the PRI at the forefront of this shift," said Sarr. "At Northern Trust, we believe the PRI's overarching themes of transparency, accountability and continuous improvement align with our own core values. Being part of a community that is working to establish a common language and best practices around these issues is important to us."
"There are a number of challenges that investors face in integrating ESG into investment decisions and in accessing material information from listed companies," said Justin Sloggett, implementation support manager at PRI. "Support for implementing responsible investment within listed equities has been part of the PRI since its inception and we are pleased to welcome Mamadou-Abou and Geeta whose experience and expertise in ESG investing will enable us to continue providing dedicated support to help investors implement the principles for responsible investing."
Northern Trust Asset Management has more than 25 years of experience managing socially responsible portfolios. With an increasing client base in diverse socially-screened strategies, Northern Trust offers a breadth of capabilities to build a complete portfolio solution incorporating ESG factors. It manages approximately US$62 billion in responsible investment portfolios spanning the investment spectrum for clients across the globe.
Asset Management at Northern Trust comprises Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc. and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 20 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2015, Northern Trust had assets under custody of US$6.1 trillion, and assets under management of US$960.1 billion. For 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at http://www.northerntrust.com/disclosures.
About the Principles for Responsible Investment (PRI)
The United Nations-supported Principles for Responsible Investment (PRI) Initiative is an international network of investors working together to put the six principles for responsible investment into practice. Its goal is to understand the implications of Environmental, Social and Governance issues (ESG) for investors and support signatories to incorporate these issues into their investment decision making and ownership practices. In implementing the principles, signatories contribute to the development of a more sustainable global financial system. Visit www.unpri.org.
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