Global Sustain becomes a signatory to the United Nations-supported Principles for Responsible Investment (PRI) Initiative, underlining its commitment to incorporate environmental, social and governance (ESG) issues into its professional services portfolio. Global Sustain is the first corporate signatory to the PRI, headquartered in Greece.
In implementing the six Principles, signatories contribute to the development of a more sustainable global financial system. The Principles are voluntary and aspirational and they offer a menu of possible actions for incorporating ESG issues into investment practices across asset classes.
The PRI Initiative also became a member of Global Sustain with the aim to utilise the latter’s comprehensive communication and networking services. Through Global Sustain membership, the PRI finds a platform and an extensive network to raise awareness of responsible investing and bridge the communication gap between investors and corporate non-financial reporting on ESG issues.
“Global Sustain, with this collaboration will provide further assistance to its members to link ESG issues with corporate performance and valuation. We already use the PRI’s ESG Value Driver Model to prepare our members to become investment-ready when meeting with responsible investors and dealing with ESG issues. Our members and clients see the potential to assess quality of company management, control risks and create value through responsible investing and how ESG factors affect financial performance”, said Michael Spanos, Managing Partner of Global Sustain.
“Responsible investment is on the rise and investors’ demand for corporate ESG disclosure is strong. We are happy to welcome Global Sustain as the first corporate signatory from Greece and we hope to inspire more corporations to disclose ESG issues”, said Fiona Reynolds, Managing Director of PRI.