Merrill Lynch and U.S. Trust Sign the United Nations Principles for Responsible Investment
Tuesday, November 25, 2014
Bank of America’s Global Wealth and Investment Management (GWIM) division today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI) on behalf of its discretionary asset management businesses. The unit (GWIM) is comprised primarily of Merrill Lynch Wealth Management and U.S. Trust.
The PRI initiative is recognized as the leading global network for investors and financial industry participants who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies.
“We are seeing increasing demand from our clients to ensure that their investments express their personal values and have a positive impact on society,” said Andy Sieg, head of Global Wealth and Retirement Solutions for Bank of America Merrill Lynch. “To meet that demand, we are committed to offering broad access to innovative financial solutions related to responsible investment. The PRI initiative represents another important step in this direction and in the evolution of our ESG and impact investment platform.”
The PRI’s network of international signatories work together to implement a set of voluntary and aspirational principles that provide a framework for integrating ESG factors into investment analysis and ownership practices. These factors are aligned with investors’ goals and values and tailored to each organization’s investment strategy, approach and resources.
Source: Market Watch (link opens in a new window)
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