BT Financial Group is the sixth Australian investment manager to sign the United Nations Principles of Responsible Investment (PRI).
With $40 billion in funds under management, BT is the biggest of the Australian funds managers to sign up to the UN agreement with fellow signatories all boutique players.
Managers already signed up to the PRI agreement are boutique funds Portfolio Partners, Australian Ethical Investment, Drapac Investment, Indian Ocean Rim Asset Management and community based finance institution Foresters ANA Mutual Society
To date, 10 Australian superannuation funds have signed up to the PRI with Statewide Superannuation Trust and Care Super, the most recent signatories.
"Signing the UN PRI is another advance in our commitment to sustainable business practices and to engage and lead the Australian investment management industry in environment, social and corporate governance issue awareness and actions," BT chief investment officer," Dirk Morris said.
BT Financial Group is also a signatory to the Carbon Disclosure Project and representative on the ASX Corporate Governance Council Implementation Review Group.
