Martin Currie achieves highest possible ESG rating from the PRI
The Principles for Responsible Investment (PRI) assess responsible investment activities across the industry each year. Their review of 2016 has been published and Martin Currie has achieved A+ ratings across the board.
20 July 2017
The PRI has awarded Martin Currie an ‘A+’ (highest performance band) for each of the three top-level categories: ‘strategy and governance’, ‘incorporation’ and ‘active ownership’. We achieved a rating increase to A+ for ‘active ownership’, in addition to maintaining our A+ ratings in the former two categories. Given our emphasis on stewardship and active ownership, this is a significant endorsement.
Our firm wide commitment to stewardship and our differentiated approach to ESG supported the top ratings in each category:
Strategy and Governance
We firmly believe in strong internal policies, goals and transparency around our ESG activities; and in promoting best practice with peers, clients and policy makers. Living the values through the management of our business is a critical aspect of this.
ESG analysis is fully embedded in our investment process, forming an integral part of the assessment of risks and opportunities, alongside traditional financial considerations. This is implemented directly by the portfolio managers, with oversight from our Head of Stewardship and ESG – an industry-leading expert.
As stewards of our clients’ capital we take active ownership very seriously and will engage with companies when we have identified material ESG issues. In 2016, we participated in 17 collaborative engagement initiatives and 187 private ones. Our collaborative engagements this year include areas such as cybersecurity, water risk and antibiotic use in the food sector.
Head of Stewardship and ESG
Achieving A+ ratings for our responsible investment strategy, integration and active ownership is a great endorsement of what we are doing and an encouraging base from which we can continue to build on our capabilities and expertise. The ratings also reflect the importance we place on stewardship, not only on the investment floor, but across the business.
The table below provides a summary of Martin Currie’s PRI ratings and demonstrates the asset manager’s commitment to continuous improvement:
A copy of the PRI Assessment is attached for your information. The PRI Transparency Report for Martin Currie and PRI Assessment Methodology are available to download from www.unpri.org.
This information is issued and approved by Martin Currie Investment Management Limited (‘MCIM’). It does not constitute investment advice. The information has been compiled with considerable care to ensure its accuracy. But no representation or warranty, express or implied, is made to its accuracy or completeness. Martin Currie has procured any research or analysis contained for its own use. Any opinions expressed are subject to change without notice.
Any distribution of this material in Australia is by Martin Currie Australia Limited (‘MCA’). Martin Currie Australia is a division of Legg Mason Asset Management Australia Limited (ABN 76 004 835 849). Legg Mason Australia Limited holds an Australian Financial Services Licence (ASFL No. AFSL240827) issued pursuant to the Corporations Act 2001.