VANCOUVER—Concert Infrastructure has joined the United Nations-supported Principles for Responsible Investment (PRI) as a signatory company.
Established in partnership with the United Nations Environmental Programme (UNEP) Finance Initiative and UN Global Compact, the PRI is a global community of investment managers, asset owners and service providers working together to demonstrate their commitment to responsible investment.
The principles aim to provide a framework for incorporating environmental, social and governance (ESG) factors in investment decision-making and active ownership practices.
“We are very pleased to welcome Concert Infrastructure as a signatory to the PRI,” said PRI CEO Fiona Reynolds in a press release. “In joining PRI, the organization agrees to consider ESG factors in its investment and ownership decisions. We look forward to working with the Concert Infrastructure team.”
According to Concert Infrastructure, the move is one of many it has made to strengthen the social and economic fabric of Canadian communities.
In 2019, Concert Properties released a detailed Sustainability Framework outlining the company’s specific commitments and thinking around business decisions. The framework is structured around 15 principles and contains over 40 action items, each with an evaluation metric to report on the company’s progress.
“Becoming a signatory to PRI further demonstrates Concert Infrastructure’s commitment to continue to develop sustainable practices and investing guidelines across all its projects and to building a people-first future,” said the company.