Scotia Global Asset Management has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI), Toronto-based Bank of Nova Scotia announced Thursday.
The PRI is the world’s leading proponent of responsible investment, according to its website. It supports a global network of asset owners, investment managers and service providers to incorporate environmental, social and corporate governance (ESG) factors into their investment and ownership decisions.
“Preserving and growing our clients’ wealth is a responsibility we take very seriously, which is why we take all long-term factors into account when making investment decisions. We are pleased to formalize the commitment we have long held to environmental, social and governance issues. Joining a movement of other organizations committed to responsible investment is a natural evolution for us,” Glen Gowland, Scotiabank’s executive vice president of global wealth management, says in a statement.
Recently acquired firms Jarislowsky Fraser Ltd. and MD Financial Management are also signatories of the PRI.
Last month, Scotiabank was named to the Dow Jones Sustainability Index North America for its progress in integrating ESG issues into the business, the bank says.