Independent Governance Group (IGG) has launched its sustainability charter.
The Charter, created by Tegs Harding, head of sustainability at IGG, defines IGG’s efforts to address the risks to investments posed by climate change and biodiversity loss.
It emphasises partnership with clients and industry colleagues heavily to improve sustainability and responsible investing and protect the long-term member interests. The Charter makes urges industry-wide cooperation on ethical investing practices.
The firm promises to take into account the risks associated with inequality, biodiversity loss, and climate change in long-term investments, preserving the value of the membership benefits. It pledges to be open and transparent in its sustainability and investing practises, and by using its position as a leader in the sector, it hopes to inspire significant change on a broad scale.
Harding says: “We have a clear responsibility to our members to make sure sustainability sits at the heart of our approach to trusteeship. That is why “Creating Impact” is one of our core values. As asset owners with significant amounts of capital, we play a pivotal role in the financial system and are in a privileged position to influence and drive real-world change.
“We do not take this role lightly and are committed to continue doing more with our advisers and asset managers to act in the best long-term interests of members, society and the environment.”
“In order to meet the UN’s goals for tackling the climate crisis, we must all think about the role we play in climate change and biodiversity loss, and what we can do, as businesses and as individuals, to create tangible impacts. As members of the investment community, we are not only in the position to make change but we have a duty to do so.”
“Today’s charter demonstrates the commitments IGG has made and represents a call to action for the industry to drive further progress together.”
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