Concert Infrastructure deepens commitment to environmental, social and governance factors in its investment decision-making
Vancouver, BC - Concert Infrastructure is proud to announce that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI). 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.
PRI CEO Fiona Reynolds commented, “We are very pleased to welcome Concert Infrastructure as a signatory to the PRI. In joining PRI, the organisation agrees to consider ESG factors in its investment and ownership decisions. We look forward to working with the Concert Infrastructure team.”
This announcement builds on Concert Infrastructure’s strong track record of delivering community focused infrastructure investment that strengthens the social and economic fabric of Canadian communities. In 2019, Concert Properties released a detailed Sustainability Framework outlining the Company’s specific commitments and approach to our 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. Concert Infrastructure is committed to upholding these principles, and now also the six Principles for Responsible Investment:
- Incorporate ESG issues into investment analysis and decision-making processes.
- Be active owners and incorporate ESG issues into our ownership policies and practices.
- Seek appropriate disclosure on ESG issues by the entities in which we invest.
- Promote acceptance and implementation of the Principles within the investment industry.
- Work together to enhance our effectiveness in implementing the Principles.
- Report on our activities and progress towards implementing the Principles.
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.
About Concert Infrastructure
Concert Infrastructure, an independent long-term investor, developer and manager, was established to partner with governments to deliver critical public infrastructure assets that support essential public services that strengthen the economic and social fabric of Canadian communities and the well-being of Canadians.
Concert Infrastructure is affiliated with Concert Properties, a diversified Canadian real estate corporation wholly-owned by union and management pension plans representing over 200,000 Canadians. Today, the Concert portfolio includes rentals, condominiums, seniors' active aging communities, industrial and commercial properties, and public infrastructure projects across Canada. Concert believes strong, sustainable communities are fundamental to the social well-being of all Canadians. Putting people first is at the heart of the Concert story.
See www.ConcertInfrastructure.com for more information.
About the Principles for Responsible Investment
The PRI works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to more than 4,500 signatories, managing over US $121 trillion AUM.
Derron Bain, Managing Director
DBain@ConcertInfrastructure.com | 647.789.2066
On behalf of Concert Infrastructure
Krystal Carter, Beattie Tartan
Krystal.Carter@beattiegroup.com Cell: 647-271-2274