Mellon Capital Management, a multi-asset manager for BNY Mellon, has become a signatory to the Principles for Responsible Investment (PRI) backed by the United Nations (UN), committing to the inclusion of environmental, social and governance (ESG) issues into its investment processes.

The amount Mellon Capital manages in socially responsible investing and ESG mandates on behalf of its clients amounts to US$30.4 billion (C$31.42 billion).

The principles are designed to focus on long-term outcomes instead of short-term gains for business, with the intention of improving the balance between society’s present needs and the shrinking natural resources that will support future generations.

“Understanding and anticipating risks is essential to making prudent investment decisions,” says Gabriela Parcella, CEO of Mellon Capital. “We believe considering ESG issues enhances our ability to generate attractive risk-adjusted returns for our clients.”

With Mellon Capital, there are now six BNY Mellon investment boutiques that have become signatories to the UN-backed PRI, says Mitchell E. Harris, president of BNY Mellon Investment Management.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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