Singapore
Our third annual ESG survey of general partners showed progress in several key areas, pointing to growing momentum and a forward-looking recognition that D&I initiatives are critical to remain competitive. There’s more work to be done, but positive change is afoot.
1 As of 28 January 2022. Includes primary partnership fund general partners of all active funds/accounts managed by PineBridge Private Funds Group.
Ninety-five percent of respondents reported having an established ESG approach, inching up from 94% last year.
Respondents are increasingly adopting local and international ESG standards, with 66% committed to the UN Principles for Responsible Investment (PRI) (versus 49% in 2021), 12% committed to the Sustainability Accounting Standards Board (SASB) (up from 7% in 2021), and 10% signing on to the UN Global Compact (versus 3% in 2021). Thirty-six percent of respondents have committed to more than one international standard.
Has your firm committed to any international standards, industry guidelines, regulatory frameworks, or other initiatives that promote responsible investment practices? Select all that apply.
93% of respondents reported taking formal actions to support hiring a diverse pool of talent (up from 81% in 2021), including establishing interview or recruitment targets (46%) and making sure recruiters adhere to the organization’s diversity goals, including by linking these goals to appraisals (56%).
While inroads have been made in gender representation, with 81% of respondents reporting that women make up at least 26% of employees at their firm, the portion of women on investments teams remains low.
D&I efforts improved in most regions since last year’s survey.
One hundred percent of North American and Latin American managers surveyed have established a code of conduct/code of ethics and related policies that cover harassment, discrimination, and workplace retaliation (versus 81% in Europe and 86% in Asia).
We saw significant improvement globally on actions to support equity and advancement of women and other employees from traditionally underrepresented groups. One hundred percent of respondents in Latin America, 86% in Asia, and 80% in North America reported taking such actions, all up from last year’s survey.
What steps has your organization taken to support equity and advancement of women and other employees from traditionally underrepresented groups? Select all that apply.
Lastly, through our partnership with the non-profit organization Tree-Nation, PineBridge committed to plant US$25 worth of trees for each survey completed, resulting in a total donation of US$1,475 to Tree-Nation’s Camino Verde, Peru, Eden, Madagascar, and Trees for Tigers, India projects and the planting of 2,735 new trees – for a CO2 offset of 294,130 tonnes. This effort aligns with our climate goals and actions as a firm, which include joining the Net Zero Asset Managers Initiative, working with the Institutional Investors Group on Climate Change (IIGCC), and signing on to the United Nations Global Compact.
This information is for educational purposes only and is not intended to serve as investment advice. This is not an offer to sell or solicitation of an offer to purchase any investment product or security. Any opinions provided should not be relied upon for investment decisions. Any opinions, projections, forecasts and forward-looking statements are speculative in nature; valid only as of the date hereof and are subject to change. PineBridge Investments is not soliciting or recommending any action based on this information.