Swiss insurance group Helvetia has signed the United Nations-supported Principles for Responsible Investment (PRI), thereby affirming its responsibility to actively promote environmental, social and governance (ESG) issues and incorporate them into the investment process. Since 2017, the group has been using ESG screening to analyse almost 90 percent of its financial assets for non-sustainable investments.
Signing up out of conviction
The PRI reflect Helvetia’s fundamental values and are consistent with the practice of using sustainability criteria in investment management in order to generate sustainable returns and for comprehensive risk management. André Keller, Chief Investment Officer of Helvetia, says: “Our signing of the PRI underscores our conviction that we as an investor have a social responsibility and fiduciary duty. The principles reflect our practice of implementing responsible investment in line with global guidelines – tailored to our business model and portfolio”.
Incorporating sustainability into investment decisions is key to financial market stability and performance. As a long-term investor, Helvetia is at the top of the investment chain, sending a clear signal to entities, organizations and countries. Fiona Reynolds, CEO of the PRI, is delighted about the collaboration: “We are very pleased to be able to welcome Helvetia as a signatory to the PRI. By becoming a signatory, Helvetia is acknowledging how important it is to incorporate environmental, social and governance factors into its investment strategies.”
This media release is also available on our website www.helvetia.com/media