Membership of the network will give the mutual insurer a further platform from which to influence public policy as part of a collective voice in this area. It will also provide access to the latest trends and developments in engagement and advocacy to further inform Royal London’s approach.
The move follows Royal London’s decision to sign up to the UN’s Principles for Responsible Investment earlier this year. As an asset owner the insurer has pledged to generate good returns while also making a positive contribution to society and the environment.
The ICGN is a global investor-led organisation aimed at promoting investor stewardship and long term benefits of good corporate governance. Members are drawn from over 50 markets with assets under management in excess of $54trn. They are made up of asset owners such as pension funds and insurance companies as well as asset managers. Members of the network must sign up to seven core stewardship principles (see notes to editors).
Commenting on the move Lorna Blyth, head of investment solutions at Royal London, said: “Signing up to the ICGN will enable us to collaborate with other asset owners to positively influence issues around investor stewardships and promote high standards of corporate governance. It is an ideal next step in our responsible investment journey.”
Kerrie Waring, chief executive officer at ICGN added:
“ICGN is delighted to welcome Royal London to our global network of governance professionals. This exemplifies a strong commitment to good governance and investor stewardship as a pre-requisite for protecting and enhancing long-term value on behalf of Royal London clients and beneficiaries.”
|
