Martin Currie achieves highest PRI score for ESG Strategy & Governance, Listed Equity Incorporation, and Active Ownership
Martin Currie, an active equity specialist with USD13.8 billion in assets under management, has received an A+ from the Principles for Responsible Investment Association (PRI) for its overarching approach to ESG for the fourth year in a row.
The annual Assessment Report from the PRI provides asset owners with a report that details year-on-year progress on scoring bands of responsible investing priorities and ESG engagement.
Martin Currie achieved the highest rating (A+) in all three categories of Strategy & Governance, Listed Equity Incorporation and Active Ownership, as well as the underlying elements of each category. The scores are above the median scores for the industry, which are A for Strategy & Governance and listed equity incorporation and B for Active Ownership.
Martin Currie received the full amount of stars for activities such as listed equity screening, proxy voting and individual engagements with companies.
Julian Ide, CEO of Martin Currie, says: “We are delighted to have once again received the highest possible rating from the PRI across all categories. This rating is continued acknowledgement of Martin Currie’s market-leading credentials in the areas of stewardship, ESG and sustainable investing and follows on from other recent industry accolades, such as the International Corporate Governance Network (ICGN) Stewardship Disclosure Award at the end of last year.”
David Sheasby, Head of Stewardship and ESG at Martin Currie, says: “Whilst we made significant advancement in our ESG capabilities last year with the development of a proprietary rating system and an increased focus on scenario analysis, we are constantly looking at new ways to improve such as analysing Carbon Value-at-Risk (CVaR) through a proprietary carbon sensitivity model and a project to map company analysis against the UN Sustainable Development Goals (SDGs).
“At Martin Currie, stewardship is at the heart of our client proposition. Understanding our clients’ needs and priorities and aligning these, through active ownership, with the companies that can create long-term, sustainable value.”
Martin Currie has been a signatory to the PRI since 2009.