ETF provider Tabula Investment Management has become a signatory to the UN’s Principles for responsible Investment (PRI) and established a Corporate Responsibility Committee as its steps up its commitment to sustainable investing
Senior staff including the CEO Michael John Lytle, the CFO and CIO are all part of the new committee and have completed training on responsible investing.
In addition, employees at the firm have participated in an internal survey to help shape the direction of future company initiatives regarding sustainable investing.
CEO John Lytle said: “As an organisation, we are proud to be a signatory to the Principles for Responsible Investment. We don’t see this step as a choice but as a necessity and responsibility.
“Financial investors have an important role to play in influencing the way we manage our planet, from climate change to how we function as an interdependent society. As our business continues to grow, we want to ensure that sustainability and good governance are embedded in everything we do: how we manage investments, how we run our company and how we interact with the community.”
The six principles Tabula has signed up to under PRI set of investment principles that offer a menu of possible actions for incorporating environmental, social and corporate governance (ESG) issues into investment practice. They were developed by a institutional investors across the world reflecting the increasing relevance of ESG issues to investment practices.
PRI CEO Fiona Reynolds commented: “By joining the PRI, Tabula has demonstrated that all financial instruments, including passive ones, can have an element of stewardship and responsible investment attached to them.
“We are delighted that they have taken this step and look forward to working with them.”