UN PRI Reports 2019: High score for Mirabaud strategies

The Swiss fund group joins the large number of asset managers scoring an A+ in this year's results

Swiss asset manager Mirabaud has been awarded an A+ rating for its sustainable investment strategies by Principles for Responsible Investment (PRI).

The Geneva-based firm, a signatory of the PRI since 2011, announced the improvement of its PRI scoring, placing it ahead of the industry average and outperforming in each of the considered categories.

Mirabaud Group, which reported profits CHF 26.1m in the first half of this year – slightly down from CHF 29.9m in the first half of 2018 – has CHF 34bn of assets under management, while Mirabaud Asset Management had around CHF 6.6bn of AUM at the end of 2018, according to its website.

“Our PRI score, which far exceeds the reference level, is a confirmation of our expertise in the field of sustainable investing, within which Mirabaud has been active for years, with engagement being at the heart of its DNA and in the long term interest of stakeholders”, Lionel Aeschlimann, managing partner at Mirabaud and CEO of Mirabaud Asset Management said.

Hamid Amoura, head of sustainable investments at Mirabaud added: “This great score is all the more relevant since the Principles for Responsible Investment have grown increasingly important in investors’ eyes in recent years and are to be considered as an integral part of the fundamental assessment to be done on any business.”

The PRI assesses signatories based on their implementation of the six Principles for Responsible Investment which include incorporating ESG issues into investment analysis and decision-making processes, seeking appropriate disclosure on ESG issues from investees, and incorporating EGG factors into ownership policies and practices.

Click here to read ESG Clarity’s list of UN PRI top scorers in 2019