US-based asset manager Westwood Holdings has become the latest signatory to the UN Principles for Responsible Investment.
The fund firm, which manages $21.6 billion in assets, including $3.4 billion in values-based and socially responsible investment mandates, announced it had signed up to the association in a statement on Wednesday.
Brian Casey, chief executive officer of Westwood, said the company was keen to underscore its commitment to incorporating an environmental, social and governance approach to investing.
He said: “Sustainability is a core value for Westwood and is linked to our fundamental approach to identifying high-quality companies and sound businesses around the globe.
“Westwood is formalising the way we articulate our active investment approach to ESG, which has always been an input into our investment analysis process.”
The Texas-based investment group said its core corporate values “have long been focussed” on transparency, corporate governance, life principles, ethical conduct and giving back to local communities.
It added that diversity continues to play an important part of the corporate culture and identity, with more than 50 per cent of its employees are female, with many in senior-level positions.
Having signed up to the UN PRI code, the company said that it supports the PRI and recognises the importance of considering ESG issues “across high-conviction equity and outcome-oriented investment solutions”.