Conning Joins UN Initiative Promoting Principles for Responsible Investment
HARTFORD, CT, June 20, 2012 – Conning, Inc., a leading global provider of asset management services, risk and capital management solutions and research to the insurance industry, today announced that it has signed on to the United Nations Principles for Responsible Investment (UNPRI), a globally recognized United Nations-backed initiative to promote responsible investment.
The UNPRI was established in 2005 by 20 of the world’s largest institutional investors. There are currently more than 1,000 institutional investors, investment managers and professional service partners who have signed on to this agreement. This network of international investors works together to put the six Principles for Responsible Investment into practice. The Principles are based on the belief that environmental, social and corporate governance (ESG) issues can positively affect the performance of investment portfolios and therefore must always be taken into consideration as part of any investment decision. This signing exhibits Conning’s continued commitment to the principle of sustainable investment.
“Conning is proud to be part of the United Nations Principles for Responsible Investment Initiative, as this further solidifies our commitment to principles that we believe in and have practiced for many years,” said Woody E. Bradford, President and Chief Executive Officer of Conning. “Given our global presence, we feel it is necessary to more formally support the implementation of responsible investment principles throughout the world.”
The Principles provide a voluntary framework by which all investors can incorporate ESG issues into their decision-making and ownership practices, so as to better align their objectives with the values of society at large.
Conning (www.conning.com) is a leading asset manager for the insurance industry, with almost $88 billion in assets under management as of March 31, 2012 through its global investment centers and Goodwin Capital Advisers subsidiary. For more than 25 years, Conning has built its asset management business to meet the investment and financial needs of insurers. The Company’s unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through customized business and investment strategies. Founded in 1912, Conning is headquartered in Hartford, Connecticut, with additional offices in New York, London, Dublin, Cologne and Hong Kong.