AmFunds Management Berhad and AmIslamic Funds Management Sdn Bhd are signatories to the Principles for Responsible Investment
Friday, 14 April 2023 - AmFunds Management Berhad (“AFM”) and AmIslamic Funds Management Sdn Bhd (“AIFM”) are now signatories to the United Nations (“UN”) supported Principles for Responsible Investment (“PRI”). This move demonstrates AFM and AIFM’s commitment to responsible investment and their aspiration to be part of a global community that is driving the creation of a more sustainable and resilient future for generations to come.
The UN-supported PRI is a leading global network with more than 5,000 signatories worldwide comprising asset owners, investment managers and service providers, who are committed to integrating environmental, social and governance (“ESG”) considerations into their investment practices and policies.
As signatories, AFM and AIFM reinforce their commitment towards sustainable investment by incorporating into their business philosophy the following six investment principles outlined by the UN-supported PRI:
- Principle 1: To incorporate ESG issues into investment analysis and decision-making processes.
- Principle 2: To be active owners and incorporate ESG issues into our ownership policies and practices.
- Principle 3: To seek appropriate disclosure on ESG issues by the entities in which we invest.
- Principle 4: To promote acceptance and implementation of the principles within the investment industry.
- Principle 5: To work together to enhance our effectiveness in implementing the principles.
- Principle 6: To report on our activities and progress towards implementing the principles.
Commenting on this milestone, Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer of AmBank Group said, “We are excited to be signatories to the UN-supported PRI, as this inclusion is an extension of our commitment towards sustainable investment to create the best value for our stakeholders. This is also in line with AmBank Group’s sustainability efforts to inculcate responsible and inclusive practices as part of our fiduciary duties and in our delivery of sustainable financial products and services, for the greater good of our people and the planet. With this broad agenda in mind, our dedicated team members will not rest on their laurels and will continue to put sustainability into action in everything they do”.
“We are the largest wholly Malaysian-owned investment manager to be a PRI signatory. To date, we have introduced five Sustainability Series funds, namely, Positive Change Fund, Climate Tech Fund, Nutrition Fund, Health Fund, and Sustainable Outcomes Global Equity Fund. In addition, we have reintroduced AmBon Islam Fund as a Socially Responsible Investment (SRI) Fund, and relaunched AmIslamic Global SRI with Securities Commission Malaysia’s SRI certification. We are also reengineering our existing funds to incorporate sustainability principles,” said Ms Goh Wee Peng, Chief Executive Officer of AmFunds Management Berhad.
“We are delighted to welcome AFM and AIFM as signatories to the PRI,” commented Mr David Atkin, Chief Executive Officer of the PRI. “By integrating ESG factors into their investment decision making, responsible investors are serving the best interests of their clients. We look forward to working alongside AFM and AIFM as valued signatories on these important issues in the future”.
To promote effective stewardship towards the delivery of sustainable long-term value to investors, the multi award-winning AFM and AIFM are also signatories to the Malaysian Code for Institutional Investors since April 2021.
For more information on AmInvest, please visit aminvest.com.