Mellon Capital Management, a multi-asset manager for BNY Mellon, has become a signatory to the United Nations-Backed Principles for Responsible Investment (UN PRI), emphasizing its dedication to incorporating environmental, social and governance (ESG) issues into its investment program.
Mellon Capital manages $30.4 billion in socially responsible investing (SRI) and ESG mandates on behalf of its clients.
“Our clients and colleagues are interested in how ESG issues impact our world and the economy,” said Gabriela Parcella, chief executive officer of Mellon Capital in a statement. “Becoming a signatory to UN PRI signals our commitment to remain focused on these long-term risks.”
The Principles for Responsible Investment were created to center on long-term outcomes instead of short-term gains for business. The intention of PRI is to improve the balance between society’s current needs and the decreasing natural resources that future generations will require.
“Understanding and anticipating risks is essential to making prudent investment decisions,” Parcella added in the same statement. “We believe considering ESG issues enhances our ability to generate attractive risk-adjusted returns for our clients.”
“Including Mellon Capital, there are now six BNY Mellon investment boutiques which have become UN PRI signatories,” said Mitchell E. Harris, president of BNY Mellon Investment Management. “ESG factors may influence long-term returns. They no longer are a niche studied only by sustainable investment specialists.”