In October, the IFoA became a network supporter of the UN-backed Principles for Responsible Investment (PRI) organisation. The internationally recognised group works to understand the investment implications of environmental, social and corporate governance (ESG) factors and to help its international network of over 1,750 signatories incorporate these into their investment and ownership decisions.
In October, the IFoA became a network supporter of the UN-backed Principles for Responsible Investment (PRI) organisation. The internationally recognised group works to understand the investment implications of environmental, social and corporate governance (ESG) factors and to help its international network of over 1,750 signatories incorporate these into their investment and ownership decisions.
Becoming a network supporter recognises the role that the IFoA can play in raising awareness of the importance of ESG factors through its education and continuing professional development (CPD) activities. We also cover ESG topics in our research and thought leadership activities. Becoming a network supporter raises the profile of our work in this area and makes a public commitment to continue it.
Claire Jones, chair of the IFoA's ESG Investment Working Party, said: "Actuaries are currently under-represented in the significant ESG activity across the investment industry. As we get more involved in ESG issues, we should learn from others rather than starting from scratch. At the same time, we can bring a valuable perspective that may otherwise be missing. After all, a large part of ESG discussions is about long-term risk management. This is a core part of the actuarial skillset."
Jones added a call to action for actuaries: "ESG covers a wide range of topics. It is a fast-moving and fascinating area. For most of us, it wasn't covered in detail at any stage of our education - and much has changed in the past decade or so. There is lots to learn. Get informed and get involved!"