THREE United Overseas Bank fund management subsidiaries have signed on to United Nations-backed guidelines for responsible investing, the mainboard-listed lender said in a statement on Sunday.
UOB Asset Management, UOB Venture Management and UOB Global Capital committed on Jan 2 to the Principles for Responsible Investment , a set of voluntary pledges to take environmental, social and corporate governance issues into account when investing. UOB is billing itself as the first Singapore bank with investment subsidiaries that have signed on to the global principles, which were launched in April 2006.Market voices on:
Singapore has 29 signatories to the PRI, not counting UOB Global Capital, which is registered in the United States. The most recent addition to the list is Lion Global Investors, a subsidiary of OCBC Bank's Great Eastern Holdings investment arm, which signed on Jan 3.
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