Victory Capital Becomes Signatory to United Nations-Supported Principles for Responsible Investment
14 Juli 2020 - 1:30PM
Business Wire
Broadens commitment to responsible investing to
enterprise level
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) announced today that it has become a signatory to
the United Nations-supported Principles for Responsible Investment
(PRI).
The PRI is the world's leading proponent of responsible
investment, bringing together a global network of institutional
investors committed to integrating environmental, social and
governance (“ESG”) factors into their investment practices,
analysis and decision-making processes.
“Each of our investment franchises follows an approach to
integrating ESG considerations that best suits its autonomous
investment process or the objectives of its clients,” said David
Brown, CEO of Victory Capital. “Becoming a PRI signatory at the
enterprise level broadens our commitment to responsible investing
and enhances our ability to serve client needs while supporting the
important mission and Principles of PRI.”
Earlier in 2020, Victory Capital hired David Alt, CFA, as
Director of Responsible Investing. Mr. Alt is establishing a robust
framework for evaluating and monitoring ESG considerations across
Victory Capital’s investment franchises. Also, as chair of the
Company’s proxy voting committee, Alt is coordinating how the firm
votes on various shareholder resolutions and is engaging with
management teams on ESG-related issues.
Victory Capital views integrating material ESG considerations
alongside long-standing, disciplined investment processes as
compatible with the fiduciary duty of active managers as they
pursue returns or risk mitigation.
“We are pleased to welcome Victory Capital to the PRI as they
further enhance their commitment to The Principles for Responsible
Investment,” said Fiona Reynolds, Chief Executive Officer of
PRI.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $129.1 billion in assets under management as of June 30, 2020.
The Company operates a next-generation business model combining
boutique investment qualities with the benefits of a fully
integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With nine autonomous Investment Franchises and a
Solutions Platform, Victory Capital offers a wide array of
investment styles and investment vehicles including, actively
managed mutual funds, separately managed accounts, rules-based and
active ETFs, multi-asset class strategies, custom-designed
solutions and a 529 College Savings Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn.
About the PRI
The PRI is the world’s leading proponent of responsible
investment. It works to understand the investment implications of
ESG factors and to support its international network of investor
signatories in incorporating these factors into their investment
and ownership decisions. The PRI acts in the long-term interests of
its signatories, of the financial markets and economies in which
they operate, and ultimately of the environment and society as a
whole. Visit the PRI website for more details: www.unpri.org.
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version on businesswire.com: https://www.businesswire.com/news/home/20200714005191/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com Media:
Tricia Ross 310-622-8226 tross@finprofiles.com
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