SURA Asset Management, our subsidiary expert in pension fund management, savings, investment and asset management, announced within the framework of the PRI (Principles for Responsible Investment) Regional Event that was held in Mexico City, its decision to be a signatory of the Principles of Responsible Investment, together with two of its business units: administration of pension funds and asset management for institutional clients (Investment Management).
The PRI is a global initiative that promotes the incorporation of environmental, social and corporate governance factors in the evaluation and investment decision-making processes. It is led by actors from the financial industry, in association with the United Nations, currently consists of more than 2,600 signatories between investors and asset managers who have assets under their administration for about 85 trillion dollars.
In this regard, Ignacio Calle, CEO of SURA Asset Management commented: “We participate in this initiative in the framework of our commitment to responsible investment, which proposes to assume in a comprehensive and comprehensive manner, and beyond the exclusively financial components, the required analysis to make investment decisions, especially when these are an essential part of our business mission. ”
For the business unit dedicated to the administration of pension funds, this membership will be made as of December 2019, and includes the companies AFORE SURA in Mexico, AFP Integra in Peru and AFP Capital in Chile.
On the other hand, and beginning its signatory process since November 2019, there is the SURA Investment Management business unit, which specializes in the investment industry for the institutional segment. SURA Asset Management and the investment teams of its business units are one of the main actors in the financial and investment industry in Latin America, they have a robust process and high standards in the incorporation of ESG aspects.
On the accession of SURA Asset Management and its business units, Fiona Reynolds, CEO of the PRI, commented: “We are proud to welcome SURA to the PRI. Their commitment to use the PRI framework is good news and a clear demonstration that ESG issues are here to stay in Latin America. By publicly accepting to adhere to the Principles of Responsible Investment, SURA is demonstrating its commitment to invest in solutions to the global challenges of today and the future. ”
SURA Asset Management is one of the most relevant actors in the investment industry in Latin America. At the end of the third quarter of 2019, it manages resources for USD 141.2 billion belonging to its more than 20.6 million customers in Mexico, Chile, Peru, Colombia, Uruguay and El Salvador. Through his role as asset manager, he generates development in the region by promoting large projects in the countries, as well as being a capital market dynamizer with the impact that this implies in the development of the economy.