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Our Approach

Individual research analysts and portfolio managers are responsible for implementing ESG integration in their portfolios and investment research. We believe this bottom-up approach encourages strategy-specific innovation while allowing each portfolio management team to learn from best practices across the investment platform. Our ESG Investing team accelerates this process with top-down expertise and support.
Avoid, Assess, Amplify and Aim for Impact
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Jonathan Bailey, Head of ESG Investing at Neuberger Berman, provides an overview of our ESG legacy and ongoing commitment across our investment platform.

Neuberger Berman’s Environmental, Social and Governance Integration Framework

Our ESG-integrated strategies select an approach from our ESG Integration Framework of Avoid, Assess, Amplify or Aim for Impact, depending on various factors such as the objectives of the strategy, asset class and investment time horizon.

Excludes particular companies or whole sectors from the investable universe
Considers one or more ESG factors alongside traditional factors in investment decisions.
Aim for Impact
Seeks to achieve measurable positive social and environmental outcomes
for people and the planet alongside a market-rate financial return
Seeks to identify high quality, well-positioned issuers with leadership on relevant ESG factors
Neuberger Berman’s PRI Assessment Scores

In our 2021 PRI Assessment, we obtained the highest possible scoring1 across all categories for our approach to ESG for the third year in a row.

In the current reporting cycle, the PRI adopted a new, more stringent assessment methodology. Neuberger Berman earned 5 Stars across every asset category in which it reported and rated above the median in every category. In addition to scoring the best possible ranking across all asset classes, the firm also obtained the highest possible score in PRI’s new private debt category and its overarching Investment & Stewardship Policy category.

Median of All Reporting Signatories
Investment & Stewardship Policy 3 Stars
Listed Equity – Active Quantitative – Incorporation 3 Stars
Listed Equity – Active Fundamental – Incorporation 4 Stars
Listed Equity – Voting 3 Stars
Fixed Income – SSA 3 Stars
Fixed Income – Corporate 3 Stars
Fixed Income – Securitized 3 Stars
Fixed Income - Private Debt 4 Stars
Private Equity 3 Stars

See Neuberger Berman's Historical PRI Assessment Scores

1For illustrative and discussion purposes only. PRI grades are based on information reported directly by PRI signatories, of which investment managers totaled 3,404 for 2021, 1,924 for 2020, and 1,119 for 2019 . Note that scores for the 2021 reporting cycle cannot be compared to previous years due to the change in PRI assessment methodology. Unlike previous years, the indicator scores are assigned one of five performance bands (from 1 to 5 stars) instead of six performance bands (from A+ to E). All PRI signatories are eligible to participate and must complete a questionnaire to be included. The underlying information submitted by signatories is not audited by the PRI or any other party acting on its behalf. Signatories report on their responsible investment activities by responding to asset-specific modules in the Reporting Framework. Each module houses a variety of indicators that address specific topics of responsible investment. Signatories’ answers are then assessed and results are compiled into an Assessment Report. Neuberger Berman pays a fee to be a member of PRI and the grades are only available to PRI members. Ratings referenced do not reflect the experiences of any Neuberger Berman client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. Awards and ratings are not indicative of the past or future performance of any Neuberger Berman product or service. Moreover, the underlying information has not been audited by the PRI or any other party acting on its behalf. While every effort has been made to produce a fair representation of performance, no representations or warranties are made as to the accuracy of the information presented, and no responsibility or liability can be accepted for damage caused by use of or reliance on the information contained within this report. Information about PRI grades is sourced entirely from PRI and Neuberger Berman makes no representations, warranties or opinions based on that information.

To read more about Neuberger Berman’s Historical PRI Assessment Scores, please visit

2021 PRI Transparency Report
2020 Climate Transparency Report
At Neuberger Berman our research analysts have worked closely with our in-house ESG Investing team to rate corporations on material ESG metrics at the industry level. Core to development of this proprietary ESG ratings system has been our ability to marry the specialized sector expertise of our analysts with our dedicated internal ESG investing team’s perspective on complex ESG data sets.
Assessment of Environmental and Social Factors
A cohesive three-part method
Integration examples
ESG Investing in ‘Dirty' Industries: Materiality and the Chemicals Industry
In sectors often thought of as ‘dirty,’ material ESG factors can assist in identifying sustainability and innovation.
ESG for EMD: Toward Best Practice
A serious approach to ESG in emerging markets is increasingly a proprietary approach.