Neuberger Berman Awarded A+ PRI Scores across all Categories for ESG Integration Efforts
(Americas) Alexander Samuelson, (212) 476-5392, Alexander.Samuelson@NB.com
(Europe) Fiona Kehily, +44 (20) 3214 9087, Fiona.Kehily@nb.com
(Asia) Kay So, 852 3664 8850, Kay.So@nb.com
(Japan & Korea) Kiyoko Yamaguchi, 8135218196, Kiyoko.Yamaguchi@nb.com
New York, NY, August 7, 2019 —Neuberger Berman has been awarded top scores across all categories in the UN-backed Principles for Responsible Investment (PRI) assessment report of Environmental, Social and Governance (ESG) integration efforts as of year-end 2018. The firm obtained the highest score, A+, for its overarching approach to ESG strategy and governance. In addition, Neuberger Berman earned an A+ for ESG integration across every asset class, and is rated above the peer median on every category.
The firm has made meaningful improvements in its scores over recent years, most notably in Fixed Income (Corporate Non-Financial) and Private Equity. This year, the firm improved its score to A+ for its approach to Active Ownership in Listed Equity—a grade that only 13% of asset managers with >$50b in AUM received.1
Neuberger Berman’s 2019 PRI Assessment Scores
“As a signatory to the UN-supported Principles for Responsible Investment (PRI) since 2012, we are very pleased that our firm has received top scores across all categories in the most recent assessment report of our ESG integration efforts. This industry recognition reflects the work of our analysts and portfolio managers across the firm to seamlessly integrate our ESG philosophy and proprietary ESG ratings systems across asset classes. We believe that focusing on financially material ESG factors makes us better stewards of our clients’ precious capital,” said Jonathan Bailey, Head of ESG Investing at Neuberger Berman.
1. Source: Principles for Responsible Investment (PRI).
The United Nations-supported Principles for Responsible Investment works to understand the investment implications of environmental, social and governance factors and to support its international network of investor signatories in integrating these factors into their investment and ownership decisions. For more information, please see www.unpri.org
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s team is more than 2,100 professionals. For five consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $333 billion in client assets as of June 30, 2019. For more information, please visit our website at www.nb.com.