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CLEAR SKIES TO SIGN ON TO THE UNITED NATIONS-SUPPORTED PRINCIPLES FOR RESPONSIBLE INVESTMENTMONTREAL
MAY 2nd, 2022 – Clear Skies Investment Management Inc. announced today its official recognition as a signatory of the United Nations-supported Principles for Responsible Investment (PRI), further signaling its priority for maximizing risk-adjusted returns while maximizing positive impact on the planet and society. PRI is the leading international network of institutional investors committed to including environmental, social and governance (ESG) factors in their investment decision making.
“As impact investors, our operations are designed to focus on material ESG factors and the responsible stewardship of our client’s capital towards addressing the United Nations Sustainable Development Goals,” says Michel Brutti, Founder and CEO of Clear Skies. “We built our firm from the ground up based on the fundamental principles of responsible investment practices and it’s only natural to sign with the PRI to add accountability to our commitment.”
By adding its name to the other 4683 signatories who have agreed to put into practice six principles for responsible investing, Clear Skies will enhance its strategy with tools and recourses available from industry practitioners. The signatories of the PRI, as the network is known, collectively have some $121.3 trillion in assets under management.
David Atkin, CEO at the Principles for Responsible Investment, comments: “We’re pleased to welcome Clear Skies Investment Management as a signatory to the PRI. The organization’s commitment to transparency and accountability represents strong engagement with ESG issues, and we look forward to continuing to work alongside Clear Skies as the firm further develops it’s responsible investment activity.”
The six key PRI principles are:
• We will incorporate ESG issues into investment analysis and decision-making processes.
• We will be active owners and incorporate ESG issues into our ownership policies and practices.
• We will seek appropriate disclosure on ESG issues by the entities in which we invest.
• We will promote acceptance and implementation of the principles within the investment industry.
• We will work together to enhance our effectiveness in implementing the principles.
• We will each report on our activities and progress towards implementing the principles.
About Clear Skies Investment Management:
Clear Skies invests in initiatives with purpose-driven business models that support the UN Sustainable Development Goals. We are an impact investment firm committed to creating value for our investors and stakeholders. Our team screens and assess investments using a proprietary impact radar to reflect our investors’ values, as well as to ensure that capital reaches the companies at the forefront of creating a sustainable economic system that enables positive impact on the environment and society.
This communication is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. Certain statements in this press release are forward-looking. Statements that look forward in time or include anything other than historical information are subject to risks and uncertainties, and actual results, actions or events could differ materially.
SOURCE Clear Skies Investment Management