PRI

PRI Assessment Report

For responsible Investment

Union Investment given A+ Rating 

Union Investment is one of Germany's pioneers in terms of sustainability in asset management. The United Nations Principles for Responsible Investment (PRI) initiative has awarded Union Investment its top mark of A+ in recognition of the company's overarching approach to responsible investment. The assessment of the company looked at indicators such as guiding principles, aims and practices

Union Investment is a pioneer when it comes to sustainability in asset management. Back in 2010, the cooperative fund management company was one of the first asset managers in Germany to sign up to the United Nations Principles of Responsible Investment (PRI). Since 2013, Union Investment has measured its performance in respect of these principles – the globally accepted standard for investing responsibly – by undergoing an annual PRI assessment.

This year again, the PRI organisation assessed Union Investment to evaluate whether it strictly adheres to the Principles of Responsible Investment. The assessment criteria are based on the PRI, which include voluntarily undertaking to integrate environmental, social and governance (ESG) criteria into the investment process, operating sustainably and fostering transparency on this matter in the investment industry, and reporting on one’s own sustainability activities. The evaluation is based on self-assessments carried out by the PRI signatories (www.unpri.org) and an evaluation methodology defined by the PRI assessment group.

PRI assessment criteria

Union Investment’s individual assessment report for 2020 is now available. In the report, the assets under management that are held in trust are broken down by asset class and the overarching strategic and governance issues are analysed separately by the PRI organisation. The individual scores for the PRI assessment are aggregated to give a weighted overall rating on a scale of ‘A+ to E’. Overall, Union Investment achieved the top rating of A+ for strategy and governance and was able to further improve its individual scores.

Union Investment achieved three scores of ‘A+’ and four scores of ‘A’ in the individual asset classes. A score of ‘A’ means that a signatory has achieved between 76 and 94 per cent of the points available for the particular module.

PRI Assessment-Report
Above-average scores almost across the board

This puts Union Investment above the median of all the PRI signatories that took part in the reporting process, for nearly all of the asset classes reviewed by the PRI organisation and for strategy and governance. 

Because the PRI score is a very meaningful indicator, Union Investment also uses it with the balanced scorecard as an internal performance measure for the Segments.

Principles for Responsible Investment

PRI Reporting is the world's largest project for reporting on responsible investments. It was developed with investors for investors. The signatories are obliged to report annually on their responsible investment activities.