NB Private Equity & Neuberger Berman Receives Top UN PRI Score for ESG Integration
We are pleased to share that Neuberger Berman has received the top score in the most recent UN-backed Principles for Responsible Investment (PRI) assessment report of Environmental, Social and Governance (ESG) integration efforts for 2017.
NB Private Equity earned an A+ score for our ESG integration. Additionally, our Firm obtained the highest score, A+, for our approach to ESG strategy and governance – a grade that only 23% of signatories received.
Neuberger Berman has a long history as a leader in responsible investing, and NB Private Equity has incorporated formal evaluation of financially material ESG factors in private equity investments since 2007. ESG integration is an integral part of our private equity investment processes and we are committed to continuous improvement.
Neuberger Berman has been a signatory to the PRI since 2012. Neuberger Berman’s transparency report as well as our latest white papers, articles and perspectives on ESG topics from investment professionals across the firm can be found at www.nb.com/esg.
Global Head of NB Alternatives
For illustrative and discussion purposes only. PRI grades are based on information reported directly by PRI signatories, of which investment managers totaled 1,120 for 2018, 935 for 2017 and 790 for 2016. All 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. The Assessment Report includes indicator scores – summarizing the individual scores achieved and comparing them to the median; section scores – grouping similar indicator scores together into categories (e.g. policy, assurance, governance) and comparing them to the median; module scores – aggregating all the indicator scores within a module to assign one of six performance bands (from E to A+). Awards and 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. The scores under each column are based on the previous year’s reporting activity. 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.
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