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Chinese GF International

GF Fund formally joined the UN PRI

Date: 2021-06-09 Source: China Net

  Carbon emission peak before 2030 and carbon neutrality before 2060 have become China's major strategic decisions based on the responsibility of building a community with a shared future for mankind and the inherent requirements of achieving sustainable development. Recently, in order to actively contribute to the “dual carbon” goal and practice ESG investment, GF Fund Management Co., has officially joined the United Nations-supported Principles for Responsible Investment (UN PRI), committing to fulfilment of the six major Principles for Responsible Investment, rewarding investors with value creation and contributing to society with responsibility.

  The Principles of Responsible Investment are an investor initiative launched by UN PRI, UN Environment Program Finance Initiative and United Nations Global Compact, jointly formulated by the international institutional investor community and supported by the United Nations. In early 2005, the then Secretary-General of the United Nations, Mr. Annan, invited a group of the world's largest institutional investors to jointly formulate principles for responsible investment. The organization aims to help investors understand the impact of environmental, social and governance factors on investment, support signatory institutions to incorporate these factors into investment and ownership decisions, encourage the adoption and collaboration of responsible investment principles, improve corporate governance, integrity and accountability mechanisms, and build a sustainable global financial system by removing barriers to market functioning, structure and regulation. UN PRI believes that a global financial system with both economic efficiency and sustainability is indispensable for long-term value creation. Only under such a financial system can responsible long-term investment be rewarded and benefit the entire environment and society.

  By the end of 2020, 3,038 organizations around the world have become UN PRI signatories, covering USD 89 trillion in assets under management. By the time GFSC joined, a total of 58 institutions in mainland China had become signatory members.

  UN PRI defines responsible investment as strategies and practices that incorporate environmental, social and governance factors into investment decisions and active ownership. Its goal for the next ten years is to unite responsible investors, strive to create a sustainable market, and achieve global prosperity.

  As the world’s second largest economy and the largest developing country, China has taken carbon emission peak and carbon neutrality as major strategic decisions and goals, which will bring in-depth and extensive economic and social changes, promote new technological progress, lead to new ways of development, and spawn new investment opportunities.

  GF Fund believes that in this tough battle to achieve carbon emission peak and carbon neutrality, public equity funds will actively practice ESG investment by fulfilling the principles of responsible investment, give full play to the functions of value discovery and asset pricing, and strive to promote invested companies. Mutual fund should improve the quality of development, and strive to shoulder the historical mission of optimizing the financing structure, stimulating economic vitality, and cultivating innovation momentum, and promote China economic transformation, upgrading and sustainable development.

  GF Fund will comply with the fiduciary responsibility, follow the six responsible investment principles, incorporate environmental, social and governance (ESG) issues into the investment analysis and decision-making process, practice ESG investment, give full play to the professional power of public funds, and help achieve the goal of "double carbon". In the meantime, GF Fund would actively fulfill social responsibilities, engage in public welfare, promote the realization of the unification of economic, social and environmental benefits, and be a responsible corporate citizen.