VANCOUVER, B.C.– Central 1 Credit Union, a provider of financial services and liquidity primary liquidity to Canada’s credit unions and financial institutions, is reporting it has achieved a score of over 70% across all categories in an annual assessment, led by the Principles for Responsible Investment (PRI), a firm that is a proponent for responsible investment.
“Surpassing the average score by more than 15% cent in three categories among all PRI signatories, this performance underscores Central 1’s commitment to excellence in responsible investment practices,” the credit union said.
Supported by the United Nations, the PRI is a global voluntary sustainability initiative led by over 5,300 corporate signatories in 135 countries. As a PRI signatory since 2018, Central 1 said it is required to report annually on its responsible investment activities, saying the obligation is part of its commitment to uphold the PRI's six principles for responsible investment, which were developed by an international group of institutional investors.
‘Valuable Insights’
“Central 1’s commitment to responsible investment is a cornerstone of our decision-making process for every investment we undertake,” Chief Investment Officer Brent Clode said in a statement. “The PRI annual assessment helps us understand how Central 1’s incorporation of environmental, social and governance factors in our investment strategies compares to global peers. However, most importantly, it provides valuable insights into how we can increase our actions to continue to maximize positive impact and financial growth for our credit union and financial institution clients. We are proud to be a PRI signatory and part of the international collective dedicated to developing a more sustainable global financial system.”
‘Guided by Responsible Investments’
Central 1 further stated it is focused on increasing its holdings in green, sustainable and social impact investments and is “guided by a responsible investment approach that includes ESG analysis, screening and integration strategies to direct funds into securities and companies for credit unions.
In 2023, Central 1 said it allocated 16% of its investments to this focus area, surpassing the organization's target of five%
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