SYDNEY – New Forests joins a global network of institutional investors and investment managers committed to a high standard of environmental, social and governance practices by becoming a signatory to the United Nations Principles for Responsible Investment (“PRI,” see www.unpri.org). Through PRI membership, New Forests reinforces its emphasis on social and environmental responsibility and commits to formally reporting on progress toward implementing the principles.
“Acting in a responsible and sustainable manner is central to New Forests’ mission and investment mandates,” David Brand, Managing Director of New Forests, said. “As a voluntary and aspirational program, membership in PRI provides a pathway to improve our systems and levels of transparency over time and discuss critical responsible investment issues with peers in the investment community.”
PRI was developed by institutional investors, the United Nations Environment Programme Finance Initiative and the UN Global Compact in 2005 and now has over 700 asset owner, investment manager and service provider signatories. As a specialist fund manager in the timberland and eco products asset classes, New Forests’ existing investment policies and commitments to sustainable land management are strongly aligned with PRI’s objectives. New Forests’ responsible investment capacities are further bolstered by operating fund-level Social and Environmental Management Systems and dedicating new staff resources to sustainability issues.
A description of the Principles and more information about New Forests’ participation with the PRI can be found on our website.
About New Forests
New Forests (www.newforests.com.au) is a funds management company specialised in timberland and associated eco products, such as carbon, biodiversity and water, for institutional and private equity clients. New Forests’ staff includes experienced professionals across timberland investment, operational forestry, environmental management and finance. The company holds an Australian Financial Services Licence and is headquartered in Sydney, Australia, with offices in Washington, D.C., San Francisco and Kota Kinabalu, Malaysia.