Monroe Capital has become a signatory to the United Nations-supported Principles for Responsible Investment (“PRI”) as part of its ongoing commitment to environmental, social and corporate governance (“ESG”) principles.
The PRI works to understand the investment implications of ESG factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole. Launched in New York in 2006, the PRI has grown to more than 3,900 signatories, managing over $103 trillion AUM.
“Monroe Capital is proud to become a signatory of the UN-supported PRI. This establishes the firm’s goal to be a leader in responsible investing within the private credit markets,” said Chris Lund, Assistant Portfolio Manager, Monroe Capital. “As a new signatory, the firm will continue to demonstrate its commitment to sustainability and utilizing responsible investment practices to help create a better world.”
“We are committed to applying these principles across every phase of the firm’s investment process including origination, underwriting, monitoring, and middle and back-office operations,” said Ted Koenig, President & CEO of Monroe Capital. “We encourage the same in businesses we invest in and believe that responsible, sustainability-driven investing is not only good for our business and our investors, but can be a catalyst in helping to tackle some of the largest challenges facing our society.”
This action follows Monroe’s 2019 commitment to participate in the UN Global Compact, which requires participants to abide by ten principles in four categories: Human Rights, Sustainability, Labor and Anti-Corruption. Combined with the UN PRI, commitments to these frameworks create a clear pathway for Monroe to continue operating as a leading corporate, global citizen while enhancing its efforts to integrate ESG factors throughout the investment process.
Fiona Reynolds, CEO of the PRI, commented: “We are very pleased to welcome Monroe Capital as a PRI signatory. Asset managers such as Monroe Capital play an important role in sustainable investing by incorporating ESG factors into their investment strategy and ownership decisions. We look forward to working with the team.”