Global asset manager PineBridge Investments announced today the appointment of Kate Faraday to the newly created role of Head of Corporate Responsibility.
In her new position, Faraday will have responsibility for overseeing PineBridge’s corporate responsibility strategy and execution of key initiatives with continued focus on furthering development on ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. principals into the firm’s investment process. She will also ensure that PineBridge continues to uphold the highest practices as a responsible corporate citizen.
Greg Ehret, CEO of PineBridge, said:
“As a culture and a firm, we have been committed to corporate responsibility efforts for many years and I am proud of the progress we have made. Kate’s appointment and the ongoing work of our Corporate Responsibility Committees reflect the increasing importance that socialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates., environmentalEnvironmental criteria consider how a company performs as a steward of nature. and governanceGovernance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights. issues continue to play for our clients and our industry. I look forward to working with Kate to further develop the firm’s approach and corporate responsibility practices.”
PineBridge manages over $125 billion in assets, with a focus on active, high-conviction investing. The firm is a signatory of the UN Principles for Responsible Investment (PRI).
Faraday has worked at PineBridge since 2007, most recently as Head of Client Portfolio Management, Americas Equities and Portfolio Manager for the Research Enhanced quantitative equities strategies. She has also served as Chair of PineBridge’s Culture Committee and a member of the Diversity & Inclusion Committee, and Company Responsibility Committee.
As Head of Corporate Responsibility, she will work with PineBridge’s Corporate Responsibility Steering Committee, which oversees the firm’s subcommittees, dedicated to ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Investment, Diversity & Inclusion, Stewardship and Company Responsibility.
Faraday said:
“I am excited to take on this important function at a time when Corporate SocialSocial criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Responsibility issues have become an essential consideration for our clients. I look forward to working across PineBridge’s global teams to ensure the firm continues to uphold industry-leading practices, both in terms of our investment approach and the firm’s core beliefs and practices.”
The post PineBridge Appoints Kate Faraday as Head of Corporate Responsibility appeared first on ESG Today.
