The Joseph Rowntree Charitable Trust has been named a “global leader” by a United-Nations-backed organisation focusing on ethical investment.
Principles for Responsible Investment (PRI),an international network of investors, added the grant-making trust to its Leaders' Group of 47.
PRI is a globally-recognised supporter of ethical investment, and JRCT is the only European foundation in its Leaders’ Group.
The group also includes the Church Commissioners for England and the Environmental Agency Pension Fund.
‘Investments do not stand in isolation’
Jackie Turpin, head of finance at JRCT, said: “We’re thrilled to be named among the PRI leaders.
“We recognise that our investments do not stand in isolation from our grant-giving work, and that the investments we make, and our behaviour as an investor, have an important role in achieving the Trust’s overall aims.
“Because of this we have to be confident in the ability of our external managers to invest our funds in a way which is compatible with our values and to integrate environmental, social and governance considerations into their investment processes.
“It follows that we have to have robust procedures around their selection and monitoring to ensure that they are clear about what we require of them and are accountable to us.”
PRI said it hoped it wider base of signatories would learn from the responsible investment practices of its Leaders’ Group.