Other Memberships

We have been signatories to the UN Principles for Responsible Investment (PRI) since 2012, and in 2017 we signed the PRI Statement on ESG in credit ratings and the Statement of Support for the Task Force for Climate-Related Financial Disclosures (TCFD). In 2018, Wellington became a supporter of the Transition Pathway Initiative (TPI). In 2018, Wendy Cromwell, Vice Chair and Director, Sustainable Investment for Wellington Management was elected to the board of UN PRI. In 2019, we joined CDP, Ceres Investor Network on Climate Risk and Sustainability, and the Investor Forum, a collective engagement body representing investors in UK listed companies. In April 2020, Wellington Management became a member of Climate Action 100+. This membership reinforces our belief that climate change is a systemic risk and is meant to be complementary to our rigorous climate research efforts. Portfolio managers with significant holdings will add their voice to ongoing engagements with a subset of the highest-emitting companies globally. We expect this collective engagement effort to complement our ongoing private dialogue with companies. We are also signatories of several stewardship codes, including the UK Stewardship Code, the FSC Standard 23 (Australia Stewardship Code), the Hong Kong Principles of Responsible Ownership, the Japan Stewardship Code, and joined those efforts soon after their launch. In addition, we are founding members of the Investor Stewardship Group’s Governance and Stewardship Principles in the US, which launched in January 2017. We are also members of the International Corporate Governance Network, the Asian Corporate Governance Association, the Council of Institutional Investors, GRESB, and became members of the Global Impact Investing Network (GIIN) in 2016.