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Money Management

Voya becomes PRI signatory

Voya Investment Management signed on to the Principles for Responsible Investment, a network of investors advocating for sustainable investing.

"Increasingly, many of our clients are making ESG considerations in their investment choices," said Christine Hurtsellers, Voya Investment Management's CEO, in a Thursday news release. "To address this demand, we've developed our ESG investment program, and becoming a PRI signatory is a significant proof point to our commitment to responsible investing."

Actions the firm is taking to develop its ESG investment program include "enhancing the consideration of ESG factors in investment processes; developing ESG-intentioned products; implementing investment stewardship activities — including engagements and proxy voting considerations; and undertaking ESG leadership efforts," said Drew Schechtman, head of ESG strategy at Voya Investment Management, in the release.

Voya Investment Management, the money management arm of Voya Financial, had more than $222 billion in assets under management as of Sept. 30. A Voya spokesman could not immediately be reached for additional information.

Another money manager that signed on to the PRI recently is Gurtin Municipal Bond Management.

"As a PRI signatory, Gurtin will continue to support research and leadership in responsible investment, taking measures to provide full transparency for investors, such as publicly reporting on the firm's investment activities in accordance with the PRI's principles and seeking relevant disclosure regarding environmental, social, and governance issues by the municipalities in which the firm invests," the manager said in a news release Monday.

There are more than 1,800 signatories to the PRI, which is supported by the United Nations.