Russell Investments formed the Russell Sustainability Council, which will incorporate environmental, social and corporate governance considerations into the company’s manager research and product development.
The move comes after Russell signed the United Nations’ Principles for Responsible Investment, a voluntary set of global best practices aimed at integrating environmental, social and corporate governance issues into financial analysis, investment decision making and ownership, according to a Russell news release.
The principles provide guidelines to help investment firms incorporate these issues in a way that’s consistent with their fiduciary obligations, the news release said. They also provide signatories with resources to identify and share best practices, as well as benchmark their progress through an annual survey and reporting process.
Russell Investments had $151 billion in assets under management as of June 30.
