Partnerships and Affiliations
The following external guidelines and assessment criteria all closely influence the way in which we conduct our business in a responsible way:
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- United Nations Global Compact
- Johannesburg Stock Exchange - Socially Responsible Investment Index
- The Principles for Responsible Investment
- The UK Sustainable Investment and Finance Association
- Institute of Directors in Southern Africa
- Code for Responsible Investing in South Africa
United Nations Global Compact
The United Nations Global Compact is a strategic policy initiative for businesses that are committed to aligning their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. Old Mutual plc joined the UNGC in August 2008 and became a member of the UNGC UK network in March 2009. In 2010 we reported our first annual Communication on Progress (COP).
Created by the global index company FTSE Group, FTSE4Good is an equity index series that is designed to facilitate investment in companies that meet globally recognised corporate responsibility standards. Companies in the FTSE4Good Index Series have met stringent environmental, social and governance criteria, and are positioned to capitalise on the benefits of responsible business practice.
Johannesburg Stock Exchange - Socially Responsible Investment Index
The JSE's Socially Responsible Investment Index measures participant companies' commitment and performance against a triple bottom line of sustainability in terms of environmental, economic and social impacts. It offers an aspirational sustainability benchmark, recognising those listed companies incorporating sustainability principles into their everyday business practices, and to serve as a tool for investors to assess companies on a broader base.
The Principles for Responsible Investment
The United Nations-supported Principles for Responsible Investment (UN PRI) initiative is an international network of investors working together to put the six Principles for Responsible Investment into practice. Old Mutual became a signatory to UN PRI as an asset owner in June 2012; in the same year we completed a group-wide review of our Responsible Investment practices using the UN PRI reporting framework. From 2014, we have reported on our progress in this area using the PRI framework on an annual basis.
In September 2015 we became signatory to the Montreal Pledge, a PRI-led voluntary carbon disclosure initiative whereby signatories commit to annually assessing and disclosing the carbon footprint of all of or part of their total holdings.
The UK Sustainable Investment and Finance Association
The UK Sustainable Investment and Finance Association (UKSIF) is the membership organisation for sustainable and responsible financial services. They promote responsible investment and other forms of finance that support sustainable economic development, enhance quality of life and safeguard the environment. Old Mutual has been a member of UKSIF since 2015.
Institute of Directors in Southern Africa
The Institute of Directors in Southern Africa (IoDSA) is a non-profit organisation that is unique in that it represents directors, professionals, business leaders and those charged with governance duties in their individual capacities in southern Africa. IoDSA provide a unique opportunity for networking and business development in al sectors. IoDSA also oversees compliance for the KING III Code and the CRISA Guidelines.
Code for Responsible Investing in South Africa
The Code for Responsible Investing in South Africa suggests that "where appropriate, institutional investors should consider a collaborative approach to promote acceptance and implementation of the principles to institutional investors". This correlates with the UN-supported Principles for Responsible Investment. These principles encourage collaborative engagement to better incorporate environmental, social and governance issues in decision-making and ownership practices.
CPD is an international, not-for-profit organisation providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. Old Mutual plc and Nedbank submitted an annual disclosure concerning their carbon emissions and how they are managed.