20 July 2010
Press Release - Finance in Motion signs the United Nations’ Principles for Responsible Investment
Finance in Motion has signed the international Principles for Responsible Investment (PRI). This step underlines the commitment Finance in Motion places on sustainability and responsibility issues in the investment business and reinforces the company’s own principles of responsible financing and investing.
The PRI are a declaration that was jointly developed by the UN Environment Program Finance Initiative and the UN Global Compact and is based on six main principles. By signing up to the PRI, companies accept a duty to gradually integrate sustainability aspects into their investment processes.
The Principles include promoting the exercise of ownership rights, demanding detailed reporting on environmental, social and governance issues, and encouraging investors to increasingly cooperate in promoting sustainability.
“We are pleased to be part of this important Initiative as the issues raised are at the core of Finance in Motion’s mission,” said Klaus Maurer, Chairman of the Supervisory Board of Finance in Motion. “By incorporating these Principles into our investment process, Finance in Motion will build on its position as a leading asset management firm in the area of responsible finance and the microfinance sector. We look forward to continuing to play an active role in promoting responsible investing by sharing our knowledge and expertise in this area.”
The investment process of Finance in Motion already includes periodic impact analyses as well as social performance and responsible finance assessments. Finance in Motion is currently advising the microfinance fund, European Fund for Southeast Europe (EFSE), and the energy efficiency and renewable energy fund, Green for Growth Fund, Southeast Europe (GGF).
According to the Annual Report 2009 of the PRI Initiative, more than 600 international investors and asset managers representing US-Dollar 18 trillion of investments under management have signed up to the Principles. Companies that have signed these Principles commit to reporting their activities and their progress in implementing the Principles annually.
More information on PRI can be found on the internet at http://www.unpri.org
About Finance in Motion
Finance in Motion is an alternative asset manager exclusively focused on development finance with over EUR 800 million in committed capital under advisory as of June 2010. The firm provides professional investment and technical assistance management services, focusing on micro, small and medium enterprise finance, housing finance, as well as on energy efficiency and renewable energy finance in developing countries and emerging markets. The company has offices in Frankfurt/Main, Germany, and in further 8 cities in the region of Southeast Europe.
For additional information about Finance in Motion, please visit:
Samir Djikić, Manager Communications
Tel: +49 (0)69 / 977 876 50-26
Fax: +49 (0)69 / 977 876 50-10