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Signature Underscores Firm’s Commitment to ESG Considerations
DALLAS, July 25, 2018 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) today announced that it has become a signatory of the United Nations Principles for Responsible Investment (UN PRI), reflecting the company’s long-standing commitment to corporate responsibility and responsible investment practices regarding environmental, social and corporate governance (ESG) considerations.
As a signatory of the UN PRI, Westwood has committed to adopting and implementing responsible investment principles in a manner consistent with its fiduciary duties to clients. The firm supports the Principles for Responsible Investment and recognizes the importance of considering ESG issues across high-conviction equity and outcome-oriented investment solutions.
Westwood is committed to the successful integration and promotion of ESG at both the corporate and investment level. Accordingly, Westwood has established two governing structures (a Responsible Investment Committee and a Corporate Responsibility Committee) to ensure the strategic influence and leadership is in place to execute the PRI strategy across the business.
“Sustainability is a core value for Westwood and is linked to our fundamental approach to identifying high-quality companies and sound businesses around the globe,” said Brian Casey, CEO of Westwood.
“Westwood is formalizing the way we articulate our active investment approach to ESG, which has always been an input into our investment analysis process.”
Westwood’s core corporate values have long been focused on transparency, corporate governance, life principles, ethical conduct and giving back to local communities. Diversity is also an important part of Westwood’s culture and identity. Over 50 percent of employees are women — many in senior-level positions.
Westwood currently manages $3.4 billion in values-based and socially responsible investment mandates.
Westwood Holdings Group, Inc. provides investment management services to institutional investors, private wealth clients and financial intermediaries. The firm has $21.6 billion in assets under management, of which $3.4 billion are in values-based and socially responsible investment mandates as of June 30, 2018. Westwood offers a range of investment strategies including U.S. equities, Multi-Asset, Global and Emerging Markets equities, Global Convertible securities and Master Limited Partnerships (MLPs) portfolios. Access to these strategies is available through separate accounts, the Westwood Funds® family of mutual funds, UCITS funds and other pooled vehicles. Westwood benefits from significant, broad-based employee ownership and trades on the New York Stock Exchange under the symbol “WHG.” Based in Dallas, Westwood also maintains offices in Toronto, Boston and Houston.
For more information about Westwood, visit our website at westwoodgroup.com.
For more information on Westwood Funds, visit us at westwoodfunds.com.
For more information on ESG within Westwood, visit westwoodgroup.com/esg/.
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