Capital Group Joins the United Nations Global Compact

TORONTO, Aug. 4, 2021 /CNW/ - Capital Group, one of the world's largest investment management firms, has joined the United Nations Global Compact ("UN Global Compact") initiative — a voluntary leadership platform for the development, implementation and disclosure of responsible business practices. The UN Global Compact is a call to companies globally to align their operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to take action in support of the UN goals. These are embodied in its 17 Sustainable Development Goals (SDGs) which address many of the world's most pressing needs and apply to all nations.

"The UN's Sustainable Development Goals are a critical framework for asset managers and the companies we invest in to quantify their impact," said Jessica Ground, Capital Group's Global Head of Environmental, Social and Governance (ESG). "By leveraging the SDGs, we will add further focus to our ESG process, and better understand the impact we are achieving as an asset manager and employer."

Capital Group has integrated ESG across all of its investment strategies. A key pillar of the firm's  approach is its sector-specific investment frameworks, which identify the ESG issues that are likely to be the most material to the long-term success and sustainability of companies. The firm's investment frameworks and business operations have been mapped to five prioritized SDG themes: Gender Equality, Decent Work and Economic Development, Reduced Inequalities, Responsible Consumption and Production, and Climate Action.

"Robust processes and thoughtful frameworks are crucial, but we know that current and would-be clients want more than pledges. We are committed to providing more transparency on our processes around ESG integration," said Robert W. Lovelace, Vice Chairman and President of The Capital Group Companies. "Capital Group has always believed that knowing how a company interacts with and impacts its community, customers, suppliers and employees is important to understanding its potential as an investment. Our experience and research indicate that a company taking a thoughtful and robust approach to Environmental, Social and Governance dimensions is a positive indicator of sustainability and strategic thinking, and that those factors will eventually be positively reflected in its valuation."

Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 12,000 companies and 3,000 non-business signatories based in over 160 countries.

More on Capital Group's approach to ESG engagement can be found in the firm's 2020 Stewardship Report.

About Capital Group

Capital International Asset Management (Canada), Inc. is part of Capital Group, a global investment management firm originating in Los Angeles, California. Since 1931, the Capital Group organization has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research, and individual accountability. As of June 30, 2021, Capital Group manages more than US$2.6 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of the three equity investment groups.

For more information, visit: www.capitalgroup.com/ca/en

SOURCE Capital Group

Media contact: Caroline Semerdjian, Capital Group, [email protected], Phone: [phone]