We collaborate with industry peers and organizations to lead tangible progress on ESG investment initiatives. We currently partner with the following industry groups, among others:
UN-sponsored Principles For Responsible Investment (PRI)
As a signatory of the world’s leading proponent of responsible investment, we have participated in various initiatives designed to contribute to developing a more sustainable global financial system. Most recently, we supported the ESG in Credit Risk and Ratings initiative. As a signatory, Lord Abbett is evaluated annually and receives an Assessment Report from PRI. Our assessment scores reflect our continued efforts to expand and enhance our ESG capabilities. In the most recent reporting period, 2020, we earned an A+ in Strategy and Governance. Our 2020 PRI Assessment Scores are shown in the table below.
Climate Action 100+ (CA 100+)
Through our affiliation with PRI, we joined CA 100+, a global network of investors focusing on a selection of the world’s biggest greenhouse gas emitters, with the objectives of improving climate change governance, cutting emissions, and strengthening climate-related financial disclosures. We have been an active member of CA 100+ and have joined three collective engagement initiatives with like-minded investors, focused on large oil and gas companies, with the intent to encourage climate-related improvements at these high-risk companies.
Ceres Investor Network (Ceres)
In 2020, we joined Ceres. Ceres is a sustainability nonprofit organization working with influential investors and companies to build leadership and drive solutions throughout the economy. Ceres tackles the world’s largest sustainability challenges, including the climate crisis, water scarcity and pollution, and inequitable workplaces. We are an active member within the network and have joined a number of working groups, including the Carbon Asset Risk Working Group, the Low Carbon & Clean Energy Investment Working Group, and the Disclosure Working Group.