Our Investments
We believe integrating sustainability factors into investment analysis may contribute to improved returns, long term risk reduction, and align with our stakeholders’ best interests. We consider sustainability metrics for assets managed internally and monitor the sustainability policies of assets managed by third parties, recognizing the significance of assessing sustainability topics in the performance of the entities in which we invest.
Responsible Investing
Our Responsible Investing (RI) Policy provides a framework for governance, investment strategy, engagement, reporting and communications. Developed with consideration of the United Nations Principles of Responsible Investment (UN PRI), the policy applies to all asset classes under our management, supports sustainability training for the investment team, and focuses on sustainable value creation, including the integration of climate-related factors into investment decisions.
Making Responsible Investments
As of Dec. 31, 2025, we had $382 million invested in sustainable bonds issued to fund green projects, activities that promote climate change mitigation or adaptation, or other sustainability-linked purposes, up 20% from the prior year.1
As shown, our approach to responsible investing has remained fairly stable year over year, with a less than 1% decrease, as a percentage of assets under management (AUM) since 2024.
1 In 2025, we expanded the scope of our reporting to include sustainability, sustainability-linked, green, social, and transition bonds, providing a more comprehensive view of our exposure to sustainable debt instruments. Prior year amounts have been updated accordingly to ensure comparability.
Assets with UN PRI
We recognize the commitment becoming a UN PRI signatory requires and highlight our asset owners or asset managers that have achieved this distinction. Our assets managed by UN PRI signatories increased year over year (i.e., 2024 and 2025), representing 32% of the total AUM and 88% of the total externally managed assets, approximately $17.5 billion as of Dec. 31, 2025.
