DALLAS – Mar. 1, 2016 – Highland Capital Management, L.P. further strengthened its environmental, social, and corporate governance (ESG) practice by becoming a Principles of Responsible Investment (PRI) signatory. PRI is an investor initiative that operates in partnership with the UN Environmental Program Finance Initiative and the UN Global Compact.
As a signatory, Highland commits to adopting and implementing the six Principles of Responsible Investment where consistent with the firm’s fiduciary responsibilities. The six Principles include:
- Incorporating ESG issues into investment analysis and decision-making processes;
- Operating as active owners and incorporating ESG issues into ownership policies and practices;
- Seeking appropriate disclosures on ESG issues by the entities in which the firm invests;
- Promoting acceptance and implementation of the Principles within the investment industry;
- Working together to enhance effectiveness in implementing the Principles;
- Reporting on activities and process toward implementing the Principles.
As a member of the PRI global network, Highland has access to a number of resources made available to PRI signatories to support them in implementing the six Principles.
About Highland Capital Management Fund Advisors, L.P.
Highland Capital Management, L.P. is an SEC-registered investment adviser which, together with our affiliates, has approximately $18 billion of assets under management. Founded in 1993 by Jim Dondero and Mark Okada, Highland is one of the largest and most experienced global alternative credit managers. Highland specializes in credit strategies, such as credit hedge funds, long only funds and separate accounts, distressed and special situation private equity, and collateralized loan obligations (CLOs). Highland also offers alternative investments, including emerging markets, long/short equities, and natural resources. Highland’s diversified client base includes public pension plans, foundations, endowments, corporations, financial institutions, fund of funds, governments, and high net-worth individuals. Highland is headquartered in Dallas, Texas and maintains offices in New York, Sao Paolo, Singapore, and Seoul.
About the PRI
The PRI works with its international network of signatories to put the six Principles for Responsible Investment into practice. Its goals are to understand the investment implications of environmental, social and governance issues and to support signatories in integrating these issues into investment and ownership decisions. The six Principles were developed by investors and are supported by the UN. They have more than 1,400 signatories from over 50 countries representing US$59 trillion of assets. They are voluntary and aspirational, offering a menu of possible actions for incorporating ESG issues into investment practices. In implementing the Principles, signatories contribute to developing a more sustainable global financial system. For more information, see www.unpri.org.