SEI Enhances Global Investment Stewardship Strategy
January 07, 2021 at 08:30 am
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SEI announced the launch of a global investment stewardship strategy that will embed sustainability into shareholder engagement and proxy voting practices across the company's approximately $248.1 billion in assets under management as of Sept. 30, 2020. This enhanced strategy builds on more than a decade of stewardship activity in SEI's Irish fund complex, expanding on SEI's existing European stewardship program. By participating in collaborative investor initiatives, including a strategic partnership with Sustainalytics, SEI will focus engagement activity on global norms and standards, as well as sustainability themes shaping the future of the global economy. Sustainalytics, a leading global provider of ESG research and ratings, provides a suite of active ownership offerings, including investor engagement services as well as an ESG voting policy overlay service. Engagement will continue to focus on the consistent application of guidelines, including the United Nations (UN) Global Compact, the Organisation for Economic Co-operation and Development's Guidelines for Multinational Enterprises, and the UN Guiding Principles on Human Rights. Additionally, sustainability-focused thematic engagement programs will proactively engage companies on a range of sustainability risks and opportunities related to climate change and progress toward the UN Sustainable Development Goals.
SEI Investments Company provides technology and investment solutions that connect the financial services industry. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Its Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers, and financial advisers worldwide. Its Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the United States. The Institutional Investors segment provides outsourced chief investment officer solutions, including investment management and administrative outsourcing platforms to retirement plan sponsors, healthcare systems, higher education and other not-for-profit organizations worldwide.