Institutional Investors and Asset Owners, Managers Representing Nearly $5 Trillion Launch Principles for a Responsible Civilian Firearms Industry
Investors Stand Together to Implement Principles as an Engagement Tool
Signatories include: the
“We have a fiduciary obligation to our beneficiaries to invest prudently as well as to take responsible actions as asset owners and managers to monitor and manage risks accordingly,” said
Ailman added: “Most importantly, these principles are an engagement solution to divestment and meant to stimulate productive dialog within the industry. Working together, we can build and leverage solid relationships as we make progress toward mitigating risks, not only to the civilian firearms industry, but also on behalf of our investments.”
The principles serve as engagement points for investors seeking to protect and enhance long-term portfolio values by ensuring risks are being appropriately monitored and addressed. They are not prescriptive in any way and each signatory will interpret and apply them on their own as they see fit. The principles are:
- Principle 1: Manufacturers should support, advance and integrate the development of technology designed to make civilian firearms safer, more secure, and easier to trace.
- Principle 2: Manufacturers should adopt and follow responsible business practices that establish and enforce responsible dealer standards and promote training and education programs for owners designed around firearms safety.
- Principle 3: Civilian firearms distributors, dealers, and retailers should establish, promote, and follow best practices to ensure that no firearm is sold without a completed background check in order to prevent sales to persons prohibited from buying firearms or those too dangerous to possess firearms.
- Principle 4: Civilian firearms distributors, dealers, and retailers should educate and train their employees to better recognize and effectively monitor irregularities at the point of sale, to record all firearm sales, to audit firearms inventory on a regular basis, and to proactively assist law enforcement.
- Principle 5: Participants in the civilian firearms industry should work collaboratively, communicate, and engage with the signatories of these Principles to design, adopt, and disclose measures and metrics demonstrating both best practices and their commitment to promoting these Principles.
The principles were conceived earlier this year when Harvard Advanced Leadership Fellow
Harvard Advanced Leadership Fellow
Ailman added: “As investors, we’re focused on taking steps to reduce risks while increasing the long-term value of the companies in which we invest. But as individuals, we are also deeply saddened by the gun-related tragedies our country is experiencing. We hope these principles serve as the start of a new conversation to address gun safety in the civilian firearms industry, and we look forward to progress through the reasonable and broad framework for engagement they provide.”
Institutional investors and asset owners that share a similar risk viewpoint surrounding the civilian firearms industry are invited to demonstrate their support of these principles by becoming a signatory. Interested investors may send an email to [email protected] for more information on how they can become a signatory supporting these principles.
About CalPERS
For more than eight decades, CalPERS has built retirement and health security for state, school, and public agency members who invest their lifework in public service. Our pension fund serves more than 1.9 million members in the CalPERS retirement system and administers benefits for more than 1.4 million members and their families in our health program, making us the largest defined-benefit public pension in the
About CalSTRS
The
About
The
About
The
About Harvard’s Advanced Leadership Initiative
The Advanced Leadership Initiative was formed by Faculty from Harvard’s professional schools of Business, Education, Government, Law,
About Maine Public Employees Retirement System
Since 1942, the
About Maryland State Retirement and Pension System
The
About Nuveen
Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has
About
The
About
The
About Rockefeller Asset Management
Rockefeller Asset Management, a division of
About San Francisco Employees’ Retirement System
The San Francisco Employees’ Retirement System (SFERS) Retirement Board oversees a
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with nearly US
* This figure is presented as of
About
Wespath Benefits and Investments is a not-for-profit agency that has been serving
View source version on businesswire.com: https://www.businesswire.com/news/home/20181114005240/en/
[email protected]
Ph: (916) 414-1440
Source: California State Teachers’ Retirement System
MGIC Announces New Integration with Ellie Mae’s® Total Quality Loan (TQL)® Program
EDITORIAL: Pull Ohio together? Not with the ‘heartbeat bill’
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News