Glenmede Becomes Signatory of Principles for Responsible Investment
June 21, 2019
Philadelphia, Pennsylvania – June 24, 2019 The Glenmede Trust Company, a privately-held and independently owned investment and wealth management firm with $40 billion in assets under management (AUM), announced it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI). PRI is a network of global investors committed to integrating environmental, social and governance (ESG) factors into their investment practices to develop a more sustainable financial system.
“Glenmede has long considered ESG factors an element of prudent investment analyses and portfolio ownership practices. PRI’s framework is in complete alignment with Glenmede’s corporate values and commitment to impact and sustainable investing,” said Gordon Fowler, Chief Executive Officer of Glenmede.
Glenmede was founded in 1956 to serve in perpetuity as corporate trustee of the Pew family trusts. With this founding mission, the firm has been built and cultivated to act as a responsible steward of client assets, and remains committed to the independent and privately-held ownership structure. At Glenmede, impact investing is defined as aligning values with investments, across both public and private markets, while seeking market-rate returns. The firm partners with individual, family, endowment, foundation and institutional clients to build lasting relationships and tailored investment portfolios. Glenmede’s services, solutions and innovations are developed with a long-term perspective, while investing in its people, infrastructure and resources for permanency and future organic growth. In 2018, to foster and generate discussion around impact investing, Glenmede launched Impactivate®, an independent website featuring news and trends on sustainable and impact investing.
The Glenmede Trust Company, N.A., (“Glenmede”) is among the nation's leading private wealth and institutional investment management firms with $40 billion of assets under management for high-net-worth individuals, families, family offices, endowment, foundation and institutional clients. Headquartered in Philadelphia, the firm has offices in New York, Washington DC, Florida, Delaware, Ohio and New Jersey.