As the United Nations General Assembly’s 75th session convenes this week, Brown Brothers Harriman (BBH) announced that it has joined both the United Nations-supported Principles for Responsible Investment (PRI) and the United Nations Global Compact.
The decision to join both organizations aligns with the firm’s Sustainable BBH programme and impact areas. With the creation of Sustainable BBH, the firm united many existing social and environmental efforts and launched several new programmes to form a comprehensive firm-wide programme. As the capstone of Sustainable BBH’s first year, BBH published its inaugural stewardship report detailing the firm’s relevant governance structures and its ten sustainability focus areas.
“We believe this is not the time for short-term thinking,” says Bill Tyree, BBH managing partner. “This must be a time to lean into our values, do the right thing, and to put our stakeholders first. These partnerships are significant indications of our commitment to advancing sustainability goals, which are more likely to succeed if we work together.”
The UN-supported PRI is recognized as the leading international network of investors committed to integrating environmental, social, and governance (ESG) factors in their investment decision-making.
The UN Global Compact is a consortium of companies and organizations across the globe committed to aligning their strategies and operations with the Global Compact’s ten principles on human rights, labour, environment, and anti-corruption, and to take strategic action to advance broader societal goals, such as the UN's Sustainable Development Goals.