HDFC Life becomes Signatory to United Nations – Supported Principles for Responsible Investment

HDFC Life recently signed up for the UN-supported Principles for Responsible Investment (PRI), epitomising its objective of sustainable growth and long term value creation.

HDFC Life is committed to following the principles of Responsible Investment (RI). The Company believes that as an active asset manager for policyholders, who have entrusted their savings with HDFC Life, it is the Company’s fiduciary responsibility to generate optimal risk adjusted returns over the long term. This objective can be served by following the RI approach which includes core stewardship principles and consideration of environmental, social and governance (ESG) factors in addition to financial parameters and outlook, while making investment decisions. This framework complements HDFC Life’s philosophy of achieving sustainable growth. The Company currently has Assets Under Management of over Rs. 2 lakh crores.

Commenting on the development, Vibha Padalkar, MD & CEO – HDFC Life, said, “We are pleased to announce our association with the PRI. We endeavour to grow holistically and sustainably by continuing to invest in the five pillars of our ESG strategy, namely – ethical conduct, responsible investing, diversity, equity & inclusion, holistic living and sustainable operations.

As a steward for responsible investment, we have been actively applying the ESG approach in our investment decisions. Our alliance with the PRI will further enable us to streamline our responsible investment framework as well as adopt and share the industry and global best practices.