2021 ESG Annual Report

Collaborations and Engagements with the Industry We recognize that we have a responsibility to improve the functioning of capital markets as a whole by encouraging the broader implementation of ESG investing activities. We believe this can best be achieved by working collaboratively with clients and others in the investment industry, including by engaging with individual companies and whole industries, conducting joint research on ESG topics, and supporting the creation and adoption of industry-standard ESG disclosures. While we support many highly impactful groups and initiatives, each year we seek to particularly focus our efforts where we feel our leadership can make a unique and significant difference.

Neuberger Berman continues to actively contribute to the PRI’s work by showing ongoing support for ESG in Credit Risk and Ratings Initiative and has seen a significant positive response from credit agencies as a result. In 2021, we continued to serve as a member of PRI’s Private Equity Advisory Committee (PEAC), a collaborative group that advises the PRI on its private equity initiatives. Additionally, we were a member of the PRI EU Taxonomy Practitioners Working Group, meeting regularly throughout the year to collaborate on implementation with peers and participating in interviews to support the PRI’s EU Taxonomy research. We are proud to have been named to the 2020 Leaders’ Group for our efforts to assess, manage and disclose climate risk and opportunity across our investment strategy. Only 20 asset managers of the 2,400+ investment manager PRI signatories were awarded this designation.

Neuberger Berman is a proponent of the Value Reporting Foundation, which houses the Integrated Reporting Framework and SASB Standards. SASB aims to develop and maintain standards for public company ESG disclosures using a rigorous process of evidence-based research. The SASB Standards identify a number of ESG and sustainability topics that most directly impact long-term value creation. As a founding member of the SASB Alliance and the SASB Standards Advisory Group, we continue to be involved with SASB in a number of ways. Our Chief Investment Officer of Equities, Head of ESG Investing, and Global Research ESG Engagement Director serve as members of the Investor Advisory Group (IAG). We have investment team members on several of the SASB Standards Advisory Groups, and we are members of the APAC Working Group of the IAG. As part of this work, we have published a case study showing how we integrate the SASB Standards into Japanese equity strategies.


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