Neuberger Berman’s PRI Assessment Scores As a result of continued progress over the last several years, Neuberger Berman has received top scores across all categories in the most recent UN-supported Principles for Responsible Investment (PRI) assessment report of Environment, Social and Governance (ESG) integration efforts. See below for a summary scorecard by asset class and by year. Neuberger Berman was honored to also be named to the PRI 2020 Leaders’ Group, a designation awarded to fewer than 1% of investment firms, for our work on climate risk.
2020
2019
2018
2017
Neuberger Berman
Neuberger Berman
Neuberger Berman
Neuberger Berman
Peer Median
Peer Median
Peer Median
Peer Median
A+
A+
A+
A
01. Strategy & Governance
A
A
A
A
Indirect – Manager Sel., App & Mon
A+
A+
A+
B
07. Private Equity
A
A
C
B
Direct & Active Ownership Modules
A+
A+
A+
A
10. Listed Equity – Incorporation
A
B
B
A
A+
A+
A
B
11. Listed Equity – Active Ownership
B
B
B
B
A+
A+
A+
A
12. Fixed Income – SSA
B
B
B
B
A+
A+
A+
B
14. Fixed Income – Corporate Non-Financial
B
B
B
B
PRI has delayed publication of 2021 scores. These scores remain up to date. For illustrative and discussion purposes only. PRI grades are based on information reported directly by PRI signatories, of which investment managers totaled 1,924 for 2020, 1,119 for 2019, 1,120 for 2018 and 935 for 2017. All signatories are eligible to participate and must complete a questionnaire to be included. The underlying information submitted by signatories is not audited by the PRI or any other party acting on its behalf. Signatories report on their responsible investment activities by responding to asset-specific modules in the Reporting Framework. Each module houses a variety of indicators that address specific topics of responsible investment. Signatories’ answers are then assessed and results are compiled into an Assessment Report. The Assessment Report includes indicator scores, summarizing the individual scores achieved and comparing them to the median; section scores, grouping similar indicator scores together into categories (e.g. policy, assurance, governance) and comparing them to the median; module scores, aggregating all the indicator scores within a module to assign one of six performance bands (from E to A+). Awards and ratings referenced do not reflect the experiences of any Neuberger Berman client and readers should not view such information as representative of any particular client’s experience or assume that they will have a similar investment experience as any previous or existing client. Awards and ratings are not indicative of the past or future performance of any Neuberger Berman product or service. Moreover, the underlying information has not been audited by the PRI or any other party acting on its behalf. While every effort has been made to produce a fair representation of performance, no representations or warranties are made as to the accuracy of the information presented, and no responsibility or liability can be accepted for damage caused by use of or reliance on the information contained within this report. Information about PRI grades is sourced entirely from PRI and Neuberger Berman makes no representations, warranties or opinions based on that information.
68 2021 ESG ANNUAL REPORT
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