Arlington Energy, the fast growing provider of energy reserves to the National Grid through battery storage and gas peaking, has joined internationally renowned, Principles for Responsible Investment (PRI) as a signatory, demonstrating our commitment to responsible investment.
The PRI is the world’s leading proponent of responsible investment, working to understand the investment implications of environmental, social and governance factors and supporting its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.
Fiona Reynolds, CEO, Principles for Responsible Investment said, “We are very pleased to welcome Arlington Energy as a signatory to the PRI. Arlington’s stated commitment to facilitate a transition away from a centralised, inflexible, carbon intensive energy network by investing in a significant portfolio of low-carbon projects is noteworthy, and we look forward to working with the team.”
The independent PRI Principles were launched in April 2006 at the New York Stock Exchange. Since then the number of signatories has grown from 100 to over 2,300.
PRI status encourages investors to use responsible investment to enhance returns and better manage risks but does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations.
Paul Gazzard, director of Arlington Energy said, “We are proud to be accepted as a signatory of PRI and joining a strong global list of like-minded companies. Our green credentials in our business plan and execution run in tandem with our investment principles and will continue to do so.”
