Calmwater Capital signs UN PRI

Calmwater Capital, a leading national direct real estate lender that has originated over USD2.7 billion in loans since 2010, has formalised its longstanding commitment to responsible investing by becoming a Signatory of the United Nations-supported Principles for Responsible Investment (PRI).

The PRI is the world’s leading proponent of responsible investment. It works with global policymakers and an international network to understand the investment implications of environmental, social and governance (ESG) factors. It encourages responsible investment as a means to enhance returns, better manage risks, and support the long-term interests of the environment and society as a whole.

“Calmwater Capital proudly places ESG considerations among our core principles when it comes to our investment decision-making and corporate practices. Becoming a PRI signatory allows us to publicly and transparently demonstrate this long-held commitment and confirms that our portfolio and business decisions are in line with the broader objectives of society,” says Larry Grantham, Calmwater Capital managing principal.

At a time of heightened global attention to climate change, social justice and corporate responsibility, becoming a signatory underscores Calmwater’s commitment to incorporating ESG factors into all investment and ownership decisions.

The PRI formation began in 2005 when United Nations Secretary-General Kofi Annan gathered the investment industry, intergovernmental organisations and civil society and tasked them with developing a set of Principles for Responsible Investment. The principles were launched in 2006 and provided signatories such as Calmwater with a menu of action items for incorporating ESG issues into investment practice.

Calmwater Capital completed the process of becoming a signatory in August.

“We are delighted to welcome Calmwater Capital to the PRI and applaud their commitment to the importance of ESG investing practices,” says PRI CEO Fiona Reynolds. “As a real estate lender, they clearly understand that ESG considerations can be incorporated into any asset class as a way to both manage risk and identify new business opportunities. We look forward to working with them in the coming months.”

Founded in 2010 with a single source of capital, Calmwater’s global investor base has grown to include state and international pension funds, top university endowments, ultra-high net worth individuals and family offices. The firm has originated 190 loans representing more than USD2.7 billion in loan commitments.