THL Credit Advisors Announces Proprietary ESG Investment Framework
September 10 2019 - 7:00AM
THL Credit Advisors, LLC (“THL Credit” or the “Company”) today
announced that it has developed and begun utilizing a new
investment framework for assessing environmental, social, and
governance (“ESG”) factors in analyzing credit quality and risk
factors. THL Credit said the goal is to increase the consideration
of ESG factors and better understand their impact on the long-term
value and strength of its borrowers across the firm’s Tradable
Credit portfolio, which includes syndicated bank loans, high yield
debt, and CLO debt and equity, as well as its Direct Lending
portfolio.
“A global transition is now underway to finance
a more resilient, transparent and sustainable economy, and we want
to demonstrate leadership in responsible investing in the credit
management sector with our current products and future ESG
strategies,” said Chris Flynn, CEO of THL Credit, which manages
$16.8 billion of assets globally. “We believe our proprietary,
systematic approach to analyzing ESG related metrics provides a
valuable insight into an issuer’s credit profile.”
THL Credit’s ESG investment framework is based
on guidelines that are predominantly consistent with the United
Nations-backed Principles of Responsible Investment (“PRI”), the
world’s leading proponent of responsible investing. The
proprietary framework measures ESG metrics and comparable data sets
to evaluate a company’s ESG risks, trajectory and momentum.
These factors, in conjunction with THL Credit’s existing
fundamental credit and collateral scoring and rating system,
produce measurements and ratings grounded in engagement, robust
data sourcing and on-going diligence.
“Joining the PRI in September of 2018 was a
significant step in THL Credit’s ongoing integration of ESG factors
into our investment approach,” said Brian Good, Senior Managing
Director and Co-Head of the firm’s Tradable Credit team. “We
believe that being a signatory and integrating ESG considerations
has improved our investment process and provided a more
comprehensive framework for the firm’s portfolio managers and
credit analysts to consider potential risks that could affect the
performance of companies and issuers.”
“We are very pleased to welcome THL Credit
Advisors as a signatory to the PRI. The firm’s commitment to
integrating ESG factors in its investment process shows leadership
in responsible investing in the credit management sector, and we
look forward to working with the team,” commented PRI CEO Fiona
Reynolds.
For more detailed information on THL Credit’s approach to
Responsible Investment, please visit
www.thlcredit.com/responsible-investment.
About THL CreditTHL Credit is a
$16 billion alternative credit investment manager with strategies
invested in broadly syndicated investments and direct lending
through public and private vehicles, collateralized loan
obligations, separately managed accounts and commingled funds. THL
Credit maintains a variety of advisory and sub-advisory
relationships across its investment platforms, including THL
Credit, Inc. (Nasdaq: TCRD), a publicly traded business development
company, and THL Credit Senior Loan Fund (NYSE: TSLF), a
non-diversified, closed-end management investment company.
About the PRIThe UN-supported
Principles for Responsible Investment (PRI) is the world's leading
initiative on responsible investment. The six Principles for
Responsible Investment are a voluntary and aspirational set of
investment principles for incorporating environmental, social and
governance issues into investment practices. In implementing the
principles, signatories contribute to developing a more sustainable
global financial system. The principles have signatories including
asset owners, investment managers and service providers from over
50 countries. Visit www.unpri.org and
follow @PRI_News.
Forward-Looking
StatementsStatements included herein may constitute
“forward-looking statements”, which relate to future events or our
future performance or financial condition. These statements
are not guarantees of future performance, condition or results and
involve a number of risks and uncertainties. Actual results
may differ materially from those in the forward-looking statements
as a result of a number of factors, including those described from
time to time in our filings with the Securities and Exchange
Commission. THL Credit undertakes no duty to update any
forward-looking statements made herein.
Media Contact for THL Credit:Emily
MeringoloStanton(646) 502-3559emeringolo@stantonprm.com
Business Inquiries:Andrew ParkTHL Credit(212)
829-3126apark@thlcredit.com
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