BIBD AM committed to responsible investing

BIBD Asset Management (BIBD AM) was recently recognised as a signatory of the United Nations Principles of Responsible Investing (UN PRI), a first for the country. The UN PRI is the world’s leading standard on responsible investments. It is an UN-supported initiative that works to promote the incorporation of environmental, social and corporate governance (ESG) factors into investment decision-making.

Signing the Principles for Responsible Investment allows BIBD AM to publicly demonstrate its commitment to socially responsible investing and positions us at the heart of a global community that seeks to build a more sustainable financial system.

As of June this year, the UN PRI has over 4,000 signatories since its launch in 2006, including leading asset managers such as Blackrock, PIMCO and UBS. 1

Alhamdulillah, we are pleased to be able to achieve this first step in our ESG journey. Becoming the UN PRI signatory was one of our immediate goals set out for 2021 as we aim to become the domestic champion for ESG and socially responsible investing in Brunei, which aligns with the principles of Maqasid Syariah that we have been practicing for a long time now,” BIBD Securities Managing Director Haji Muhammad Yazid bin Dato Paduka Haji Mahadi said.

He said, “The initiative is part of the BIBD Group’s commitment to support the UN Sustainable Development Goals (UN SDGs), as we engage societies and the financial system to grow in a more valuable and sustainable way.

“Such approach will benefit the society and environment as a whole. We are blessed to be guided and to have the support of the whole BIBD Group but at the same time we also want to acknowledge the tireless works put in by our strong team and local talents at BIBD Asset Management.

Haji Muhammad Yazid also said, “BIBD AM is one of the few signatories to the UNPRI among the Syariah-compliant investment managers in the region to date. We have plans to introduce more investment solutions that are centred around sustainability, and this milestone would further help us to strengthen our efforts going forward.”

BIBD AM, Brunei’s first full-fledged Syariah asset manager, provides Islamic global investment solutions through our in-house, local expertise and our strategic partnerships with global investment firms, he said.