TAIPEI, and HONG KONG, Jan. 12 /PRNewswire-Asia/ -- China Development Industrial Bank (CDIB), one of the largest and leading merchant banks and private equity investors in Asia, today announced it has adopted the United Nations' Principles for Responsible Investment (PRI), becoming the first Taiwanese bank, and one of a handful of private equity investors, to adopt the Principles. CDIB has also been appointed to a member of the PRI's private equity steering committee.
Launched in 2006, the Principles are a set of global investment best practices that incorporate environmental, social and governance criteria into investment decision making with the objective of directly influencing companies to improve performance in these areas.
As part of its commitment to the Principles, CDIB will, in the course of its examination of a potential investment, consider the ethical, social and environmental integrity of the target investment.
"CDIB has a long-standing commitment to ensuring the highest standards of corporate governance within our portfolio companies and among our GPs. It is with this understanding and track record that we further commit to considering the UN's Principles for Responsible Investing in the course of our examination, alongside traditional financial measures, of a potential investment," said CDIB's President, Simon Dzeng. "More and more, as active investors in multiple emerging and developing markets, we recognize the need to more thoroughly consider the environmental integrity and social and corporate governance impact of our investments."
About CDIB
Established by the Taiwanese government in 1959 to promote the private sector, CDIB is a subsidiary of CDFH (one of the 15 financial holding companies in Taiwan) and among the largest merchant banking groups in Asia with offices in Taiwan, Hong Kong, Mainland China, South Korea, and the United States. The central theme of CDIB's investment objective is to achieve attractive long-term capital appreciation from a diversified portfolio of equity and equity-linked transactions primarily in the private and public middle-market businesses exhibiting strong fundamentals and excellent growth prospects. We express our investment views through a combination of investing in professionally managed private equity funds and in individual companies in Greater China, India, Australia, South Korea, and the United States. Further information is available at http://www.cdibh.com , http://www.cdibank.com and http://www.cdibcapital.com .
About the UN Principles for Responsible Investment
The Principles for Responsible Investment Initiative, convened by UNEP Finance Initiative and the UN Global Compact, was established as a framework to help investors achieve better long-term investment returns and sustainable markets through better analysis of environmental, social and governance issues in investment process and the exercise of responsible ownership practices. The Principles themselves, a full list of signatories and more information can be found at http://www.unpri.org .
