2/25/2019 Company News

Tortoise Becomes Signatory to the United Nations’ Principles for Responsible Investment


LEAWOOD, Kan. – Feb. 25, 2019 – Tortoise today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI). The PRI initiative is recognized as the leading global network for investors and financial industry participants who are committed to integrating environmental, social and governance (ESG) considerations into their investment practices and ownership policies. PRI signatories collectively represent more than 2,000 institutions globally and US$80 trillion in assets under management.

“Tortoise recognizes the importance of responsible investment,” said Tortoise Chief Executive Officer, Kevin Birzer. “Our decision to join the PRI supports our objective to establish a framework of sustainable investment practices. This will further enhance our disciplined approach to deliver competitive returns for our clients seeking socially responsible investments.” 

“We are delighted to welcome Tortoise to the PRI,” said CEO Fiona Reynolds, “and we applaud their commitment to incorporating sustainability into the investment decision making process.  We look forward to working with them in the coming months.”

PRI’s six voluntary principles for responsible investing are:

  • We will incorporate ESG issues into investment analysis and decision-making processes.
  • We will be active owners and incorporate ESG issues into our ownership policies and practices.
  • We will seek appropriate disclosure on ESG issues by the entities in which we invest.
  • We will promote acceptance and implementation of the Principles within the investment industry.
  • We will work together to enhance our effectiveness in implementing the principles.
  • We will each report on our activities and progress towards implementing the principles.

To learn more about Tortoise’s commitment to making an impact, visit here.

About Tortoise

Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For additional information, please visit tortoiseadvisors.com

Safe harbor statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.  Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Contact information

Pam Kearney, Investor and Public Relations, (866) 362-9331, pkearney@tortoiseadvisors.com