First Eagle Alternative Credit received ‘A’ grades from the UN Principles for Responsible Investment (PRI) for its overarching approach to ESG strategy and governance and for ESG integration across all modules relevant to its investment activities, including fixed income (corporate financial and corporate non-financial) for the year 2019. The firm has been a signatory to the PRI since 2018 and launched its proprietary ESG investment framework last year.

The annual report from the UN PRI assesses how signatories are progressing in incorporating ESG factors into their investment decisions. The assessment also provides feedback to signatories to support their ongoing development and reflects how firms promote ESG efforts internally and externally.

“We recognize the positive impact ESG factors can have when they are thoughtfully integrated into investment strategies and decisions,” Chris Flynn, president of First Eagle Alternative Credit, said. “We remain committed to incorporating ESG analysis into our investment decisions, and we are immensely proud of the progress we have achieved in our first full year as a PRI signatory.”

“The marks we received validate the hard work and rigorous approach our team applied over the past two years to developing and implementing our ESG philosophy, process and proprietary framework,” Brian Good, chief product strategist at First Eagle Alternative Credit, said. “We believe this holistic approach makes us better stewards of our investors’ capital and better partners for stakeholders globally.”

First Eagle Alternative Credit is an alternative credit investment manager with $21 billion of assets under management for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and commingled funds.