Target Rock Advisors Becomes Signatory to the Principles of Responsible Investing (PRI)

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Target Rock Advisors, LLC has become a signatory to the Principles of Responsible Investing (PRI). PRI is a United Nations-backed network of international investors and related professional service entities that work collaboratively to forward the objectives of traditional and socially responsible investing.

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Target Rock Advisors, LLC (TRA) announced today that it has become a signatory to the Principles of Responsible Investing (PRI). PRI is a United Nations-backed network of international investors and related professional service entities that work collaboratively to forward the objectives of traditional and socially responsible investing.

“Target Rock Advisors believes strongly in the principles of sustainable and responsible investing and is proud to join the hundreds of other financial institutions, investment managers and asset owners across the globe who are already signatories to the PRI,” said Richard Rudden, chief executive at Target Rock. “We support the goal of PRI to help investors integrate the consideration of environmental, social and governance (ESG) issues into investment decision-making and ownership practices and thereby promote long term returns to beneficiaries.”

In the aggregate, PRI signatories represent over $32 trillion of assets under management by institutional and other investors, including pension funds, insurers, foundations and related asset managers. In general, signatories agree to incorporate ESG issues into investment analysis and decision-making as well as asset ownership policies and practices. They also agree to promote acceptance and implementation of the Principles and full-disclosure of ESG considerations.

“The bedrock of Target Rock’s philosophy is that sustainable and socially responsible investing within the U.S. utility sector- and elsewhere – is not only important from a societal perspective, but actually produces positive long term returns to investors. Sustainable planning and operations is also critical to improved operating efficiency and profitability for the companies that practice it, as well as enhanced brand value and improved regulatory relations,” stated Mr. Rudden. “We think the work that PRI does is essential to the future adoption of sustainable practices and we hope to benefit substantially from our new affiliation.”

For more information about PRI, see http://www.unpri.org.

About Target Rock

Target Rock is dedicated to the rigorous study and implementation of sustainability policies and practices within the utility and financial industries. The Company’s mission is to provide data, information, analytical systems and deep sector-specific technical expertise that identifies areas for improved performance and helps utility companies achieve their sustainability objectives with favorable social and economic outcomes. Through its partners and associates, Target Rock has over 250 years of combined experience in sustainability and executive leadership, equities and fixed income analysis, financial management, statistics and econometrics, regulatory policy analysis and management consulting.

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Kyle Rudden

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