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ESG REPORT | 2020 – 2021

Progress, Together

At New York Life Investments, ESG investing means balancing potential with principles. Companies that operate responsibly and act as good corporate citizens have the potential to deliver competitive returns over the long term. Investing in these companies can help strengthen the financial health of our clients and stakeholders while also supporting a more sustainable future.

A New Era in
Investment Management

While ESG rules and standards continue to develop, we are moving forward by engaging with our clients, issuers, and peers to identify risks, collaborate on solutions, and share new learnings and best practices. Our multi-boutique model has empowered us to exchange perspectives and insights on a global scale, and it’s empowering New York Life Investments1 to continue its goal to be an industry leader in ESG and help move toward a more sustainable future.

Anthony Malloy


Executive Vice President & Chief Investment Officer
New York Life Insurance Company

Yie-Hsin Hung


Chief Executive Officer
New York Life Investment Management2

By sharing our progress, we hope to inspire more action, conversation, and collaboration among organizations and individuals around the world.

Our commitment to ESG investing is rooted in a set of foundational beliefs. These beliefs connect our values to our processes and underpin the ways in which we invest, help build up our communities, and conduct business on behalf of our clients.


We believe it’s our responsibility to consider material ESG factors as we make investment decisions.

At New York Life Investments, we believe that an ESG approach that considers multiple stakeholder perspectives can help guard against risks that can’t be fully evaluated using traditional financial measures alone. When ESG considerations most relevant to the asset class, sector and strategy being managed inform our process, it can help mitigate risks. It may also help our clients generate sustainable, long-term returns — all while working to create a better future for our communities and the planet.

“ESG is a priority at New York Life Investments and has been growing in scope and importance. We are committed to work together across our boutique family — each of us at a different stage of our ESG journey — to drive progress and learn from one another.”


Eunie Popp
Managing Director
Head of U.S. Sustainable Investing, NYLIM

For companies around the world, the pandemic has proven to be a powerful call to action on ESG issues. It brought new challenges to the forefront and pushed companies to not just focus on their shareholders but widen their aperture to include all stakeholders. At New York Life Investments, we’re encouraged to see this broadened viewpoint. It further supports our conviction that ESG is more than an acronym — it is an outlook. Investing in companies that are good corporate citizens ultimately can help build a stronger society.


We believe collective climate action is an investment in future generations.

Our current times present both challenges and opportunities. Take the climate: A report by Deloitte indicates that inaction on climate change could cost the world’s economy $178 trillion in net present value terms by 2070. Yet the same report also revealed that the world’s economy could gain $43 trillion in net present value terms over the next 50 years if it accelerates toward a path of low-emissions growth.3

4,940,000 square meters

of mangroves restored

Reforestation in Senegal

Candriam, New York Life Investments’ global, multi-specialist asset manager, sets aside 10% of net fees from several of its sustainable and thematic strategies to finance philanthropic programs through the Candriam Institute for Sustainable Development (the Institute). In 2021, donations amounted to €2.9 million. Through the Institute, Candriam partnered with WeForest, a nonprofit organization which works towards the reforestation of degraded land in primarily tropical regions. WeForest deploys best practices that relate to landscape restoration, poverty alleviation, and social justice. From 2018 through 2021, Candriam’s financial backing directly contributed to the restoration of 4,940,000 square meters of mangroves along the Casamance River in southern Senegal.4


We believe investing in people and communities will fuel innovation, progress, and growth.

Investment management is a people-first business. The decisions we make affect our clients and employees and have the power to transform the communities in which we conduct business and invest around the globe.

Supporting Local Farmers

 

“The HAFA Farm is such an audacious project because it provides Hmong farmers access to land tenures.”


Janssen Hang
Co-Founder & Executive Director of HAFA

Click on the fund name link which includes the prospectus, investment objectives, performance, risk, and other important information. Visit newyorklifeinvestments.com/etf for more complete information.

Advancing and Advocating the Principles for Responsible Investment

The United Nations Principles for Responsible Investment (PRI) is an international organization that works to promote the incorporation of environmental, social, and corporate governance factors into investment decision-making. Every business across the New York Life Investments family is a signatory of the six Principles for Responsible Investment.

A History of Commitment 
Every New York Life Investments business is a PRI Signatory:

Candriam

signed
June 2006

Kartesia

signed
May 2014

Ausbil

signed
February 2016

MacKay Shields

signed
August 2016

IndexIQ

signed
October 2019

New York Life Investment Management LLC

signed
November 2019

NYL Investors

signed
May 2020

NYL Investors

signed
May 2020

Tristan Capital Partners

signed
December 2021

Apogem Capital6

signed
May 2022

Read more in the 2020-2021 ESG Report