The logo of IMM Investment

IMM Investment has joined the United Nations Principles for Responsible Investment (UN PRI), the private equity fund (PEF) said Friday.

Established in 2006, the UN PRI is a U.N.-supported international network for financial institutes. Its goal is to achieve a more sustainable global financial system. IMM Investment already completed the membership process last month.

The domestic PEF said the move is to demonstrate its commitment to sustainable investment and environmental, social and corporate governance (ESG) values.

"Our recent membership in the UN PRI reflects our commitment to fulfilling our responsibility and obligation in sustainable investment," an IMM Investment official said. "We will continue carrying out our social and environmental roles as a responsible member of the community."

As of now, about 5,300 signatories across the globe representing approximately $121 trillion have so far signed up to the UN PRI.

In 2022, IMM Investment also introduced the Korea Stewardship Code to more responsibly fulfill its duty as a fund trustee. The code suggests seven principles and guidelines that institutional investors should implement to fulfill their fiduciary duties.

The PEF said it has since disclosed its investment policies transparently to strengthen the confidence of its investors.