Liberty Mutual joins U.N. responsible investment body

Liberty Mutual Insurance Group has become a signatory of the United Nations-supported Principles for Responsible Investment, the Boston-based insurer said in a statement Thursday.

The move is part of the organization’s ongoing commitment to environmental, social and governance progress, Liberty Mutual said.

The Principles for Responsible Investment is a global network of institutional investors who are committed to including environmental, social and governance factors into their investment practices and decision-making.

“We are joining the PRI in addressing some of the most pressing ESG issues facing the world today – from climate change to the barriers around a more sustainable financial system – leading to prosperous and inclusive societies for future generations,” Liberty Mutual Insurance Chief Investment Officer Neeti Bhalla Johnson said in a statement.

Last December, Liberty Mutual Insurance Group named the organization’s first chief sustainability officer, and said it would limit its underwriting and investment exposure to thermal coal.

“The insurance sector is playing an increasingly visible role in sustainable investing, and we hope other insurers in the U.S. will follow Liberty Mutual’s lead in its commitment,” Principles for Responsible Investment Chief Executive Officer Fiona Reynolds said in the statement.