-- Signature Underscores the Firm's Commitment to Sustainability & ESG Considerations --
Boulder, Colorado – November 14, 2019 – CRG, a premier healthcare-focused investment firm, today announced that it has signed the United Nations-supported Principles for Responsible Investment (PRI). The PRI is recognized as the leading global network for institutional asset owners and investors who have committed to integrating environmental, social, and governance (ESG) considerations into their investment decisions.
CRG believes that balancing ESG issues with financial priorities is fundamental to sound risk management and a core part of corporate responsibility. CRG has incorporated ESG principles into the firm’s investment process and will continue to encourage transparent corporate disclosures, sustainable business practices through investment selection, and ongoing interaction with portfolio companies.
Nate Hukill, Managing Partner of CRG stated, “As healthcare investing specialists focused on providing flexible growth capital solutions to commercial-stage companies, we take great pride in ensuring that our portfolio companies make a positive impact on society. In fact, this is often a prerequisite in order for these companies to develop a viable go-to-market commercial strategy and to perform well in the current reimbursement environment.”
Luke Düster, Partner at CRG added, “We spend considerable time looking to find companies that improve patient outcomes, reduce costs, or expand access to care. In the end, this focus allows us to deliver better financial outcomes for our institutional partners.”
"We welcome CRG's recognition that incorporating ESG factors can enhance the investment process," said PRI CEO Fiona Reynolds. "This long-term, sustainable approach to healthcare investing will help ensure that CRG continues to deliver stable returns to their clients."
About the Principles for Responsible Investment (PRI)
The United Nations-supported Principles for Responsible Investment initiative is an international network of investors working together to put the six principles for responsible investment into practice. Its goal is to understand the implications of ESG issues for investors and support signatories to incorporate these issues into their investment decision making and ownership practices. In implementing the principles, signatories contribute to the development of a more sustainable global financial system. Visit unpri.org.
CRG is a premier healthcare investment firm with nearly $4 billion of assets under management. The firm seeks to invest between $20 to $300 million in companies across the healthcare spectrum, including medical devices, biopharmaceuticals, tools & diagnostics, services and information technology. CRG provides growth capital in the form of long-term debt and equity to support innovative, commercial-stage healthcare companies that address large, unmet medical needs. The firm partners with public and private companies to provide flexible financing solutions and world-class support to achieve exceptional growth objectives with minimal dilution. CRG maintains offices in Boulder, New York, Houston and Dorado. For more information, please visit www.crglp.com.
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