NEW YORK, November 29, 2017 – OppenheimerFunds, a leading global asset manager, announced that it has become a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

The United Nations-supported Principles for Responsible Investment are recognized as the world’s leading network of asset managers and financial market participants committed to incorporating sustainable investment practices across all aspects of the investment decision-making process.

Art Steinmetz, Chairman and CEO of OppenheimerFunds, stated, “Committing to the UN PRI further underscores our dedication to making sustainable investing practices a critical aspect of how we serve clients.”

“As responsible stewards of our clients’ capital, we are delighted to join the UN PRI for the framework it provides in making sustainable investing an even stronger core tenet for us,” said Sharon French, OppenheimerFunds Head of Beta Solutions.

In addition to serving as a signatory, OppenheimerFunds’s ESG offerings give investors a variety of distinct active and beta strategies that provide both focused and broad-based exposure to US domestic and global ESG investment opportunities to further meet client needs and preferences. For equity exposure, the firm’s ESG Revenue-Weighted ETFs focus on domestic large-cap and global large- and mid-cap equities with strong ESG practices.

In fixed income, OppenheimerFunds’ recent acquisition of SNW expanded the firm’s ESG product set into high-quality municipal bonds. The SNW Impact Overlay provides fixed income portfolios in a customized, low-cost and tax-efficient way with a focus on impact investing opportunities related to the environment, education, housing, healthcare, social improvement, energy efficiency and infrastructure improvements, among others.

The firm has also defined its ESG policy statement as:

Embarking as a responsible steward of investors' capital since 1959, OppenheimerFunds acknowledges that environmental, social, and governance (ESG) issues have the potential to impact investment risks and returns.  We recognize that considering these issues alongside traditional factors in investment decision-making may improve long-term risk-adjusted returns for our clients. Our consideration of ESG criteria is consistent with our investment philosophy, "The Right Way to Invest," and aligns with our four principles:  make global connections, look to the long term, take intelligent risks, and invest with experienced teams. ESG criteria are integrated to the extent they are material to our analysis of investment opportunities and will vary by country, industry, company, and portfolio management team.

About OppenheimerFunds

OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of October 31, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG offerings, and is a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.

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