Berkshire launches socially responsible investment portfolios

BOSTON, December 8, 2021 / PRNewswire / – Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a socially responsible bank dedicated to the community with branches in New England and new York, announced the launch of a new line of investment solutions designed to help people from all walks of life align their investments with positive environmental and social outcomes. Offered by Berkshire Wealth Management, these new Socially Responsible Investment (SRI) portfolios further strengthen Berkshire commitment to environmental, social and governance (ESG) factors that demonstrate the sustainability, impact and ethical nature of his business as part of his BEST Community Comeback.

Berkshire has built its SRI portfolios to include mission-aligned companies with a strong track record in ESG metrics and strong core attributes that positively contribute to the long-term sustainability of communities, making them ideally suited for individual, institutional and corporate clients. non-profit. In alignment with Berkshire Commitment to social responsibility, Berkshire Wealth Management does not require a minimum amount of assets, which is differentiated in the industry.

“We believe where you invest matters,” said Catherine hersey, CFA, Berkshire Director of wealth management and director of investments. “This suite of sustainable portfolios enables investors to take an active approach to investing in companies committed to advancing environmental and social progress, which in turn leads to more capital directed to these companies and a positive drive in our communities. Delivering investment solutions that contribute to the long-term health of our communities is deeply aligned with our vision to be the leading socially responsible community bank in the markets we serve. ”

Fueled by increased interest in institutional and individual investors, socially responsible investing is experiencing record growth with global assets increasing by 42% between 2018-2020.1 Berkshire SRI portfolios are built to maximize impact through an in-depth due diligence process that draws on multiple ESG data aggregators, as well as proprietary research and business engagement, in line with Berkshire own responsible and sustainable corporate policy. This addresses the challenges of accurately measuring the impact of a portfolio and ensuring that holdings match investor goals.

“We believe that by incorporating ESG factors into our research process, we are able to identify issues that impact long-term stock performance,” added Hersey. “Organizations that more effectively manage and mitigate these global risks can generate positive, sustainable returns and long-term outperformance, which ultimately benefits our customers, communities and the world. ”

Berkshire Wealth Management provides goal-oriented investment management, financial planning and wealth management solutions with an approach focused on supporting client relationships with a focus on wellness, financial health , the community and sustainable and responsible investment. The team recently added key positions within the group to help strengthen the new range of socially and environmentally responsible investment solutions and improve financial planning and educational offerings.

IN REGARDS TO BERKSHIRE BANCORP HILLS
Berkshire Hills Bancorp is the parent company of Berkshire Bank, which is transforming what its neighbors bank means socially, humanly and digitally to strengthen the financial potential of individuals, families and businesses in its communities as it pursues its vision of ” be the socially responsible omnichannel community bank leader in the markets it serves. Berkshire Bank provides business and personal banking, mortgages, wealth management and investment services.

Based at Boston, Berkshire around $ 11.8 billion in assets and operates 106 branches in New England and new York, and is a member of the Bloomberg Gender-Equality Index. To find out more, call 800-773-5601 or follow us on Facebook, Twitter, Instagram and LinkedIn.

FORWARD-LOOKING STATEMENTS
This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these statements using the words “may”, “will”, “should”, “could”, “would”, “plan”, “potential”, “estimate”, “plan”, “believe,” “” intend “,” anticipate “,” expect “,” target “and similar expressions. There are many factors that could cause actual results to differ materially from the expectations described in forward-looking statements. a discussion of these factors, please see Berkshire the most recent reports on Forms 10-K and 10-Q filed with the Securities and Exchange Commission and available on the SEC’s website at www.sec.gov. Therefore, you should not place undue reliance on forward-looking statements, which reflect our expectations only as of the date of this document. Berkshire undertakes no obligation to update any forward-looking statements.

MEDIA CONTACT
Alison skratt, responsible for the communication
E-mail: [email protected]

INVESTOR RELATIONS CONTACTS
Kevin conn, SVP, Investor Relations and Corporate Development
E-mail: [email protected]
Phone. : (617) 641-9206

David Gonci, Director of Capital Markets
E-mail: [email protected]
Phone. : (413) 281-1973

1 US SIF Trends Report 2020 Executive Summary

SOURCE Berkshire Hills Bancorp, Inc.

Related links

http://www.berkshirebank.com