http://www.unpri.org/
The United Nations-supported Principles for Responsible
Investment (PRI) 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 sustainability 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.
The Principles are voluntary and aspirational. They offer a
menu of possible actions for incorporating ESG issues into investment practices
across asset classes. Responsible investment is a process that must be tailored
to fit each organisation’s investment strategy, approach and resources. The
Principles are designed to be compatible with the investment styles of large,
diversified, institutional investors that operate within a traditional
fiduciary framework.
The PRI Initiative has quickly become the leading global
network for investors to publicly demonstrate their commitment to responsible
investment, to collaborate and learn with their peers about the financial and
investment implications of ESG issues, and to incorporate these factors into their
investment decision making and ownership practices.
If you have suggestions on the PRI work plan or strategy
that you would like us to hear about, you can email them to
suggestions@unpri.org. We will review your suggestions and respond accordingly.
http://www.unpri.org/about-pri/about-pri/
PRI fact sheet
Key achievements
Since its launch in 2006, the PRI Initiative has been
instrumental in raising awareness about responsible investment among the global
investment community, increasing the level of transparency around the
activities and capabilities of its signatories and fostering collaboration
between them, and supporting their engagements with companies and policymakers
on ESG issues.
Growth of RI: Assets under management by PRI signatories now
stands at more than $45 trillion, up from $4 trillion at the PRI’s launch in
2006.
RI Policy: 94% of signatories now have a responsible
investment policy in place, covering an increasing range of asset classes. Many
signatories publish these on their website.
ESG incorporation: Over half of the externally managed funds
of its asset owner signatories are subject to ESG integration. Forty percent of
these external assets are managed by investment manager signatories.
Collaboration: 90% of signatories have collaborated with one
or more other investors on RI-related topics.
Transparency: Nearly 550 signatories completed the 2011
reporting survey and 44% publicly disclosed their responses, up from 25% in
2009. All asset owner and investment
manager signatories will be required to complete the new PRI Reporting
Framework in 2013/14 and a subset of mandatory indicators will be published on
the PRI website for the first time.
Disclosure: 71% of signatories have asked companies to
integrate ESG information into their financial reporting.
Private equity: PRI provided guidance for private equity
companies on responsible investment. Today, it more than 150 private
equity-focused firms as signatories, including some of the world’s largest and
best known General Partners (GPs) and fund-of-funds.
Clearinghouse: Signatories engaged with more than 1,400
companies via the PRI Clearinghouse to encourage improvements in ESG disclosure
and performance.
Example engagements include:
Environment: 10 signatories formed a working group to
encourage sustainable palm oil production and 33 investors wrote to nearly 100
companies about their carbon emissions.
Social: Eight signatories are engaging with electronics
companies in emerging markets on their health and safety performance.
Governance: 21 investors are engaging 21 companies on
corruption and bribery risks.
Public policy: 28 signatories entered a dialogue with 30
stock exchanges to encourage enhanced ESG disclosure and performance among the
exchanges’ listed companies. A number of exchanges have responded positively
and dialogue is ongoing.
More information about these achievements can be found in
the PRI Initiative Annual Report.
Examples of ESG issues
Environment (E)
Examples of environmental issues include: biodiversity loss,
greenhouse gas (GHG) emissions, climate change impacts, renewable energy,
energy efficiency, resource depletion, chemical pollution, waste management,
depletion of fresh water, ocean acidification, stratospheric ozone depletion,
changes in land use, and nitrogen and phosphorus cycles.
Social (S)
Examples of social issues include: activities in conflict
zones, distribution of fair trade products, health and access to medicine,
workplace health safety and quality, HIV/AIDS, labour standards in the supply
chain, child labour, slavery, relations with local communities, human capital
management, employee relations, diversity, controversial weapons, and freedom
of association.
Governance (G)
Examples of governance issues include: executive benefits
and compensation, bribery and corruption, shareholder rights, business ethics,
board diversity, board structure, independent directors, risk management,
whistle-blowing schemes, stakeholder dialogue, lobbying, and disclosure. This
category may also include business strategy issues, both the implications of
business strategy for environmental and social issues, and how the strategy is
to be implemented.
Growth of the PRI Initiative
The graph above was generated from the data available in
this Excel spreadsheet, updated annually in April. No further AUM breakdowns by
asset class, country, region or signatory category is available.
http://www.unpri.org/news/pri-fact-sheet/
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