PRI Sets Strategic Vision
The Principles for Responsible Investment (PRI) announced the launch of its new three-year strategy, which is focused on increasing the accountability of its signatory base and driving ESG incorporation and outcomes-
In line with the evolution of responsible investment, as an organisation, the PRI has also come a long way. Starting with a small but dedicated group of signatories in 2006, we’ve grown to a diverse membership of nearly 4,000 global signatories representing more than half of the world’s institutionally managed funds.
Importantly, the new strategy maintains an inclusive approach; the PRI will remain a ‘big tent’ organisation at its heart, open to all potential signatories.
In remaining a ‘big tent’ organisation, increasing the accountability of our signatory base will be key to tackling risks of greenwashing. We will continue to move the needle on what it means to be a signatory, celebrating leadership and raising the bar both at the bottom and the top. We will strengthen our minimum requirements and complete the reform of the reporting and assessment framework, aiming to improve practice over time. This year we’re piloting the new reporting framework and are encouraging signatory feedback. This will be reviewed by the board, who will formally report back to signatories on the outcomes of the pilot review before the 2022 reporting period.