PRI financial information

Funding

The PRI Initiative is funded primarily via an annual membership fee payable by all signatories. Additional funding comes from grants from governments, foundations and international organisations. Corporate sponsorship is sought for standalone events such as the PRI’s annual event, PRI in Person, as well in-kind support from signatories and other generous contributors for specific events and projects. The PRI receives no funding from the United Nations.

Signatory fees 2015/16

The annual signatory fee is payable each April and is scaled according to each signatory’s category, type and asset under management. The PRI Advisory Council and Board approved the signatory fee levels for 2015/16 at its December 2014 meeting. These are outlined in the table below.

Asset Owner signatories

Investment Manager signatories

Service provider signatories

AUM
(US$ billions)
2015/16 fee
(£)
AUM
(US$ billions)
2015/16 fee
(£)
Employees 2015/16 fee
(£)
>50 7,720 >50 12,500 >200 7,720
30 – 50 7,720 30 – 50 11,000 51 – 200 5,850
10 – 30 7,720 10 – 30 10,000 26 – 50 2,700
5 – 9.99 5,850 5 – 9.99 7,000 11 – 25 780
1 – 4.99 2,700 1 – 4.99 4,000 <10 430
0.1 – 0.99 780 0.1 – 0.99 1,500
0 – 0.1 430 0 – 0.1 1,000

Please note that the annual signatory fee is non-refundable.   

Associated Entities

Stichting RI

Stichting RI was established in 2012 as an independent not-for-profit Dutch-registered charitable foundation. It has a legal and fiduciary Board that oversee its activities and its directors are appointed by a majority vote of the PRI Advisory Council. Its primary purpose is to attract grants from foundations or other organisations. Unlike PRI Association, which is classified as a membership organisation, Stichting RI exists for the public benefit and its work is aligned with the PRI’s mission, Principles and work streams such as the Academic Network. The Stichting website provides additional information.

Over 2013/14, its focus was to promote research on responsible investment and it contributed to the Academic Network conference Asia-Pacific Forum: Investing for sustainable long-term returns in the Aisa-Pacific Region, hosted by the PRI, National University of Singapore (NUS) and the Asia-Pacific Responsible Investment Forum in Singapore on 20 November 2013.

Many of the Stichting’s fund raising functions have now been assumed by PRI Association, which was granted tax free membership status in late 2012. The PRI Advisory Council and Board agreed at its December 2014 meeting to recommend to the Board of Stichting RI that the entity be dissolved.

 

PRI Enterprises

PRI Enterprises was incorporated in November 2013 as a subsidiary of the PRI Association. It was created to act as a vehicle for any future activity of PRI Association that may be commercial in nature. PRI Enterprises also houses the PRI Academy which was acquired in September 2014.