The Stichting RI is a charitable target for fundraising, for projects or activities that are for the public benefit / general good and aligned with the Principles for Responsible Investment (PRI) mission and Principles1.
The Stichting RI’s standing as a charity and charity tax status was achieved by setting out a provisional work programme centred on education around responsible investment. It is a formally independent organisation and the job of the directors is to ensure that the Stichting RI fulfils its charitable objects.
The PRI Association (PRIA), that houses the PRI Initiative, is a company limited by guarantee (a not for profit) under UK law that exists for the benefit of signatories. The PRIA is not a charity, unlike the Stichting RI, and both have tax free status for different reasons.
The aims of the Stichting RI, as set out in the Articles, are to:
- Advance education of the public by promoting and assisting in the promotion of knowledge understanding, appreciation and consideration of environmental social and corporate responsibility issues including the research of such issues and the publication of the useful results thereof,
- Promote environmental social and corporate responsibility in the investment ownership and management communities worldwide,
- Advance citizenship and community development through the promotion of knowledge, understanding, appreciation and consideration of human rights, discrimination, environmental, social and corporate responsibility issues.
The focus of the Stichting RI is to promote academic research into responsible investment and ESG and promote the understanding, appreciation and consideration of that academic research. This work is aligned with PRI work streams such as the academic network; the Principles themselves, namely the use of that research to further Principle 1 and 2; and the wider societal impact aim of the PRI, as stated in the preamble to the Principles:
As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time). We also recognise that applying these Principles may better align investors with broader objectives of society.
An example of a recent event that the Stichting RI contributed towards was the Asia-Pacific Forum: Investing for sustainable and long-term returns in the Asia- Pacific region, put together by the PRI, National University of Singapore and the Asia Pacific Responsible Investment Forum on 20 November 2013. The aim of the event was to bring academics and practitioners together to showcase some of the latest research on responsible investment.
For more information see the Stichting RI website.
Stichting RI was established in 2012 as an independent not-for-profit Dutch-registered foundation.
- The Stichting RI has a legal and fiduciary Board that oversees the activities of the Stichting RI.
- The Board comprises at least three, with a maximum of eleven, directors. Five is the ideal number of directors.
- Directors meet in person once a year, this meeting is always planned to coincide with the annual PRI in Person conference, and by teleconference at least twice a year.
- Once in every 12 month period, one third of the Directors come to the end of their terms in office and are eligible for reappointment by the PRI Advisory Council.
- Stichting RI Board directors are appointed by a majority vote of the PRI Advisory Council.
The PRI Nominations Committee is responsible for identifying and nominating for the approval of the PRI Advisory Council candidates to fill Stichting RI board positions when they arise; reviewing the structure, size and composition of the Stichting RI Board; and succession planning.
|Glen Saunders||Appointed||End of term|
|Marcel Jeucken (Chair)||Appointed||End of term|
|David Russell||Appointed||End of term|
|Zaiga Strautmane||Appointed||End of term|
1 Principle 1: We will incorporate ESG issues into investment analysis and decision-making processes.
Principle 2: We will be active owners and incorporate ESG issues into our ownership policies and practices.
Principle 3: We will seek appropriate disclosure on ESG issues by the entities in which we invest.
Principle 4: We will promote acceptance and implementation of the Principles within the investment industry.
Principle 5: We will work together to enhance our effectiveness in implementing the Principles.
Principle 6: We will each report on our activities and progress towards implementing the Principles.