The United Nations has been supporting the Principles for Responsible Investment (PRI) since its inception.
In early 2005, former United Nations Secretary-General Kofi Annan invited a group of the world’s largest institutional investors to join a process to establish the Principles for Responsible Investment. Developed with the contributions of a multi-stakeholder group including the global investment industry, intergovernmental organisations, civil society and academia, the PRI today remains an investor-led coalition in partnership with the United Nations Environmental Programme Finance Initiative (UNEP FI) and the United Nations Global Compact (UNGC).
The UN partners play an important role in delivering the PRI’s strategy, providing signatories with additional avenues to learn, collaborate and take action towards responsible investment. The PRI receives no funding from the United Nations however Executive Directors from both UNEP FI and the UNGC are permanent members of the PRI Advisory Council, overseeing the initiative’s strategy, governance and implementation plan. Two members of staff also work with the PRI on a daily basis to deliver joint areas of work. A full list of collaborative projects is published each year in the PRI’s Annual Report.
UNEP FI is a unique partnership between the United Nations Environment Programme (UNEP) and the global financial sector. UNEP FI works closely with over 200 financial institutions that are signatories to the UNEP FI Statement on Sustainable Development, and a range of partner organisations, to develop and promote linkages between sustainability and financial performance. Through peer-to-peer networks, research and training, UNEP FI carries out its mission to identify, promote, and realise the adoption of best environmental and sustainability practice at all levels of financial institution operations.
More information on the UNEP FI can be found at www.unepfi.org
Launched in 2000, the United Nations Global Compact is both a policy platform and practical framework for companies that are committed to sustainability and responsible business practices.As a multi-stakeholder leadership initiative, it seeks to align business operations and strategies with ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption, and to catalyse actions in support of broader UN goals. With 7,000 corporate signatories in 135 countries, it is the world’s largest voluntary corporate sustainability initiative.
More information on the UN Global Compact can be found at www.unglobalcompact.org