At its core, the framework seeks to answer one simple question: How do you govern and implement responsible investment? Reporting is and has always been compulsory for all asset owner and investment manager signatories (following a one-year grace period for new signatories; details on the timing and grace period are available on the reporting process page). The new framework introduces elements of mandatory public disclosure for a subset of the information that signatories report. A summary of requirements for the Reporting Framework can be found in the document Signatories process, requirements and outputs.
The framework consists of 12 modules. There are modules for direct and indirect implementation and these are tailored for each asset class. Both mandatory and voluntary indicators are included in each module. As a rule of thumb, it will only be mandatory to complete a module if you have more than 10% of your assets under management in that asset class. If you wish, you can also report on one or more voluntary modules. For more information, please see the A snapshot of the new PRI Reporting Framework.
Click a module in the chart below to download.
For PRI signatories, each module contains both mandatory and voluntary to report indicators. For the first time in 2013/14, the Reporting Framework requires mandatory public disclosure of some indicators, relating to core practices or activities. However, in addition, a certain amount of information is required to identify which indicators are relevant for a particular signatory, and some indicators also refer to advanced or uncommon practices. For this reason, there are three types of indicators in the Framework:
- Mandatory indicators [~44% of all indicators]: Mandatory to report, mandatory to disclose. These reflect core practices and capture the essence of your implementation of the Principles. Not all indicators that are mandatory to report are also mandatory to disclose (see below). Responses to mandatory to disclose indicators will be made public.
- Voluntary indicators [~46% of all indicators]: Voluntary to report, voluntary to disclose. These reflect alternative or advanced practices. Signatories can choose whether to complete these indicators and whether to make the responses public.
- Mandatory to report, voluntary to disclose [~10% of all indicators]: These indicators gather information about activities to enable comparison with peers or to act as “gateway” indicators to determine which modules and indicators are applicable to be completed later. They may request confidential or commercially sensitive information and are therefore voluntary to disclose.