Reporting process

Timeline 

For the next PRI reporting cycle, the reporting period will be open for a shorter period, from 5 January – 31 March (3 months). Shortening the reporting period allows us the time needed to act on feedback on the Reporting Framework and to meet the extraordinary global demand for one-on-one meetings to discuss Assessment Reports.

To help you adjust to the shorter reporting period, PRI has published an offline version of the reporting modules. We will also continue to provide pre-filled answers from your previous reports.

Reporting cycle and completion period

Signatories are given the flexibility to select their preferred reporting period. For example, some signatories choose to report following the calendar year.

One-year grace period

The PRI offers new signatories a one-year grace period to allow them to familiarise themselves with the reporting and assessment process.

Signatories that signed the PRI before 15th September 2014 will be required to report in the upcoming 2016 reporting cycle on a mandatory basis.

Signatories that signed the PRI after 15 September 2014 have the option to participate in the 2016 reporting cycle on a voluntary basis, with reporting mandatory during the 2017 reporting period. 

Signatories that sign the PRI before 4th December 2016 will have the option to participate in the 2017 reporting cycle on a voluntary basis, with reporting mandatory during the 2018 reporting period. 

The PRI encourages new signatories to report in their first year and use this process as a learning experience. Many signatories find this provides a foundation for future activity to support their implementation of the Principles. If signatories complete the Framework during their grace year, they can decide whether to publish their RI Transparency Report on the PRI website.

Sharing the PRI Reporting Framework with signatories

The PRI Reporting Framework is designed to be a common language for reporting on RI, with the ultimate goal of reducing the overall reporting burden from ours and other surveys.

A number of PRI signatories already run their own ESG surveys, for example, when undertaking due diligence for a fund of funds product as part of their ESG monitoring process. In 2015, the PRI and one such signatory, namely RobecoSAM Private Equity, launched a pilot to share the PRI’s reporting platform. It allows all responders to the signatory’s survey (including some non-PRI signatories) to report via the PRI’s online reporting tool, using the PRI’s reporting framework indicators.

Offering this platform-sharing service meets a number of PRI’s objectives: 

  • Embedding the language of the Reporting Framework. Through increasing use of the indicators, the language becomes more accepted and aligned across the industry. Thus the Reporting Framework helps drive dialogue between investors on ESG expectations and practices.
  • Reducing the reporting burden and encourage PRI reporting as the ‘hub’ for aligned RI reporting. This addresses a common view that there are too many surveys on ESG factors.
  • Reduces reporting duplication for signatories that report to other signatories.
  • Showcases the PRI reporting to non-signatories, demystifying the reporting experience.
  • Allows the PRI to offer a valuable additional extra service to signatories.
  • Adds value for signatories already completing the questionnaire.

Take part

The pilot has been a success and the PRI’s Board has approved the project’s continuation. We can now offer this service to other PRI signatories who would like to use PRI’s Reporting Framework to substitute or supplement their own ESG surveys. If you would like to learn more please e-mail reporting@unpri.org