LONDON, 27 September 2012 – The Principles for Responsible Investment Initiative (PRI) today announced the results of the annual election of the PRI Advisory Council, its chief governance body made up of elected representatives from every category of signatory and geographic region and permanent representatives from the United Nations.
Candidates from three asset owner signatories competed for two positions on the Council in this year’s election. Eric Wetlaufer, Senior Vice President of Public Market Investments at Canada Pension Plan Investment Board (CPPIB), was elected to the “Open” position. Daniel Simard, General Co-ordinator of Bâtirente, was re-elected to the position reserved for North America. David Atkin, Chief Executive Officer of CBUS, was also re-elected unopposed to the Oceania position.
The elections were administered independently by officials from the United Nations Global Compact in New York. Voting was open to all signatories in the asset owner category and over 40% of signatories in this category cast their vote.
Wolfgang Engshuber, PRI Advisory Council Chair, said: “Annual elections are at the heart of the PRI’s governance process and we are delighted with the results of this year’s election. North America is an important market for the Initiative and having these exceptional candidates on the Council will go a long way towards helping us realise our goals in the region.”
Eric Wetlaufer said: “It is a great privilege to join the Advisory Council as the PRI builds on its historical success and to help extend CPPIB’s longstanding support of its activities. The PRI is an invaluable resource to remain abreast of best practices in relation to responsible investment and participate on a global scale with other investors to improve performance on environmental, social and governance issues.”
Note to editors:
The 16-person PRI Advisory Council is made up of nine elected asset owner signatory representatives, four elected non-asset owner signatory representatives (investment managers and professional service partners), two UN representatives (from the UN Environment Programme Finance Initiative and the UN Global Compact), and an appointed Chair. It is representative of the PRI’s global signatory base, with reserved positions for each category of signatory and the geographic regions of Europe, North America, Latin America, Asia, Oceania and Africa and the Middle East. Each Council member serves for a term of three years, with a maximum of three consecutive terms.
Detailed biographies and photos for new and existing members of the PRI Advisory Council are available on the PRI website. Further background on the Initiative’s key governance bodies and processes can be found in Governing the PRI Initiative.
About the Principles for Responsible Investment
The United Nations-backed Principles for Responsible Investment Initiative (PRI) is a network of international investors working together to put the six Principles for Responsible Investment into practice. The Principles were devised by the investment community. They reflect the view that environmental, social and corporate governance (ESG) issues can affect the performance of investment portfolios and therefore must be given appropriate consideration by investors if they are to fulfil their fiduciary (or equivalent) duty. The Principles provide a voluntary framework by which all investors can incorporate ESG issues into their decision-making and ownership practices and so better align their objectives with those of society at large.