The Principles for Responsible Investment (PRI) today announced that total signatory assets under management (AUM) grew to more than US$ 45 trillion by the end of April 2014. The number of signatories has also grown to more than 1,260 after a near record number of new signatories joined during the year.
According to PRI Managing Director, Fiona Reynolds, “the updated figures come after analysis of the most rigorous data set on global responsible investment activity ever collected by the PRI. The closure of the first reporting round under our new framework saw more than 800* investors disclose how they are implementing the PRI’s six Principles across their portfolios to help create a more sustainable financial system”.
The increase in AUM is attributable to a number of factors, including recent equity market performance, the addition of new signatories, and an enhanced system for calculating signatory holdings under the PRI’s new Reporting Framework. Between 2011 and 2013, the PRI reporting framework was redeveloped and conservative AUM estimates were made based on sample groups of the signatory base who participated in a voluntary reporting exercise.
Since April 2013, the UN-supported initiative has added more than 200 new signatories, including Harvard University Endowment (United States), Credit Suisse Private Banking & Wealth Management (Switzerland), Green Investment Bank (United Kingdom), Unilever Pension Fund (Netherlands), Greater Manchester Pension Fund (United Kingdom) and Morgan Stanley Investment Management (United States).
Associate Director, Communications and Events, PRI
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*Only investor signatories are required to report on their implementation of the Principles. Additionally, new investor signatories are not required to report on their activity in the first year.