ABOUT THE PRI
WHAT IS THE PRI?
The PRI is the world's leading proponent of responsible investment.
It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.
The PRI is truly independent. It encourages investors to use responsible investment to enhance returns and better manage risks, but does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations.
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WHAT ARE THE SIX PRINCIPLES FOR RESPONSIBLE INVESTMENT?
The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.
The Principles were developed by investors, for investors. In implementing them, signatories contribute to developing a more sustainable global financial system. They have nearly 1,700 signatories, from over 50 countries, representing US$62 trillion.
We will incorporate ESG issues into investment analysis and decision-making processes.
We will be active owners and incorporate ESG issues into our ownership policies and practices.
We will seek appropriate disclosure on ESG issues by the entities in which we invest.
We will promote acceptance and implementation of the Principles within the investment industry.
We will work together to enhance our effectiveness in implementing the Principles.
We will each report on our activities and progress towards implementing the Principles.
For more details, see the Six Principles page.
WHAT IS THE PRI’S MISSION?
"We believe that an economically efficient, sustainable global financial system is a necessity for long-term value creation. Such a system will reward long-term, responsible investment and benefit the environment and society as a whole.
The PRI will work to achieve this sustainable global financial system by encouraging adoption of the Principles and collaboration on their implementation; by fostering good governance, integrity and accountability; and by addressing obstacles to a sustainable financial system that lie within market practices, structures and regulation."
HOW DID THE PRI START?
In early 2005, the then United Nations Secretary-General Kofi Annan invited a group of the world’s largest institutional investors to join a process to develop the Principles for Responsible Investment. A 20-person investor group drawn from institutions in 12 countries was supported by a 70-person group of experts from the investment industry, intergovernmental organisations and civil society.
The Principles were launched in April 2006 at the New York Stock Exchange. Since then the number of signatories has grown from 100 to over 1,600.
*Denotes drafting signatory
- ABN AMRO Asset Management
- Stichting Pensioenfonds ABP*
- Amalgamated Bank
- Aviva Investors
- Bank Sarasin & Co. Ltd
- BC Investment Management Corporation
- BNP Paribas Asset Management
- BT Pension Scheme*
- Caisse de dépôt et placement du Québec
- Caisse des dépôts et consignations – CDC*
- Calvert Group
- Canada Pension Plan Investment Board*
- Catholic Superannuation Fund
- Christian Super
- CIA (Caisse de Prevoyance du Canton de Geneve)
- Comité syndical national de retraite Bâtirente
- Connecticut Retirement Plans and Trust Funds (CRPTF)*
- Crédit Agricole Asset Management Group
- Daiwa Asset Management Co. Ltd
- Dexia Asset Management
- Domini Social Investments
- Etablissement du Régime Additionnel de la Fonction Publique – ERAFP
- F&C Asset Management
- Fonds de réserve pour les retraites – FRR*
- FTSE Group
- Wespath Investment Management (General Board of Pension and Health Benefits United Methodist Church)*
- Generation Investment Management LLP
- GES Investment Services
- Government Employees Pension Fund of South Africa
- Government Pension Fund of Thailand*
- Groupama Asset Management
- Henderson Global Investors
- Hermes Pensions Management*
- Insight Investment
- International Finance Corporation*
- Macif Gestion
- Mennonite Mutual Aid
- Mercer Investment Consulting
- Mitsubishi UFJ Trust and Banking Corporation
- Munich Reinsurance AG*
- Nathan Cummings Foundation
- National Pensions Reserve Fund of Ireland
- New York City Employees Retirement System*
- New York State Local Retirement System
- New Zealand Superannuation Fund
- Norwegian Government Pension Fund*
- onValues Ltd.
- Pensionfund Metalektro (PME)
- PGGM Investments*
- Portfolio Partners Limited
- Public Sector Superannuation Scheme*
- Sumitomo Trust
- TIAA – CREF*
- Teachers’ Retirement System of the City of New York
- Threadneedle Asset Management Ltd
- United Nations Joint Staff Pension Fund*
- Universities Superannuation Scheme – USS*
The PRI has grown consistently since it began in 2006:
The graph above was generated from the data available in this Excel spreadsheet, updated annually in April. No further AUM breakdowns by asset class, country, region or signatory category is available.
- Total AUM include reported AUM and AUM of new signatories provided in sign-up sheet that signed up by end of April of that year.
- Total AUM for the past three years exclude double counting resulting from subsidiaries of PRI signatories also reporting and external assets managed by PRI signatories. AUM for previous years include some element of double counting.
- Asset Owners' AUM for 2006 and 2014-2016 are based on reported information. AO AUM for 2007-2013 are estimates calculated using 2014 AO AUM data, growth rates for 2007-2013 from the OECD pension market focus report from 2015, and signing dates of signatories to the PRI.
- Asset Owners AUM for 2013-2016 include internally and externally managed assets.
WHAT IS THE PRI’S RELATIONSHIP WITH THE UNITED NATIONS?
The United Nations (UN) has been supporting the Principles for Responsible Investment ever since their launch. The PRI has two UN partners - UN Environment Programme Finance Initiative and UN Global Compact - which play an important role in delivering the PRI’s strategy, including by holding a seat each on the PRI Board, and provide additional avenues for signatories to learn, collaborate and take action towards responsible investment.
More information on the PRI’s UN partners is available here.
HOW IS THE PRI FUNDED?
The PRI is funded primarily via an annual membership fee payable by all signatories. Additional funding comes from grants from governments, foundations and other international organisations. Corporate sponsorship and in-kind support is sought for standalone events and projects such as the annual PRI in Person conference and major publications/projects.
The PRI’s full financial details are available in each year’s Annual Report.