Operating the right way
Most of the PRI’s impact is positive and happens indirectly via the work that we do to help our 2,000 signatories implement the Principles.
We have an impact on:
- our investor signatories – by encouraging them to be more transparent in their investment activities;
- companies – by improving their practices through investor engagements;
- markets – through ventures such as the Sustainable Stock Exchanges initiative.
Beyond these positive, indirect impacts, we recognise that our operating activities can have a negative direct impact, and we try to minimise these wherever possible.
The PRI has been certified as compliant with ISO 14001, the international standard for environmental management systems. As part of this certification, we will continue to monitor, manage and reduce our impact on the environment through transport, waste, consumption of natural resources, energy use and procurement.
We strive to make sure our events are as green as possible. For example, we acknowledge that PRI in Person has the potential to impact the environment and that it is our duty to proactively manage this. To counter this, we held PRI in Person in Berlin at a Green Globe certified venue, which was powered solely by renewable energy sources. We offset 1,322.72 tonnes of carbon to cover delegates’ transportation to and from the conference, as well as venue electricity; all catering during the event was vegetarian; and leftover food from the conference was delivered to homeless shelters in Berlin.
Our employees have the right to work in an environment of dignity and respect. We are accredited as a Living Wage Employer, whereby we ensure that our staff are paid a salary that will ensure a good standard of life.
We are also against unpaid internships and ensure that interns are paid a decent and fair salary.
We invest in the training and development of our staff, and have set up staff committees on employee engagement and human rights.
Good governance at the PRI includes annual signatory elections, term length limits for board directors, publishing board meeting attendance and compensation records and clear separation between the roles of the CEO and chair. The PRI has a board diversity policy in the belief that diversity contributes to high performance.
We are committed to ensuring a fair, transparent, cost-effective and accountable process in the purchasing and provision of goods and services to our signatories and other stakeholders. We have a procurement policy in place to provide direction to staff in relation to tendering, contracting and procurement activity. The policy aims to establish a framework that will, among other things, appropriately manage risk, ensure the efficient, effective and responsible use of resources, and deliver best value for money.
Our public communications policy ensures we advocate for the uptake of the six Principles and responsible investment, but that we don’t speak on behalf of our signatories.