ACCOUNTABILITY

The increased accountability of the PRI is one of our focus areas in the next ten-year blueprint. 

The PRI’s consultation paper in December 2015 returned strong signatory support for using Reporting & Assessment data to increase peer-review and publicly differentiate signatories at different stages of RI implementation, to provide additional transparency and give a clearer picture of responsible investment trends.

The PRI’s proposed action plans are below:  

Delist signatories who do not make sufficient progress in implementing the principles to meet a basic criteria of being a signatory, as defined by PRI.      

Most signatories responding to the consultation were in favour of PRI delisting signatories that do not fulfil a basic criteria of being a PRI signatory.

PRI will deliver a methodology to identify signatories failing to make progress in implementing the 6 Principles. For those placed on a watchlist, engagement will be key, with a commitment to delist those that fail to demonstrate progress over a 2-3 year period.

Odoo CMS - a big picture

  • PRI will develop the basic criteria with input from the R&A Advisory Committee, Stakeholder Engagement Committee and the Board. 
  • All signatories can input through a public consultation that will finish during a workshop at PRI in Person in September 2017.  
  • Once the methodology is finalised and made public in 2018, a confidential list of signatories will be compiled from the 2018 reporting data and those that fall into it privately notified.
  • The PRI will engage with these signatories through a structured support plan to facilitate them making the required progress to meet the basic criteria.
  • Delisting would be the final measure if a signatory fails to meet the minimum requirements in the given period (likely to be 2 – 3 years) and following an impartial review of circumstances.

RECOGNISE LEADERSHIP

Most signatories responding to the consultation were in favour of PRI differentiating signatories that demonstrate leadership in implementing the 6 Principles.

PRI will develop a methodology to identify leading signatories and publicly recognise them accordingly.

  • PRI will develop the methodology for identifying leadership with input from the R&A Advisory Committee, Stakeholder Engagement Committee and the Board. 
  • All signatories can input through the public consultation before the Methodology is made public in 2018.
  • The leadership report will highlight, and share, good practices being carried out by different types of Signatories.
Odoo CMS - a big picture
  • PRI will develop the methodology for identifying leadership with input from the R&A Advisory Committee, Stakeholder Engagement Committee and the Board. 
  • All signatories can input through the public consultation before the Methodology is made public in 2018.
  • The leadership report will highlight, and share, good practices being carried out by different types of Signatories.