PRI contributes to new handbook on responsible investment in Germany
FRANKFURT, 11 March 2013
The Principles for Responsible Investment (PRI) Initiative today welcomed the publication of the PRI Leitfaden, a handbook on responsible and sustainable investment in Germany, by the German Ministry of the Environment.
The handbook, which was developed with support from PricewaterhouseCoopers (PwC), features interviews with several PRI signatories in Germany who share their experiences implementing responsible investment and provide recommendations to other institutions considering becoming signatories about how to successfully implement the six Principles.
Minister Altmaier, Federal Minister for the Environment, Nature Conservation and Nuclear Safety, said: “I am absolutely convinced that also in the financial sector the trend of society towards responsible, sustainable action will succeed. The area of exclusive focus on short term highest return should be given the experience from the last years especially from a risk perspective definitely finally ended. Therefore I hope, that in Germany the PRI as a non- mandatory commitment will be even more forceful.”
“With nearly 40 signatories, the German network is one of the PRI’s most active and influential,” said Wolfgang Engshuber, PRI Chair. “It has played a pivotal role in raising awareness of the implications of ESG issues for German investors, and this Leitfaden will be a valuable resource for any investor seeking to understand why responsible investment in relevant to them. By integrating ESG issues into their investment processes, engaging with companies and supporting projects with positive social and environmental impacts, PRI signatories in Germany are directly contributing to the development of a more sustainable financial system.”
About the PRI German Network
The PRI German network was launched in 2010 and its signatories are currently focusing on ESG integration, fixed income and best practices in infrastructure investing and inclusive finance. It has participated in the Long Term Investors Club (LTIC) and Rat füer Nachhaltige Entwicklung, and provided input into the development of the Nachhaltigkeitskodex integrated reporting code in Germany, which was adopted by the German Government in 2011. The network works closely with the German network of the UN Global Compact and engages with investors in other German-speaking countries such as Switzerland and Austria to raise awareness of responsible investment.