As a signatory-based organisation, the PRI encourages all signatories to participate actively in its governance and strategic direction, and provide feedback on strategically important matters via formal consultations.
The PRI’s Articles of Association require the PRI to formally consult with signatories before the adoption of: its three-year strategic plan, making material changes to its governance structure, the Objects and/or Mission, the Principles or the signatory fee structure.
For each consultation, the PRI will publish a consultation document, allow a consultation period of at least a four weeks, and provide multiple channels for signatories to provide feedback, including at regional events and webinars. As part of its commitment to transparency, the PRI will publish a summary of the feedback received from signatories, their full consultation responses, and a formal response to this feedback from the PRI Board after each consultation period closes.
Reporting & Assessment consultation: phase two
The Reporting Framework review began with a first consultation phase between March and July 2019. The consultation was extensive, covering a broad range of reporting and assessment themes. It consisted of an investor and service provider survey, four global webinars and workshops in 17 cities. More than 580 signatories participated – about a quarter of our signatory base.
Based on the signatory feedback from the first consultation phase, and in line with the PRI mission and 10-year Blueprint, the PRI has developed a proposal of how the reporting and assessment framework, including the reporting outputs, could be improved.
The consultation paper below outlines the different elements of the PRI’s proposal, lists the consultation questions, and asks for signatories’ input in this second consultation phase, through the online consultation survey.
The survey is available online. It should take no more than 30 minutes to complete and consists of 22 questions, of which half are optional descriptive fields. The survey should only be completed once per signatory.
Please note that the online survey has to be completed in one session.
Signatories have until Friday 28 February to participate in the online consultation survey.
The PRI will organise a series of webinars during January and February where signatories can provide further input on the consultation, in addition to completing the survey.
To register for the webinars, please see:
2019 PRI Signatory survey
19 August 2019 – 31 October 2019
The PRI is a signatory based organisation and feedback on the value and resources that the initiative provides to signatories is invaluable. Signatory responses help shape the work we undertake and the value that we deliver to you, both in our next one year plan and the PRI’s 2021-2024 strategy.
Reporting Framework consultation
06 March – 06 June 2019
As part of our Blueprint for responsible investment – looking at how to take responsible investment forward over the next decade – we committed to undertake a review of our current Reporting Framework. The aim of the review is to ensure that the PRI’s reporting and assessment is fit for purpose, remains relevant to evolving responsible investment practices and is useful for signatories and the responsible investment market as a whole.
The review covers the Reporting Framework itself as well its various outputs or tools, within the broader context of the RI/ESG reporting landscape and the requirement to drive more meaningful data throughout markets.
As a first step of the review, the PRI undertook a signatory consultation to capture feedback through an online survey, 17 global workshops and 4 webinars. It covered seven different areas related to reporting and assessment:
- Reporting objectives
- Reporting landscape
- Outcomes-based reporting and the SDGs
- Supporting the reporting process
- Reporting outputs
- Learning and progressing
In total, over 580 signatories participated in the consultation, representing 24% of our signatory base. Of these, 260 signatories participated in the survey, over 350 participated in the global workshops and 145 in the webinars. We would like to thank all signatories and other stakeholders for their participation. A summary of the feedback is available here.
The PRI Board took notice of the signatory feedback and provided input on the next steps of the Reporting & Assessment review. More information and the timeline can be found here. The board will continue to be deeply engaged in setting the direction of reform, as well as overseeing its implementation.
Hedge fund module survey
14 August 2018 – 15 September 2018
The PRI aims to allow voluntary reporting on hedge funds in the 2019 Reporting Framework. The module will drive asset owner and hedge fund manager dialogue to incorporate ESG factors in the investment process across different hedge fund strategies. This consultation introduces the objectives and proposed set of new indicators for a direct – hedge funds module. Please send completed surveys to firstname.lastname@example.org.
Asset owner survey
5 March 2018 – 29 June 2018
Empowering asset owners remains key to the future success of the PRI and responsible investment. The PRI is consulting with asset owner signatories on their strategic priorities and how the PRI can help to empower them, via a short survey and a series of asset owner roundtables. The survey is a primer for our face-to-face conversations. The confidential survey asks for your perspectives on, and prioritisation of:
- the PRI Blueprint objectives, including empowering asset owners;
- environmental, social and governance issues;
- how effective the PRI is in supporting you; and
- the value of ongoing asset owner focused resources.
Please share your views in the survey to enhance and tailor the in-person conversations that will follow.
See the events page for upcoming asset owner roundtables.
Serious violations Policy
6 November 2017 – 1 December 2017
The PRI’s integrity is dependent both on the actions of the PRI and collective commitment and good efforts of PRI signatories to the PRI, its objects and the implementation of the Principles. The Serious violations Policy is one means to safeguard the reputation, integrity and good efforts of the PRI and its signatories.
The purpose of the formal policy was to provide the Board and Executive with a formal process to reference when there is an allegation of a serious violation; and assurance to signatories that there is a process and predictable response to a serious violation.
The PRI welcomed constructive comments from signatories on the draft policy, particularly:
- Does the policy effectively support the stated objectives?
- How could the policy be improved?
The PRI Board will reflect on feedback received from signatories before approving the policy.
18 October 2017 – 15 November 2017
In April 2017 the PRI launched the Blueprint for responsible investment, the vision the next ten years of responsible investment. The Blueprint is the framework for the 2018-21 strategic objectives and the enabling environment. The PRI conducted a formal consultation on the three-year strategy via webinars and an on-line survey.
We asked signatories four questions about the three-year strategic plan:
- Will the proposed strategy effectively start the delivery of the Blueprint? Are the proposed initiatives the right ones and the right level of ambition for this initial period?
- Are the strategic objectives the right ones? Are we focusing on the right objectives in each of the nine Blueprint areas?
- Does the strategy work for you? How will this proposed strategy affect or influence your organisation? To what extent will it support you in your work to integrate ESG issues?
- Are the enablers right? Is the PRI taking the right actions for the delivery of the strategy?
The PRI received 76 submissions to the on-line consultation and a further 73 signatories participated in the consultation webinars. We would like to thank all signatories and other stakeholders for their participation.
The Board took notice of the signatory feedback before approving the three-year strategy at their Board meeting in November 2017.
For further information about the draft strategy or the process please contact email@example.com.
Proposals and methods to strengthen signatory accountability
1 August 2017 – 30 September 2017
This public consultation aimed to collect detailed feedback on the PRI’s proposals for future minimum requirements and leadership criteria applicable to its signatories. It provides participants with in-depth descriptions of the proposed criteria, methods and rationales and aims to collect detailed feedback. The responses to the public, online survey together with feedback from a dedicated session at PRI in Person on September 25 will be evaluated and published later in the year.
The PRI received over 180 submissions to the on-line consultation and more than 100 signatories participated in the roundtable event at PRI in Person. We would like to thank all signatories and other stakeholders for their participation.
The Board took notice of the signatory feedback before approving implementing minimum requirements for signatories at their Board meeting in November 2017. A full overview of the PRI’s minimum requirements can be found here.
The Board will meet again in March 2018 to further discuss details of showcasing leadership for signatories. A full update can be found here.
Sustainable financial system, Principles, Impact
6 June 2016 – 5 August 5 2016
This consultation has 4 objectives:
- Determine which of the obstacles to a sustainable financial system lying within market practices, structures and regulation the PRI and its signatories should work together to address.
- Determine the extent to which the PRI should use the Sustainable Development Goals (SDGs) as a framework to encourage and measure the ‘real world’ impact of responsible investment activity by signatories on the environment and society.
- Determine whether the Principles should be updated to reflect the issues raised in this paper.
- Determine how the PRI should define and measure its own success over the next decade.
In September 2016, the PRI released its report Sustainable financial system: nine priority conditions to address. The consultation set out the PRI’s work on a sustainable financial system which will form part of its ten-year Blueprint for responsible investment, due for release in March 2017. To provide feedback on the report or for further information on the PRI’s sustainable financial system work, contact firstname.lastname@example.org.
The PRI received nearly 200 submissions to the consultation and would like to thank signatories and stakeholders for their participation. An executive summary of the feedback is available here.
The PRI hosted two webinars on 6 July to update signatories on the objectives of the second consultation. The slides can be downloaded here. If you have any questions, please email email@example.com.
The PRI Board published high-level recommendations in response to the consultation findings at its Signatory General Meeting (SGM) on 6 September 2016. These formed part of the PRI’s Blueprint for responsible investment, which will be published in early 2017 and outline an ambitious agenda for action by the PRI and the wider responsible investment community for the coming decade.
Strengthening accountability, Recognising diversity
December 2015 – March 2016
This consultation had two overarching objectives:
- to determine how the PRI can better recognise diversity across its signatory base, allowing market forces to promote wider adoption of responsible investing practices while ensuring that the PRI remains inclusive and continues to welcome new signatories;
- to identify additional accountability mechanism/s that could be introduced to ensure signatories currently making little or no progress are incentivised to do more, and determine whether those who show no progress over time should be delisted.
The PRI received more than 500 submissions to the consultation and would like to thank signatories and stakeholders for their participation. An executive summary of the feedback is available here.
You can review the full response submitted by each organisation here.
The PRI hosted several webinars in February to update signatories on the objectives of the consultation. The slides can be downloaded here.
The PRI Board published high-level recommendations in response to the consultation findings at its Signatory General Meeting (SGM) on 6 September 2016. These will form part of the PRI’s Blueprint for Responsible Investment, which will be published in early 2017 and outline an ambitious agenda for action by the PRI and the wider responsible investment community for the coming decade.
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