The PRI wants to encourage an active dialogue between signatories and the board. The SGM, the annual general meeting of signatories that is usually held in conjunction with PRI in Person, is an important forum for communication between the board and signatories.
The board encourages signatory participation, either in person or via webcast. The SGM is an opportunity for the board to report to signatories on the PRI’s strategy and its implementation; the work undertaken by the board and its committees; forthcoming board elections; any formal consultations or non-binding resolution results; and any other ordinary and special business. Signatories can put forward agenda items to the SGM for discussion.
The PRI convenes an SGM in each calendar year in accordance with the SGM rules. With the health, safety and wellbeing of our staff, signatories, speakers and delegates our primary concern, and in light of the continuing impact of COVID-19, the 2020 SGM was held virtually via webcast. To accommodate the PRI’s global signatory base, two SGMs were held on 21 October 2020 at 09:00 – 10:30 CEST and 18:00 – 19:30 CEST.
- Welcome address and PRI Board report | Martin Skancke, Chair
- Management and financial report | Fiona Reynolds, CEO
- 2021-24 strategy consultation | Fiona Reynolds, CEO
- Signatory voting and PRI Board director elections | Martin Skancke, Chair
- Q&A | Martin Skancke, Chair and Fiona Reynolds, CEO
The board encourages signatories to participate actively in all areas of PRI governance. Signatories were invited to submit questions in advance and there was also an allocated time during the SGM for signatory questions. 480+ signatory representatives attended via online webcast. Signatories asked questions on a range of topics that were answered by the Chair and CEO and reported in the SGM minutes.
There wasn’t time to answer one question in the SGM about additional PRI guidance and resources for fixed income asset managers. The PRI launched two new workstreams at the start of the year that are exploring current market practices and gaps in ESG consideration in securitised products and sub-sovereign government debt instruments (municipal bonds to start with). We are working closely with market practitioners that are part of two newly created advisory committees. We expect to publish the first reports in these two fields in the first half of 2021.
To learn more about the PRI Board, visit PRI governance.