It is compulsory for signatories to report on their responsible investment activities annually. It’s one of the explicit commitments that signatories make when signing the Principles.

Why report

Reporting ensures:

  • accountability of the PRI and its signatories;
  • a standardised transparency tool for signatories’ reporting;
  • that signatories receive feedback from which to learn and develop.

New signatories don’t have to report in their first year, but we encourage them to do so they can learn the process. They can ask for their report to remain confidential.

Reporting benefits

Reporting:

  • summarises and monitors your RI activities;
  • acts as an accountability mechanism;
  • leads to the continuous improvement of your internal processes; and
  • provides feedback so you can evaluate your progress.

Timelime for reporting

The Reporting Tool is open annually from the first week of January to the end of March. 

Reporting & assessment timeline

How to report

  1. Find out about the reporting process by viewing the introductory videos and framework resources for investors or service providers.
  2. Pepare for the reporting cycle by collecting your organisation’s answers to relevant indicators in the Reporting Framework.
  3. Ensure that you can log in to our new Reporting Tool before the reporting period starts in January.
  4. Submit your report in the Reporting Tool between January and March.

We’ve published module guides for investors this year for the new Investor Reporting Framework. No guides will be available for service providers as the Service Provider Reporting Framework isn’t changing.

After report submission

If you submit your report before the reporting cycle ends in March of each year, you will receive these transparency reports: 

  • A public transparency report which is published on the PRI website and includes all public and mandatory indicators.1
  • A private transparency report which includes all public and private indicators.
  • A private assessment report (investors only) showing year-on-year progress and broad scoring bands as outlined in the Scoring recalibration and assessment methodology guide.

Signatories can choose to give other signatories access to their private reports. 

Frequently asked questions

Reporting in general

When can we start reporting?

Reporting opens at the beginning of January each year. Signatories have a three-month window to submit their report and can start preparing for reporting in November, when the PRI releases PDFs of the reporting frameworks.

Will our report be assessed/scored by the PRI?

The PRI currently assesses investors’ reports, but not service providers’.

How long does it take to report?

Signatories estimate that for an organisation managing more than US$1 billion, it takes one full-time staff member approximately one week to collect, aggregate and submit information. This will vary based not only on the organisation’s size, but also its structure and asset mix (which will determine how many modules must be completed) and what information flow and data tracking systems are in place. After the first year, the Reporting Framework is pre-filled with the previous year’s answers, saving signatories time where information has not change

How can I contact the PRI for reporting-based queries?

Send an email to reporting@unpri.org.

Can I report in another language?

The official reporting language for the PRI is English. If you enter text in other languages, an English translation should also be provided.

What happens if my organisation is delisted?

Signatories that have to report on a mandatory basis that do not submit reported data by the deadline will be entered into the delisting process in April, with a delisting date of 31 May. Their names will be included in the PRI’s Annual Report and failure to report will be indicated as the reason for delisting. A signatory can only relist after they have completed their last reporting requirement, and the grace year will not apply again.

If a signatory chooses to delist during the reporting cycle (including because they do not wish to complete the Reporting Framework), their account will be suspended when they have delisted. Previously submitted reports that have been published will remain on the Data Portal (under category “delisted”) but the organisation will cease to have access to this platform.

All submitted data will be retained in the PRI’s public and private databases. This is covered by the terms and conditions of the Reporting Tool. The PRI databases, including data from delisted signatories that submitted reported data, will be used to produce the aggregate statistics used in PRI data outputs such as snapshot reports and assessment reports. Assessment reports will be sent only to active signatories.

Reporting outputs

Will there be any changes to the reporting outputs (public and private Transparency Reports and Assessment Reports)? 

The reports will look different to what signatories are currently used to, but the concept will remain the same. The PRI will continue to provide signatories with reporting outputs, such as private and public reports of their PRI responses and Assessment Reports, as these are the main tools they use for learning and internal communication, as well as benchmarking. Assessment Reports will continue to be completely confidential and shareable at the signatory’s discretion.

Will signatories still get their reporting outputs in July for the 2021 reporting cycle?

Yes, the PRI will still aim to make reporting outputs available during July for the 2021 reporting cycle.

Will the reports from previous years be available in the new Reporting Tool?

Reports from previous years will be made available on the new outputs platform.

Can signatories select their own peering groups?

Yes, signatories can select their own peering groups. This functionality should be available on the new outputs platform.

Using the Reporting Tool

I am new to reporting. How do I access the Reporting Tool?

Fill in the Registration form and tick the ‘Request access to Reporting Tool’ box. You will receive an activation link within one hour.

I forgot my password for the Reporting Tool. How do I get a new one?

Enter you email address on the Forgotten password screen to reset your password.

Will I be required to re-register to use the new Reporting Tool? 

To avoid disruption, users of the reporting platform should check that they have access before the start of the reporting cycle in 2021. If you were able to access the platform during the 2020 reporting cycle, you will have access to the new reporting platform with the same login details. Each signatory’s main contacts will have access to a portal where they can approve, deny or revoke a user’s access. Any new users will be approved by their main contact before they are able to access the Reporting Tool.  

Will there be any pre-filling of previous responses for the 2021 reporting cycle, if these questions did not change compared to last years’ reporting? 

As the investor Reporting Framework is being completely overhauled, including the indicators and the reporting platform, the pre-filling of previous responses will not be available for the 2021 reporting cycle for both investors and service providers. Pre-filling will be possible from the 2022 reporting cycle onwards.  

Development of the framework

How does the PRI develop Reporting Framework modules?

The PRI regularly updates the Reporting Framework to ensure that it reflects best practice and allows signatories to report on their various activities. Occasionally, modules in the Reporting Framework need to be changed more extensively to reflect updates in the investment industry. In these cases, the PRI seeks greater feedback from signatories through public consultations. Changes to the PRI Reporting Framework will be made for the following reasons:

  • to clarify points of confusion or provide improved guidance to signatories;
  • to support a more robust assessment methodology;
  • to facilitate better analysis of the data;
  • to strengthen accountability;
  • to respond to input from the PRI Board;

We have recently undergone a review of the Reporting Framework, for more information see the Reporting & assessment review.

What processes are involved when making changes to the Reporting Framework?

When making changes to the Reporting Framework, the PRI:

  • Reviews signatory input. This includes feedback from calls, meetings, FAQs and free text answers in the Reporting Framework.
  • Consults with the Reporting and Assessment Advisory Committee, working groups, other advisory committees and groups of engaged signatories who provide direct feedback.
  • Reviews internal information, including data analysis and a review of current practices.
  • Launches signatory consultations. Changes to mandatory frameworks, modules or sections of a module require signatory consultation. Where new content is voluntary, the PRI uses the first voluntary year to collect feedback and consult with signatories. However, minor changes to wording and explanatory notes, or moving indicators from one place to another will not require signatory input.

A new module or a module that has undergone substantial change will have no major modifications for at least two years. Smaller changes will be made in case the reported data shows inconsistencies or points to a need or clarification of wording. The PRI will conduct a wider Reporting Framework review every three to five years to identify if it’s fit for purpose, how it aligns with the PRI’s strategy, and whether it reflects advances in responsible investment practices and changing technology.

We have recently undergone a review of the Reporting Framework, for more information see the Reporting & assessment review.

How was the PRI Reporting Framework developed?

Signatories initially reported via a self-evaluation process. However, following the most extensive consultation in the PRI’s history, the reporting and assessment process was redeveloped to ensure signatory responses were more robust. Signatories were involved in its design from the outset and in the governance bodies and committees that oversaw its development.

A pilot version of the Reporting Framework was launched for signatory testing in June 2012. Multiple international consultations and module-specific workshops held around the world resulted in thousands of points of signatory feedback, which fed into the Reporting Framework that launched in October 2013.

For the first two reporting cycles, the fixed income module was in a pilot phase. It was redeveloped for the 2015/16 cycle following another round of extensive consultation with signatories, to better capture how responsible investment is practiced in this asset class. The infrastructure module is still in a pilot phase and is voluntary to report on.

More than 800 signatories reported under the new Reporting Framework in its first year. Now well over 1,000 do, with more joining every year.

Disclosure of indicators

Why do we have to dislose our AUM? 

The PRI requires that signatories provide us with an AUM figure upon joining and every year that they complete the Reporting Framework. We use this information in a number of ways: 

  • to assign the correct fee band to signatories;
  • to calculate the overall PRI signatory AUM; 
  • to create peer groups for assessment of signatories; 
  • in signatory segmentation activities, including calculating the size of asset class allocations; 
  • for a future plan to mandate greater transparency on asset class allocations of AUM over a certain monetary threshold but that are less than 10% of a signatory’s AUM (as currently very large signatories can circumvent reporting). 

If signatories find themselves unable to comply with the disclosure requirements of an indicator, they may lodge an appeal with the PRI. Given the signatory involvement in developing Reporting Framework content, appeals are not expected to be needed except in rare situations. 

Further discussion of the topic has emerged as an obstacle for some potential signatories during the sign-up process. A small number of potential signatories is uncomfortable disclosing their AUM figure to the PRI at all. Those in this category include sovereign wealth funds and, increasingly, entities in the Asian market. 

The PRI has effectively decided that an exception to the AUM rule can be considered where signatories present high strategic value. This status would need to be agreed at the sign up process and would not be backdated to any existing signatory. 

When can we appeal? 

As a guideline, signatories may appeal where disclosing their organisation’s response to a particular indicator would: 

  • Conflict with local legislation or regulation. 
  • Conflict with a pre-existing company policy (for example, a non-disclosure policy that is not specific to ESG issues). Appeals of this type will be considered, but are less likely to succeed where the policy jeopardises a signatory’s ability to fulfil Principle 6, We will each report on our activities and progress towards implementing the Principles. 
  • In the cases of some signatories who are not able to be transparent in regards to their AUM figure for confidentiality reasons. 

Signatories may not appeal on the following grounds: 

  • General non-disclosure policies relating to ESG information. Reporting and disclosing responsible investment activities is a requirement of being a PRI signatory. 
  • Disagreement about the form or structure of a particular indicator. In these cases, signatories should use the free text field within each indicator to contextualise their responses, and should provide feedback to PRI directly via the Online Reporting Tool. 

Signatories may lodge an appeal by sending a letter on their company letterhead to reporting@unpri.org, detailing the indicator(s) affected and the reasons for the appeal. Signatories wishing to appeal should continue to complete the framework but should not submit their responses. 

When reviewing appeals, the PRI will be advised by the Reporting and Assessment Advisory Committee, made up of signatory representatives approved by the PRI. The RAAC has particular expertise in the field of responsible investment reporting and assessment. 

The PRI will contact signatories directly to inform them of the decision about their appeal. If granted, the Transparency Report will not contain the information that has been appealed. 

Signatories can request that a previously granted appeal applies to their following year’s response. To do so, they should contact reporting@unpri.org during the reporting period (between 3 January and 31 March). The PRI will confirm the appeal status.