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For the 2021 reporting cycle, PRI piloted a new reporting system for signatories that was designed to streamline and improve the reporting process. We received feedback from more than 1,700 investor signatories on the new reporting framework and tool. Issues with specific areas in the reporting system resulted in some investor and service provider signatories not being able to submit a full and complete dataset, affecting the 2021 data quality.
In response to the feedback and the issues identified, we assessed the changes made to our reporting process and revaluated how we can best fit this process to signatories’ needs in the future. To complete this review process and fully address the issues identified, we will take a staged approach to release the 2021 outputs and delay the next reporting cycle until 2023. Please refer to the FAQ below and read our CEO and Chair letter for further detail.
Signatories will have 4 weeks to review and request changes to indicators affected by the issues
PRI intend to release updated outputs by June 2022, earlier if possible, subject to volume of changes flagged by signatories
Private Transparency Reports
In October 2021, Transparency Reports will be released privately in a new data portal. We will provide all signatories with a period of four weeks to communicate any changes needed to the indicators affected by the issues. The PRI will make the changes; signatories will not have to re-enter the reporting tool.
Release of public Transparency Reports and private Assessment
The PRI will make the requested changes ahead of the public Transparency Reports for investors and service providers. Investors will also receive private assessment reports. We intend to deliver these by June 2022, earlier if possible, subject to the volume of data changes flagged by signatories. We will then be seeking feedback on both outputs as part of the pilot.
Next Reporting Period
Given these delays and the extent of the feedback we have received, we made the decision to delay the opening of the next reporting period until early 2023. A delay to the next reporting period will allow us the time we need to incorporate signatory feedback on content, to reduce the time spent on reporting—including pre-filling of answers—and to significantly improve the user experience for 2023.