Reporting & assessment FAQs

Where can I find reporting resources on the website?

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 its reporting frameworks in PDF versions.

Will our report be assessed/scored by the PRI?

The PRI currently assesses investors’ reports, but not service providers’. In 2018, the PRI will explore the possibility of introducing service provider assessment. This will include a rigorous research and consultation process to ensure that we capture the possibilities and challenges of service provider assessment.

I am new to reporting. How do I access the reporting tool?

Register here and click the ‘Request access to reporting tool’ box. You will receive an activation link within one hour.

I forgot my password to the reporting tool. How do I get a new one?

You can set a new password here.

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 changed.

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

Send an email to reporting@unpri.org or call +44 (0)20 3714 3187.

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.

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;

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.

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.

Can we decide not to disclose on mandatory indicators?

Mandatory indicators will be published on the PRI website. The disclosure requirements have been developed in close consultation with signatories via several asset class and region-specific technical committees and working groups. However, in rare cases, some signatories may find themselves unable to comply. In these cases, they may appeal against the mandatory disclosure of an indicator.

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.

What happens if we are 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.

Where can I find information on the Reporting Framework modules?

You can find FAQs about the Reporting Framework modules here.

About PRI assessment FAQs

When will I receive my Assessment Report?

Your Assessment Report will be available in July each reporting year.

Where can I access my Assessment Report?

You can access your Assessment Report in the Data Portal (along with previous Assessment Reports if you are not a first-time reporter). The PRI will not send Assessment Reports to signatories.

Can I share my Assessment Report?

You can decide to share your Assessment Report, either with signatories or non-signatories. A shared Assessment Report must allow the user to find the related full Transparency Report, refer to the scoring methodology, and avoid taking any individual module score out of context (e.g. you must not report a module score as your overall PRI score).

Will the PRI share my Assessment Report with other signatories?

The Assessment Report is confidential and will never be shared.

Will my organisation receive a general assessment score?

The assessment does not rate signatories at an organisational level. Therefore, you won’t receive any general assessment score for your organisation.

How can I access other signatories' Assessment Reports?

Signatories must request access to view other signatories’ private reports through the Data Portal. Signatories must approve requests before access is granted.

I don't think my assessment scores are correct. Who can I contact?

The Assessment Report is based on reported data. Once the reporting period is closed, the PRI scores the most up-to-date response. If you have any question regarding your assessment results, please contact us as soon as possible.

Why does the assessment change over time?

It is important the PRI keeps up to date with the fast-moving changes in the responsible investment industry. Therefore, indicators can be added, modified or even deleted. However, these changes are minor.

Are all modules scored? Why are some indicators not scored?

The modules that ask about RI activities are assessed: the strategy and governance (SG) module and all asset class-specific modules. The organisational overview (OO) module asks about basic non-RI related information about the organisation, and the closing module (CM) looks for feedback and submission. These two modules are not assessed, except for the additional assessed assurance section in the closing module.

Does the assessment favour any particular investment strategy or engagement method?

The assessment does not promote any specific investment strategy or engagement method. Its aim is to showcase best practices in responsible investment across asset classes worldwide. These activities are assessed based on equal value, regardless of whether the process is conducted internally or externally, whether the strategy is screening and/or integration, or whether an engagement is individual, collaborative or through a service provider.

Can I calculate my own assessment scores?

Scoring is non-prescriptive and flexible. Each module contains multiple pathways (>25 pathways for some modules) and the different numbers of core and additional indicators per pathway can make it difficult to calculate your own score before submitting. However, the PRI is very committed to transparency and publishes the whole Reporting Framework, how each indicator is assessed and how the methodology works. These documents can be used as a guide for signatories.

Can I opt out from getting an Assessment Report?

Unfortunately, you can’t opt out as this is automatically provided to each of our signatories along with the Transparency Report on the Data Portal. You can choose to not consult or download your Assessment Report but the PRI strongly encourages signatories to consult it.

I am a first-time reporter. When will I receive my first Assessment Report?

If you are a new signatory, you will have the first reporting cycle as a “grace” or voluntary reporting period. Reporting will become mandatory afterwards. Whatever your reporting status (voluntary or mandatory) with the PRI, your organisation will automatically receive an Assessment Report.

Where can I find information on the Reporting Framework modules?

You can find FAQs about the Reporting Framework modules here.

How to access reported data FAQs

Do you include all reported data in your analysis?

These charts are based on all the reported data we receive - including private responses as far as possible. In some cases, some private responses have been removed from the analysis where it would be possible to identify the response of a single signatory.

Can I see the individual data behind the graphs?

As these charts are derived from public and private responses, we can only show the aggregated data behind the graphs.

Who can access public data?

In addition to signatories, the PRI shares data with academic organisations and think thanks for non-commercial purposes upon signing the relevant terms and conditions.

I work for a consultancy/data provider/newspaper. What data can we access?

Consultancies/non-signatory data providers and media organisations can use any of the data that is on the PRI website. This includes public Transparency Reports and snapshot reports, which contain findings of key indicators.

Why can signatories request access to my private Transparency Report?

Sharing reports increases signatories’ accountability, empowers asset owners to engage with managers and increases the knowledge sharing of responsible investment among signatories.

How do you ensure that reports are not distributed without consent?

By signing the terms and conditions users agree that any access given to them remains confidential. Breaching such terms and conditions would result in the signatory and its staff being denied further access to the Data Portal.

We outsource reporting to service providers. Can they access the Data Portal on our behalf?

No. This will remove the risks of conflict of interest.

Can I download the responses of signatories who have given me access to their private Transparency Report?

Not right now, although you will be able to in the future. At the moment, you can only access public responses.

I can't log in to the Data Portal. What should I do?

Email us at reporting@unpri.org so we can assist you.

Minimum requirements for membership

Why is the PRI introducing accountability measures?

In 2016, the PRI conducted an extensive stakeholder consultation on accountability and recognising diversity. It showed a strong endorsement of the PRI’s ambition to increase transparency, accountability and leadership among its signatory base.

The recently launched Blueprint for responsible investment lays out the PRI’s ambitions and goals for the coming 10 years; strengthening accountability and showcasing leadership are at its core.

What does the PRI hope to achieve with the new accountability measures?

The main objectives are:

  • engaging signatories that have been failing to implement the Principles;
  • delisting, as a last resort, signatories who are not committed to the Principles;
  • helping signatories committed to the Principles but not highly engaged with the PRI; and
  • recognising best practices and encouraging shared learning.

How have signatories been involved in developing the measures?

In 2016, we received five hundred signatory responses to our consultation on accountability and recognising diversity. We then conducted a more detailed consultation on minimum requirements and showcasing leadership between August and October 2017 and held an interactive workshop at PRI In Person in Berlin to enable signatory input. In total, the PRI received input from over three hundred different organisations.

Do these accountability measures affect the rules of being a signatory?

Yes. The signatory accountability rules have been updated to reflect the changes. These changes were approved by the board in December 2017 and can be found here.

What are the minimum requirements going to be?

All signatory organisations are required to report annually to the PRI on their responsible investment activity. It will be from this information that the PRI will monitor signatory progress against the minimum requirements (for more information on reporting please see here).

The requirements are all captured in the Strategy and Governance Module (SG):

  • Formalised RI policy (or similar) or a policy that covers E/S/G issues covering >50% of AUM [SG 01];
  • Staff (internal or external) explicitly responsible for implementing responsible investment policy [SG 07]; and
  • Senior level oversight of and accountability mechanisms for implementing responsible investment [SG 07].

These requirements and indicators were selected because they are applicable to all types of signatories. Feedback also indicated that these were achievable within the two-year engagement period and an appropriate place to start for newer and less advanced signatories. The process is intended to help signatories progress through use of PRI resources and network.

Do the requirements apply to all signatories?

From 2018, the requirements will apply to all asset owner and investment manager signatories. Service provider signatories will be expected to report for the first time on a mandatory basis in 2018 – another important step forward for the PRI’s accountability.

When are they going to be implemented?

The requirements were communicated publicly in January 2018 and were based on reported data for the 2018 Reporting Framework. Signatories that do not meet the requirements will be informed confidentially by the PRI and will be offered support over a two-year period.

Will the PRI publish a list of signatories that do meet the requirements?

The PRI does not plan to name the signatories that do not meet the minimum requirements, although signatories that are delisted at the end of the engagement period will be named. This will be done in the same way that signatories who fail to complete their annual reporting are presented in the Annual Report. It should be noted that the minimum requirements are based on responses to indicators that are made public as part of an organisation’s Transparency Report.

How will the PRI support signatories who do not meet the requirements?

The PRI will confidentially inform all signatories that do not meet the requirements within six weeks of the reporting window closing. Following that notification, an engagement plan will be agreed for the two-year period and signatories will be supported through the process with the appropriate resources. This will include existing resources, such as examples of signatory activity that are available on the Data Portal and in Transparency Reports, guides, publications, events and webinars.

Will I be delisted if I do not meet the requirements?

Delisting will be a last resort if the two-year engagement period is unsuccessful and if there are deemed no extenuating circumstances. No signatory will be delisted for not meeting the requirements before June 2020. Signatories will be able to appeal the delisting process at the end of the engagement.

Why will signatories have two years to meet the requirements?

Following consultation, a two-year engagement period felt an appropriate time for signatories to implement the requirements and have sufficient opportunity to report them in the next reporting cycle. As signatories do not have to report in their first year, this will mean that organisations will have been signatories for a minimum of three years before they have to meet the requirements.

I am reporting voluntarily - do the requirements apply to me?

Signatories that complete their reporting during the first voluntary cycle will be identified for engagement. However, they will be given an additional year to meet the requirements, the equivalent to two mandatory reporting cycles.

Will the PRI change these requirements in the future?

The PRI plans to review the requirements periodically to ensure they are fair and appropriate. The current requirements are the first accountability measures to be implemented and the PRI feels it is important to give people sufficient time to implement them. The whole process will be reviewed in 2020.

How many signatories currently do not meet these requirements?

Based on 2017 reporting data, approximately 200 signatories did not meet the proposed minimum criteria. The PRI proactively contacted all of these signatories during the consultation period in order to receive their specific feedback.