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Dear signatories, 

The final quarter of 2023 was a very active one for the PRI.  

We delivered a highly successful edition of PRI in Person, convening almost 1,400 attendees in Tokyo and providing a global platform for landmark announcements from the Japanese government about the future of responsible investment in the market. 

We represented the interests of our signatories at COP28, co-hosting a major finance sector side event and announcing the PRI’s role as the secretariat for the newly-launched Taskforce on Net Zero Policy.   

And we successfully concluded the 2023 PRI reporting cycle, releasing Transparency and Assessment Reports to signatories and announcing the adoption of a more flexible approach for this year.     

Looking ahead to 2025 and beyond, we are working hard to collect insights from across the signatory base to continue to evolve our offering and develop Progression Pathways, including the important step of embedding accountability mechanisms within them. 

This quarterly update shares further information and reflections on these activities and more. I hope you find it valuable, and I look forward to continuing to collaborate with you as we head into 2024.


David Atkin

Executive summary

Organisation updates


The 2023 PRI Board annual election was for three asset owner and one investment manager representative positions. Signatories voted to confirm the appointment of the new Chair, Conor Kehoe, and four Directors: Takeshi Kimura, Special Adviser to the Board, Nippon Life Insurance Company; Lebogang Mokgabudi, Independent Specialist Trustee, Government Employees Pension Fund; Torben Möger Pedersen, supported by PensionDanmark; and Tycho Sneyers, Managing Partner, LGT Capital.

Initiatives and collaboration



Spring, a new stewardship initiative where institutional investors will work together to take action on nature, launched its investor expectation statement.

The PRI is piloting direct engagement between investors and policy makers on climate change. The Australian pilot reached a milestone in August 2023, when the PRI expanded the collaborating signatories involved to 25, collectively responsible for US$8 trillion.

Products, tools and resources


The PRI launched its process to co-design Progression Pathways, a framework to support signatories to advance their responsible investment practices in ways that are more relevant to them.

Public and private Transparency Reports and Assessment Reports are available to view online in the Data Portal.

Signatory update


The PRI now has 5,372 signatories, of which 740 are asset owners. New signatories include Japan Investment Corporation, Western University Canada, L-Bank (headquartered in Germany), Petros (Brazil) and PrismaLife (Liechtenstein).