davidarphoto_fl

Dear signatories,

I’m delighted to share our latest quarterly update with you, feeling truly energised off the back of the 2024 edition of PRI in Person. Thank you to those of you who joined us both in person in Toronto and online. The passion, curiosity and challenges you all brought to the table made it another hugely successful event.

In our last update to you, I reflected on the significance of the last quarter in crystalising the PRI’s next chapter, notably through the launch of our new strategy. I’m very glad to share that we’ve already begun turning these plans into action, including by giving you a preview of how our Pathways framework is shaping up.

As ever, I immensely value the opportunity of hearing directly from you all, so it was fantastic to see such great engagement at this year’s Signatory General Meeting. I’ve also had the pleasure of connecting directly with signatories in-country over the past few months, including in South Africa, Geneva, and New York, where I attended Climate Week and the United Nations General Assembly.

Most recently I’ve been in Latin America, including visits to Chile and Brazil, where excitement around hosting PRI in Person in Sao Paulo next year is building. And as I write to you now, I am in Colombia for COP16, discussing the role the investor community can play in addressing nature and biodiversity loss.

I’d like to close out this welcome with a celebratory note by extending my congratulations to the winners of this year’s PRI Awards: Summa Equity, Investors Against Slavery and Trafficking in Asia Pacific (submitted by First Sentier), Nordea Asset Management, Caisse des Depots et Consignations, ILX Fund and Bintang Capital Partners. In view of the challenging landscape many responsible investors are currently navigating, I was greatly encouraged – and impressed – to see continued leadership and innovation displayed by all those who entered. It was a highly competitive process.

Finally, please do take a moment to vote on various PRI governance elements by 26 November. As a signatory-centric organisation, your views matter in shaping the future of the PRI. We go further when we travel together.

Best,

David Atkin, CEO

Executive summary

Organisational updates

QSU_org_updates

The Signatory General Meeting on 10 September saw strong attendance and participation from signatories. The Board will continue to oversee the development of the Progression Pathways business case, and the 2024-27 strategy will deliver value to signatories and achieve the PRI’s mission. Signatories are invited to vote on various PRI governance elements from 17 September to 26 November.

 

Flagship programmes

QSU_initiatives

Key improvements in 2024 reporting have contributed to a 36% reduction in the average time spent in the tool per user, dropping from 104 minutes last year to 67 minutes this year.

Summa Equity, Investors Against Slavery and Trafficking in Asia Pacific (submitted by First Sentier), Nordea Asset Management, Caisse des Dépôts Consignations, ILX Fund and Bintang Capital Partners are the winners of the 2024 PRI Awards, announced at PRI in Person 2024.

Products, tools and resources

QSU_products

Learn about the Taskforce on Inequality and Social-related Financial Disclosures which was recently launched, and the connections between ESG factors, company profitability and investment returns in the third part of ESG factors and returns – a review of recent research.

Also, check out the updated infrastructure and other real assets due diligence questionnaire (DDQ), to better understand and evaluate investment managers’ approaches to responsible investment.

Signatory update

QSU_signatories

The PRI now has over 5,300 signatories, of which 750 are asset owners. New signatories include Japan Mutual Aid Association of Public School Teachers (Japan), Visão Prev and Prevcom (both of Brazil), Línea Directa (Spain), Trottier Family Foundation (Canada) and Chesnara (United Kingdom).

Downloads

Download