PDF《THE PRI》

THE PRI 2017/18 WORK PROGRAMME STARTING THE NEXT DECADE OF RESPONSIBLE INVESTMENT APRIL

2017 An investor initiative in partnership with UNEP Finance Initiative and UN Global Compact

1 THE PRI We believe that an economically efficient, sustainable global financial system is a necessity for long-term value creation.

Such a system will reward long-term, responsible investment and benefit the environment and society as a whole. The PRI will work to achieve this sustainable global financial system by encouraging adoption of the Principles and collaboration on their implementation;

by fostering good governance, integrity and accountability;

and by addressing obstacles to a sustainable financial system that lie within market practices, structures and regulation.

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2 SIGNATORIES: ASSET OWNERS, INVESTMENT MANAGERS AND SERVICE PROVIDERS US$ TRILLION: ASSETS UNDER MANAGEMENT UN PARTNERS: UNEP FINANCE INITIATIVE UN GLOBAL COMPACT

6 PRINCIPLES: RECOGNISING THE MATERIALITY OF ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE ISSUES

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2 SIGNATORIES: ASSET OWNERS, INVESTMENT MANAGERS AND SERVICE PROVIDERS US$ TRILLION: ASSETS UNDER MANAGEMENT UN PARTNERS: UNEP FINANCE INITIATIVE UN GLOBAL COMPACT

6 PRINCIPLES: RECOGNISING THE MATERIALITY OF ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE ISSUES

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2 SIGNATORIES: ASSET OWNERS, INVESTMENT MANAGERS AND SERVICE PROVIDERS US$ TRILLION: ASSETS UNDER MANAGEMENT UN PARTNERS: UNEP FINANCE INITIATIVE UN GLOBAL COMPACT

6 PRINCIPLES: RECOGNISING THE MATERIALITY OF ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE ISSUES

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2 SIGNATORIES: ASSET OWNERS, INVESTMENT MANAGERS AND SERVICE PROVIDERS US$ TRILLION: ASSETS UNDER MANAGEMENT UN PARTNERS: UNEP FINANCE INITIATIVE UN GLOBAL COMPACT

6 PRINCIPLES: RECOGNISING THE MATERIALITY OF ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE ISSUES THE PRI

2 MESSAGE FROM THE MANAGING DIRECTOR As the PRI celebrated its tenth anniversary, we took time out to recognise the role that our organisation and our signatories have played towards moving responsible investment forward over the last decade. Our thoughts also turned to what our priorities should be for the next decade. For example, we knew we wanted to ensure that our signatories are truly committed to the six Principles. The majority say they support us delisting signatories who do not show discernible progress on environmental, social and governance (ESG) integration. Signatories have also shown support for our work on building a more sustainable financial system (SFS), which is a core part of the PRI'

s mission. Our SFS work will be a long-term programme and we look forward to working with signatories on this project over the next several years. In 2016, the PRI held two consultations with our signatories on accountability and building a more sustainable financial system, in addition to holding several workshops across the globe to garner signatory feedback. Input from the consultations and workshops will be reflected in our Blueprint document, which will showcase the PRI'

s priorities for the next

10 years. In addition to working on the Blueprint, our teams around the globe have been busy as usual working with signatories on projects that we think will bring value to our signatory base. We have continued our commitment to working across all the major asset classes, and have published a guide on ESG integration in listed equities, and similar guides for asset owners. We are also moving forward on a new infrastructure work stream to look at ESG integration in infrastructure projects and are focusing on ESG integration in hedge funds, an asset class that has been slower to embrace ESG factors but is now feeling pressure from clients. In terms of ESG engagements, we are continuing to tackle topical issues such as multinational tax avoidance and fracking, while the reporting and assessment team has developed the Data Portal tool. This will empower asset owners to engage with their managers by easily viewing and comparing responses, as well as enabling signatories to search, view, request access and export data from transparency reports and assessment reports. All of this will translate into increased accountability. The PRI Academy continues to go from strength to strength in meeting the educational needs of investment professionals across the globe. It has now delivered online training to financial professionals across more than