PDF《THE PRI》

200 organisations in over

40 countries. Fiona Reynolds Managing Director, PRI With regard to policy and research, we have continued to build on the work we did in

2015 on fiduciary duty by rolling out a series of roadmaps which make specific recommendations for several countries covered in the original report ― the US, Canada, Australia, UK and Brazil. Further roadmaps covering Germany, Japan, and South Africa will be released later this year. Fiduciary duty is still the biggest barrier to ESG integration and the PRI will continue to address this issue. We also published the Global guide to responsible investment regulation, which found a strong correlation between responsible investment regulation and better ESG risk management by companies. We have continued to work with our signatories and UN partners on the issue that our signatories have identified as their biggest concern ― climate change. Real progress has now been made on the Paris Agreement and the PRI continues to support other initiatives such as the recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD). Following the release of the Task Force recommendations last December, the PRI called on investors to improve their climate reporting and encourage companies to do the same. Finally, at the end of 2016, we were delighted with the news that four of the Danish pension funds who left the PRI in

2013 decided to return. We feel this is further recognition of the successful governance changes we enacted, which receive........