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Date: 2019-07-17 Page is: DBtxt001.php L0500-PRI


INITIATIVES / ACCOUNTING / REPORTING
Principles for Responsible Investing (PRI)

TO DO ... update images to be more relevant to the subject matter
PRI (Principles of Responsible Investment)
ABOUT THE PRI ... WHAT IS THE PRI?
The PRI is the world's leading proponent of responsible investment.
It works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. The PRI acts in the long-term interests of its signatories, of the financial markets and economies in which they operate and ultimately of the environment and society as a whole.
The PRI is truly independent. It encourages investors to use responsible investment to enhance returns and better manage risks, but does not operate for its own profit; it engages with global policymakers but is not associated with any government; it is supported by, but not part of, the United Nations.
Open PDF ... PRI-Brochure-2016
PRI-Brochure-2016 Open PDF ... PRI-Brochure-2016
PRI-Annual-Report-2016 Open PDF ... PRI-Annual-Report-2016
PRI-Hedge-Fund-Responsible-Investment-Due-Diligence-Questionaire-brochure
An 8 page summary report
THE SIX PRINCIPLES
(1) We will incorporate ESG issues into investment analysis and decision-making processes.
(2) We will be active owners and incorporate ESG issues into our ownership policies and practices.
(3) We will seek appropriate disclosure on ESG issues by the entities in which we invest.
(4) We will promote acceptance and implementation of the Principles within the investment industry.
(5) We will work together to enhance our effectiveness in implementing the Principles.
(6) We will each report on our activities and progress towards implementing the Principles.
Open PDF ... PRI-Hedge-Fund-Responsible-Investment-Due-Diligence-Questionaire-brochure

SIGNATORIES’ COMMITMENT
As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social, and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time).
We also recognise that applying these Principles may better align investors with broader objectives of society. Therefore, where consistent with our fiduciary responsibilities, we commit to the following 6 Principles.
Open external link

THE SIX PRINCIPLES
PRINCIPLE 1
WE WILL INCORPORATE ESG ISSUES INTO INVESTMENT ANALYSIS AND DECISION-MAKING PROCESSES.
PRINCIPLE 2
WE WILL BE ACTIVE OWNERS AND INCORPORATE ESG ISSUES INTO OUR OWNERSHIP POLICIES AND PRACTICES.
PRINCIPLE 3
WE WILL SEEK APPROPRIATE DISCLOSURE ON ESG ISSUES BY THE ENTITIES IN WHICH WE INVEST.
PRINCIPLE 4
WE WILL PROMOTE ACCEPTANCE AND IMPLEMENTATION OF THE PRINCIPLES WITHIN THE INVESTMENT INDUSTRY.
PRINCIPLE 5
WE WILL WORK TOGETHER TO ENHANCE OUR EFFECTIVENESS IN IMPLEMENTING THE PRINCIPLES.
PRINCIPLE 6
WE WILL EACH REPORT ON OUR ACTIVITIES AND PROGRESS TOWARDS IMPLEMENTING THE PRINCIPLES.
More from PRI
https://www.unpri.org/about/the-six-principles
Open external link

PRINCIPLE 1
WE WILL INCORPORATE ESG ISSUES INTO INVESTMENT ANALYSIS AND DECISION-MAKING PROCESSES.
Possible actions:
Address ESG issues in investment policy statements.
Support development of ESG-related tools, metrics, and analyses.
Assess the capabilities of internal investment managers to incorporate ESG issues.
Assess the capabilities of external investment managers to incorporate ESG issues.
Ask investment service providers (such as financial analysts, consultants, brokers, research firms, or rating companies) to integrate ESG factors into evolving research and analysis.
Encourage academic and other research on this theme.
Advocate ESG training for investment professionals.
PRINCIPLE 2
WE WILL BE ACTIVE OWNERS AND INCORPORATE ESG ISSUES INTO OUR OWNERSHIP POLICIES AND PRACTICES.
Possible actions:
Develop and disclose an active ownership policy consistent with the Principles.
Exercise voting rights or monitor compliance with voting policy (if outsourced).
Develop an engagement capability (either directly or through outsourcing).
Participate in the development of policy, regulation, and standard setting (such as promoting and protecting shareholder rights).
File shareholder resolutions consistent with long-term ESG considerations.
Engage with companies on ESG issues.
Participate in collaborative engagement initiatives.
Ask investment managers to undertake and report on ESG-related engagement.
PRINCIPLE 3
WE WILL SEEK APPROPRIATE DISCLOSURE ON ESG ISSUES BY THE ENTITIES IN WHICH WE INVEST.
Possible actions:
Ask for standardised reporting on ESG issues (using tools such as the Global Reporting Initiative).
Ask for ESG issues to be integrated within annual financial reports.
Ask for information from companies regarding adoption of/adherence to relevant norms, standards, codes of conduct or international initiatives (such as the UN Global Compact).
Support shareholder initiatives and resolutions promoting ESG disclosure.
PRINCIPLE 4
WE WILL PROMOTE ACCEPTANCE AND IMPLEMENTATION OF THE PRINCIPLES WITHIN THE INVESTMENT INDUSTRY.
Possible actions:
Include Principles-related requirements in requests for proposals (RFPs).
Align investment mandates, monitoring procedures, performance indicators and incentive structures accordingly (for example, ensure investment management processes reflect long-term time horizons when appropriate).
Communicate ESG expectations to investment service providers.
Revisit relationships with service providers that fail to meet ESG expectations.
Support the development of tools for benchmarking ESG integration.
Support regulatory or policy developments that enable implementation of the Principles.
PRINCIPLE 5
WE WILL WORK TOGETHER TO ENHANCE OUR EFFECTIVENESS IN IMPLEMENTING THE PRINCIPLES.
Possible actions:
Support/participate in networks and information platforms to share tools, pool resources, and make use of investor reporting as a source of learning.
Collectively address relevant emerging issues.
Develop or support appropriate collaborative initiatives.
PRINCIPLE 6
WE WILL EACH REPORT ON OUR ACTIVITIES AND PROGRESS TOWARDS IMPLEMENTING THE PRINCIPLES.
Possible actions:
Disclose how ESG issues are integrated within investment practices.
Disclose active ownership activities (voting, engagement, and/or policy dialogue).
Disclose what is required from service providers in relation to the Principles.
Communicate with beneficiaries about ESG issues and the Principles.
Report on progress and/or achievements relating to the Principles using a comply-or-explain approach.
Seek to determine the impact of the Principles.
Make use of reporting to raise awareness among a broader group of stakeholders.



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