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Date: 2024-05-21 Page is: DBtxt003.php txt00004091

Initiatives ... PRI
Principles for Responsible Investment

The UN backed Principles for Responsible Investment (PRI) is another initiative that avoids the accounting aspect.

Burgess COMMENTARY

Peter Burgess

This is a quick note from February 21, 2013

I found this on the 'TrueCost' website:

'The United Nations backed Principles for Responsible Investment (PRI) and the United Nations Environment Programme Finance Initiative (UNEP FI) commissioned Trucost to calculate the cost of global environmental damage and examine why this is important to the economy, capital markets, companies and institutional investors.'

When I did a Google search using 'PRI', nothing related to this was on the first page. It was only when the search inlcluded UN that something was located.

I thought it would be interesting to become a signatory ... but the annual fees are high relative to any tangible benefit that would likely accrue.

But the most important issue for TrueValueMetrics is that this initiative, like almost all the rest does not make any progress towards meaningful universal reform of the money profit accounting so that valuadd metrics are part of the core system.

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