PRI
Principles of Responsible Investment
To enable the Fund to be more global in its engagements we signed up to the Principles for Responsible Investment (PRI) in August 2010. A UN-supported initiative, PRI is the world's leading proponent of responsible investment. To date over 5,000 organisations from all over the world, representing $121 trillion of assets under management, have signed up to the Principles.
PRI
The PRI 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 Principles for Responsible Investment consist of six principles, offering a range of actions for incorporating ESG issues into investment practice.
- We will incorporate ESG issues into investment analysis and decision-making processes
- We will be active owners and incorporate ESG issues into our ownership policies and practices
- We will seek appropriate disclosure on ESG issues by the entities in which we invest
- We will promote acceptance and implementation of the Principles within the investment industry
- We will work together to enhance our effectiveness in implementing the Principles
- We will each report on our activities and progress towards implementing the Principles
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.
More information can be found at www.unpri.org
Assessment Report
PRI signatories are required to publicly report on their responsible investment activities each year. In turn, they receive a number of outputs including a Summary Scorecard. Our 2023 Summary Scorecard showed the Fund was rated highly, scoring well above the PRI median in our categories.
Work Steam
Our main work stream with the PRI currently is:
- Sustainable Stock Exchanges (SSE) - we are members of a group of 50 PRI signatories representing US$ 7.6 trillion in assets under management which is engaging with stock exchanges globally to ask that they enhance the sustainability performance of their listed companies, with particular emphasis on ESG disclosure.