PRI seeks feedback on future framework

Chief executive Fiona Reynolds says “it’s now time to re-evaluate the reporting framework”


Joe McGrath

Investors have seven days to voice their views on the future of the Principles for Responsible Investment reporting framework.

The UN-backed organisation is consulting with members, including the investment management industry, on planned changes to its reporting framework and related outputs, in an effort to produce more meaningful data.

At present, the reporting framework is paired with an annual assessment of asset managers and a set of minimum requirements for signatory members of the PRI. The framework allows PRI signatories to benchmark their performance against their peers.

In a statement published on Tuesday, Fiona Reynolds, chief executive of the PRI (pictured), said the evolution of the responsible investment market has made it necessary to revisit the framework to ensure it is meeting signatories’ needs.

She said: “As per our commitment when we launched our blueprint for responsible investment, it’s now time to re-evaluate the reporting framework, to ensure that it remains useful and relevant to signatories and the industry at large.

“We’re asking signatories to have their say on the future of the reporting and assessment. If there’s one thing that all signatories are affected by, it’s reporting. This should be a great motivator for all signatories – old and new – to participate.”

Those interested in taking part can complete the survey (here). Reynolds said this consultation is part of a broader review, which has included visits with signatories in 17 global cities.

“Without exception, audiences so far have been engaged and keen to share their views on how they use reporting – the pros and the cons – and put forward ideas to take reporting to the next level of development.”

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