Rather than just celebrate the tenth anniversary of the United Nations Principles for Responsible Investment, it seemed more appropriate to focus instead on the work not yet done. The last decade has been critical in terms of socializing the Principles and gaining signatories. The uptake has been dramatic. From a cold start the PRI is now at roughly 1,500 signatories representing more than US$60 Trillion.
Now the question is what are those signatories doing with the Principles. The mission states: “The PRI will work to achieve this sustainable global financial system by encouraging adoption of the Principles and collaboration on their implementation; by fostering good governance, integrity and accountability; and by addressing obstacles to a sustainable financial system that lie within market practices, structures and regulation.”
The numbers do not yet add. Continue reading “UN PRI turns ten”