THE PRI 2021/22 WORK PROGRAMME - BUILDING A BRIDGE BETWEEN FINANCIAL RISK, OPPORTUNITIES AND REAL-WORLD OUTCOMES
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
THE PRI 2021/22 WORK PROGRAMME BUILDING A BRIDGE BETWEEN FINANCIAL RISK, OPPORTUNITIES AND REAL-WORLD OUTCOMES APRIL 2021 An investor initiative in partnership with UNEP Finance Initiative and UN Global Compact
2021/22WORK
PROGRAMME: THE PRI
THE PRI THE PRI’S MISSION
MESSAGE FROM THE CEO “We believe that an economically efficient, sustainable global financial system is
a necessity for long-term value creation. Such a system will reward long-term,
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT responsible investment and benefit the environment and society as a whole.
OUR STRATEGY AND OBJECTIVES
The PRI will work to achieve this sustainable global financial system by
OUR ACHIEVEMENTS 20/21
encouraging adoption of the Principles and collaboration on their
NEW REPORTING AND ASSESSMENT implementation; by fostering good governance, integrity and accountability; and
FRAMEWORK
by addressing obstacles to a sustainable financial system that lie within market
2021 - 24 STRATEGY MAP practices, structures and regulation.”
21/22 PLANS
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
A PROSPEROUS WORLD FOR ALL
ENABLING ENVIRONMENT
THE PRI’s DIGITAL EVENTS
PROGRAMME
PRI ACADEMY
THE PRI BOARD
THE PRI LEADERSHIP TEAM
2 3800+ 103+ 6
UN PARTNERS: SIGNATORIES: US$ TRILLION: PRINCIPLES:
SIGNATORY FEES UNEP FINANCE INITIATIVE ASSET OWNERS, ASSETS UNDER RECOGNISING THE
UN GLOBAL COMPACT INVESTMENT MANAGEMENT MATERIALITY OF
THE BUDGET MANAGERS ENVIRONMENTAL,
AND SERVICE SOCIAL AND
PROVIDERS CORPORATE
SIGNATORY RELATIONS
GOVERNANCE ISSUES
OR UN PARTNERS
2
2021/22WORK
PROGRAMME: MESSAGE FROM THE CEO
The past year has been truly unprecedented. Looking back to the impediments restrict the incorporation of sustainability impact.
beginning of the pandemic, we were all presented with a series We also published a flagship report Investing with SDG
THE PRI . of challenges; firstly, and foremostly, these centred around the Outcomes using the lens of the Sustainable Development Goals
health and safety of our staff around the world, but also to understand real-world outcomes of investments. And
MESSAGE FROM THE CEO included our ways of working and how we could continue to critically, we participated in the European Technical Expert
support our global signatory base to navigate the many issues Group on Sustainable Finance—Taxonomy and this year the
THE BLUEPRINT FOR that COVID-19 raised for global investors whilst delivering PRI’s Nathan Fabian is chairing the EU’s Sustainable Finance
RESPONSIBLE INVESTMENT against our 10-year Blueprint. Platform.
OUR STRATEGY AND OBJECTIVES
I never could have imagined how critical working together to Another key achievement over the past year was the
OUR ACHIEVEMENTS 20/21 deliver swift and decisive action would prove, including development of our new Reporting and Assessment Framework.
establishing collaborative groups to bring the industry together. Launched in February, after extensive signatory consultation, it
NEW REPORTING AND ASSESSMENT In addition, quick measures internally enabled a relatively aims to be simultaneously simpler to complete, yet more
FRAMEWORK seamless transition to digital solutions and home-based working. challenging and consistent, with enhanced outputs. Now in our
Indeed, despite the pandemic and the resulting socioeconomic pilot year, we are actively collecting signatory feedback to
2021 - 24 STRATEGY MAP crisis, I’m proud to say that together we have made great strides ensure continuous improvement. We realise that making
in delivering our goals. And, most importantly, responsible changes to reporting is disruptive and we don't do this lightly.
21/22 PLANS investment has never been more critical, continuing to march We recognise that reporting was delayed this year and that
RESPONSIBLE INVESTORS
Fiona Reynolds into the mainstream and be embedded in global financial some of you experienced some technical issues with the new
SUSTAINABLE MARKETS CEO, PRI regulation. platform. Thank you to all our signatories for your patience
A PROSPEROUS WORLD FOR ALL
and understanding and we apologise for any inconvenience
Throughout the past year, we have focused our efforts around caused. We’re looking forward to working with signatories on
ENABLING ENVIRONMENT
seven flagship projects. As we build toward the rescheduled the outcomes of the pilot.
THE PRI’s DIGITAL EVENTS
COP26, perhaps the most salient of these projects has been
PROGRAMME climate action. We’ve focused on driving net-zero through Despite the pandemic, our growth did not slow. In fact, in many
investor action, corporate engagement and policy reform. ways it served as a kind of proof point for sustainability. Over
PRI ACADEMY the last 12 months, we welcomed 952 new signatories to the
Human rights become a new flagship theme for us, which PRI, including 103 asset owners.
THE PRI BOARD proved incredibly timely in light of the pandemic and the
resulting escalation of social issues. In October, we published Finally, we’ve been hard at work developing PRI’s 2021-24
THE PRI LEADERSHIP TEAM our Human Rights position paper, kicking off a multi-year strategy. Following a collaborative process, with input from
programme to promote understanding and adoption of human across our signatory base and stakeholders, we’re delighted to
SIGNATORY FEES rights in the investment process. release our new strategy under the theme: Building a bridge
between financial risk, opportunities and real-world outcomes.
THE BUDGET Beyond our issues-based flagships, we continued to develop our
core integration work. We released updated guidance on In this document, you will find a review of some of our work for
SIGNATORY RELATIONS manager selection, appointment and monitoring and continued 2020/2021 as well as an outline of our key programmes for
to progress our ESG in Credit Risk and Ratings programme. 2021/2022.
OR UN PARTNERS
We also continued efforts to work with policy makers to enable I’d like to take this opportunity to express my gratitude to all of
more sustainable markets. Through our Legal Framework for you for your continued support and dedication, especially in
Impact project, together with UNEP FI and The Generation what has been an incredibly challenging year. I look forward to
Foundation, we commissioned research aiming to identify and working with all of you over the coming year to realise our
provide recommendations for policy change where legal ambitious vision together. 3
2021/22WORK
PROGRAMME: THE BLUEPRINT FOR RESPONSIBLE INVESTMENT
THE PRI The Blueprint is the PRI’s mandate for the next decade – with an ambitious agenda for the next 10 years, we plan to tackle some of the most pressing
ESG issues in the world today. Through nine priority areas, we will encourage signatories to become more active owners, to inspire leadership and
MESSAGE FROM THE CEO support sustainable investment strategies, resulting in prosperous and inclusive societies for future generations.
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR STRATEGY AND OBJECTIVES
Our goals for the next ten years are laid out in our Blueprint for responsible investment.
OUR ACHIEVEMENTS 20/21
The three-year strategic plan, which came into effect in April 2021, and the Blueprint, which was launched in 2017, were developed through extensive
consultation with signatories, UN partners and the PRI Board.
NEW REPORTING AND ASSESSMENT
FRAMEWORK
RESPONSIBLE
2021 - 24 STRATEGY MAP
INVESTORS
We will strengthen, deepen and
21/22 PLANS
expand our core work: to lead
RESPONSIBLE INVESTORS
responsible investors in their
SUSTAINABLE MARKETS pursuit of long-term value and to
A PROSPEROUS WORLD FOR ALL enhance alignment across the
ENABLING ENVIRONMENT investment chain. SUSTAINABLE
THE PRI’s DIGITAL EVENTS
• EMPOWER ASSET OWNERS MARKETS
PROGRAMME • SUPPORT We will address unsustainable
INVESTORS INCORPORATING aspects of the markets that
PRI ACADEMY ESG ISSUES investors operate in, to achieve
• FOSTER A the economically efficient,
COMMUNITY OF ACTIVE sustainable global financial
THE PRI BOARD
OWNERS system that responsible
A PROSPEROUS
THE PRI LEADERSHIP TEAM • SHOWCASE LEADERSHIP investors and beneficiaries
WORLD FOR ALL
AND INCREASE need. We will enable signatories to
SIGNATORY FEES ACCOUNTABILITY • CHALLENGE BARRIERS TO A improve the real world – now
SUSTAINABLE FINANCIAL and in the future – by
• CONVENE AND encouraging investments that
THE BUDGET SYSTEM
EDUCATE RESPONSIBLE contribute to prosperous and
INVESTORS • DRIVE MEANINGFUL DATA inclusive societies for current
SIGNATORY RELATIONS
THROUGHOUT MARKETS and future generations.
OR UN PARTNERS • CHAMPION CLIMATE ACTION
• ENABLE REAL
WORLD IMPACT ALIGNED
WITH THE SDGs
4
2021/22WORK
PROGRAMME: OUR ACHIEVEMENTS 2020/21
FLAGSHIP PROJECTS
THE PRI Throughout the year we continued to deliver for our signatories, working together to drive responsible investment forward across asset classes, sectors and geographies.
MESSAGE FROM THE CEO Below we highlight progress and achievements on our seven flagship programmes for 2020/21.
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
2021 - 24 STRATEGY MAP
21/22 PLANS
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
ESG IN CREDIT RISK AND MANAGER SELECTION
A PROSPEROUS WORLD FOR ALL CLIMATE ACTION
ENABLING ENVIRONMENT
RATINGS APPOINTMENT AND MONITORING
THE PRI’s DIGITAL EVENTS
PROGRAMME
PRI ACADEMY
We are moving towards net-zero through investor The ongoing second part of this project aims to We updated guidance on selecting, appointing and
action, corporate engagement and policy reform. enhance the transparent and systematic integration monitoring investment managers, and how to include
THE PRI BOARD More than 500 investors representing US$50trn AUM of ESG factors in credit risk analysis. This work now ESG considerations in this process.
have signed up to Climate Action 100+ to includes credit analysts, issuers, consultants and ESG We delivered practical online tools, such as scorecards
THE PRI LEADERSHIP TEAM engage companies on governance reforms, set vendors. A total of 171 institutional investors and frameworks; we set out how ESG clauses can
short, medium, and long-term net-zero targets (>US$36trn AUM) and 26 credit rating agencies have be included in legal documentation; and provided
SIGNATORY FEES and implement TCFD-aligned disclosure. We also signed the statement. examples of asset manager monitoring questions.
encouraged signatories to engage with COP26 and We also delivered an extensive series of We hosted three signatory webinars and a podcast
our pioneering Inevitable Policy Response (IPR) work, webinars, podcasts, workshops facilitating covering different asset owner approaches.
THE BUDGET
which prepares investors for portfolio risks related to bondholder engagement and summary reports. We will continue to review ESG and mandate design
climate change policy. in 2021/22.
SIGNATORY RELATIONS We are part of the COP26 Race to Zero campaign and
encourage investors to join the UN Net-Zero Asset
OR UN PARTNERS Owner Alliance or the Net Zero Asset Managers
initiative.
In addition, we delivered an extensive programme
of webinars and podcasts to support investor action.
5
2021/22WORK
PROGRAMME: OUR ACHIEVEMENTS 2020/21
FLAGSHIP PROJECTS
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
2021 - 24 STRATEGY MAP
21/22 PLANS
RESPONSIBLE INVESTORS
EUROPEAN TECHNICAL
SUSTAINABLE MARKETS
A LEGAL SUSTAINABLE
A PROSPEROUS WORLD FOR ALL EXPERT GROUP ON
HUMAN RIGHTS FRAMEWORK DEVELOPMENT
ENABLING ENVIRONMENT SUSTAINABLE FINANCE –
FOR IMPACT GOALS
THE PRI’s DIGITAL EVENTS
TAXONOMY
PROGRAMME
PRI ACADEMY
In October 2020 we published our To better understand how investors in Our flagship report, Investing with SDG We participated in the European
THE PRI BOARD
Human Rights position paper, informed major jurisdictions can manage their Outcomes, sets out a five-part Technical Expert Group on Sustainable
by the UN Guiding Principles on fiduciary and impact duties within framework for investors that are Finance. Following this, we established
THE PRI LEADERSHIP TEAM Business and Human Rights and the existing legal frameworks, the PRI, seeking to understand the real-world a practitioner group of 37 signatories
OECD Guidelines for Multinational UNEP FI and The Generation outcomes of their investments and to that tested the Sustainable Finance
SIGNATORY FEES Enterprises. The paper clarifies Foundation commissioned expert shape those outcomes in line with the Taxonomy on a real portfolio. We
investors' three-part responsibility to research from Freshfields Bruckhaus SDGs. published their work as a series of case
THE BUDGET respect human rights: policy Deringer. The research, due to be Building on this, we have introduced a studies and a report to provide
commitments; due diligence processes; released in 2021, will make policy series of case studies exploring how guidance for signatories on how the
enable or provide access to remedy. change recommendations where legal institutional investors understand and taxonomy can be implemented.
SIGNATORY RELATIONS
We have developed a multi-year impediments restrict investors shape the real-world outcomes of their The EU’s new Platform on Sustainable
programme to promote the from incorporating sustainability investments. Finance is now chaired by the PRI’s
OR UN PARTNERS understanding of human rights in impact in their investment decision- Chief Responsible Investment Officer,
investment processes. making. Nathan Fabian.
A multi-year, multi-jurisdiction
programme has been established for
the next phase of the work.
6
2021/22WORK
PROGRAMME: NEW REPORTING & ASSESSMENT FRAMEWORK
THE NEW REPORTING FRAMEWORK WAS LAUNCHED ON 1 FEBRUARY 2021.
THE PRI
After extensive review and signatory consultation, the new Reporting Framework aims to be simultaneously simpler to
MESSAGE FROM THE CEO
complete, yet more challenging and consistent, with enhanced outputs.
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
To ensure that it meets the overarching goal of driving positive change in the investment market, the PRI’s development
of the new Reporting Framework followed three guiding points:
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
▪ evolved and more challenging to signatories,
NEW REPORTING AND ASSESSMENT
FRAMEWORK through questions about investment practices
that help drive the mission of the PRI, carefully
2021 - 24 STRATEGY MAP developed to ensure robustness, allow for
21/22 PLANS
minimal misrepresentation and be relevant to
the quickly evolving responsible investment
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
industry;
A PROSPEROUS WORLD FOR ALL ▪ simpler, shorter and more consistent, with a
ENABLING ENVIRONMENT
more straightforward structure that has less
THE PRI’s DIGITAL EVENTS
repetition and fewer and clearer questions;
PROGRAMME
▪ improved and with more flexible outputs that
PRI ACADEMY are easier to navigate and use, supporting
investors in selecting, appointing and monitoring
THE PRI BOARD external managers, and that clearly indicates the
extent to which responsible investment has been
THE PRI LEADERSHIP TEAM
implemented in investment processes and
SIGNATORY FEES decision-making, asset allocation and outcomes.
THE BUDGET
SIGNATORY RELATIONS
OR UN PARTNERS
7
2021/22WORK
PROGRAMME: NEW REPORTING & ASSESSMENT FRAMEWORK
KEY COMPONENTS
THE PRI
2021 is a pilot year, however reporting is still
MESSAGE FROM THE CEO
mandatory and signatories’ responses will be
published and scored. We are actively collecting
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT feedback on the pilot and will review it alongside PRI 2021 REPORTING FRAMEWORK
OUR STRATEGY AND OBJECTIVES data and score distribution to improve and stabilise
the 2022 reporting.
DRIVING POSITIVE
OUR ACHIEVEMENTS 20/21
▪ Introduction of senior leadership statement
NEW REPORTING AND ASSESSMENT
▪
CHANGE
FRAMEWORK Introduction of Core and Plus model
▪ Stewardship incorporated throughout the
IN RESPONSIBLE
2021 - 24 STRATEGY MAP
framework
INVESTMENT
21/22 PLANS
RESPONSIBLE INVESTORS
▪ Common themes collected in Investment &
SUSTAINABLE MARKETS
Stewardship Policy module
A PROSPEROUS WORLD FOR ALL ▪ Introduction of sustainability outcomes
ENABLING ENVIRONMENT
▪ Asset class-specific modules allow
THE PRI’s DIGITAL EVENTS differentiation of responses by strategy or sub- DEVELOPED WITH SIGNATORIES,
PROGRAMME
asset types FOR SIGNATORIES
PRI ACADEMY
▪ 50% decrease in the number of indicators and
THE PRI BOARD
sub-indicators across the framework
THE PRI LEADERSHIP TEAM
SIGNATORY FEES
THE BUDGET
SIGNATORY RELATIONS
OR UN PARTNERS
8
2021/22WORK
PROGRAMME:
2021-24 STRATEGY MAP
Guided by the six Principles for Responsible Investment and the PRI Mission
THE PRI
STRATEGIC THEME 2021 – 24
BUILDING A BRIDGE BETWEEN FINANCIAL RISK, OPPORTUNITIES AND REAL-WORLD OUTCOMES
MESSAGE FROM THE CEO
STRATEGIC DRIVERS KEY INITIATIVES 2021-24 ENABLERS
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
2021 - 24 STRATEGY MAP
21/22 PLANS
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
A PROSPEROUS WORLD FOR ALL
ENABLING ENVIRONMENT
THE PRI’s DIGITAL EVENTS
PROGRAMME
PRI ACADEMY
THE PRI BOARD
THE PRI LEADERSHIP TEAM
SIGNATORY FEES
THE BUDGET
SIGNATORY RELATIONS
OR UN PARTNERS
Read our new three year
strategy at:
unpri.org/strategy-paper
9
2021/22WORK
PROGRAMME: 2021/22 PLANS
RESPONSIBLE INVESTORS
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
EMPOWER ASSET SUPPORT INVESTORS FOSTER A COMMUNITY OF
OWNERS INCORPORATING ESG ISSUES ACTIVE OWNERS
2021 - 24 STRATEGY MAP
■ Mandate development: Develop tools and guides for asset ■ RI tools: Add to existing suite of DDQs, case studies and ■ PRI leaders programme 2021: Identify and promote leading
21/22 PLANS
owners on mandate development, including incorporating introductory guides, as well as data insights from PRI reporting investors in stewardship.
RESPONSIBLE INVESTORS real-world outcomes. Building on recently updated guidance data. ■ Active Ownership 2.0:
SUSTAINABLE MARKETS on selecting, appointing and monitoring investment ■ Fixed income: • Provide digital content and case studies to illustrate key
A PROSPEROUS WORLD FOR ALL
managers. • ESG in Credit Risk and Ratings: Convene key groups to concepts.
■ UN-convened Net-Zero Asset Owner Alliance: Encourage promote ESG incorporation into research and analysis by • Convene asset owners and stewardship service providers to
ENABLING ENVIRONMENT
asset owners to commit to net-zero and join the alliance. credit rating agencies. understand how they can best align with asset owner
Convened by UNEP FI and PRI, AOA members are publishing • Sovereign debt: Educate investors on how priority ESG issues interests and Active Ownership 2.0. Produce and disseminate
THE PRI’s DIGITAL EVENTS and implementing 2025 targets in line with the Paris
PROGRAMME are incorporated into investment decision-making and guidance on best practice.
Agreement. stewardship. • Understand asset owners optimal resource allocation to
■ Paris-aligned portfolios: Develop relevant tools for the asset • Sub-sovereign debt: Produce practical guidance on ESG system stewardship, to encourage leaders to address
PRI ACADEMY
owner community. incorporation and engagement. ESG/sustainability issues that have the potential to impact on
■ Index providers and passive: Identify opportunities where • Structured products: Produce a report on ESG incorporation. overall returns and portfolio value.
THE PRI BOARD asset owners can improve their choices relating to ESG ■ Listed equity: Identify leading practice and review and update ■ Collaborative engagements: Continue CA100+ and
passive and quant strategies. the ESG integration in the listed equity technical guide. engagement on sustainable commodities (palm oil, soy and
THE PRI LEADERSHIP TEAM ■ Resources for smaller asset owners: Produce a range of ■ Private markets: Raise awareness and broaden commitment cattle supply chains). Launch new collaborative engagement
resources to support smaller asset owners in raising the to net-zero targets among LPs (private equity and on human rights.
SIGNATORY FEES standard of ESG incorporation. infrastructure). Convene and educate infrastructure investors ■ Escalation pathways: Set out different escalation pathways for
and governments on investing in line with sustainability corporate engagement that is unsuccessful - following on from
THE BUDGET outcomes to promote collaboration. Inform, educate and raise Making Voting Count document and Acting in Concert work.
awareness of the current RI landscape in venture capital and ■ Annual proxy season support: Support signatories posting
SIGNATORY RELATIONS
identify issues and barriers. Convene relevant stakeholders to resolutions on the PRI Collaboration Platform and maintain the
challenge barriers and define opportunities in private debt. shareholder resolution database through northern hemisphere
Develop a DDQ for hedge funds and publish paper on short proxy season.
OR UN PARTNERS
strategies.
102021/22WORK
PROGRAMME: 2021/22 PLANS
RESPONSIBLE INVESTORS
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
SHOWCASE LEADERSHIP AND CONVENE AND EDUCATE
INCREASE ACCOUNTABILITY INVESTORS
2021 - 24 STRATEGY MAP
■ Review the pilot 2021 Reporting Framework feedback and ■ Host the first global PRI Digital Conference in October
21/22 PLANS
data to ensure it is fit for purpose, remains relevant to 2021.
RESPONSIBLE INVESTORS evolving responsible investment practices and is useful for ■ Launch a programme of thematically-focused Digital
SUSTAINABLE MARKETS signatories and the responsible investment market as a Forums, covering issues such as climate and nature
A PROSPEROUS WORLD FOR ALL
whole. The feedback will be incorporated in the 2022 action, sustainability outcomes and ESG incorporation
reporting and assessment. across asset classes.
ENABLING ENVIRONMENT
■ Run the third annual PRI Awards, using a new online
■ The Academy will conduct an in-depth review and
platform to streamline the entry process and increase
THE PRI’s DIGITAL EVENTS redesign of its courses, ensuring it delivers the latest
transparency around results.
PROGRAMME PRI content, meets industry training needs and
■ Continue identifying signatories that are doing great benefits from best practice in learning experience
PRI ACADEMY
work in implementing responsible investment design.
and showcase them via the Leaders’ Group,
■ The Academic Research Programme will showcase
using scores from a variety of Assessment
THE PRI BOARD high-quality research findings to investors and
Report modules. The theme for 2021 is Stewardship.
academics via blogs, newsletters and interactive
■ Announce increased minimum requirements in July seminars. Research insights will also be profiled at our
THE PRI LEADERSHIP TEAM
2021 (to be implemented in 2022) following rigorous digital conference, Academic Network Week. The
analysis and modelling. programme will support the PRI with in-house research
SIGNATORY FEES
as needed. Resources such as searchable tools for RI
research and data will be available.
THE BUDGET
SIGNATORY RELATIONS
OR UN PARTNERS
112021/22WORK
PROGRAMME: 2021/22 PLANS
SUSTAINABLE MARKETS
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
CHALLENGE BARRIERS TO A DRIVE MEANINGFUL DATA
SUSTAINABLE FINANCIAL SYSTEM THROUGHOUT MARKETS
2021 - 24 STRATEGY MAP
■ Financial policy: Conduct analysis and engage with policy ■ Reporting and tracking outcomes by investors: Set out
21/22 PLANS
makers, regulators and investors on regulation and ESG PRI’s approach and explore the challenge of reporting
RESPONSIBLE INVESTORS disclosure in EU, UK, US, China and Japan. outcomes across issues and asset classes.
SUSTAINABLE MARKETS ■ Multilateral policy: Engage with OECD, G7/G20 and other ■ Accounting for climate change: Implement IASB and
A PROSPEROUS WORLD FOR ALL
key organisations to align financial policies with IAASB guidance on inclusion of climate risks in financial
sustainability. reporting, including supporting Climate Action 100+
ENABLING ENVIRONMENT
■ Legal Framework for Impact: Conduct a three-year, multi- company engagement with analysis of financial reports,
jurisdiction programme to implement the areas for engagement with auditors, accounting firms, standards
THE PRI’s DIGITAL EVENTS
PROGRAMME
reform presented in A Legal Framework for Impact report setters and regulators, and coordinating with other
(due mid-2021) where PRI and UNEP FI have expertise and investor initiatives.
can leverage existing initiatives to maximum effect. ■ Global corporate sustainability reporting: Support
PRI ACADEMY
■ Signatory input on EU regulation: Sharing industry practice standard setters and regulators in their efforts to
and supporting signatories in responding to EU regulatory harmonise sustainability reporting globally and
THE PRI BOARD developments. advocate for a reporting system which supports risk
■ Index providers' influence on financial system and return investment decision-making and encourages
THE PRI LEADERSHIP TEAM sustainability: Provide thought leadership on how passive investors to consider wider sustainability outcomes.
investment fits in a sustainable financial system and what
SIGNATORY FEES role different actors (should) play to eliminate potential
barriers to responsible investment.
THE BUDGET
■ Sustainable pensions system design: Continue country
research and analysis of how national pension system
design enables or hinders good sustainability outcomes.
SIGNATORY RELATIONS
OR UN PARTNERS
122021/22WORK
PROGRAMME: 2021/22 PLANS
A PROSPEROUS WORLD FOR ALL
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
CHAMPION CLIMATE ENABLE REAL-WORLD IMPACT
ACTION ALIGNED WITH THE SDGS
2021 - 24 STRATEGY MAP
▪ Guidance and capacity building for signatories: Refresh ▪ Investing with SDG outcomes: Provide further support to
21/22 PLANS
our TCFD guidance. Continue to provide support for investors on their role in shaping sustainability outcomes
RESPONSIBLE INVESTORS signatories to make use of Inevitable Policy Response (IPR) through case studies, asset class level and engagement
SUSTAINABLE MARKETS scenarios. Support asset owners in making net-zero guidance, and tools for target-setting and assessing
A PROSPEROUS WORLD FOR ALL
commitments, setting targets and joining the UN- sustainability performance.
convened Net-Zero Asset Owner Alliance and its working ▪ Flagship programme on human rights: Support signatories
ENABLING ENVIRONMENT
tracks. Encourage investment managers to join the Net- to understand and implement their responsibility to
Zero Asset Managers initiative. Publish Investor Climate respect human rights through a comprehensive suite of
THE PRI’s DIGITAL EVENTS Action Plans framework and guidance to help investors case studies, a new collaborative engagement and
PROGRAMME
take robust action on climate and navigate climate addressing standardisation and convergence of data.
initiatives. ▪ Investing within planetary boundaries: In connection with
PRI ACADEMY ▪ Policy engagement: Develop the next phase of the our climate programme, support investors on sustainable
Inevitable Policy Response (IPR) project, including updates commodities. This includes a collaborative engagement on
THE PRI BOARD of the IPR modelling for 1.5C and share IPR analysis with key commodities driving deforestation, convening
policy makers in the lead up to COP26. Collaborate with investors to share best practice and data on biodiversity,
THE PRI LEADERSHIP TEAM other investor groups to accelerate investor action on a and kicking off a multi-year programme on the circular
net-zero emissions economy. Signatories are invited to join economy, building on the activities of the plastics investor
the Global Investor Statement on Climate Crisis ahead of working group.
SIGNATORY FEES
G7/COP26. Investor Climate Action Plans framework and ▪ Investor action towards inclusive societies: Establish
guidance to be published. Contribute to the COP26 High new programmes on the role of investors in decent work,
THE BUDGET Level Champions team and Race to Zero campaign to along with support and tools for investors on diversity,
advance net-zero targets and financing of sector equity and inclusion.
SIGNATORY RELATIONS transitions. ▪ Corporate cultures for sustainability performance:
▪ Climate reporting and disclosure: Support investors to Building on existing guidance on tax transparency and
OR UN PARTNERS report on their activities in line with TCFD responsibility, develop further expectations and support
recommendations and net-zero commitments through the for investors on tax fairness, along with new resources on
PRI reporting framework. responsible political engagement.
▪ Define future programmes of work on additional priority
ESG issues: Physical climate risks, digital transformation
and corporate purpose.
132021/22WORK
PROGRAMME: 2021/22 PLANS
ENABLING ENVIRONMENT
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK SUPPORTING SIGNATORIES SUPPORTING OUR PEOPLE FINANCIAL MANAGEMENT
2021 - 24 STRATEGY MAP
21/22 PLANS ▪ Increase our global presence to ▪ Undertake a diversity, equity & ▪ Supporting our global
RESPONSIBLE INVESTORS support signatories locally in their inclusion review by an expert operations.
SUSTAINABLE MARKETS responsible investment consultant and begin ▪ Continuing to develop our
A PROSPEROUS WORLD FOR ALL implementation. to implement an action plan.
ENABLING ENVIRONMENT
new financial accounting
▪ Deliver the benefits from our ▪ Create and embed agile working system.
THE PRI’s DIGITAL EVENTS Digital Transformation to our appropriate for a post-covid
PROGRAMME ▪ Employing KPMG to conduct
signatories and stakeholders at working environment. an organisation-wide review of
scale. This will enhance and
PRI ACADEMY
our business processes,
personalise our approach to virtual ▪ Enhance the digital induction starting with a heatmap
THE PRI BOARD forums and events, collaborative programme, fit for a growing, of priority areas.
engagements, online learning, globalised organisation.
THE PRI LEADERSHIP TEAM
networking, and diversify our ▪ Ensuring we maintain strong
SIGNATORY FEES content through dynamic web. ▪ Undertake a review of PRI's global reserves to underwrite our
reward strategy. mission and continue to be
THE BUDGET ▪ Drive signatory engagement resilient.
towards action-oriented initiatives. ▪ Enable the existing workforce to
SIGNATORY RELATIONS move to a more globalised
organisation.
OR UN PARTNERS
142021/22WORK
PROGRAMME: THE PRI’S DIGITAL EVENTS PROGRAMME
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
PRI DIGITAL CONFERENCE
JOIN US FROM 18-21 OCTOBER FOR OUR FIRST GLOBAL ONLINE EVENT.
NEW REPORTING AND ASSESSMENT
FRAMEWORK
This October, the PRI will bring together investors, policy makers and other sustainable finance
2021 - 24 STRATEGY MAP
stakeholders from around the world for an online exchange of views and ideas.
21/22 PLANS
RESPONSIBLE INVESTORS The PRI Digital Conference will deliver an incisive programme spanning time zones, geographies, and
SUSTAINABLE MARKETS of course the most critical themes for responsible investors in 2021. The event, which will be free to
A PROSPEROUS WORLD FOR ALL
attend, will open for registrations in late April.
ENABLING ENVIRONMENT
THE PRI’s DIGITAL EVENTS
PROGRAMME
PRI DIGITAL FORUMS SPOTLIGHT SERIES
PRI ACADEMY As well as our usual programme of webinars, we are pleased to announce that this year’s digital
THE PRI BOARD
events calendar will include a series of monthly spotlights on key responsible investment themes.
We will kick off in May with Climate & Nature Action, and in June we will focus on sustainability
THE PRI LEADERSHIP TEAM outcomes and SDGs.
SIGNATORY FEES
THE BUDGET
For more information about the Spotlight Series or any of our other events, visit unpri.org/events
or contact events@unpri.org.
SIGNATORY RELATIONS
OR UN PARTNERS
152021/22WORK
PROGRAMME:
THE GLOBAL LEADER IN RESPONSIBLE INVESTMENT TRAINING
THE PRI
MESSAGE FROM THE CEO In 2021/22 the Academy will seek to solidify its position as the global
THE BLUEPRINT FOR
leader in online responsible investment training, by more effectively
RESPONSIBLE INVESTMENT leveraging the PRI’s unique experience, industry insights and data; and
OUR STRATEGY AND OBJECTIVES creating more engaging and immersive courses that address industry pain
OUR ACHIEVEMENTS 20/21
points in ESG incorporation.
NEW REPORTING AND ASSESSMENT
FRAMEWORK The PRI Academy will:
2021 - 24 STRATEGY MAP
▪ Complete the rollout of a new Learning Management System (LMS)
to provide a modern and user-friendly learning environment;
21/22 PLANS
▪ Follow the successful launch of a new version of 'Getting Started in
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
RI' (the Academy’s most popular course), with updates to all the
A PROSPEROUS WORLD FOR ALL Academy’s courses by the second quarter of 2021;
ENABLING ENVIRONMENT
▪ Initiate a comprehensive review of the Academy’s offering to ensure
THE PRI’s DIGITAL EVENTS we continue to meet industry training needs and that our portfolio of
PROGRAMME
courses encourages ongoing learning and progression;
Visit our website or contact us
PRI ACADEMY ▪ Create immersive and engaging new learning materials which for more information
THE PRI BOARD
benefit from the latest thinking in learning experience design; make
greater use of simulations, exercises, and case studies; and feature WWW.PRIACADEMY .ORG
THE PRI LEADERSHIP TEAM increased content from practitioners as well as PRI experts. PRIACADEMY@UNPRI.ORG
SIGNATORY FEES
+44 (0) 20 3714 3169
THE BUDGET
SIGNATORY RELATIONS
OR UN PARTNERS
162021/22WORK
PROGRAMME: THE PRI BOARD
THE BOARD IS COMPOSED OF ONE INDEPENDENT CHAIR, 10 DIRECTORS AND TWO PERMANENT UN ADVISORS
Chair Directors elected by asset owners
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
Martin Skancke Angela Emslie Eva Halvarsson Hiromichi Mizuno Renosi Mokate Laetitia Tankwe Sharon Hendricks Xander den Uyl
OUR ACHIEVEMENTS 20/21 Independent HESTA (Australia) AP2 (Sweden) Tokyo University (Japan) GEPF (South Africa) Ircantec (France) CalSTRS (USA) ABP (Netherlands)
Appointed until 2023 Elected until 2021 Elected until 2022 Elected until 2022 Elected until 2023 Elected until 2021 Elected until 2021 Elected until 2021
NEW REPORTING AND ASSESSMENT
FRAMEWORK
Directors elected by non-asset owners Permanent UN advisors BOARD PRIORITIES
2021 - 24 STRATEGY MAP ▪ Purpose and mission consultation
▪ Reporting and Assessment Framework reform
21/22 PLANS
▪ Enabling growth:
RESPONSIBLE INVESTORS
▪ Post-Covid ways of working
SUSTAINABLE MARKETS
A PROSPEROUS WORLD FOR ALL ▪ Digitalisation
Wendy Cromwell Tycho Sneyers Michael Jantzi Sanda Ojiambo Eric Usher
ENABLING ENVIRONMENT
UN Global Compact UNEP FI ▪ Globalisation
Wellington (USA) LGT (Switzerland) Sustainalytics (Netherlands)
Elected until 2021 Elected until 2023 Elected until 2022
(New York) (Switzerland) ▪ Oversight of business processes review programme
THE PRI’s DIGITAL EVENTS
PROGRAMME
BOARD ELECTIONS
PRI ACADEMY
The 2021 PRI Board elections is for four asset owner positions and one investment manager position. The call for nominations will begin in June 2021. To register
THE PRI BOARD
your interest in advance, email: governance@unpri.org.
THE PRI LEADERSHIP TEAM YOUR RIGHTS AS A SIGNATORY SEPTEMBER 2021 SIGNATORY GENERAL MEETING (SGM)
We encourage signatories to participate actively in all areas of PRI governance, and The SGM is an important forum for communication between the board
SIGNATORY FEES
there are regular opportunities for all categories of signatory to do so. These include and signatories. The board will report to signatories on the PRI’s
the election of directors, formal consultations and participation in the annual strategy and its implementation; the work undertaken by the board
THE BUDGET
Signatory General Meeting. We want to ensure that our priorities are guided by the and its committees; forthcoming board elections; any formal
signatories and we stay relevant and useful. It is our primary responsibility to make consultations or non-binding resolution results; and any other ordinary
SIGNATORY RELATIONS
sure that the PRI advances its mission and provides value to its signatories. For a full and special business.
list of signatory rights, visit the PRI website.
OR UN PARTNERS
Martin Skancke
Chair, PRI
Read more about board elections and other aspects of PRI governance at unpri.org/pri/pri-governance 172021/22WORK
PROGRAMME: THE PRI LEADERSHIP TEAM
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK FIONA REYNOLDS
Chief Executive
2021 - 24 STRATEGY MAP
Officer
21/22 PLANS
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
A PROSPEROUS WORLD FOR ALL
ENABLING ENVIRONMENT
THE PRI’s DIGITAL EVENTS
PROGRAMME
PRI ACADEMY
THE PRI BOARD
THE PRI LEADERSHIP TEAM LORENZO SAÀ SHELAGH WHITLEY NATHAN FABIAN GRAEME GRIFFITHS LIAN HILLIER MARK BLAIR
Chief Signatory Chief Sustainability Chief Responsible Chief Operating Chief People Chief Financial
SIGNATORY FEES
Relations Officer Officer Investment Officer Officer Officer Officer
THE BUDGET
SIGNATORY RELATIONS
To learn more about our leadership team and to contact a sector specialist to discuss a particular area of our work, visit
OR UN PARTNERS
unpri.org/meet-the-team
182021/22WORK
PROGRAMME: SIGNATORY FEES
THE PRI The annual signatory fee is due each April and is adjusted per each signatory’s category and assets under management or number of
employees. The PRI Board approved a 2 percent fee increase in line with UK inflation for 2021/2022 at its March 2021 meeting.
MESSAGE FROM THE CEO
FEE SCHEDULE 2021/22
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
OUR ACHIEVEMENTS 20/21
NEW REPORTING AND ASSESSMENT
FRAMEWORK
2021 - 24 STRATEGY MAP
Asset owners Investment managers Service providers
21/22 PLANS
RESPONSIBLE INVESTORS AUM AUM
SUSTAINABLE MARKETS (US$ billion) Fee (£) (US$ billion) Fee (£) Employees Fee (£)
A PROSPEROUS WORLD FOR ALL
ENABLING ENVIRONMENT > 10 8,781 >50 14,222 >200 8,781
THE PRI’s DIGITAL EVENTS 5 - 9.99 6,659 30 – 50 12,505 51 – 200 6,659
PROGRAMME
1 - 4.99 3,069 10 – 29.99 11,372 26 – 50 3,069
PRI ACADEMY
0.1 - 0.99 874 5 – 9.99 7,959 11 – 25 874
THE PRI BOARD
0 - 0.1 478 1 – 4.99 4,5462021/22WORK
PROGRAMME: THE BUDGET
OPERATING EXPENSES FORECAST 2020/21 BUDGET 2020/21 The Blueprint for Responsible Investment sets out our high-
(£000s) (£000s) level ambitions for the next decade. Broken down into more
THE PRI detailed three-year plans, the 2021/22 budget represents the
first year of the 2021-2024 planning cycle. More specifically,
MESSAGE FROM THE CEO
Signatory fees renewals 17,046 20,264
the next financial year provides for:
UN Asset Owner Alliance fees 500 630 ▪ An increased investment in IT;
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT ▪ Expansion of our communication effort;
Events 0 270
▪ Strengthening Content and Policy teams;
OUR STRATEGY AND OBJECTIVES
PRI Academy 950 1,000 ▪ Further development of our digital capabilities and on-line
OUR ACHIEVEMENTS 20/21
platforms;
Grants & other restricted funding 1,749 2,394 ▪ Extending the Signatory Relations network;
NEW REPORTING AND ASSESSMENT ▪ Investing in HR and Finance to cope with growing
TOTAL OPARATING REVENUE 20,245 24,558
FRAMEWORK complexity and size.
2021 - 24 STRATEGY MAP
OPERATING EXPENSES FORECAST 2020/21 BUDGET 2020/21 ESTIMATED 2020/21 SPEND AGAINST
21/22 PLANS (£000s) (£000s) BLUEPRINT PRIORITIES
RESPONSIBLE INVESTORS
Reporting & Assessment 1,600 1,533
SUSTAINABLE MARKETS
ENABLE RESPONSIBLE
A PROSPEROUS WORLD FOR ALL Signatory Relations 3,300 4,158 ENVIRONMENT INVESTORS
ENABLING ENVIRONMENT 33% 53%
PRI Academy 450 738
THE PRI’s DIGITAL EVENTS
PROGRAMME Content 3,500 5,665
UN Asset Owner Alliance 250 890 28%
PRI ACADEMY
Communications & Events 1,800 2,419
THE PRI BOARD
Event 250 270 58%
THE PRI LEADERSHIP TEAM
Grants 1,749 2,394 PROSPEROUS
WORLD 8%
SIGNATORY FEES
Total Services 12,899 18,067 7% SUSTAINABLE
MARKETS
Management & Operations 4,904 6% 7%
THE BUDGET 3,300
SIGNATORY RELATIONS Partnerships (fundraising) 170 190
The surplus for 2020/21 relates to those expenditures
London premises 875 944 curtailed or delayed by the pandemic, such as travel and
OR UN PARTNERS
staff recruitment. Signatory growth and the performance of
Chair/Board 140 172 the PRI Academy were also significant contributors. This
surplus represents just over one month’s future
Total operating expenses 17,384 24,277 expenditure and will support both reserves creation and the
underwriting of signatory programmes.
EBITDA 2,861 281 202021/22WORK
PROGRAMME:
SIGNATORY RELATIONS GLOBAL
LorenzoSaa
We have staff based in 16 countries and work with signatories in more than 80 countries. Chief Signatory Relations Officer
lorenzo.saa@unpri.org
THE PRI
MESSAGE FROM THE CEO REGIONAL DIRECTORS
AMERICAS NORTHERN EUROPE AND MEA CONTINENTAL EUROPE ASIA-PACIFIC
ChrisFowle AnastasiaGuha MarieLuchet MatthewMcadam
Director of Americas Director of Northern Europe and MEA Director of Continental Europe Director of Asia-Pacific
THE BLUEPRINT FOR
chris.fowle@unpri.org anastasia.guha@unpri.org marie.luchet@unpri.org matthew.mcadam@unpri.org
RESPONSIBLE INVESTMENT
OUR STRATEGY AND OBJECTIVES
UK & IRELAND UK
OUR ACHIEVEMENTS 20/21 CANADA CANADA
Eline Sleurink Siobhan Archer
Kelly Krauter NORDICS, CEE & CIS
Lindsey Walton Head of UK and Ireland Relationship Manager, UK
Relationship Manager, YuliaSofronova
Head of Canada eline.sleurink@unpri.org siobhan.archer@unpri.org
Canada Head of Nordic, CEE & CIS
NEW REPORTING AND ASSESSMENT lindsey.walton@unpri.org
kelly.krauter@unpri.org yulia.sofronova@unpri.org
FRAMEWORK
NETHERLANDS
BELGIUM & LUXEMBOURG
Jennifer Moreau Don Gerritsen
2021 - 24 STRATEGY MAP Head of Belgium & Luxembourg Head of Netherlands Magnus Oden
jennifer.moreau@unpri.org don.gerritsen@unpri.org Co-head of Nordics
magnus.oden@unpri.org JAPAN
US
21/22 PLANS FRANCE MichiyoMorisawa
ShaskaChirinos GERMANY & AUSTRIA Head of Japan
Annaïg Antoine
RESPONSIBLE INVESTORS Relationship Manager, Mid-West US michiyo.morisawa@unpri.org
Relationship Manager, France Dustin Neuneyer SWITZERLAND
shaska.chirinos@unpri.org
annaig.antoine@unpri.org Head of Germany and Austria
SUSTAINABLE MARKETS Olivia Villette
dustin.neuneyer@unpri.org
Head of Switzerland JAPAN
US
A PROSPEROUS WORLD FOR ALL olivia.villette@unpri.org MinakoYoneyama
FRANCE
Carol Jeppesen
BenLeblique Relationship Manager, Japan
ENABLING ENVIRONMENT Head of US GERMANY
minako.yoneyama@unpri.org
carol.jeppesen@unpri.org Relationship Manager, France
Melanie Klebeck
US & CANADA ben.leblique@unpri.org
Relationship Manager, Germany
melanie.klebeck@unpri.org CHINA CHINA
THE PRI’s DIGITAL EVENTS Ophir Bruck
Relationship Manager, US NanLuo Bo Wang
PROGRAMME SOUTHERN EUROPE
ophir.bruck@unpri.org Head of China Associate, China
AntonioSantoro nan.luo@unpri.org bo.wang@unpri.org
Head of Southern Europe
antonio.santoro@unpri.org
PRI ACADEMY ASIA (EXCL, CHINA & JAPAN
BRAZIL
James Robertson
MarceloSeraphim Head of Asia (excl.-China and Japan)
THE PRI BOARD Head of Brazil
AFRICA & ME james.robertson@unpri.org
marcelo.seraphim@unpri.org AUSTRALASIA
Nicole Martens
Sheela Veerappan
Head of Africa & Middle East
THE PRI LEADERSHIP TEAM nicole.martens@unpri.org Head of Australasia
sheela.veerappan@unpri.org
LATIN AMERICA
Eduardo Atehortua Barrero
SIGNATORY FEES Head of Latin America (excl.-Brazil)
eduardo.atehortua@unpri.org
THE BUDGET
SIGNATORY RELATIONS
SIGNATORY RELATIONS OPERATIONS SIGNATORY RELATIONS OPERATIONS
To find out more about the PRI and our Principles forResponsible Investment
Ben Newsom
OR UN PARTNERS activities, contact one of our regional 5th Floor, 25 Camperdown Street, Head of Signatory Relations Operations
Fernando Olmedo
Associate, Signatory Relations
ben.newsom@unpri.org
Relationship Managers, or get in touch London, E1 8DZ, UK fernando.olmedo@unpri.org
through our head office: SIGNATORY RELATIONS OPERATIONS SIGNATORY RELATIONS OPERATIONS
T: +44 (0) 20 3714 3141 Remi Fernandez Harry Oates
info@unpri.org - www.unpri.org Associate, Signatory Relations
remi.fernandez@unpri.org
Associate, Signatory Relations
harry.oates@unpri.org
212021/22WORK
PROGRAMME:
OUR UN PARTNERS
THE PRI
MESSAGE FROM THE CEO
THE BLUEPRINT FOR
RESPONSIBLE INVESTMENT
United Nations Environment Programme Finance Initiative (UNEP FI)
OUR STRATEGY AND OBJECTIVES
UNEP FI is a unique partnership between the United Nations Environment Programme (UNEP) and the global
financial sector. UNEP FI works closely with over 200 financial institutions that are signatories to the UNEP FI
OUR ACHIEVEMENTS 20/21
Statement on Sustainable Development, and a range of partner organisations, to develop and promote
linkages between sustainability and financial performance. Through peer-to-peer networks, research and
NEW REPORTING AND ASSESSMENT
FRAMEWORK
training, UNEP FI carries out its mission to identify, promote, and realise the adoption of best environmental
and sustainability practice at all levels of financial institution operations.
2021 - 24 STRATEGY MAP
More information: www.unepfi.org
21/22 PLANS
RESPONSIBLE INVESTORS
SUSTAINABLE MARKETS
A PROSPEROUS WORLD FOR ALL
ENABLING ENVIRONMENT
THE PRI’s DIGITAL EVENTS
PROGRAMME
UN Global Compact
PRI ACADEMY
Launched in 2000, the United Nations Global Compact is a both a policy platform and a practical framework
for companies that are committed to sustainability and responsible business practices. As a multi-
THE PRI BOARD
stakeholder leadership initiative, it seeks to align business operations and strategies with ten universally
accepted principles in the areas of human rights, labour, environment and anti-corruption, and to catalyse
THE PRI LEADERSHIP TEAM
actions in support of broader UN goals. With 7,000 corporate signatories in 135 countries, it is the world’s
largest voluntary corporate sustainability initiative.
SIGNATORY FEES
THE BUDGET More information: www.unglobalcompact.org
SIGNATORY RELATIONS
OR UN PARTNERS 22
22You can also read
