About
The six principles concern e.g. disclosure, assessment, and incorporation of ESG issues into investment analyses, decision-making processes and ownership policies and practices.
The principles intend to promote implementation of the principles within the investment industry, and each principle is supplemented by a list of possible actions/options on how ESG issues can be incorporated. The sixth principle requires that the signatories report on their activities and progress towards implementing the principles.
The principles have more than 5,000 signatories, divided into three categories:
- asset owners,
- investment managers, and
- service providers.
Who does it impact?
The signatory companies and their counterparties.
Status: Launched
Launched in April 2006 at the New York Stock Exchange.
Relation to other initiatives and regulations
The Principles for Responsible Investment are supported by, but not part of, the United Nations (UN).
Thommessen's comments
The Principles for Responsible Investment reflect the increasing relevance of environmental, social and corporate governance issues in investment practice.
The six principles themselves are high-level, voluntary and aspirational, with the only mandatory requirement being to publicly report on the investor's responsible investment activities in accordance with the PRI Reporting Framework.