The Academic Research team connect investment practitioners with academic insight by bringing investors and academics together to collaborate, by sponsoring bespoke practitioner-focused research and by bringing the best insights from existing academic research to investors in a practical format.
opportunities - call for research (CLOSED)
EXAMINING FACTORS OF SUCCESS FOR INVESTOR-COMPANY ENGAGEMENT ON ESG ISSUES
With an exciting funding opportunity for academic research that will bring together scholars and investment practitioners for practical evidence and insights, the PRI invites expressions of interest (EoI) for research examining which factors create successful investor-company engagement on environmental, social and governance (ESG) issues. Up to £10,000 (equivalent) is available to support this internationally-focused research project.
The research should address the following key questions:
- How can investors and companies have a constructive engagement on ESG issues?
- How effective are investor collaborations in conducting engagements with companies on ESG issues and influencing corporate behaviour?
From the EoI, candidates will be shortlisted and one will be invited to submit a full proposal. The successful candidate will be provided with access to PRI’s Clearinghouse data. The project is expected to start in August 2016 and be completed within 12 months. Preference will be given to EoI’s submitted by teams consisting of members domiciled in different regions of the world including at least one academic and one investment practitioner. Multidisciplinary approaches are welcomed.
The PRI is delighted to be part of the selection jury in collaboration with highly respected academics and practitioners:
- Tessa Hebb, Carleton Centre for Community Innovation, Carleton University, Distinguished Research Fellow
- Terry McNulty, University of Liverpool, Professor of Management and Corporate Governance & Associate Head of School
- Michael McCauley, Florida State Board of Administration. Senior Officer, Investment Programs and Governance
- Kris Douma, PRI, Director, Investment Practices and Reporting
- Valeria Piani, PRI, Associate Director, ESG Engagements
- Katherine Ng, PRI, Head of Academic Research
Enquiries and questions about the data, including accessing the Collaboration Platform should be directed to: firstname.lastname@example.org.
Calling on investors to heed the new climate change calculus of the Paris Agreement, articles discuss the location and nature of stranded assets, if it is possible to hedge climate change risks via asset allocation decisions and the use of decarbonised indexes, the role of investment consultants in supporting the transition to a low-carbon economy and what policy framework is needed to shift asset allocations towards sustainable energy infrastructure.
The Academic Network Conference was integrated with PRI in Person for the first time in 2015, with a full stream dedicated to academic research. This issue presents the three winning papers, exploring the political influence on investment preferences in the US, ESG data and materiality and the illusion of returns from sin stocks.
Reporting and disclosure are often seen as lengthy and burdensome, but done well they bring transparency, thus breeding trust and creating value. Is it possible to unleash better performance through better reporting and disclosure?
Nearly 10 years on from its inception, it is important to assess the impact of the PRI on responsible investment practices. To what extent is the vision to mobilise asset owners being achieved, and how effective is the PRI at enabling investors to act collectively?
The best of the 2014 Academic Network conference, including winning papers from the PRI-Sustainalytics prize for Excellence in Responsible Investment Research. Topics include: ESG integration; shareholder engagement; short-termism and structural market failure; social finance and transparency and reporting.
Our changing climate is one of the greatest threats to society, business and long-term profitability. How can companies better report on greenhouse gas emissions and how do investors respond to information on climate change when it is made available?
The PRI’s mission is to create a sustainable global financial system. Is its belief that this is necessary for creating long-term value correct, and does the short-termism that led to the financial crisis still exist?
Fiduciary duty is easy to define but translating what it means for investment practice can be highly subjective. Interpretations have varied throughout time and across regions, so what might inform definitions of this crucial investment concept in future?
Banks occupy a privileged position in the finance world, gaining access to financial information about their borrowers that public debt or equity holders do not have, and imposing terms and conditions as they see fit. So what impact do factors such as board structure, shareholder rights and corporate social responsibility have on loan pricing, and what does this tell us?
The Academic Network is the team’s engagement arm, connecting investors, policy makers and academics to direct research and share resources.
The PRI is proud to collaborate with the following organisations:
The 2015 Academic Workshop, sponsored by Sycomore AM, brought together more than 70 investors and academics to discuss the top responses to the PRI’s call for papers.
BEST QUALITATIVE PAPER
Immature or impossible: Making environmental, social and corporate governance issues calculable for investors?
A. Young-Ferris (University of Sydney), J. Roberts
BEST QUANTITIVE PAPER
The ‘price of sin’ aversion: Ivory tower illusion or real investable alpha?
H. Adamsson (Henley Business School), A. Hoepner
BEST STUDENT PAPER
Red versus Blue: Do Political Dimensions influence the Investment Preferences of State Pension Funds?
L. Schopohl (Henley Business School), A. Hoepner
CFO gender and bank loan pricing: A cross-cultural perspective
Sustainable Responsible Investment in Southern African Private Equity: Practitioner perceptions and practices
The integration of ESG criteria into investment processes considering investors’ preferences
Elena Escrig Olmedo
The importance of sustainability and transparency labels in investment decisions between conventional and sustainable mutual funds
SRI research: Four competing agendas
Jean Pascal Gond
Corporate responses to external metrics: a dynamic perspective on decoupling
MEET THE ACADEMIC RESEARCH TEAM:
Katherine Ng, Head of Academic Research
Katherine joined the PRI in June 2014. She is responsible for work bridging the gap between investors and academics.
Previously, she managed the research and insights programme at global accountancy body ACCA, developing, commissioning and communicating impactful and engaging research to stakeholders around the world. She was previously an academic researcher working on European Commission funded projects on science and society.
Katherine holds an MA in International Relations and is a qualified programme manager (MSP).