Signatories engaged and satisfied - but more work to be done
The Principles for Responsible Investment (PRI) initiative today made public the results from a recent engagement and satisfaction survey of its 1,200 signatories. The survey received a 25% response rate and found that 75% of signatories would recommend the benefits of being a PRI signatory to other similar organisations.
80% of signatories feel engaged with the work of the PRI and 76% feel the PRI has a role to play in contributing to, and influencing public policy and debate in relation to responsible investment. The results also showed that 88% of organisations believe that being a PRI signatory enables them to publicly demonstrate their commitment to responsible investment.
According to PRI Managing Director, Fiona Reynolds, “We take pride in the positive feedback given by signatories and will continue to build on our strength in these areas. We’re also determined to enhance our position as the leading global voice on responsible investment. However, we also direct our focus to the areas where signatories feel that more can be done and have scheduled a range of events and webinars to further engage with signatories”.
The survey highlighted areas where signatories feel an increased focus from the PRI is needed, with half of signatories wanting additional disclosure relating to the PRI’s own governance matters and more than half wanting a greater understanding of the role played by the PRI Advisory Council, which is made up of signatory elected representatives.
In September 2013 prior to the release of the survey, the PRI announced plans to undertake a review of the current governance structure at the PRI Signatory General Meeting (SGM) in Cape Town, South Africa. This review is now well underway with recommendations planned for presentation to signatories at this year’s SGM in Montreal, Canada.
A full report of the survey results is available here.