Signatory base AUM hits $59 trillion
The PRI is delighted to announce that its signatory base represents $59 trillion of assets under management (AUM) as of April 2015, a 29% year-on-year increase. This comprises just over half of the world’s institutional assets (across equity markets capitalisation and outstanding bonds and loans). The PRI now has nearly 1,400 signatories worldwide.
The significant growth in the AUM is due to a number of factors including new signatories, growth in AUM from existing signatories and updated AUM figures for new reporters. Some very big investors signed up to the Principles in the last year: Vanguard alone adds 7 percentage points to our AUM. Other notable signatories over the last year include Harvard University, University of California and Bank of America’s Global Wealth & Investment Management (GWIM).
Methodology for calculating the AUM
The methodology used was the same as last year. It includes data from the annual reporting framework where available and disclosed figures from signatories where not. Double-counting is removed in two cases: where a parent entity and its subsidiaries are both signatories, and where externally managed funds are owned and managed by PRI signatories.
“This significant increase in the AUM represented by PRI signatories demonstrates that responsible investment is making clear inroads in the capital markets,” said Fiona Reynolds, managing director of the PRI. “Investors have also begun to realise in recent months that their collective financial muscle can be used to effectively engage policy makers on issues such as climate change.”